We could improve upon whats happening Im guessing that we just have to wait until Obama is in office too see what he is going to do with everything that is happening in the States. I pray that we didn't make a mistake in putting the entire population in his hands and our future.
THE USA IS GOING TO H3LL
- Thread starter oooZE120Z11Zooo
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this thread is dangerously close to crossing the line into becoming a political discussion and being deleted
Future I'm disappointed in you. I love peanuts! Show some respect for the lil guys lol!
To suislide: I never thought I would already be planning what I want to do in life by 14. I am a go with the flow guy, I was just gonna wing it through high school then figure things out. I guess ignorance isn't such a good thing after all.
I agree with that, however, the problem is, politics is deciding the fate of our economy.
I'm neither Democrat nor Republican, yet I find this entire thing to be exactly why the founding fathers absolutely hated partisan politics, because what happens is you have two different mindsets competing over something that is so plainly obvious it isn't funny.
I have a trip to Japan in 31 days and my homepage has actually become the Yahoo Finance page, where I can keep a tab on the exchange rate from dollars to yen, and let me tell you this, it hasn't been pretty. It's gone from 101 yen per dollar in October when I bought the plane ticket, to 91.36 yen per dollar, and less than 7 minutes ago, it was at 91.52.
Now, what could cause this drastic downfall, it isn't actually a recession, it's the "stability" of the dollar.
Now, one of the largest things America has done (and won't be able to do anymore) is ask for loans from the rest of the world, treating it like one large piggybank for us to plunder as we please. Since that is now dried up, and Congress is approaching a recession a fatally wrong way. The way they are approaching it is to spend even more money to get ourselves out of that.
The reason I'm acting really worried about this, is because we are no longer getting loans from other nations, we are PRINTING money with nothing to back it up.
It's like a case of manufacturing and cost. The more units you manufacture, the lower the price it will be overall, now think of that in the way of money, the more money there is in circulation, the less value the currency is.
Since the bailouts we have been printing money, that means, the government has been spending money with nothing to back it up.
At first, nothing will happen (unless in the stock market, where people pay attention to these details) but eventually, the more money there is in circulation, the less value the currency becomes. Now, Jimmy Carter days, we had a nice bout of inflation that drove down the value of the dollar and made it that much harder to buy things because the price of items went up.
But the worry is not of that kind of inflation, but of hyperinflation. Hyperinflation should scare a lot of people, because with a hyperinflation will make that dollar bill you have, worth even less.
To put this in perspective, when the Wiemar Republic got hit by hyperinflation, literally, you got your paycheck, and you ran out and spent it quickly, because the next day, that loaf of bread went from one wheelbarrow of cash, to more than one. It got so bad that the Wiemar Republic printed one MILLION notes because of the inflation.
A modern day example would be Zimbabwe, which one of our dollars, is worth over 50,000 dollars there.
During the Great Depression it was the same deal, we couldn't ask for loans from other nations cuz they were being hit by the same thing, and they wanted to hold on to their money.
I'll leave it there, I could go on into other deals like protectionism and taxes, but that could get even more down here.
Simply said on taxes, in a recession, instead of raising them, LOWER THEM, that will increase government revenues, at the same time stimulate the economy because you have more money in your pocket.
Edit: Now it's back up to 91.50 Yen per Dollar, where's my stress pills =I
Edit 2: And 2 minutes later, back down to 91.32
great. Now I'm prolly gonna have nightmares about that stuff. I just finished reading a choice of weapons for English class. Same thing here, only Gordon parks lived during the great depression.
And I think with the above statement said, this may turn back into an economical discussion. Although our economy cannot function without the government. Now I'm glad I pay attention in school!
And I think with the above statement said, this may turn back into an economical discussion. Although our economy cannot function without the government. Now I'm glad I pay attention in school!
Well, right now I'm reading The Forgotten Man by Amity Schlaes in between like 6 other books (I have ADD, so I suffer from the inability to crunch serious books unless they are really good). It's a great read if you think of the New Deal outside of what the textbooks teach you.
