So realism is optimism? If you have to manufacture facts or if your facts are wrong, perhaps you should reexamine your position and opinions.
In Minnesota local researchers have determined (recent article in the local papers) that the main problem is not skill shortage/mismatch but unwillingness of employers to pay sufficient wages or devote any resources to training. In CNC machining, to pick one clearly definable example, starting wages have actually fallen, all the former apprenticeship programs have been discarded, and the companies are running on temp labor they keep on for months or years, at the same time as the companies complain they are not able to fill jobs. They want only people with three years directly relevant experience or more, they want them able to take on their particular job with minimal training, and they want this for less per hour and lower benefits than they paid ten years ago. Meanwhile, they work their current employees overtime - serious stuff, fifty-60 hours a week, swing shifts and weekends. So older machinists get tired of the demands and retire, young folks take jobs driving trucks and turn down the ten or fifteen thousand in debt necessary for a two year schooling, and we see a "skill shortage".
It might recover from this theory I have If the municipalities are given money , say for snow removal , as an example , but don't use all the moneies given , and are not penalized for not using the money , taken away next year , then the municipalities can gain a surplus , then use that money to invest in the federal bonds etc , safe investments , as safe as possible anyway , you invest in the country , the feds are given the cash So that the municipalities , make money Now if done over enough time , the monies could come to the point where the municipalities no longer need money from the federal gov. And lower the property taxes on house holds Hence give more money to the tax payer , hence increases wealth to the tax payer Therefore the less money the feds. Have to dole out , hence savings Over time , hopefully the fed. Never has to give money to the municipalities again
Yeah, reality bites. When facts and reason fail and you cannot prove your allegations, go for the ad hominem...that will teach me. Please Register or Log in to view the hidden image!
To my last thread , further and to be clear Say a municipality was given $10 million , and it was an annual budget , but only used 8million You have of course a surplus of 2million Now the next year was given the same 10million Let it grow , but you could only invest half of the surplus and only in very secure investments , treasury notes for example , or bonds This is my thinking anyway See my point While the feds give you the initial money , you then turn around and use the surplus to reinvest in the country and then , hopefully in time , never need the feds money again And in every municipality the people would be wealthy and so would the municipality
To add , to my last post The municipalities would then be able to invest in schools , hospitals , daycare , infrastructure etc With minimum debt , if any
I noticed your revisions. Aside from the fact that you have offered absolutely zero proof for any of your declarations and assertions, what you are doing here is saying if you ignore this kind of manufacturing and that kind of manufacturing and so on you can get to the 6% of GDP number you originally claimed. So yeah if you ignored more than half of the manufacturing in this country you can get to your 6% of GDP number. But then you wouldn’t be measuring all of the manufacturing in this country.
It is amazing...with your 13,400+ posts and living in this country since 2001...you have nothing to say about our problem and how to fix it....but you did get my post and understood...I normally do not come to B&E group a lot as I am involved in USA Economic Development through a non-profit group trying to solve our problem and talking to congressmen in doing some ideas. The reason I come here is to see any new ideas we can use. And you want me to wait for robots in the future! Anyway, I did not get anything from you to use with our goal to develop USA back to pre 9/11 days and resolve the rich making a mess out of what is happening...it is not their fault...it is the way our Business Processes are set up. Everybody has to make money...
