Thread: Economics The Fiscal Cliff Approacheth
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Old 11-24-2012, 11:51 AM   #222
BigRedChief BigRedChief is offline
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Join Date: Dec 2003
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VARSITY
Quote:
Originally Posted by patteeu View Post
We used to essentially be THE global market and our producers didn't really need to worry about exports. Every year, our share of the global market declines and exports become more and more important to our prosperity.
That era is never coming back. We had factories already ramped up for war. We were undamaged at home. We had a monopoly to sell the goods that rebuilt after the war.

During this post WWII era, we allowed the largest middle class the world has ever known to be built. We are still living off that success as our exports have declined.

We can't compete with $5.00 an hour wages. What we have to discover is that widget that we can build cheaper and pay "American" wages and still sell overseas or we are going to be a consumption economy forever. This is why I strongly advocate to keep the middle class strong. Without it, we are doomed for failure. Maybe not next year or the next but eventually everything will collapse.
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Attempted troll/humor while discussing potential child abuse
Quote:
Originally Posted by Bufkin View Post
If it's effective, who are you, me, or anybody else to call it abuse? I worked with a guy back in Moberly who would shove a finger up his son's ass each time he had anything worse than a C on his report card. If he came home with 2 D's and an F, that's 3 fingers (and this was a big dude). Does that sound hideous and disgusting? Absolutely. Did the kid ever get anything worse than a C after this rule was implemented? Not a chance.

I'm not saying it's morally right or wrong, but does it make the child because of it? Think about that for a second.
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