But the basic thing is, right now, the government is a key reason we got here in the first place. I'm not going to name names, but when you push through legislation that dictates to industry what can and cannot be produced, and not what the consumer demands, then it is is like throw sand in the gears of a machine, you just destroy the gears. Legislation like imposing gas mileage standards, Forcing banks to give loans and mortgages to people you know cannot possibly pay for them, bringing massive environmental policy shifts when Europe is struggling with it, I could go on.
But the fact is, right now, key things the economy needs is to lower the taxes, do not bailout banks, industries etc, this is why Bankruptcy laws exist, so you have the chance to go "Stop, we need to fix something if we want to be successful" and then turn yourself around and become successful.
We also need to stop treating failure as if it's the plague, that is one thing government does not understand, failure is HEALTHY, without learning failure, in the future when you do fail, you are completely unprepared for what is going to come next.
Government needs to understand, the government is meant to legislate AS NEEDED, not to legislate upon ideologies and agendas.
I understand the idea that we need to maintain jobs and everything, but that is an ideology and a political motive, not an economic motive. History proves time and again, that the economy ebbs and floes, it has its high points, and then it has its low points.
The entire bailout idea that is being thrown around in Congress is one of the worst things you can do to an economy, because it drives down the value of the dollar, not to instills a "me too" mentality into all these banks and companies who see a quick take of money.
No, I think government needs to just sit this one out. The economy needs a controlled burn, to clear out all that clutter underneath that only needs a spark before it rages into an inferno. What you are seeing now, is the inferno awaiting a strong headwind, and then you need to look out, because in this day and age, we've seen how if something starts falling apart, it falls apart insanely fast. We need to build smart firebreaks, not try and have an occasional airplane fly over the inferno and dump a load of water, cuz that is what we are doing amounts to, we dump a load of water on the fire, walk away saying hey its handled, as it burns down yet another neighborhood.
I am also cognizant of one of the reasons our Big Three have failed, and that is simply because they cannot sustain the basic economic model when you have companies like Toyota and Nissan paying 20-30 dollars less to an American worker to build a car, not being held to gas mileage standards, not being taxed as badly, and not having unions which demand an arm and a leg from them. I'm not saying Unions are evil, they are a great thing, if they are responsible, demanding seventy something dollars an hour to produce vehicle when the worker at Nissan or Toyota demands 50, and the average American worker averages 30, is not a sane economic model.
But it's also forcing the car industry to build cars people do not want, seriously, we all love the idea of running around in a gas guzzling SUV, it's the American mindset, we have to stand out from those rinky-dink European cars that have great gas mileage, but the underlying reason they have great gas mileage, is because they pay 4-8 dollars a LITER for gasoline. Americans pay what, 1-3 dollars for a gallon of gas, we want to drive in these big toys, and yet we have legislation which pretty much tells companies, thay you have to make those rinky-dink european-esque cars.
Like I said, Economy is great as government stands aside, but look out when it decides to meddle in something. I guess thats the end of my rant....for now
But the basic thing is, right now, the government is a key reason we got here in the first place. I'm not going to name names, but when you push through legislation that dictates to industry what can and cannot be produced, and not what the consumer demands, then it is is like throw sand in the gears of a machine, you just destroy the gears. Legislation like imposing gas mileage standards, Forcing banks to give loans and mortgages to people you know cannot possibly pay for them, bringing massive environmental policy shifts when Europe is struggling with it, I could go on.
But the fact is, right now, key things the economy needs is to lower the taxes, do not bailout banks, industries etc, this is why Bankruptcy laws exist, so you have the chance to go "Stop, we need to fix something if we want to be successful" and then turn yourself around and become successful.
We also need to stop treating failure as if it's the plague, that is one thing government does not understand, failure is HEALTHY, without learning failure, in the future when you do fail, you are completely unprepared for what is going to come next.