Then you haven’t been paying attention, either that or you have a severe cognitive problem. Our problems are political, not economic. Congress is the problem. The way we elect our representatives is the problem. Our government is the best money can buy and bought it has been. If you are talking to our congressmen, you are staring the problem directly in the eyes . . . seeing the trees but not the forest. This is a good example, I never asked you to wait for robots. In fact I said robots were going to become an increasing challenge to manufacturing employment – along with other technological manufacturing improvements that make manufacturing more efficient and effective. It’s going to take less labor to build the same quantity of goods. That means fewer manufacturing jobs. What are we going to with the excess labor? And I guess you missed the whole discussion of training and the skills mismatch problem? The good news is that President Obama didn’t miss that point. He has a plan to invest in training a workforce that can fill the existing demand. I can tell you that in the firm I worked for we could not find enough skilled talent in this country and we offered recruiting bonuses and very good wages and benefits. It is an American tech company. Well it helps if you have some understanding of the subject matter. You don’t have a grasp of the issues or the facts so how can you help Congress solve our problems? And why would you want to go back to the pre 9/11 days? The pre 9/11 economy contained the seeds of The Great Recession of 2007-2009. Congress had repealed The Glass-Stegall Act and passed The Commodities Futures Modernization Act of 2000. Those are the laws that made The Great Recession possible. Had those acts not been passed by a Republican Congress and signed into law by a Democratic president we wouldn’t have had The Great Recession of 2007 -2009. The rich are always going to make a mess. The rich are always going to try to pad their boudoirs at the expense of everyone else. Why do you think there was so much resistance to cigarette regulation in the last century? Why do you think there is so much resistance to climate change regulation? The science is overwhelming. But special interests have been very effective in getting Congress to feather their beds with special interest legislation and thwarting rational decision making and actions that would benefit all of us. Look at bank reregulation. It has taken 4+ years and Dodd-Frank has yet to be fully implemented. Some banks and their Republican lackeys have been fighting tooth and nail resisting Dodd-Frank. And you don’t have to look far to see that the lack of adequate banking legislation still poses a risk to economy. One of the nation’s largest banks was caught last year with its hand still in the cookie jar. http://www.reuters.com/article/2013/03/15/us-jpmorgan-whale-drew-idUSBRE92E0MV20130315 As I have said many times before, our problems are not economic. Our problems are political. As long as special interests can use their money to get Congress to make laws that favor them to the detriment of all others, then nothing will change. President Obama understands that too. But change, especially big change like this, is not easy. You can see how much resistance healthcare reform created in Washington. It took nearly century. If you want to solve our economic problems, solve our political problems, change the way we elect our officials and change the way we compensate our elected officials. Prevent them from using their jobs to line their personal pockets (e.g. Tauzin). And everything else will resolve itself in the due course of business. Rational decision making goes a long way. Unless we do that, we will continue to piss in the wind. http://www.cbsnews.com/8301-18560_162-2625305.html http://www.nytimes.com/2010/02/13/health/policy/13pharm.html?_r=0 Businesses are doing just fine. Profits have never been better. The stock markets have never been higher. Our problems are political, not economic.
No need; one picks up my garbage every week. We used to have three guys in the garbage truck - a driver and two loaders. Now there's one driver and a robot arm.
Amazing...we are talking about the same thing right? Robot... 1 a : a machine that looks like a human being and performs various complex acts (as walking or talking) of a human being; also : a similar but fictional machine whose lack of capacity for human emotions is often emphasized b : an efficient insensitive person who functions automatically 2 : a device that automatically performs complicated often repetitive tasks [it may mean no human involvement???] 3 : a mechanism guided by automatic controls
You said: Globalization and technology have dramatically changed manufacturing labor markets. And that is not going to change. In the next 20 years I expect the increasing use of robots will dramatically reshape the manufacturing industry. The US and every other nation around the globe will need to figure out how to deal with social displacement caused increased manufacturing efficiency. That is where I did not pay attention This is where I have severe cognitive problem. You see if it is not ECONOMIC they why in the frack you are in B&E replying to a post titled “ideas on how the (USA) economy might recover” and messing up other people value added posts? Sorry I am not a Moderator here…otherwise you would be out by now. And you talk about I HAVE a cognitive problem??? Go to Politics and start a solution campaign on changing our Politics… Strategy….I can see the Forest. I did that to China…I can here too…what have you done to change it? What Nonsense! We are trying to sell Artificial Intelligence to USA for the last 5 years with good set of people. And they could not want to put money where mouth is while China is doing advanced stuff left and right. The problem is the private companies want cheap stuff and pay cheap too for cheap Supply Chain Management solutions. You are correct…But rather than talking about it and solving it…you badger even the Moderator to provide a solution. Banks and Economists and Lawyer Leaders (and many others) can not solve the cohesiveness of the society. Just bitching about the rich will not get you where you want to go…then again you say ECONOMY is fine, then why bother in anything as per you. So go back to the Politics… I was not paying attention on the politics part. My job is to provide Economic value that is why Politics are in a mess now as it happens in Greece, Spain, Portugal and in that past USSR and before than in Second World War Germany and soon in our neck of the woods. But you need not worry about Economics…go to Politics and work there. I understand your view point. If we have WWIII (Iran and North Korea) like Germany was in WWII or related misery you can say it is the Politics that made it. Perfectly Logical though ginormous bad logic. So spend your time in POLITICS…not HERE. Sorry if I messed up this post....being a Moderator...I worry...
