I want JFK back!!!!!

 

This is why I like you, Raoul, Matt and Kobi (whenever he is present)......it is nice to read posts that are actually factual....and not just speculation or "fear-mongering".............not to mention worthless banter like JJG052590 or Mountaineers posts....

 

This thread is beyond my paygrade.
From what I've read here, I believe two Senators and at least one Cabinet member have already posted.

 

I'm too far behind on this one....I'm just gonna let it go.

Honest political debate is impossible anyhow when

Bush = Good & Clinton = Bad
or
Clinton = Good & Bush = Bad

are the only operating parameters.
I cant work within those constraints...neither does reality but what the hey...



oh and thanks Bill

 

I believe the numbers that you cut and pasted were not your numbers but the Administration numbers possibly bending them in their favor. Now when I post on this site I try to do it from memory. I don't do a search.

My first mortgage was in 1983, two and one half years after Reagon took office. It was 18 %. Now is that because of the previous Carter administration. Many Republicans will say yes. Now when Clinton left office mortgage rates were in the 6s. Were those low rates from Clinton or G Bush 8 years prior or Ronnie 12 years prior? Rates are around 5 now I believe. So what admistration do the Republicans give this credit to?

We all know through history that wars create jobs. So we can then assume that the 2 Bushes have created jobs because of their wars. What are the unemployment rates today? The true unemployment rates that is. Once your unemployment benefits run out you are no longer considered unemployed for the Governments statistics. I will honestly say that I have never read so much about jobs being moved overseas like I have under this administration. George Bush thinks the Minimum Wage is too high. $5 and some change too high? I would assume that most F150 owners are Blue Collar. GW doesn't care about BC. He wants to keep the illegal immigrants in this country to do their jobs. Republicans were never pro labor in my experience.

But I can retire now and my nest egg is there. You people that still have to build one? Good luck.

Getting back to the numbers game. I can take everyones age on this site and come up with an average age that has different results. The government is very good at this so "their" numbers mean little to me. GDP is another game of numbers. Real numbers are boarded up houses and businesses along with reposessed autos.

 

I'm not even going to try to argue about what unemployment rates are or aren't. What I will say though is why is everyone so quick to think that moving jobs overseas is a bad thing. The thing you need to think about is comparative advantage. Jobs that we move overseas are done so because that country has a comparative advantage to us in production. However, no country has a comparative advantage in all industries. When jobs are moved overseas, this frees up labor in our country for industries that we have a comparative advantage in. We now have the ability to consume the first product for cheaper, and produce more of the second product that we have a comparative advantage in. I understand that labor is not completely liquid and cannot therefore transfer between industries without some re-training. It sucks for those that lose job to someplace overseas. But what it means is it has created opportunities in other areas.

I just tried to sum up a 500 page text on International Econ in one paragraph, so I know you will probably have questions on how this works. Or you may just blow it off and say that this has no relavence in the real world. Either way, whatever.... just know that there is another side to the story.


Edit: Oh and the administration that you can thank for the low housing interest rates is the Al Queda (sp)/Taliban administration for sending us into depression. Its not administrations that dictate that anyway its the Federal Reserve, which has been headed by Alan Greenspan since the Regan Administration, up until very recently. The Fed dictates interest rates, the administration has about as much say in it as you or I do.

 

The Feds, former Greenspan, does set the rate at which banks borrow but it all comes down to the economy. But it is a double edge sword. Low mortgage rates result in inflated prices. Raise the rates and house values go down. I bought at 18% which meant my house was cheap. I sold less than 4 years later when rates were around 8%. The result was a 300% profit in under 4 years.

Moving jobs is a bad thing if one of the jobs is yours. Attrition is one thing but losing ones job to another country is another. Plus it is a lost job for future employees.

I'm glad I'm not starting out. I've been very fortunate. But I credit my success to the military. Now I worry about my sons futures. I don't like what I see.

 

"Wall Street sees bulls as Dow Jones industrial average again ends at highest level since 2001"

for those that think the economy sucks....

http://www.foxnews.com/story/0,2933,188221,00.html