Government needs to understand, the government is meant to legislate AS NEEDED, not to legislate upon ideologies and agendas.
I understand the idea that we need to maintain jobs and everything, but that is an ideology and a political motive, not an economic motive. History proves time and again, that the economy ebbs and floes, it has its high points, and then it has its low points.
The entire bailout idea that is being thrown around in Congress is one of the worst things you can do to an economy, because it drives down the value of the dollar, not to instills a "me too" mentality into all these banks and companies who see a quick take of money.
No, I think government needs to just sit this one out. The economy needs a controlled burn, to clear out all that clutter underneath that only needs a spark before it rages into an inferno. What you are seeing now, is the inferno awaiting a strong headwind, and then you need to look out, because in this day and age, we've seen how if something starts falling apart, it falls apart insanely fast. We need to build smart firebreaks, not try and have an occasional airplane fly over the inferno and dump a load of water, cuz that is what we are doing amounts to, we dump a load of water on the fire, walk away saying hey its handled, as it burns down yet another neighborhood.
I am also cognizant of one of the reasons our Big Three have failed, and that is simply because they cannot sustain the basic economic model when you have companies like Toyota and Nissan paying 20-30 dollars less to an American worker to build a car, not being held to gas mileage standards, not being taxed as badly, and not having unions which demand an arm and a leg from them. I'm not saying Unions are evil, they are a great thing, if they are responsible, demanding seventy something dollars an hour to produce vehicle when the worker at Nissan or Toyota demands 50, and the average American worker averages 30, is not a sane economic model.
But it's also forcing the car industry to build cars people do not want, seriously, we all love the idea of running around in a gas guzzling SUV, it's the American mindset, we have to stand out from those rinky-dink European cars that have great gas mileage, but the underlying reason they have great gas mileage, is because they pay 4-8 dollars a LITER for gasoline. Americans pay what, 1-3 dollars for a gallon of gas, we want to drive in these big toys, and yet we have legislation which pretty much tells companies, thay you have to make those rinky-dink european-esque cars.
Like I said, Economy is great as government stands aside, but look out when it decides to meddle in something. I guess thats the end of my rant....for now
Well congress is now highly democratic, and so is the president, so really, the President has a lot more power than in a near balanced congress, because more things that he proposes, will more likely be passed by congress.
Depends on the constitution of the Congress though.
Domestically, the President has really no power, he can issue Executive orders, however, Congress controls the purse strings which can prevent implementation of said Executive Orders. Domestically (and by that extension, economically), Congress is the powerhouse that needs to be run through, that is why lobbyist groups spends billions of dollars on Congress.
So, while the President says in a campaign speech that he will do this or that, really, you cannot listen to them unless they fall under the powers given to the President via the Constitution. Unless he has Congress on his side, then yes, he technically becomes the power behind alot of the legislative measures that he supports, because he becomes the "Party Leader" because he holds the highest office.
It's why there has been this dogfight in the Senate over the seats in Georgia, Minnesota, and Alaska, because if Democrats obtain 60 seats, then they have a supermajority and can override any filibuster measure, therefore allowing a carte blanche on legislative measures unless it damages their own base.
Domestically, the President has really no power, he can issue Executive orders, however, Congress controls the purse strings which can prevent implementation of said Executive Orders. Domestically (and by that extension, economically), Congress is the powerhouse that needs to be run through, that is why lobbyist groups spends billions of dollars on Congress.
So, while the President says in a campaign speech that he will do this or that, really, you cannot listen to them unless they fall under the powers given to the President via the Constitution. Unless he has Congress on his side, then yes, he technically becomes the power behind alot of the legislative measures that he supports, because he becomes the "Party Leader" because he holds the highest office.
It's why there has been this dogfight in the Senate over the seats in Georgia, Minnesota, and Alaska, because if Democrats obtain 60 seats, then they have a supermajority and can override any filibuster measure, therefore allowing a carte blanche on legislative measures unless it damages their own base.