But I do see the value in a balance between unions and management. It’s just that we are in a period of housing deflation, which was caused from the housing bubble bursting. Frankly, I'll give myself a pat on the back for recognizing the housing bubble and the over-all weak state of the American economy way aback in 2004. What I saw was an American economy based solely on inflated housing prices, low cost of electronic devices because of the regulated Chinese monetary system, and the BRIC countries pushing up commodity prices so our CAT, Deere, and other agricultural industrial exports and fertilizers along with aluminum (Alcoa) and steel producers were thriving. I called it a false economy because I felt the U.S. did not have enough going for it in other trade exports and other thriving U.S. industries that were not directly linked to the housing market. Interest rates were also kept too low for too long. Greenspan really missed it on that call. We needed to raise the rates so banks and other industries got better return on loans and decreased the housing market to avoid the bubble. We could have used a stimulus plan or cut spending in Iraq or maybe better still, used some of that freakin’ Iraqi oil we captured. But no, instead we had low interest rates and run-aawy money schemes. I think car companies flopped because for years they have been practically giving away cars to keep sales up, and I state giving away because of union pay and pensions creeping higher, higher cost of copper and steal, and sale prices that were kept too low. Put zero down and 9% interest of that for 5 years and where is the money? It turned out to be a disastrous business model.
And pensions? Isn’t a pension really only as good as the company that is funding it and thee companies that insure it? Right now, a lot of those pensions are in bad shape because both the companies that carry them and the insurers that insure them are not healthy. That, plus the pension funds have no rate of return and no safe investment strategies.
I think my gripe against unions is that unions should be reducing wages and pensions to save their own pension system. I mean what a crying shame for those workers who live on a fixed income and are too old to go back to work. But do unions consider them? I don't really think so, at least not without a fight to keep wages up. I think a lot of loss that cannot be recovered from is happening because of their slow reaction to this downturn
We are in a period of housing deflation, which takes up most of the money made by most Americans. Deflation should mean everyone is expected to take less and no, everyone who blew their bubble home equity loans early cannot come back and say, "We need more." That to me seems to be the same type of greediness that banks and other institutions are being rightfully accused of. I mean really, this to me seems like the all too typical human behavior of grab and growl but politicians are trying hard to disguise it using platitudes, statistics, clichés, and outright lying to the public. Not everyone can escape the pressure of this housing deflation but if people do not cooperate better in both the private sector and the public sector, including unions, we are just going to see what happened in the Carter administration all over again; print money to the point that we create rampant inflation. If we inflate our way out of this mess, retired workers will sure get their pensions, the trouble is, they won't be able to afford much with it. No one on fixed income will. With the biggest group of retirees on the horizon, that could be an even bigger disaster and could even usher in a real state of American socialism. Back in the U.S.S.A. baby.
And what's wrong with socialism? A lot, if you ask me, but even if people voted for it, wow, how ironic that would be, voting for socialism, we're America... and we don't know a damn thing about running a successful socialist government. I mean we can't borrow ideas from the Soviet Union, because partially thanks to Reagan, there is no Soviet Union to base a system on. Besides, from what I heard about the U.S.S.R., it wasn’t even a nice place to visit, let alone having to live there. So what do we do other than become a follower of China? I mean right now China is 4x our size in population but still only has 1/4th our GDP; however, China GDP is growing at 8% per year but for China, they need that much just to not go into a recession. That’s due to their enormous population. What China has as an advantage over the USA is that they are a country of population density between 25 and 40 while we are more like 50 - 65. So while their socialism will work for the workers, ours will have to work for the retirees. And if socialism in health care brings us more of the present Medicare system, well, that is not even close to an improvement.
Finally, I don't think Obama gets simple math. We are going through unprecedented layoffs in the private sector but get this; our government actually grew over this same time period. Now I'm all for boosting employment but this is stupid. The math is upside down. For many years, most states and the Federal government have been working on a deficient spending model but it has been less of a monster than what Obama is proposing.
Private Sector vs. Government Sector expressed as 8 < 10
Now screw with the formula as it has been screwed with lately and we get:
8 - 2 < 11
And who, pray tell, is supposed to bailout all these new government jobs?
