tax cuts to the wealthy and a lack of corporate tax enforcement partially caused this crisis. They should do the opposite, direct any tax incentives towards the middle and lower classes and small businesses and tax the rich till their balls bleed, eisenhower style. And to make sure this doesn't happen again, reintroduce all of the protection reagan destroyed and make far reaching corporate crimes and election fraud capital crimes.
__________________ Land of the free, home of the brave...
Do you think we will ever be saved?
In this land of dreams find myself sober...
Wonder when will it'll all be over...
Living in a void when the void grows colder...
Wonder when it'll all be over?
Will you be laughing when it's over?
As much as i tend to disagree with George Galloway (Scottish politician) his idea was sound to help countries through the economic down turn.
Instead of using money to prop up the financial institutions (money which was actually supposed to increase lending and further fuel debt) why not solve unemployment problems by puting the money into huge infrastructure projects in order to future proof the country
completely revamp the internet infrastructure so that it is entirely the fastest possible fibre optic system.
rebuild highways so that they can handle the ever increasing amounts of traffic.
invest hugely in alternative energy so as both to create jobs in the development and building of these technologies as well as hitting vital emmissions targets
build or rebuild docklands areas to increase capacity for import and export
rebuild the railway network to allow faster trains to operate.
all these ideas would mean jobs being created as well as making the country more efficient and better prepared to be economically competitive in the future against rising countries like China and India
Not only would it have that affect but it would also mean training a lot more skilled workers instead of having unskilled service industry mcjobs.
The economic conditions will be like this for nearly an estimate of a year or so, it may also go down to lowest levels. Then it has to come up back to heights.
Obama has also emphasized similar plans in the next four years. I do agree with those.
Oh and it should always be kept in mind that the deficit is not "the economy" (as was mentioned just a moment ago). Even most of my peers in college get this very confused.
__________________ "Where ignorance is bliss, 'tis folly to be wise." - Thomas Gray
Gender: Male Location: I know where I would like to be
how bout beer at that time beer wuz a type of luxury...from what I heard...no not that old wasnt there..lol..oh edit: I was talking about hooversville time
__________________
Last edited by Jack Daniels on Jan 30th, 2009 at 06:15 PM
But what the American elites want is no middle class and most of the population earning $2.50 an hour and constantly sick and dying in order to reinstate a feudalistic system. How's doing any of that going to help them?
__________________ Land of the free, home of the brave...
Do you think we will ever be saved?
In this land of dreams find myself sober...
Wonder when will it'll all be over...
Living in a void when the void grows colder...
Wonder when it'll all be over?
Will you be laughing when it's over?
Because you can't pay skilled worker 2.50 an hour...skills such as those needed to rebuild infrastructure and in manufacturing are required all over the world...other countries are bending over backwards to let in skilled migrants.
So what you'll end up with is a completely unskilled country that relies totally on imports because it doesn't have any skilled workers to manufacture stuff for export...meaning that the US will completely crumble and the alleged "elite" will have effectively destroyed their own country and their own wealth.
KMC Community Forums
The Current Crisis
Jan 29th, 2009 11:21 PM
at that time beer wuz a type of luxury...from what I heard...no not that old wasnt there..lol..oh edit: I was talking about hooversville time
