United States Heading towards a Depression?

You shouldn't propagate linear thinking bipolar opposites project when discussing politics; there are no two ends.
There is only one type of person to blame for this unemployment: the compromised politician. This is not a party issue.

 

Speaking of compromised politicians, has anyone revealed any details to any of their plans for debt reduction to the public for an informed debate?

The only game in town and to date not a shred of information published for the general population.

The Republicans should introduce their plan in Congress and just evolve a resolution with a public debate - after the last election Republicans should be more than eager to show a new way of doing business, sadly the new members seem not to be embracing why they were elected.

 

You deserve a raise ! Its bankers, not politicians. When people continue to remain on the political level, they
are fighting the "straw men" set up as the smoke screen. Compromising politicians are the symptom, not the problem.
Did anyone see what Warren Buffet said ? He said he could fix the deficit in five minutes... go look it up.

 

4 Trillion more spent in just 2 years.
10 days to cut 4 Trillion.

Obama may just be the new acronym for FUCK TARD!

 

The question remains - why do the Republicans that control the House not introduce their legislation on the debt ceiling and pass a bill?

The time for avoiding their responsibility has run out.

 

Not necessarily. I'm at the point where I'm less concerned as to who's fault it is, because when politicians do that they think that assigning blame means they are exempt from creating a solution. "Ah, see, it's the evil [other party]. Vote for me!"

In my industry, I've reached an inflection point. In Semiconductors and many other industries I see jobs that are not coming back because computer technology and a corporate website has taken their place. The same manufacturing techniques for everyone have matured to the point where the focus has shifted from quality improvement to efficiency of operations.

This is not just a forum discussion for me. I seriously need to understand if there are jobs in the USA are not coming back and why.

I think it's as you wrote - there was an employment gain, then loss again. The key here is that the employment gain proved that the jobs still existed, and despite the fact that there was an employment loss again, those jobs still came back.

Again, it's about job rebound. I wonder the strongest about your last sentence - are the manufacturing jobs completely gone?

I read over the weekend that the USA is becoming a nation that produces nothing. The figure, and I have not verified this, is that 40% of the USA's income is now generated by financial instruments - stocks, options, derivatives, insurance. The U.S. economy looks like one big Ponzi scheme.

Yes, but there has always been real estate and so those jobs will rebound. A computer can't take the place of a real person walking you though your future cubicle nation.

I don't trust the government's figures, because my daily job shows me that things are worse than we are being told. And when both major political parties are silent, it tells me that they are either both complicity or they are both helpless.

We already know that at the last G8 summit, China and Germany warned the USA that not only does deficit spending have to stop, but that the national debt must be paid down.

There is a Government LinkedIn group that is getting lots of attention. Plenty of economic advisers are saying that, this whole political mess about raising the debt ceiling is really because the Chinese told Obama that if the USA raises the debt ceiling, China may not finance the additional debt. Moreover, they say that at least one-third of government spending goes to "waste", a polite term for corruption. It's not one big spending program, it's death by a thousand papercuts. The politician's attitude is "hey, you cut your corrupt program, but leave my corrupt program alone". It';s a variation of The Prisoner's Dilemma.

The real question is, What does the new U.S. economy look like, and how do we survive it?

 

It already is.. LINK

Ideas in software are pretty much what the USA has to offer anymore. 3D printing is also a somewhat viable alternative.
The mainline traditional industries have disappeared. The era of information has taken hold and rooted itself in USA culture. Google has a goal of categorizing "all information". The USA is a place of "information wars" now. Will the
good guys win ? Meanwhile, the bankers use the opportunity to trick the American People who are still
not transferring over to the information age. They need help.

P.S. The software mentioned in the link can be found looking for "virtual walkthrough" software.

 

I'd like to hear Earl's opinion on that. Someone still needs to go to the location and see what it looks like.

What do you call "mainline traditional industries"?

 

Those that support what an American uses everyday. For instance, all the computer chips, all the things concerning travel, all the food industry ( yikes ), entertainment. I will touch on only one industry- transportation. For awhile there people were buying more Toyotas than Chevrolet. Okay.. I will mention another, the computer chip. It is intel and AMD, but changing to Qualcomm ( Taiwan ) and Nvidia, thanks to mobile. Where is the money going for everyday things an American uses ? 3D printing is so new and operates on such a grassroots individual level, and so few have heard of it, that is has little to no potential to save the US economy. LINK. It could bring back SOME income to our shores.


You are right, for now it still takes a human to walk through the house and take the video of the interior. I can see that changing without a lot of effort.

 

Plus, I wanted to add that Apple has more money than Microsoft or Google. They make their stuff in China.

 

O.K., this is right up my alley. Sorry, but I can authoritatively disagree with you here. Mobile phones are not the whole market. Yes, Freescale (formerly Motorola Semiconductor), is in deep trouble because of staggering debt. But computer chips - semiconductors - are still a strong U.S. field. Texas Instruments dominates, Intel and AMD are not going away. Sorry, but in my expert opinion the above statement is wrong and taints your analysis.

