If you don't think government can affect the economy significantly, you need to only read what you just wrote to change your mind. The government doesn't produce jobs, maybe, but it sure as hell can significantly affect the economy. Some examples:
Those are just a few examples off the top of my head. HERE'S a great primer on government spending and the economy:
- TARP - $850B wasted, basically
- Fannie Mae/Freddie Mac
- Huge corporate bailouts
- Monetizing debt
- Obamacare
- Predatory corporate tax rates that drives production, and jobs, overseas
- ad nauseum
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Stella - my best girl ever.
11/04/1994 - 12/23/2010
Don't wanna get shot by the police?
"Stop Resisting Arrest!"
Smoot-Hawley worked so well, we should do it again!!!
Better yet, lets make it better for the companies to work here rather then penalize them for moving. We have one of the highest corporate tax rates in the world. Yup, if I have to fork over 40% of my profits to the .gov you better believe I want bailouts out of that. Fuck both those things. Lower the tax rate and no bailouts.
LOL ok. You need to look a bit closer at the problem of the sweat shops and do some logical thinking. But if you really think paying some of the highest wages to people in those areas and giving them a better living then they would have had with out those "sweat shops" is bad... ah well.
ETA: Are you for minimum wage as well?
andOriginally Posted by Sharpienads
Bingo! That's the winning solution right there.
The below is totally off the mark and it's part of the problem, not the solution:
tmleadr03 nailed the answer to this one.Originally Posted by Byte Stryke
The US has the highest corporate tax rate in the world at just a hair under 40%. 40 freakin percent, folks. You people are constantly harping on freedom. Then why would you penalize corporations for taking advantage of a better business climate in another country? Why not make it advantageous for companies to do business here? Why not make the US the most business friendly country in the world and take business/production away from other countries?“United States companies are now in the position of trying to compete in the 21st century world economy with a 20th century tax system,” said Ho. “Dozens of countries around the world—including many of the United States’ closest trading partners—have realized that sky-high corporate tax rates are an economic dead end. Now more than ever, Americans want to see policies that will help create increased growth, more jobs, and higher standards of living – exactly the things that a lower and more streamlined corporate tax system can help achieve.”
Rest of the story HERE.
Stella - my best girl ever.
11/04/1994 - 12/23/2010
Don't wanna get shot by the police?
"Stop Resisting Arrest!"
Lot of FAIL in your logic here, Byte. Stop and think about what you're writing and how your views fit into our constitutional freedoms and privileges.
For the record, I've seen few people here - actually none that I can think of - arguing FOR bailouts and such. I sure as hell don't. I agree...conduct your business in a way that promotes growth, or fail. It's simple.
Stella - my best girl ever.
11/04/1994 - 12/23/2010
Don't wanna get shot by the police?
"Stop Resisting Arrest!"
Businesses are leaving because they can beat a 9 year old kid into working 14 hours a day for 10 cents in an often deadly or dangerous environment and then import that same product into the country with no repercussions.
You think Thailand is offering any corporate bailouts?
you forget, I have seen these places.
I am all for companies doing what they want, don't get me wrong. but when your shit collapses do come running back to the same country you dumped for help.
as far as blame... its our fault, everyone, Government, Corporate and Citizenry.
everyone took advantage and we let our government do this to us.
We have to have higher corporate taxes to pay for Monica's dress, airforce one vacations and fat legislative expense accounts and lobbyists. Because you know its just to hard to make ends meet on 174K a year and a fat fucking expense account. We have to maximize profit margins even if it means moving the factory overseas and employing 10 year-olds so we don't have to give them PPE from the heavy metals/chemicals. Safety is not cost effective.
and yes, I am all for a minimum wage because I don't want to live with 40 relatives in a single room apartment and share a bag of rice for a month.
my point is that corruption at all levels is eating away at the base economy and the only ones that will survive is the corporate and political elite.
so you are saying that when GM Ford and Chrysler moved shit out of the country because it was cheaper, their quality failed, sales dropped and then sat in congress begging money it was OK?
I didn't see Toyota or BMW asking for a handout...
someone ban me again... this place went to pot