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Coffee Shop
Wal-Mart --vs-- The Morons
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<blockquote data-quote="Douglas" data-source="post: 847218" data-attributes="member: 8840"><p>I actually don't think that is true. We manufacture more in this country than ever before. We just do it with machines and less people. We import the things than require unskilled labor like small assemblies and garments. What is killing our economy today is the lack of new construction. Housing market is dead and ain't coming back for a while. The government and their agencies poured money and regulations into the housing markets with predictable results. It is real easy to try blaming our problems on Wall Street, foreigners, big business etc. If we would just take a good look at unnecessary regulations on business, subsidies to not work or not farm, tax structures that encourage companies to move off shore, and incentives for the wrong things, I believe we could pull out of this mess. Just as an example, trillions in cash belonging to US based companies are held in overseas banks because they would trigger corporate tax at 30-40% if moved and used in the US. That is a source of capital that could reduce our dependence on foreign debt. It could also be used to modernize our facilities to be more competitive. We don't build gas refineries anymore because it easier to do it in the Caribbean and bring the gas in. We don't build nuclear plants for reason you well know that could lower our utility bills and reduce the cost of manufacturing. In short the enemy is us. Times were good for about 30 years and we built up a welfare state and bloated regulatory and tax structure that is killing our competitiveness now. See the ethanol boondoggle as another example. We are financing university educations for skills businesses don't need, yet we don't have enough registered nurses to care for the elderly. We produces a lot of lawyers yet can't find a decent plumber.</p></blockquote><p></p>
[QUOTE="Douglas, post: 847218, member: 8840"] I actually don't think that is true. We manufacture more in this country than ever before. We just do it with machines and less people. We import the things than require unskilled labor like small assemblies and garments. What is killing our economy today is the lack of new construction. Housing market is dead and ain't coming back for a while. The government and their agencies poured money and regulations into the housing markets with predictable results. It is real easy to try blaming our problems on Wall Street, foreigners, big business etc. If we would just take a good look at unnecessary regulations on business, subsidies to not work or not farm, tax structures that encourage companies to move off shore, and incentives for the wrong things, I believe we could pull out of this mess. Just as an example, trillions in cash belonging to US based companies are held in overseas banks because they would trigger corporate tax at 30-40% if moved and used in the US. That is a source of capital that could reduce our dependence on foreign debt. It could also be used to modernize our facilities to be more competitive. We don’t build gas refineries anymore because it easier to do it in the Caribbean and bring the gas in. We don’t build nuclear plants for reason you well know that could lower our utility bills and reduce the cost of manufacturing. In short the enemy is us. Times were good for about 30 years and we built up a welfare state and bloated regulatory and tax structure that is killing our competitiveness now. See the ethanol boondoggle as another example. We are financing university educations for skills businesses don’t need, yet we don’t have enough registered nurses to care for the elderly. We produces a lot of lawyers yet can’t find a decent plumber. [/QUOTE]
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