Our economy sputters because

Our economy sputters because

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bensleys reality

Nashua, NH

#1 May 9, 2013
Our economy sputters along because we have too many illegal immigrants working here but sending the earnings back to mexico or where ever.

There are way too many money wire transfer offices springing up in stores and stand alones.

So let end money transfers to mexico , fire the illegals, deport them and hire Americans.
Force American employers to hire Americans first to support the rebuilding of our economy first.

lets end this dial one for Spanish crap this is America English is the defacto language of this country so read write and speak English or go home.

we don't tolerate dial 666 for Russian or dial 69 for ebonics. we should not tolerate dail anything for Spanish.

Want to speak Spanish then go to a Spanish speaking country want to speak ebonics then move to the hood.

Lets support the American economy keep our money at home.

Since: Oct 12

Location hidden

#2 May 9, 2013
Actually, our overall economy is gaining strength in it's recovery....Media is quiet about any credit for this administration, but we are getting healthier economically everyday.....Dow 15,000 record level, Auto sales booming and home construction is cooking.....U.S. Home prices rose 10.5 percent in March....biggest gain since March 2006......
bozo view

Nashua, NH

#3 May 9, 2013
Go Blue Forever wrote:
Actually, our overall economy is gaining strength in it's recovery....Media is quiet about any credit for this administration, but we are getting healthier economically everyday.....Dow 15,000 record level, Auto sales booming and home construction is cooking.....U.S. Home prices rose 10.5 percent in March....biggest gain since March 2006......
Actually facts you presented are not entirely true indicators of a strong or real economic recovery.

Dow reaching new heights is based on Companies earnings reports which have been very high. You need to understand there is a real disconnect between corp earnings reports and the strength of an economy.

Insiders on wall street are suggest an downward adjustment in the Dow averages is coming soon. Smart money is moving out of stocks.

Many of Those companies with very high earnings are sitting on tons of cash afraid to expand here or in Europe because demand for products is still very low. Those same high earning companies are
not hiring because of uncertain demands for products.

Companies like every day citizens have to have confidence in the political leadership in order to spend and expand. Companies and citizens are unsure of what this administration will do on taxes.

Plus the Obama health care train wreck is going to hurt the economy because of it's staggering cost. Even the democrats who forced this bill through congress without actually reading the bill admit this is a colossal mistake which will hurt our economy.

Many companies, states, cities and congress have opted out of this expensive government take over of medical care in America.

when did government every run, manage, oversee any thing on budget as designed??

Housing is improving for several reasons. Many ( but not all ) of the underwater mortgages have been resolved. But there still is a large number of homes needing to be refinanced.

Keep in mind that home values fell at he beginning of this fiscal mess. The homes have not recovered to any where near pre crisis levels.

The news media points out the improvement in home sales but without some real factual contextual percentages of the before and after crisis sale percentages there is no way for anyone to tell what is happening.

If a home lost value over the past several years then rebounds to higher than last years numbers it still lost value based on the long term. Yes it sold for more than last year or the year before but still got no where close to where it was at the beginning of the housing slide.

I think Barnie Frank & chis dodd should be in prison for what they did to this economy and home values. More government tinkering in the private sector that failed.

Auto sales are moving because the average car on the American road is aging. Again without a comparison of before crisis and after crisis it's hard to tell what is a big improvement.

More financial bad news on the horizon.

This administration is running up a staggering amount of national debt. Printing borrowing large amounts of money will bring inflation to this economy that is an economic fact.

Governments and citizens need to understand that governments can't spend their way out of recessions depressions. Ask Russia, Cuba and other countries that have tried and failed.

Russia collapsed financially in the 80's because they could not spend as much on defense as America could.
Too much spending and no exports to support that level of spending.

Economies recover when consumers have confidence in the political leadership and have money in their pockets to spend to improve an economy.

Government at every level city, county, state, and federal take too much money out of the economy and out of consumers pockets.

