Gnome....... What they NEED to do is establish the widest based, lowest tax rate they can rationalize... If they were to do that, foreign companies would perceive the USA as safe, business-friendly and tax-friendly... and would FLOOD the USA with their facilities to make things and employ Americans ........................................................................... The US would rock !!!!!!!!! ......................................................................... And even the lessor developed countries would want to copy.... Would get in line for some of this candy.... Chavez .....Chavez who ?
I wonder if anyone now regrets outsourcing all of those middle-class, well-paying jobs which left because of NAFTA or were shipped off to Asia?
Excellent point. Back in 2006 when mortgages were starting to get higher than rent payments I knew something was wrong. During that time I was an Economics student.............when I predicted some major crisis for the Miami-Dade County, everyone called me insane and that I needed to pay more attention to class. One of the instructors holds a major Economic office at the county level, the other at the state level.AWESOME.
Ross Perot is just shaking his head right now. Anyone can say what they will about him, but he was more accurate in his warnings and projections than anyone.
Well of course. He was a business man. He always said, "... the government should be run like a business..." But Noooooo. I can still vividly recall his speech about the "giant sucking sound"...
And CAFTA.... Which drove out self sufficient food producers ....on to live in slums in the city.... And try to find one of those $300 month jobs that used to cost the US employer $10,000 month.... ............................................................................... And this is no joke.... .............................................................................. US "ambassadors".... Correction to label.... "Corporate and Lobbied WHORES".... ..................................................
ByLoSellHi The ONLY thing that matters. Jobs. .................................................. And valuations.... Guess what happens to the value of an asset whereby the income stream increases over 30% .... Literally at the stroke of the pen ? At 7x...10x....20x ? This is a solution for bank solvency as well....as you know debt is paying virtually 'nil.... ................................................. Not to mention the psychological uplifting of every human being in the US....and secondly the rest of the countries' populations watching it all unfold....and thus demanding likewise.... The first developed country in...wins the game..... This is all about jobs and valuations..... ...................................................... Every good company would want to domicile in the US and make things.... This is when a simple 10% consumption tax pays many fold what the outdated progressive nightmare produces.... Not to mention the uplift to the human spirit....throughout the world... This would make the energy surrounding the Superbowl look like a backyard picnic.... ............................................................... If Obama were to enact a 10% flat tax....he would be president for as long as the legal stipulations allow....
Perot is a nutcase. That "giant sucking sound" is the third world emigrating to the developed world to clean our toilets. Anyone thinking America is diminished by a call center going to India is the one on drugs. Do you see the employment situation being any better anywhere else? I know you don't follow overseas markets or economies but very little of this is U.S. specific or even geo-political. Have global markets since 2006 been scratching their heads over the move to the left political situation in America? OF COURSE. Is leftism THE reason for the collapse. No. Is it a contributory factor accentuating the deleveraging. Yes.
What's even better: I heard China is no longer going to take our debt. Washington isn't going to reduce our taxes or include us in the stimulus with cash because they say the majority of people will only save the extra money or pay down debt. WOW, so now Washington is telling us we need to spend our own money and now. What's next: oh yeh, couples can only have TWO CHILDREN. Gosh, socialism will be here to stay. Well, we can start changing this in TWO years. Romney was the only one I truly trusted for Presidency, many disagree. Then it could only be Ron Paul; if we want a seasoned Politician with any kind of economic SENSE! AND, we need to start finding and promoting our appropriate Congress replacements!!!