If you like any of the ideas in these three plans, and do talk to congress, mention those you think could help the US to them or your non-profit group. (1) The new “Red dollar bill” is equal to the old green ones but only in the USA. Red dollars are illegal to export or import and have no guaranteed value outside of the US. They smoothly replace the green dollar, as banks only give out red dollars. The Fed gives red dollars to the banks for their green ones or for preferred shares, bonds etc. to stimulate / increase circulating currency, not electronic credits on their computers until essentially all old green dollar have been recalled. Banks can lend them out to home buyers, builders, companies, etc. or to buy Treasury bonds , etc. Green dollars already outside of the US (and those within the US) become void on a schedule. Perhaps the $100 bill after 10 years, $50 bill after 15 years, etc. This stimulates foreigners to use them to buy US products and puts US´s "mattress dollars" to work. Note Red dollars can not be used to pay for any US imports as they have no value outside of the US, except to some smuggler willing to risk jail time and confiscation of them when trying to bring them back into the US. All imports are via credit cards, or bank wires, if large, etc. so import of hard drugs and associate domestic crime ends as the drug dealers don´t want records of their drug sales to the US. No more do suitcases full of $100 dollar bills leave the US. (2) Here, too long to copy as with improvement in the thread´s posts is a very simple and better tax plan that makes US companies more competitive globally too: http://www.sciforums.com/showthread...onsideration&p=1792841&viewfull=1#post1792841 (Instead of 73,000 pages of tax code, it fits on a 3 by 5 index card, but definitions, illustrations and tax tables do take both sides of a sheet of paper). (3) This is mainly of historical interest now but tells how the housing collapse should have been handled to prevent its repetition and avoid sticking the government with “toxic trash” while getting over extended buyers into homes they could afford or rent. http://www.sciforums.com/showthread...-or-not-quot&p=2025940&viewfull=1#post2025940 It, as an Email, was sent to most Congress Representatives before Congress adopted Paulson´s ill fated plan, which ignored the root cause of the problem.
Yes, this clearly demonstrates your cognitive impairment and ignorance. I said that and more. Out of that how do you get that you need to wait for robots to deliver some value? I have said repeatedly in this thread that the use of technology and robots will have a significant impact on the manufacturing sector. Technology has and will continue to make the industry more efficient . . . producing more goods with few inputs like labor. I am well aware of your attempts to bully and abuse your power as a moderator. I post in this thread to address people like you. You have made a bunch of false statements in this thread. And those statements have been made known to you. And you have had the opportunity to address your errors and misinformation. But you have not and cannot, because you have been very clearly wrong. And if you had been paying attention and could reason, you would know that politics can and does impact the economy. Fiscal and regulatory irresponsibility can have adverse or positive effects on the economy. I am surprised, if you are a lobbyist consulting Congress on business issues, you should know that. In fact you should know a lot of things that you don’t know if you are doing what you claim to do. How about you checking your ego at the door and trying to learn something and engage in constructive conversation instead of trying to bully and in the process demonstrating your ignorance and inability to reason? That doesn't make sense. No it is not nonsense. It is fact. Employers are finding it difficult to find skilled qualified employees in the US. Several independent references were provided to you to prove that fact. Why do you think President Obama is pushing congress for more job training money? Your refusal to acknowledge reality doesn’t make it any less real. Now as for your rant on AI, it doesn’t make any sense. The discussion was about the skill shortage in the US. Of course companies want to be efficient. That is what they do. Their mission is to make money, which is the capitalist way. And there is nothing wrong with that. Capitalism works. Keeping you honest and truthful is not badgering. I never asked you or anyone else to solve a problem with social cohesiveness. In fact I never raised the subject. This is yet another example of your cognitive impairment. If you knew anything about business you would know that politics is integral to the development fiscal and regulatory policies which materially impact the economy. And if you could reason, you would know that just because things are fine today, it doesn’t follow that they will be fine a month from now or two months from now. Congress has created yet another opportunity to send the nation into an intentional, unnecessary and unprecedented default. If you are the expert you like to represent yourself to be, then you should know that too. And things could be better, if Congress demonstrated an ability to be fiscally responsible – something we have not seen since Republicans took over the House two years ago. LOL, if you understood economics you would understand the linkage between politics and the economy. How can you provide value if you have no understanding of economics? If you understood economics you would understand the potential economic pitfalls ahead of us and how they are tied to politics. There is nothing magical about economics. We know what work and what doesn’t work. The only question is do we have the political will to exercise good judgment? On the fiscal side the answer has clearly been no for the last two years . . . after Republicans took control of the House. Since then the economy has been riding a wave of Fed intervention in order to compensation or the lack of fiscal responsibility on the part of Congress. Fed monetary policy cannot bear the burden of congressionally fiscal irresponsibility indefinitely. At some point Congress needs to be come fiscally responsible, else the economy will tank. And the longer this fiscal incompetence drags on, the more difficult it will be for the Fed to return to a more normal monetary