Jägermeister says:

This week’s episode brought to you by:

General Motors

CLick here for your discount code.

Hmeyers says:

“which will tank the recovery”

There ISN’T going to BE a recovery.

But keep that secret under your hat. 😉

Hmeyers says:

@Alfred

After a few years of a worsening economy, things will get better but it won’t be a so-called recovery.

It’ll be the realization that there is no money at all, we should start making stuff here, the government either will need to help thin things down or it’ll do a General Motors.

So just wait and the survival instinct will kick in and we will all be just fine with less.

It won’t be fast food, credit cards, restaurant dining, buying foreign made electronics at a frenzied pace and big SUVs but it’ll still be a good life.

Oh … and people will need to work for a living again 😉

deowll says:

I’d say three of the best places to invest are China, India, Brazil. They all have growing economies along with a list of other countries while the last I heard our economy was still contracting at a fairly brisk pace.

Wonder what they are doing that we aren’t doing?

They have little to no fed dept and their fed isn’t about to start consuming 25% of their gnp.

deowll says:

Hmyers,

They are working a lot longer than in the EU and their work day and productivity has been growing much faster than their pay checks but your point may be valid.

However the fed can’t eat that much of the GNP without it tearing the guts out of the basic economy. Right now the fed is trying to keep things running by borrowing and spending/pork barrel? with every possible service fee and tax being likely to be added on or increased. It can’t help but kill the private sector.

Oh yeah one more thing on the price of gas. The value of the dollar against other currency is what now? Yeah speculators are playing games as well but if your money isn’t worth what it once was then you have inflation and all this spending is causing the dollar to fall.

Okay so we make grass legal and put a tax on it. That reduces prison population and draws in tax money, maybe, but then who wants to hire a pot head?

ECA says:

#7,
can I ask..
WHO gets hurt by the bad economy??

NOT the rich.
NOT the top 5-7%..

What HURTS, are those people trying to KEEP THEIR profits by cutting wages, benefits, HOURS of those workers below them.

30 years ago..the money made by the TOP earners WAS the profit margin for the year.
THEY DIDNT GET, a PAYROLL, much benefits, paid holidays…
Corps would look at a task and decide IF THEY’ should build it into the business..
NOW, they look around for another company to DO THE JOB’, which requires OVERHEAD, managers, boss’s, owners ALL getting paid, when the original corp HAD the extra boss’ dont NOTHING. They look at the cost in the USA(with the extra overhead) and SHIP it over seas, BECAUSE they think its cheaper..(THINK is the key word)
There are alot of jobs that went OVER seas, that could have been done in the USA, IF’ the corps had looked for INDIVIDUALS to do the job, insted of another company..
Net jobs, are pretty simple, to install and setup a decent web site. Even maintaining a site, is pretty cheap.

1 corp was looking for a company to do their website..they looked at all the companies, and decided to send it over seas, for about 1/2 the price. 1 manager asked for them to hold for 4-6 weeks for him to evaluate the problem..
He figured the costs and how many people he needed, and ran AD’s for designers.
He found that there were TONS of people that could/would take the jobs. He found he could hire Good workers, and still make a profit(not a big one, like the OTHER USA CORPS). He set up his own company and sent a Quote to the CORP. and got the job. NOW works at BOTH ends in the business.

You must understand..
CORPS/Companies dont PAY for anything.
rent/lease/utilities/water/Lights/GAS heat/AC/all of it, is passed on to the consumer. Including the TOP wage earners wages and TAX. WE/YOU pay for that person on top making $500,000+ and BENEFITS and retirement, and his GOLF FEES, boat, 2-3-4 house, CAR 1-2-3-4…

Hmeyers says:

#13 ECA

Pollution = hidden cost of good
Outsourcing = hidden cost of good
Offshoring = hidden cost of good
Excessive red tape = hidden cost of good
Underegulation = hidden cost of good

Pollution, outsourcing, offshoring, excessive government regulation and in some cases lack of government oversight all represent the same identical short term interest that lower the standard of living in the USA.

Yes, the rich do get affected by the CHANGE.

And, ALL CHANGE = opportunity for new people to take their place.

We will have entire categories of industries that previously were “uninterested” in heightened efficiency and lower costs.

And now, they will suddenly CARE about efficiency and lower costs, whereas in the previous world of wealth, no one cared about belt tightening.

ECA says:

15, nope..
we ship those problems OVER seas..
LESS jobs,

Less ship the CEO job over seas..