Consider the illegal immigrants have taught America business they will work for less thus reducing wages for everyone in America.
You can't live in this American economy earing $8.50 and hour for 30 hours a week.

more later
bozo view

Nashua, NH

#4 May 9, 2013
bozo view wrote:
<quoted text>
Actually facts you presented are not entirely true indicators of a strong or real economic recovery.
Dow reaching new heights is based on Companies earnings reports which have been very high. You need to understand there is a real disconnect between corp earnings reports and the strength of an economy.
Insiders on wall street are suggest an downward adjustment in the Dow averages is coming soon. Smart money is moving out of stocks.
Many of Those companies with very high earnings are sitting on tons of cash afraid to expand here or in Europe because demand for products is still very low. Those same high earning companies are
not hiring because of uncertain demands for products.
Companies like every day citizens have to have confidence in the political leadership in order to spend and expand. Companies and citizens are unsure of what this administration will do on taxes.
Plus the Obama health care train wreck is going to hurt the economy because of it's staggering cost. Even the democrats who forced this bill through congress without actually reading the bill admit this is a colossal mistake which will hurt our economy.
Many companies, states, cities and congress have opted out of this expensive government take over of medical care in America.
when did government every run, manage, oversee any thing on budget as designed??
Housing is improving for several reasons. Many ( but not all ) of the underwater mortgages have been resolved. But there still is a large number of homes needing to be refinanced.
Keep in mind that home values fell at he beginning of this fiscal mess. The homes have not recovered to any where near pre crisis levels.
The news media points out the improvement in home sales but without some real factual contextual percentages of the before and after crisis sale percentages there is no way for anyone to tell what is happening.
If a home lost value over the past several years then rebounds to higher than last years numbers it still lost value based on the long term. Yes it sold for more than last year or the year before but still got no where close to where it was at the beginning of the housing slide.
I think Barnie Frank & chis dodd should be in prison for what they did to this economy and home values. More government tinkering in the private sector that failed.
Auto sales are moving because the average car on the American road is aging. Again without a comparison of before crisis and after crisis it's hard to tell what is a big improvement.
More financial bad news on the horizon.
This administration is running up a staggering amount of national debt. Printing borrowing large amounts of money will bring inflation to this economy that is an economic fact.
Governments and citizens need to understand that governments can't spend their way out of recessions depressions. Ask Russia, Cuba and other countries that have tried and failed.
Russia collapsed financially in the 80's because they could not spend as much on defense as America could.
Too much spending and no exports to support that level of spending.
Economies recover when consumers have confidence in the political leadership and have money in their pockets to spend to improve an economy.
Government at every level city, county, state, and federal take too much money out of the economy and out of consumers pockets.
Consider the illegal immigrants have taught America business they will work for less thus reducing wages for everyone in America.
You can't live in this American economy earing $8.50 and hour for 30 hours a week.
more later
unemployment is much higher than the 7.5% reported by the administration.

Suggest you start reading news papers from other cities, other countries to get a better, broader more objective view of what is happening here and abroad.
Yeah Right

Altamonte Springs, FL

#5 May 9, 2013
We need to spend to jumpstart the economy.

I'll start by putting in my two cents.

Since: Oct 12

Location hidden

#6 May 9, 2013
bozo view wrote:
<quoted text>
unemployment is much higher than the 7.5% reported by the administration.
Suggest you start reading news papers from other cities, other countries to get a better, broader more objective view of what is happening here and abroad.
What a boring, farreich mouth you have.....Care to disprove any of my point's with some facts??????????And in 50 words or less, please.....
bozo view

Nashua, NH

#7 May 9, 2013
Yeah Right wrote:
We need to spend to jumpstart the economy.
I'll start by putting in my two cents.
Yes put your 2 cents worth in then please read some books on economics.

Consumers with money to spend is what fuels a national economic recovery.