 

If I were still active in real estate I'd sweep up virtual tours of space. I'd make it great, inviting, etc etc......but I'd push 200% to actually see and meet the clients. I'm aware of one couple that purchased a house wherein one of the pair never saw the house. Once. The guy had a mortgage business. He did look deep and hard into underlying values in the neighborhood. he had insights nobody has or could get insight into. And of course he trusted his wife. And the house worked out.

I like virtual tour software.....but as a broker I'd do everything in my power to meet w/ potential buyers or tenants once they'd seen it and liked it. That is where and how the deals are made.

If I were a buyer and depended solely on looking at virtual tour software without visiting the house I'm a damn fool. You are setting yourself up to see only the highlights and none of the flaws. Anyone that buys on that basis is going to get screwed.

 

Because they are not interested in raising the credit limit again.

 

In a world of stupidity that one is a prime example. Almost 3 years ago, the US financial system and the world system were in melt down. Republicans in Congress voted down TARP in its first effort. The broadest indicator of Stocks immediately plunged 800 points!!! Private loans were at their largest spread over govt guaranteed loans in 30 years, and variable rate loans for everything from student loans, to mortgages, to cars to corporate loans totalling in the trillions of dollars were all poised to immediately jump 3% points on everyone everywhere.

All because partisan Republicans following a crazy radical political extremism voted down TARP. Several days later TARP was resubmitted and passed after the Partisan crazies realized they were on their way to destroying the financial foundation of the world economy. As bad as things were they didn't go into world wide depression with virtually all liquidity freezing everywhere.

Now on the far extreme Mia repeats the same death destruction stupidity. Some never learn.

If the US defaults on debt because of a stupid partisan theory, the increase on interest rates will cost every American every day long into the future.

Its a great time to make a deal and cut govt expenses while increasing some revenues to create a more solid financial footing. Get it done RIGHT AWAY.

 

No one is - but the Republicans are the majority party in the House and it is their responsibility to introduce legislation necessary to pay the nations debt, be it whatever form it takes to meet the countries obligations.

They have their position, it is time for them to present it to the public.

Edit:

The Democrats are not afraid to make public their plan, what is it the Republicans are afraid of?

 

I do not have an expert opinion. What I was basing my statements on was the fact that smartphones are outselling desktops in number. They ( desktops ) will continue to have a decline. Intel and AMD may have mobile divisions. If they do, tell me, if not, they need them Motoroloa did some restructuring and they still are behind HTC and Samsung.


I do know that Intel was involved with the development of Meego ( Maemo 5 ), together with Nokia. Now... Nokia is dropping Meego, and Intel is looking for something for their future in mobile. AMD.. what do they have in mobile ??


I just learned today that America has a corporate tax rate second highest in the world... ugh.. its no wonder everyone left.

 

Lend your ears to this man! He will open your mind.

[video=youtube;kBt8xEWP7RU]http://www.youtube.com/watch?v=kBt8xEWP7RU[/video]

Please watch all of this, it's very interesting what he has to say about corporation tax. On the telescreen I often see young leftists campaigning outside banks and other corporations, screaming for higher taxation. They have no idea how the world really works.

"Corporation tax is levied against their production costs".

 

Blue Star, Brum: The actual and effective tax rate is dramatically lower than the stated marginal rate of 35% (second highest in the world) In some cases, dramatically lower. Incredibly lower. Assembling data is difficult and cumbersome due to the fact that actual taxes paid are private information.

Meanwhile last year GE had $14.1 billion in profits. Corporate income tax paid to the US last year= Zero, Zero, Zero. NADA. NOTHING.

Corporate tax rate last year!!! NOTHING, NADA, NIL. People flipping hamburgers in McDonalds paid more in Federal Taxes last year than did GE. Our little businesses with total sales somewhere at above 7 figures and less than 9 figures paid more in taxes than GE. Our little businesses with profits THOUSANDS of times less than GE paid more in federal corporate taxes. Don't go crying about corporate tax rates.

There are a lot of large corporations with deals similar to GE. Quit complaining about corporate tax rates. Its a bullshit issue, magnified by the RIGHT WING. Virtually all of those nations with lower corporate tax rates don't have the vast number of tax credits and tax avoidance that exists in the US.

 

I don't understand which of my points you're disagreeing with.

I know Corporations aren't really taxed. That's because they can't according to law, if what I've looked into is correct.

I don't believe I once stated I wish corporations to be taxed. It would contradict my free-market beliefs. Also, stop bantering that bullshit term "right wing" about, it means nothing and is an insult to those who see past party affiliations. This isn't the 1800s, there is no such thing as "left" and "right". This era is a vast spectrum of greys; 90% of policies are assumed and agreed by most parties, all they debate is how and when they're going to squeeze The People.