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Discuss "The next president and the economy"
Comments will be accepted throughout the day.
1.
It's the FOG of economics. The Democrats created the economic crisis, the CEOs are their golf partners, and funneled money to their campaigns. The Republicans and Bill Clinton called them out in 2004, and here's the smoking gun that you won't see on MSNBC. http://www.youtube.com/watch?v=_MGT_cSi7Rs
2. The US has the most productive workers in the world. They work longer hours and produce more per person. However, both Presidential candidates seem ignorant of the concept that real manufacturing production of real materials controls the world. Trying to make a phony economy out of "vaporware" led to the dot.com bust. Shifting it to pretend that housing values would rocket forever with no real substance behind them was the next blow. Neither Socialism nor Capitalism work without manufacturing,
3. I wish that the media would stop picking on Social Security benefits as if it were in the same boat as Medicaid/Medicare. IT IS NOT. The Scocial Security, Trust Fund is solvent and has approximately 4.5 tillion dollars of goverment backed securities. It makes up half the deficit that this government owes Social Security. It will be solvent until 2017 without the Trust Fund and with the Trust Fund will be solvent until 2041. Medicaid/Medicare are broke and are 1 Trillion dollars over their budget. This is the medical benefits for the retirees and welfare people. STOP PICKING ON Social Security payments.
4. Obama and McCain are both clueless when it comes to economics. Neither has the fortitude or the intellect to solve the economic problems facing this country. The best we can hope for is Obama/McCain not to screw things up too badly until the "real" economic president is elected in 2012. In the mean time, remember the 1970s? How about Japan's lost decade, the 1990s? Stagflation or stagnation. That's what the next four years looks like.
5. Maybe what we need is a little bit of isolationism, let the world run itself for a little while. It probably would do better, since we are not good at it. We need to focus more on running our own country. Start by optimizing our economic, government, political, military, social and educational systems in a manner that puts America First. Put American effectiveness over economic efficiency by helping the businesses that produce value and hire American people. Identify our core industries and make sure that these industries are in American hands. Revise our tax systems to reward the industries, companies, and individuals that help.
6. Pilng on the rich with high marginal tax rates "feels good" but it's counterproductive. Sure, if I'm filthy rich I can afford the taxes, but I can also afford to just stay home. What's 39.6% of nothing?
7. The Four Horsemen of the Economic Apocalypse: Globalization, Deregulation, Open Borders, and Free Trade have ruined this country. American capitalism is no longer about market innovation, now it is about political and financial manipulation and cheap labor. Unlike the market capitalists who succeed financially by producing new, better, or cheaper products, these people manipulate the political system to their advantage. We need a greater emphasis on innovation, quality, and customer satisfaction instead cheap labor and financial products that add no value. Get rid of economists, there is more to a country than just productivity.
8. Actually the polls are wrong: they are only sampling small groups of people. 600, 1,000, or 3,000 in the case of Gallup. (even still many are within 4-6 pts) How about a poll of over 90,000 people? AOL has a straw poll that you have to use your AOL account to sign into, enter the state that you live in, and can only vote once. (unless you have multiple AOL accounts I guess, but who would have more than 3 or 4 anyway?) Wanna guess who's winning among the 90,000 people? McCain, by 10 pts. http://news.aol.com/political-machine/2008/10/02/aol-straw-poll-oct-3-10/ Don't believe the hype.
9. It's time for the flat tax! Many Democrats in the past supported it. Yet they want people to forget that. Jerry Brown, former Democrat Governer of California, ran against Clinton for POTUS in 1992 campaigning for a 13% flat tax penned by Arthur Laffer. Interesting how the Russians got a 13% flat tax now. Could it be possible to recognize a good idea when you don't have your partisan blinders on??? Think of all the millions the gov't could save by eliminating or shrinking the IRS!! And the average Joe won't have to spend money on H&R Block or tax software! The Democrats are ignorant obstructionists whose are going to destroy our economy!
10. Donna- Educate yourself. Republicans are the ones spending trillions of dollars on Defense while the Education system flounders, and cutting taxes for billionaires. Shilo - Your logic is flawed. A higher population ALWAYS stimulates the economy. Hey, look at India and China!. Oh...wait. Chelsea - Only nutsos are pro-abortion. You are either pro-choice, or pro-life. Barack Obama wants the government (populated by MEN, who can't even get pregnant) to keep their hands off of women's reproductive organs, and let women decide what is best for them.