Government spending just runs up national debt leaves tax payers with a big bill to pay and inflation which means the money has less value.

No national economy has ever recovered from recession/depression with government spending alone.

Russia would not have collapsed in the 80's, cuba would have not sunk into recession because they had lots of government spending.
Retired Farmer

Crofton, KY

#8 May 9, 2013
Capitalism has its own self destruct mechanism: wealth accumulates in the hands of the wealthiest few until there is not enough left for the economy to function. Capitalism worked best for the greatest number of Americans in the 30 years 1945-1975.

What was different then? Answer: Tax rates on the wealthy were much higher then than today so that the government prevented the excessive accumulation of wealth in the hands of the very rich and redistributed it throughout the economy by building infrastructure, grants for education, etc.

Regulations put in place by the Franklin D. Roosevelt administration also prevented shennanigans like the "housing bubble" and the things with the big banks that brought on the current recession. All those regulations were removed in the 1980s.
bozo view

Nashua, NH

#9 May 9, 2013
Retired Farmer wrote:
Capitalism has its own self destruct mechanism: wealth accumulates in the hands of the wealthiest few until there is not enough left for the economy to function. Capitalism worked best for the greatest number of Americans in the 30 years 1945-1975.
What was different then? Answer: Tax rates on the wealthy were much higher then than today so that the government prevented the excessive accumulation of wealth in the hands of the very rich and redistributed it throughout the economy by building infrastructure, grants for education, etc.
Regulations put in place by the Franklin D. Roosevelt administration also prevented shennanigans like the "housing bubble" and the things with the big banks that brought on the current recession. All those regulations were removed in the 1980s.
Your comments are correct and on point.

But after the Johnson administration created the welfare state a whole new class of people dependent on government for survival was created. This class of people taking not contributing to the economy have been a growing drain on our economy.
The welfare state has ruined the black community.

Then add in the millions of illegal immigrants pulling down wages and teaching business there are people who will work minimum wage and dragged down wages benefits for all American workers.
The illegals also add cost to the school & health care systems & the tax payers.

Consider also that government at city, county, state and federal government has grown unchecked since 1960. But governments never cut close or sunset any programs. the programs along with the taxes fees, surcharges needed to support them go on forever.
So much waste duplication over lap overhead.

All of this takes too much money out of the economy reducing the standard of living for everyone.

Since: May 13

Location hidden

#10 May 10, 2013
Things were still good until media monopolies were allowed. I think that was 1989
Yeah Right

Altamonte Springs, FL

#11 May 10, 2013
bozo view wrote:
<quoted text>
Yes put your 2 cents worth in then please read some books on economics.
Consumers with money to spend is what fuels a national economic recovery.
Government spending just runs up national debt leaves tax payers with a big bill to pay and inflation which means the money has less value.
No national economy has ever recovered from recession/depression with government spending alone.
Russia would not have collapsed in the 80's, cuba would have not sunk into recession because they had lots of government spending.
Well, had I known you are a self appointed expert, I would have been clearer on my comment.

The economy sputters when consumers stop spending. I missed the part where I said it was government spending.

When you read all the books that made you an expert on the subject, did you put your own words in to support your own opinion?

Obviously so.

Since: Oct 12

Location hidden

#12 May 10, 2013
Julie Wabansia wrote:
Things were still good until media monopolies were allowed. I think that was 1989
Economy is actually in a slow, building recovery, dispite what many want us to think......Sad to hear that the Koch brothers are trying to buy the Tribune......
bozo view

Nashua, NH

#13 May 11, 2013
Yeah Right wrote:
<quoted text>
Well, had I known you are a self appointed expert, I would have been clearer on my comment.
The economy sputters when consumers stop spending. I missed the part where I said it was government spending.
When you read all the books that made you an expert on the subject, did you put your own words in to support your own opinion?
Obviously so.
Reading books doesn't make one an expert but the knowledge in those books helps the reader better understand the forces that shape an economy or a society and better predict future trends .
Retired Farmer

