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jkhuston
Joined: 6/30/2009
Posts: 37
Draftee
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The real cause of our economy
Posted: 7/23/2009 3:27 pm
Please research the real cause behind our job losses. I have blamed the start of this process for at least 10 years on the so called free trade since the time Nixon went to China.
All the problems we currently discuss, from AIG to GM, are really a result of our downward economy. Look at it another way. How can we come out of this if the average American has no job or one that pays $10/hr instead of $25/hr where he was laid off? The answer is possibly never. I can not afford a new car on the earnings that I now make. There are 3 main reasons why this has happened: corporate taxes, environmental restraints, and so called free trade agreements. While there are other reasons, these are the main causes that force our jobs, business, and whole industries out of the Country. While I believe the blame is bipartisan, I cannot believe no one, even the news media, ever addresses these issues.
Look around, whole industries are gone: steel, paper, textile, furniture, automotive (almost), and the list goes on. When you shop at Walmart, you have to hunt for a label that reads "made in USA". Services do not produce any economic growth. They only churn the cash flow. Economics 101 teaches that economic growth occurs when a product is produced from a raw material resource. All other jobs are 2nd, 3rd, 4th tier economics and are only recycling the cash flow similar to a chain letter. Example, the hotdog bought at the ballpark is 5th or 6th tier economics. Even the ballpark is 3rd or 4th. First tier is the guy who made the baseball or the bat or the hotdog. Get it?
I will leave you with this question. HOW CAN ANY SEGMENT OF OUR ECONOMY RECOVER WITHOUT REAL JOBS TO SUPPORT IT?
I can never seem to get though to you by phone.
Sincerely, John Huston
This message was edited by jkhuston 7/23/2009 @ 3:42 pm
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gerald4
Joined: 2/12/2009
Posts: 290
Veteran
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Reply to post made by jkhuston 7/23/2009 @ 3:27 pm
Subject: The real cause of our economy
Re: The real cause of our economy
Posted: 9/25/2009 5:27 pm
Are you the famous movie director?
Economics, Trade Deficit, Government Spending Deficit, Jobs for Americans, and the Buying Power or value of the US Dollar are all interrelated and very important. These subjects need to be understood by the General Public. Economics is not that complicated. It is interlocked with understandable cause and affect principals of various economic action options.
Real wealth and real monetary value is created only when the members of a family (or a tribe, nation, city-state, etc.) plant, grow and/or harvest something of commercial value from the earth, extract something of commercial value from the earth, provide professional services (medical, legal, dental, engineering, architecture, accounting, land surveying, technology, etc.), and/or manufactures or constructs something of commercial value that is consumable (or permanently useful for income or rent) and then sells, leases or rents these items and/or services to parties outside of their family in return for a net transfer of gold, currency or commodities from other parties outside of their family into their own family. The members of that family can reflect their real wealth with the accumulation of grain, gold, cattle, jewels, land, buildings, commodities and/or other marketable products for reserve use in times of emergency and/or also to raise the standard of living for the members of that family.
Did the Biblical Abraham squander his assets unwisely and then became hungry and homeless when a famine occurred? Is the USA is repeating this action?
When the Biblical Abraham's family faced starvation, Abraham took his family to Egypt where there was grain stored and hoarded by the Egyptians to insure the survival of Egyptians during times of drought and famine.
Abraham and his descendants probably submitted themselves to be slaves of the Egyptians in return for food and shelter.
Martin Luther King stated something to the effect that "Everything that Adolph Hitler did in Germany was legal."
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gerald4
Joined: 2/12/2009
Posts: 290
Veteran
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Reply to post made by jkhuston 7/23/2009 @ 3:27 pm
Subject: The real cause of our economy
Re: The real cause of our economy
Posted: 9/25/2009 5:46 pm
The real cause for the demise of US jobs is that the average consumer would and will always pay less for a foreign made product than they will pay for a more expensive (American made) product if he has a choice.
This situation requires that the businesses always work to provide a less expensive product with higher quality, and this normally means to use less expensive labor and materials. Foreigners are happy to work for a fractioon of the pay that US workers want, so the businesses move the jobs overseas.
Wal-Mart, Home Depot, NTB and other importing companies pay companies and individuals in foreign industrialized countries like China, India, Brazil, Pakistan, and other foreign nations with US dollars to manufacture the things that these US businesses import, distribute, and then sell to the US consumers.
Manufacturers such as GM, Ford, GE, Chrysler, GE, Westinghouse and etc. manufacture vehicles, appliances, and equipment made with imported parts that they paid the people working for foreign companies in foreign countries with US currency to manufacture a large portion of the parts and assemblies for final assembly of the finished product in the USA that is then sold to US consumers.
The US government has created this economic situation that US gold; US currency; stocks, title to US real estate, businesses, jobs, and other privately owned US assets are leaving the USA to pay people in foreign countries to manufacture the things that US citizens import and then consume. These amounts of dollars leaving the USA is greater than they would be if US citizens in the USA were manufacturing more of the things in the USA that US citizens were consuming. We must change this situation or we will become a post WWI Germany economically.
Martin Luther King stated something to the effect that "Everything that Adolph Hitler did in Germany was legal."
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