Submitted by: drizzit
2. The US has the most productive workers in the world. They work longer hours and produce more per person. However, both Presidential candidates seem ignorant of the concept that real manufacturing production of real materials controls the world. Trying to make a phony economy out of "vaporware" led to the dot.com bust. Shifting it to pretend that housing values would rocket forever with no real substance behind them was the next blow. Neither Socialism nor Capitalism work without manufacturing,
Submitted by: WAF - Irvine, CA
3. I wish that the media would stop picking on Social Security benefits as if it were in the same boat as Medicaid/Medicare. IT IS NOT. The Scocial Security, Trust Fund is solvent and has approximately 4.5 tillion dollars of goverment backed securities. It makes up half the deficit that this government owes Social Security. It will be solvent until 2017 without the Trust Fund and with the Trust Fund will be solvent until 2041. Medicaid/Medicare are broke and are 1 Trillion dollars over their budget. This is the medical benefits for the retirees and welfare people. STOP PICKING ON Social Security payments.
Submitted by: CJ - Atlanta
4. Obama and McCain are both clueless when it comes to economics. Neither has the fortitude or the intellect to solve the economic problems facing this country. The best we can hope for is Obama/McCain not to screw things up too badly until the "real" economic president is elected in 2012. In the mean time, remember the 1970s? How about Japan's lost decade, the 1990s? Stagflation or stagnation. That's what the next four years looks like.
Submitted by: Mr.Bilko
5. Maybe what we need is a little bit of isolationism, let the world run itself for a little while. It probably would do better, since we are not good at it. We need to focus more on running our own country. Start by optimizing our economic, government, political, military, social and educational systems in a manner that puts America First. Put American effectiveness over economic efficiency by helping the businesses that produce value and hire American people. Identify our core industries and make sure that these industries are in American hands. Revise our tax systems to reward the industries, companies, and individuals that help.
Submitted by: Ransome
6. Pilng on the rich with high marginal tax rates "feels good" but it's counterproductive. Sure, if I'm filthy rich I can afford the taxes, but I can also afford to just stay home. What's 39.6% of nothing?
Submitted by: HB Freddie
7. The Four Horsemen of the Economic Apocalypse: Globalization, Deregulation, Open Borders, and Free Trade have ruined this country. American capitalism is no longer about market innovation, now it is about political and financial manipulation and cheap labor. Unlike the market capitalists who succeed financially by producing new, better, or cheaper products, these people manipulate the political system to their advantage. We need a greater emphasis on innovation, quality, and customer satisfaction instead cheap labor and financial products that add no value. Get rid of economists, there is more to a country than just productivity.
Submitted by: Ransome
8. Actually the polls are wrong: they are only sampling small groups of people. 600, 1,000, or 3,000 in the case of Gallup. (even still many are within 4-6 pts) How about a poll of over 90,000 people? AOL has a straw poll that you have to use your AOL account to sign into, enter the state that you live in, and can only vote once. (unless you have multiple AOL accounts I guess, but who would have more than 3 or 4 anyway?) Wanna guess who's winning among the 90,000 people? McCain, by 10 pts. http://news.aol.com/political-machine/2008/10/02/aol-straw-poll-oct-3-10/ Don't believe the hype.
Submitted by: Mr. Hopper
9. It's time for the flat tax! Many Democrats in the past supported it. Yet they want people to forget that. Jerry Brown, former Democrat Governer of California, ran against Clinton for POTUS in 1992 campaigning for a 13% flat tax penned by Arthur Laffer. Interesting how the Russians got a 13% flat tax now. Could it be possible to recognize a good idea when you don't have your partisan blinders on??? Think of all the millions the gov't could save by eliminating or shrinking the IRS!! And the average Joe won't have to spend money on H&R Block or tax software! The Democrats are ignorant obstructionists whose are going to destroy our economy!
Submitted by: Miles T
10. Donna- Educate yourself. Republicans are the ones spending trillions of dollars on Defense while the Education system flounders, and cutting taxes for billionaires. Shilo - Your logic is flawed. A higher population ALWAYS stimulates the economy. Hey, look at India and China!. Oh...wait. Chelsea - Only nutsos are pro-abortion. You are either pro-choice, or pro-life. Barack Obama wants the government (populated by MEN, who can't even get pregnant) to keep their hands off of women's reproductive organs, and let women decide what is best for them.
Submitted by: AL
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