Posted on 01/18/2011 6:33:28 PM PST by neverdem
This was Clinton’s so-called “Economic Advisor”...whose idiot ideas (Free Trade with Communist China, NAFTA) is why we have such economic problems
However, Tyson is no different than the Liberal Commie Free Traders in both parties who have shipped American jobs out of the country.
End the Commie Free Trade nonsense....and the jobs will come back.
#1: the entire world is awash in over-capacity and over-suppy. Too many factories, too many shopping malls, too many office towers, too many homes, too many cars, too many ships, everything...
#2: too many regulations. This is *especially* true at the local level. What city bureaucrats will approve are new individuals doing the exact same business as a prior (often closed) location. For everything else (read: innovation), the system requires onerous approval processes that typically span 6 to 60 months, with votes going to polls on many.
#3: too many lawsuit lotteries. High court awards for dubious fault drive up the cost of insurance and drive down the risk-taking of entrepreneurs. Playing defense to potential lawsuits means that doctors give unnecessary tests and businesses avoid otherwise profitable side ventures.
#4: taxes. At the business level, the AMT means that a businessman can’t deduct more than 2% in losses from a new venture. Losses in a new business are typically prevented from being credited to the entrepreneur’s other, successful businesses. This constricts entrepreneurship.
On the personal level, consumers are hammered by property, sales, and income taxes that can span local, county, state, and federal levels.
#5: Demographics. There are 77 million Baby Boomers who have been hitting retirement age since 2007, and who will continue to hit retirement age through 2025.
#6: Debt. City governments, state governments, federal governments, corporations, and consumers are all saddled with massive amounts of debt.
Debt is deflationary, the opposite of credit. Run up more debt, get more deflation.
Howzabout that. There were two Bryans: Bryan the inflationist and Bryan the anti-Darwinist. Bryan the anti-Darwinist is perpetually mocked, but Bryan the inflationist is the legitimate grampaw of every political economist who sees inflation as a valid policy tool.
One more note: Bryan supporters who called Darwinism "Evil-ution" did so before Hitler's Social Darwinism manifested itself in compulsory sterilization of the "unfit." The Holocaust built on that Social Darwinist policy.
[Presumably, they are building houses in places where there is not a lot available.]
Au contraire. They are still building here in Vegas!
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