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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.

    The root of the problem


    By Eric T, Section News
    Posted on Fri Jan 02, 2009 at 11:59:31 AM EST
    Tags: (all tags)

    U.S. Factories Contracted at Fastest Pace Since 1980

    http://www.bloomberg.com/apps/news?pid=20601103&sid=a0ZZ1ZJzT8nI&refer=usStimulus Plan

    "The manufacturing slump underscores why President-elect Barack Obama, who takes office Jan. 20, has said his first priority will be to pass an economic stimulus plan that will invest in public works and create or save 3 million jobs. The package may be worth as much as $850 billion."

    "Stocks advanced on the first day of trading in 2009, following the biggest annual drop for the Standard & Poor's 500 Index in 71 years, on expectations government stimulus efforts will curtail the recession. The S&P index rose 1.1 percent to 913.47 at 10:40 a.m. in New York. Treasury securities were little changed."

    From what I've heard Obama wants to stimulate the economy with Infrastructure projects road repair.

    I think before committing to an infrastructure spending package, maybe Obama and the new congress should take a closer look at manufacturing, and the issues of why American firms across the country are failing.

    Manufacturing jobs in a way, can be much better than infrastructure jobs, infrastructure jobs can be just a one time job or project. Where as manufacturing jobs can be there for a long time. And provide a family an income, without years of schooling and training.

    Alot of the infrastructure work is already done by our state. Our state is doing a great job on these roads too. They give you a nice smooth ride, A huge improvement on alot of the road I travel daily.

    < The New Year in the Sphere | Too much government? >


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    Display: Sort:
    Maybe (none / 0) (#1)
    by jgillmanjr on Sat Jan 03, 2009 at 05:35:41 PM EST
    The government needs to realize that Keynesian economics do not work. Let me repeat:

    GOVERNMENT INTERFERENCE DOES NOT HELP ECONOMIES - IT HURTS THEM

    Seriously. It's been over 70 years now. Economists have shown that fool Roosevelt's "New Deal" [Great Sham] lead to the extension of the Great Depression. Guess what, this "bailout" (and it isn't going to bail out anything) is probably going to make the economic downturn worse. If Obama is somehow able to pull off his stupid $850B "stimulus" plan, you better get used to hauling around your money in buckets. Stagflation, kids.

    Bad trade deals??? (none / 0) (#2)
    by Eric T on Sun Jan 04, 2009 at 08:50:26 AM EST
    No one ever seems to be able to explain why it is OK for China, Korea, Japan, ect ect... to put tariffs on our U.S products. but yet cry out "protectionist" or that is not "free market" if you mention maybe we should do the same, and that this issue could possibly be why American manufacturing firms are failing in such large numbers.

    If an Obama road work project, was something like the Autobahn, in Germany, with no speed limits, and you drive as fast as you want, I'd think that might be a great plan. It could bring back the high performance market for automakers.

    Here's why it's ok (none / 0) (#3)
    by jgillmanjr on Sun Jan 04, 2009 at 10:20:27 AM EST
    Here, second paragraph:
    While it might be convenient to speak of one country trading with another, such aggregation can conceal a lot of evil, particularly when people call for trade barriers. For example, what would be a moral case for third-party interference, by either the Japanese Diet or the U.S. Congress, with an exchange between me and Toyota Motor Corporation? Some might reason that since Japan places restrictions on U.S. products entering their country, an appropriate retaliatory measure is not to allow Japanese products to freely enter the U.S. By the way, Japanese protectionist restrictions on rice imports force Japanese consumers to pay three or four times the world price for rice. How much sense does it make for Congress to retaliate against Japan by imposing restrictions on their products thereby forcing American consumers, say Lexus buyers, to pay higher prices? Should our rule be: If one country screws its citizens we should retaliate by screwing our citizens?


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