"At the end of the day, this is about building the middle class." -- Vice President Joe Biden in Columbus, Ohio
Photo by Tom Miller for Obama for America
sadler0, and 13 other people added this photo to their favorites.
+ Add
Barack Obama
Barack Obama
Member since 2006
- Taken on July 19, 2012
- 566 Views
- 1 Gallery
Additional info (show more)
keyboard shortcuts:
← previous photo
→ next photo
L view in light box
F favorite
< scroll film strip left
> scroll film strip right
? show all shortcuts
-
Photo license:
Some rights reserved
chicbee04 11 months ago | reply
It is about that, indeed...
We must put tariffs on offshored manufacture goods... They pay nothing to maintain our infrastructure that they use to transport, distribute, store, and sell their products. Our truckers and railroads can't pick up the entire slack of the lost income taxes from our vanishing middle class. Please stop echoing the ridiculous fairy tale dogmas of the fresh water economists. Your administration follows the same economists whose fairy tale dogmas got us into this easily predictable situation. You are definitely helping create a Chinese middle class. Your economists' concept of "efficiency" extends only to the factory floor. That benefits only multinational giant corporations. It does not include all the elements necessary for an efficient metropolis, including the infrastructure, city streets, electric power grids, support for firemen, policeman, teachers, and all the people who provide services to, and were part of, the vanishing middle class... Their definition of efficiency is only valid in teaching elementary school pupils the simplest of concepts in Economics 001. It is not worthy of a business school... Certainly not worthy of Nobel Prizes.
chicbee04 11 months ago | reply
One of the fairy tale economic dogmas is the belief that if you kill an industry in the USA and export its manufacturing facilities and train foreign workers, that a new industry will come to light here just when needed it to employ its "retrained" workers... This was and still is wishful thinking at best, and cynical serving of the foreign and domestic manufacturers who will heavily subsidize your Business School to promulgate and indoctrinate generations of blind economists. Even if new industries were to magically spring up on cue and as needed, why would they be produced here? If the natural place to manufacture them is established to be outside the USA, and the infrastructure and maintenance are superior abroad, why would anyone build a plant here? They will not, and they do not. This was obvious to me when I first heard these ridiculous ideas about forty years ago. I thought this approach to shedding manufacturing jobs here at home would lead to disaster, and it has done just that.
Can we recover? Yes, we could if we were to reverse our love affair with free trade. (Nothing is free. There is no free lunch.) A relatively quick recovery is possible, and is in fact likely, were we to shed our free trade freshwater economists and go back to nurturing and protecting companies who bring their manufacturing facilities, tools, and jobs to within our borders. Even I, a retired physicist, could show that the efficiencies for our society and for our middle class would be far greater than the currently accepted "economic model" that requires shedding our middle class jobs to Asian cities employing new workers from the rice paddies.
Larry Moran 11 months ago | reply
The solution to most of the world's economic problems is a return to debt-free currency. NO MORE NATIONAL DEBTS. Watch "the Secret of OZ' on youtube.
Banks should not be printing our currency. Governments should print the money. To allow banks to print our money, and issue it as interest-bearing debt, is to give away our national sovereignty.