Finance, Forex and Investments

Improving the US Economy?

I think a contributing reason for the US economy declining is outsourcing and having countries like China making products. If the US slowed down outsourcing such as getting of the call centers in India and have at least 80 percent of the products made in Mexico, China, Pakistan, and other third world countries except exporting to them would increase job opportunities, product quality, pollution "from ship and airplane carbon emissions, and boost the dollar. What do you think?

Public Comments

1. The problem is more government. It messes up the economy and makes it hard to invest. Lower tax rates for everybody. Cut significant government spending. Lax some regulations.
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3. Would you work for the same wage that they're being paid? If so, pick up you ticket at the airport.
4. I think the best way the government could help the economy is to stop spending what we do not have! If I am having a problem with my checkbook, I know that I cannot spend more than what is in my bank account. The same principle holds true for the government. We cannot spend our way to prosperity! We are in so much debt to China at this point that China will soon find us unworthy of any more credit. What will we do then? We must learn to live on what we make, otherwise we will find ourselves bankrupt and our system will collapse. This will happen soon if the bird brains in Washington do not get their act together! Libertarian up there has the right idea! Peace!
5. Imagine you're a US doctor. You're one of the best doctors in the world, and you've quite well paid. Now suppose, in exchange for some of the long hours you put in at the office, you'd like to buy a consumer good. Nothing fancy, just something made at a textile mill, or perhaps some sort of manufactured good. Assuming that you value the time you spend at work and want to get the most value for your dollars, why would you pay extra to have that product put together by adult breadwinners trying to raise families in America, when you could have it manufactured much more cheaply by people in other countries with simpler needs? Now switch things around a bit. Suppose you're an American worker trying to raise a family. When you look at all the inexpensive consumer goods available to you, made by people who are no more skilled than yourself, what makes you think you deserve so much more money than them for doing the same thing? Your American birthright is not the right to be overpaid. It's the opportunity to be as productive as possible. And if think you can squander that opportunity by doing third-world-style factory jobs while making a new world salary, then I'm happy to inform you that globalization will prove you wrong. If your job can be done by Asian twelve-year-olds, then honestly: What does that say about you?
6. You're pretty much on the mark. I get so sick of hearing the democrats blaming G.W., just like I get so sick of hearing Republicans blame the democrats for pressuring banks to make risky loans to people. The following two things are roughly a combined 85% of what's wrong with our economy: (1.) NAFTA, which was signed by Bill Clinton and passed by a Republican Congress in 1995. (2.) Globalism, which has been caressed by BOTH parties. Both NAFTA and Globalism have put American workers in direct competition with cheap communist labor. Republicans are disingenous when they tell Americans that MNC's establish in other countries because of regulations, unions, and high corporate taxes. Given, the aforementioned, along with extreme demands from labor unions have certainly contributed. Still, any honest business person will tell you that the single largest operating expense in running any kind of business is payroll. Matter of fact, on average, payroll accounts for 65% of the costs of doing business. In communist countries there are people working in sweat shops for less than a dollar an hour. The popular shoe-maker NIKE takes advantage of cheap communist labor, unless they've stopped the last 3 or 4-years. Politicans from BOTH parties have sold us out, and that's the problem. The only way to stop it is to destroy NAFTA and us pull out of this Globalism (which we're too far into it now), or (my preferred method), tax the hell out of corporations who outsource. They taxes must be high enough to washout the savings of low wages by off shoring and outsourcing. Then, they'll have to be very careful to create tax laws that have no loop holes.
7. I agree with most of what you say. In the past few decades it has been College, College, College. The problem is that every one going to college will not be able to get a job in the field they studied. We need to bring back the Blue Collar worker and get rid of the unions. Yes we are no longer an Industrial nation because the tree huggers have made it so difficult. Big lobbyist group. Then look at Cali. they turned the water off in the Joaquin Valley where we used to feed the world but the new houses and the Smelt need the water more. This is an upside down administration who are based on all of us being equal but I hope soon they will figure it ain't gonna work.