Crofton, KY

#14 May 11, 2013
bozo view wrote:
<quoted text>
Your comments are correct and on point.
But after the Johnson administration created the welfare state a whole new class of people dependent on government for survival was created. This class of people taking not contributing to the economy have been a growing drain on our economy.
The welfare state has ruined the black community.
Then add in the millions of illegal immigrants pulling down wages and teaching business there are people who will work minimum wage and dragged down wages benefits for all American workers.
The illegals also add cost to the school & health care systems & the tax payers.
Consider also that government at city, county, state and federal government has grown unchecked since 1960. But governments never cut close or sunset any programs. the programs along with the taxes fees, surcharges needed to support them go on forever.
So much waste duplication over lap overhead.
All of this takes too much money out of the economy reducing the standard of living for everyone.
Johnson's creation of the so-called "welfare state" or "welfare class" coincided with something else and was a reaction to it: a lot of jobs that blacks and poor, uneducated whites did were eliminated by mechanization in the late-1950s and early-1960s. Southern agriculture stands out as an example. Before the late 1950s cotton was picked by human hands. All those field hands were replaced by cotton picking machines in the 1960s. One machine did the work of dozens of laborers. The machines just kept getting bigger and more efficient, too. Today one machine does the work that it would have taken several hundred field hands to do in 1950. Same thing happened in the cities. Backhoes did away with the need for human ditch diggers. Today there is a lot of griping in coal mine country about regulations stifling jobs in the mines, but that is a fallacy. There is 10 times more coal being mined today than there was in 1900, but there are less than 1/10 as many miners doing the work. Machines have replaced manpower. Those displaced bottom end laborers became the welfare class, black and white, because no new jobs came along to replace the ones that machines eliminated.
bozo view

Nashua, NH

#15 May 11, 2013
Retired Farmer wrote:
<quoted text>
Johnson's creation of the so-called "welfare state" or "welfare class" coincided with something else and was a reaction to it: a lot of jobs that blacks and poor, uneducated whites did were eliminated by mechanization in the late-1950s and early-1960s. Southern agriculture stands out as an example. Before the late 1950s cotton was picked by human hands. All those field hands were replaced by cotton picking machines in the 1960s. One machine did the work of dozens of laborers. The machines just kept getting bigger and more efficient, too. Today one machine does the work that it would have taken several hundred field hands to do in 1950. Same thing happened in the cities. Backhoes did away with the need for human ditch diggers. Today there is a lot of griping in coal mine country about regulations stifling jobs in the mines, but that is a fallacy. There is 10 times more coal being mined today than there was in 1900, but there are less than 1/10 as many miners doing the work. Machines have replaced manpower. Those displaced bottom end laborers became the welfare class, black and white, because no new jobs came along to replace the ones that machines eliminated.
I would agree with all of your comments except the last one "no new jobs came along to replace the jobs machines eliminated"

There were new industries springing up all the time. I received my Honorable Discharge from the USAF in 1964. Came back to the states to see lots of opportunities.

Computers from IBM and others were creating new facilities construction jobs and manufacturing jobs and computer programing jobs. Computers were slowing changing the way business and industries operated which creates jobs and opportunities.

America was building highways at a record pace thanks to the foresight and planning of President Eisenhower with his American highway plan. There were highway building projects in every state in the country.

Boeing Was building the NEW 707 jet liners, airports around the country were scrambling to build new terminals to accommodate the new larger jets with new jet ways.

Boeing is also a large supplier of aircraft for USAF. I served in SAC we flew Boeing B 47's, B 52's and KC 135's refueling planes AC 135's.
Some of those models are still flying today which proves they were a very well designed air frame some are down to the L or P series toady.