policy. As I told you before, if you want to do something for the economy, get Congress to become fiscally responsible . . . to follow President Obama’s lead, to stimulate the economy on the short term with investments in infrastructure while making longer term reductions in spending when we reach full employement. This isn’t rocket science. It’s Macro Econ 101. Do you understand my point of view? I don’t think so, because if you did understand my point of view, you would know I never said anything about WWIII or Iran or North Korea or Germany. You don’t find enlightenment in obfuscation and in ignoring reality. And let’s remember how this started. You began by making claims about this economy that were blatantly false including understating manufacturing as a percentage of GDP and then trying to rationalize your error with references that didn’t support your claim. And then you claimed that the US calculates GDP differently because of petro dollars which is again blatantly untrue. It doesn't even make sense. And then you go on to deny the current skills gap in the US and refuse to acknowledge the evidence. If you are advising Congress on economics, no wonder they are all screwed up. You have made numerous factual errors and serious errors in reasoning and logic. I have corrected your errors. You cannot have a meaningful discussion if your numbers and facts are wrong, and with you that is the case. Without real data, and real facts any discussion is jibberish. The single best thing Congress and can do for the economy is to implement a rational fiscal policy, a policy that is stimulative on the short term and progressively more auster in future years after the economy has attained full employment. And unfortunately, if you want better fiscal policy, you are going to need better Congressmen and women, ones that act in the interest of the nation and that means election reform else we are going to continue to move from fiscal crisis to fiscal crisis. And that is no way to run an economy. So I will repeat myself once again. If you want to do something for the economy, change they way congressmen are elected. So that we can have good decision makers in Washington, so that we can have a rational fiscal policy and a functional government instead of the dysfunctional government we now have. That is the best thing Washington can do for the economy.
I was used to dual system in China in 1983...So, that may work well... It is difficult due to interested rich parties....we shall see how that goes... Need to visit this as it was the result from underemployment and high prices including Health Care...
The "Red dollar plan" is a dual currency system only for the transition period as green dollars become worthless. As there are many more green dollars outside of the US than in it, the red dollar plan essentially forces a very large number of foreigners to "buy American" and kills the import of hard drug as there is no way to pay for them, which does not leave a record of the transactions for police to follow. These two important advantages are gained with essentially zero cost.* Why not support the red dollar plan (described in point 1 of post 96)? Yes, those now taking advantage of tax reducing loop holes will resist the simple progress tax plan that treats all income the same, but some may like it as it does not tax corporations. Instead they must distribute all retained earning to real people who do pay taxes with a maximum of 10 years lag or forfeit their 10+ year old earnings to the IRS. This creates US jobs as makes US corporations more competitive as not only do they not pay taxes, but also they can fire their entire tax department. (All the data needed is already in their annual reports.) Also very important is all their decisions are based ONLY on real economic factors, not playing some tax advantage game. Huge puplic support could be generated by showing most tax payers that their taxes would be greatly reduced (perhaps cut in half?) when no "Loop Holes" exist for the rich with tax lawyers to exploit. Alternatively, the national debt could quickly be paid off if they continue to pay taxes at the same old rate. I´m not sure what your third point relates to. It does not seem related to my third point. The fundamental factors that lead to the housing bubble collapse were: (1) Government policy (and general public´s desires) of wanting all to be home owners instead of renters, which Fed facilitated with artificially lower interest rates, mortgage support, etc. (2) A government system that allowed the banks etc. to quickly move "trashy paper" ("toxic trash") off their books (to Fanny May etc.) with no quality tests. (3) The normal greed of people who got more money the more mortgages they granted, even if to drunk bumbs off the street with no income that coffee could get sober enough to sign the mortgage. ("No money down", "Liar loans", “Balloon notes" etc.) *US already prints new dollars to replace the badly worn ones. - I doubt if special red ink is significantly more expensive than special green ink. It could be if designed to glow green under UV light etc. to make counterfeiting less common, but that cost would be added only if there were a net saving as counterfeiting was reduced.
Got it... 1. Home ownership provides long term value to citizens. Hence it is a good thing for them as opposed to renting. We get money from the future and use it for wealth since no one knows what will happen in the future. Hence Rental part is not a good wealth practice. 2. Trashy paper is because very few (like one million per year) got into trouble over massive ownerships. That is where I say that Economy caused the demise of people and hence my statements that no one was talking about. There is no way a person will be guaranteed to provide value for 30 years and at zero inflation on the properties. That is what I was saying. This happened to my friend who lost two major contracts and hence lost immediate payment that could have been OK to take in 6 months down the road. Same situation for General Motors that turned Trash Stock but came back OK. 3. Those numbers are very low like Bernie Madoff…it is not a good use from statistical point of view. In other words the amount is so low that we should not be discussing it . It is for the media to crap about it due to Government mistakes / lack off, in the Economic Development (which I am trying to fix - Google Tses Glass Namibia).