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Old 11-09-2012, 07:02 AM   #72
banyon banyon is offline
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Join Date: Aug 2005
Location: Dodge City, Kansas
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Quote:
Originally Posted by Buehler445 View Post
I agree with the bolded part. In all likelihood, real problems would not have been implemented. However, Romney may have at least slowed the bleeding.
Maybe. But maybe what we need is the deep crisis to take the remedial measures needed.

Quote:
Originally Posted by Buehler445
However, IMO, the only answer is not necessarily competing with India, China, etc. We can provide jobs with different value added functions. However, business has to have an environment to thrive. To me, that environment has to be stable in terms of taxes and requisite overhead costs (obamacare), a lower tax burden, and less intrusive regulation. All of these things Obama has destroyed.

But no, America is not going to become a manufacturing powerhouse that it was in the 40s and 50s. Those days are over.
What "value added jobs" do you think exist that cannot at this point be outsourced to people with lower living standards? On the myth of us having competitive advantages where labor costs don't matter, the jig is about up.

AS I've heard Peter Schiff comment: You can only sell each other so many manicures before everyone is out of the actual money that comes from producing things.




I'm probably not the expert on this, but I know I could run out of money pretty easy if I made 200K out here in bum****nowhere. Living expenses out here are cheap. I couldn't imagine being shelacked by huge taxes if I lived in high rent areas on the coasts.
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