These planes also helped bring down the Russian threat in the 80's

My point is there are always jobs opportunities out there, I believe welfare took the incentive to look for a job out of the black community. Read the history of Harlem written by the Dept of Health and human services in Maryland, the study provides the history & statics of Harlem 1850 to 1970

National large scale Economies are complex with many factors effecting how economies preform. My original comments were designed to point out some of the serious problems facing the American economy.

Enjoy debating and talking with you.

Retired Farmer

Crofton, KY

#16 May 11, 2013
Bozo,

You are sort of right and sort of wrong at one and the same time.

Sure, there were computer and aircraft industry jobs, but the displaced field hands and ditch digger did not have the skills and education to do those jobs. There were also more low educated, low skill unemployed created by the closure of low end jobs than there were new jobs created.

There is also what I call the "power of place". Poor, uneducated people are not very mobile. An unemployed rural Alabama cotton field hand might have taken a job in a chicken processing plant or even a low skill job in a Boeing aircraft plant if it is just down the road, but he is not apt to relocate to California to do it. Something that far away is beyond his worldview if not his comprehension.

Since: Oct 12

Location hidden

#17 May 12, 2013
The Far Reich, just does'nt want anyone to know.....OUR U.S. ECONOMY IS IN A HEALTHY RECOVERY.....no thanks to them.....
Retired Farmer

Crofton, KY

#18 May 12, 2013
Go Blue Forever wrote:
OUR U.S. ECONOMY IS IN A HEALTHY RECOVERY...
Not true, or more precisely, not correct.

The rich are getting a lot richer, but the vast majority of Americans are getting poorer.

http://economy.money.cnn.com/2013/04/24/ameri...

That kind of recovery, the one that you cite in your post about the 15,000 DOW, is not healthy. It just might be a speculative bubble that when it bursts will make the crash of 1929 look minor.

Since: Oct 12

Location hidden

#19 May 12, 2013
Retired Farmer wrote:
<quoted text>
Not true, or more precisely, not correct.
The rich are getting a lot richer, but the vast majority of Americans are getting poorer.
http://economy.money.cnn.com/2013/04/24/ameri...
That kind of recovery, the one that you cite in your post about the 15,000 DOW, is not healthy. It just might be a speculative bubble that when it bursts will make the crash of 1929 look minor.
That's how the republican's have it set up....job's outsourced, then protect the corporate wealthy and politician's getting richer....careful what you wish for, eh?...Where do you fit in?....
Retired Farmer

Crofton, KY

#20 May 12, 2013
Go Blue Forever wrote:
<quoted text>That's how the republican's have it set up....job's outsourced, then protect the corporate wealthy and politician's getting richer....careful what you wish for, eh?...Where do you fit in?....
Me? I was a Republican for over 30 years. When I went to the court house to register the first time, the county where I lived was solidly old style Dixiecrat Democratic. It had about 5,000 registered voters and fewer than 50 Republicans. The Democratic party was run by a Boss Hogg whose family had ruled the local roost since right after the Civil War (ironically, the first one was a carpetbagger who married a local heiress). It was pretty much a private club by and for the local elite. They expected people to vote the way they said, but they wouldn't let any new blood into the inner circle.

I, and a lot of other young people, looked to the old ideals of the Republican party - the humanism of Lincoln, the Trust busting zeal of Theodore Roosevelt, and the integrity of Eisenhower - and became Republicans just to spite Boss Hogg. We sort of coasted along until Reagan, when the movement away from the Democrats really took hold.

Then, sometime in the 1990s, the coalition of economic Libertarians and the "Christian Reconstuctionist" element of the Christian Right started showing up. Before long they had hijacked the GOP. The first Republican converts like me were promptly branded RINOs and purged. I quit the party in 2007 and registered Independent. Most like me are still registered Republicans, and will vote Republican in national elections, but have zero influence on the party's platform.

The Democrats are not likely to win us over because it is too liberal. We might go with a middle of the road "Blue Dog", somebody like Jimmy Carter, but never for an Obama or a Hillary Clinton.

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