This is why I'm so down on putting so little stimulus into building infrastructure, only 50,000 billion of the nearly 1 trillion to be spent under the Pel-lousy Plan. But she and Obama are more than willing to spend several billion right away on health care reform, which to me just looks like another Carter welfare package. And there will be no near-term private sector jobs to pay for it, either. He'll have a tremendous amount of layoffs at insurance companies and the decrease in revenue in that sector will deteriorate pensions and cause vast increases in auto and home insurance policies. Oh but that’s right, our 13-dollar a week middle-class tax cuts will take care of all those increases. Yeah, right.
I still state we need another Ronald Reagan at the helm, a man with a big plan. What we have is Obama, a man with a big mouth. And it still gets me that the news media states he is such a great orator. You want a great speaker? Well, (OK, pun intended) go back and listen to Reagan or even Clinton. Obama, please, he hesitates in his speech even more than George W. Bush did and if you haven't noticed it yet, Obama's catch phrase is starting his reply to a question with the word, "Look..." That to me indicates he is a poor leader. Great leaders do not start by inferring that people are too stupid to understand what is going on. "Look you idiot" "Look here!" Even Clinton stated Obama was not doing a good job of boosting confidence in the American people and that is a lot of what we need along with a good capitalist working business plan to get investing back in America, confidence.
I’m OK with Obama’s ideology to spend money on green jobs but they need to be practical and his are not. I mean in WWII we didn’t strive for innovation; we built easy to make ships, and a lot of them. Our production was outstanding, probably because we didn’t have unions, oops, cheap shot, sorry, anyway, I worry that we will spend money on stupid stuff like electric cars that get 10-miles to a charge and because wind is so inefficient and Obama won’t build nuclear power plants. So under Obama, we are likely to get cute little cars that end up polluting more than our current gasoline vehicles do because we will have to ramp up dirty power plants to charge them all up. I do agree with Boone Pickens that natural gas is a far smarter way to go and it really is green and green, now. I bet we could have a plan to convert all vehicles to natural gas over the next 10-years and create jobs in the process. Oil companies would have to be part of that change but they are closely associated with natural gas, so it wouldn’t be as drastic a change as changing to batteries and electricity. But natural gas isn’t a forever commodity, either and what I’d like to see is a current 20 year R and D program to find more efficient ways to generate electric power, including the research on nuclear fusion. If we come up with a better solution, I’d like to see it phased in then and phase out the natural gas vehicles in an orderly fashion when the proper time comes.
As far as the mess we are in, sure, it is due to the mistakes of the past administration and the failure of the Democratic congress to put the breaks on the housing bubble. Personally, I never liked Bush because I believed he neglected the welfare of the United States and I think his fear of terrorism was grossly overdone. I dislike Obama because I believe he only cares about creating a welfare nation and will just shift the war from Iraq to Afghanistan. I mean come on, people say Obama is like FDR, really? Well 16 freakin' years of FDR didn't get us out of the Depression, WWII did. I state come on American, get some decent politicians to run for office and if you want to improve education, start with teaching kids what to look for in a leader so we stop electing idiots.
PS: I don’t expect anyone to agree with me. It’s just in these times of economic trouble; I find it cheaper to pay N54 $75.00 bucks a year to rant hear instead of paying my therapist 175 and hour to rant there.
PSS: Sorry Blondie, no offense on the Indian thing. I mean you and the chief are welcome to occupy the condo next to mine, anytime. Hey, we don't even need air conditioning out where I live. I mean I'd share a condo out your way, but let's face it, where you come from the only thing you don't need are frying pans!
|Response Title||Author and Date|
|OK, then why pick on OBama? Bush was here first!||on Mar 8|
|Sending up smoke signals...||Blondie Indian Princess on Mar 8|
|* That's OK cause you already have the Interest.........||on Mar 8|
|Because as much as I hated pounding my head up against a brick wall for 8-years...||on Mar 8|
|I agree with you on the banks and raising the Interest rates||on Mar 8|
|The Republicans really need to get a moderate voice...||on Mar 8|
|It's always a Power thing. Forget history, they got power!||on Mar 9|
|* Please do not use the acronym for: Socialized Health Initiative Tax on the forum.||on Mar 9|
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