You make some sound points. Spending is out of control. No doubt about that. However, I can't think of ANYONE in Washington that knows how to balance a checkbook properly, and I think Mitt would have a hard time too since he'd have to work with people that don't know how to balance a checkbook to pass his budgets.
dorminWS wrote:"Futuristic" development of robo-cars is ggod for a photo-op and some campaign material, but"futuristic" in this particular case means "no time soon". The negative impact Obama's policies are having on existing jobs and business are "RIGHT NOW". Even if the "futuristic" stuff actually happens (which it certainly has not, in the case of so many of Obama's "green initiatives), the fact that my children or grandchildren might get a job when they are grown does nothing to pay the bills right now when they must be fed.
Whereas you think this recession is a government problem (too much taxes, regulation, etc), I think of it as a corporation problem. Corporations (banks for the most part) took their hands off the wheel which led to loose credit, debt driven consumer spending on credit cards, and a housing bubble that burst. The economy needed to make a necessary correction, which it has. The problem is that no one wants to deal with the pain and they want to go back to the times when it was fast and loose because it was more fun then. That's not gonna happen. I do think the government goofed by doing the bailouts. You make dumb decisions as a business then you should go under, not get handed more money.
There's nothing that Bush, or McCain, or Obama, or Romney can do that is going to make this pain go away. There is no government solution that is going to fix this problem (and pumping more funny money into the system is making it worse). This economic correction has to run its course and you and I are just gonna have to trudge through this like the Japanese did during the lost decade. HP isn't laying off 27,000 workers because of government regulations. They're laying off 27,000 workers because they're sales are in the crapper and no one's buying their junk. Yahoo is laying off another 2,000 employees (their sixth big cut in four years). It's not because of government getting in the way. It's because no one is using their products and services. Apple is a huge company, but they're not doing mass job cuts and they have to deal with the same taxes and regulations as everyone else. The difference is that there's a demand for their products and services! As a small business owner I'm not hiring people. Not because the government is in my way, but because demand for my products and services has gone down. All I can do is make sure my business is the right size for the current economy and trudge through. When demand picks up, and only when demand picks up will I look at hiring.
dorminWS wrote:The deal to incentivize and facilitate startups is OK as far as it goes, but given the economic, legal and regulatory background existing today, it's like spitting in the ocean. The vast uncertainty Obama has generated about what liabilities might attach to a new employee with respect to taxes, benefits, regulatory burden, and employer liabilities has every employer who's been awake for the last few years scared to death to hire anybody unless there is no alternative.
I agree that it is the government's job to provide a level of stability when it comes to these issues. And who is providing the instability? Congress. Once again, doesn't matter what president you have in place it always hurts when you have to work with these bums. To go down to the wire on every freakin vote (budget, taxes, benefits) just shows ineptitude on their part. Term limits so there's no such thing as a career politician and vote all of them out. Good luck with that!!
Even in Utopia where all of those things are sorted out, it's still not the large corporations that are going to do mass hires. No CEO is sitting on the sideline thinking "I'd hire 10,000 more people for my company if Congress would just lower my regulations and cut my taxes." It's the millions of US small businesses that are going to pick up one of two people each when demand for their products and services justify it. Small businesses always do the bulk of the hiring during crap economies but yet people look for big corporations to suddenly want to do mass hires. History has shown that doesn't happen, so why would it start now?
The Brookings Institution did a nice piece about the state of small businesses today and that since the Great Recession small business owners had poor sales as their top concern.
http://www.brookings.edu/research/testi ... ness-bailydorminWS wrote:And this country is not and has never been, tried to be, or wanted to be like the rest of the world. Why should we start now? The Obama crowd probably won't be satisfied until we scap the dollar and join the Eurozone.
I think what's going on in the Eurozone proves to a lot of people that a one-world currency wouldn't work out. If other countries want to accept US dollars while still maintaining their local currency, that's ok with me and would be a great show of strength for the US dollar.
I'd be interested to know what you think.