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What's Holding Back America?
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We have all made the mistake of leaving the economy in the hands of economists and bankers rather than leaving it in the hands of market forces. In short the usual process of reward/punishment for success/failure and jail for fraudsters has been sidelined.
Corrupt Kenyan prick!
Hillary'll take care of that tint of corruption
Two words: Unsustainable Debt!
THree more words: strangulation by regulation.
Four more words: Vote for Hillary!
They are all fooking fails to me, pretenders, and lying theives, at best...
One word - Fundamentals.
Nah...what the hell am I talking about fundamentals like resource constraints, and environmental degradation don't matter when you can print right? right?..........right?
Print -----> merge, aquire, buyback, pay dividends.
No problem
RC: I logged in just to up-vote you for your comment...
There never has been true and honest market forces in the american economy for 400 years. Slavery, Genocide of Americn Indians, Oligarchs, Corpratism turned Crony Fascism has been the evolution of the american economy from its very beginnings. No market force has ever existed other than control by the 0.1% so leaving it.........to some mysterious "force" is about as possible as eating your own farts. Sounds plausible but in practice there's no real substance which can sustain you other than a stale warm wind of ecoli molecules
We can't sit around waiting for a perfectly "true and honest market" or we will never get anywhere. We could get closer to free markets if we got rid of big government and were headed toward minimalist government. The so-called Robber Barons were not advocates of free markets; they used the overbearing power of government to achieve their goals. You can call it corporatism, crony fascism, or whatever you want. The government should never become big enough and strong enough to determine winners and losers in the private sphere. Such is the corruption and depravity of humanity that resisting this evil is a neverending task. But of course, in a society that decided "if it feels good, do it", what would you expect?
"As possible as eating your own farts"...you must not have grown up with 4 older brothers.
Spoken like a true F***ing socialist lib.
ALWAYS let "perfect" be the excuse for not doing better or for expanding government to make things "perfect" (or "fair"). What a phony pontificating moralist dweeb.
"Boo Boo" - his first words after mommy dropped him on his head.
you totally missed the point brain fart so go fuck a test tube, shit for brains
but as long as the central government lacked the power to monitor or enforce they could only harrass or persecute so many people or groups at a time. and of course the veneer of being a constitutional republic with Christian values had to be maintained or manipulated.
now, many worship at the alter of Big Brother, while government agents use taxpayer money on hookers, and drugs while waiting to cash out and join the very corporations they are supposed to be regulating, the politicians are all but openly taking bribes, the government ignores or enforces laws at thier convenience, and the public in general barely shrugs as the the NSA records every moment in a country where spending your own cash can get you arrested
in the past, the government was corrupt, but weak. Now, they are omnicorrupt and omnipresent
No, it was not mistake. Mistakes can be corrected when ones realize later. The current situation will never be correctd as american people continue to put them in power. It is stupid and igorant.
"economists and bankers"
stop being more specific than is necessary, and get to the real truth...
"jews"
Let us take it as read that Jews ARE the problem. What is the solution?
You could take out the members of the so-called Jewish Cabal that you assert is in control of the things that matter in this country/world. But to use a sports analogy, if you take down a "first string Jew," it would just be "next Jew up" to keep the team going.
So if you and your fellow travelers are being honest with yourselves, the only real solution is the same as Hitler's and the Nazi Party's: Kill 'em all, by whatever means necessary.
Glad that I could clear that up for the sane reader. Let the Jew-hater junking commence.
Fuckstains.
try being more specific
ashkanazi zionists
its a political and economic movement, not a race or religion
TPTB only WANT you to think that they are one in the same and that the only choices are genocide or submission.
it could be dealt with the same way the mafia, criminal conspiracies, or any other social deviancy is handled.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.jobs-review.com
We need to decentralize ASAP and return power to the local level and the people so people can vote with their money and their feet. Let the areas that are content with corrupt scum rot under natural forces and let those people with real skill, work ethic, morals and ambition thrive. Of course this means getting rid of the entire modern financial system so......never mind, carry on...
It's not what's holding America back...it's that what propelled America for nearly 6 decades was an aberration or akin to spring and summer...and that another season would invariably come, namely fall and winter. Of course if you kept planting crops in fall as frost set in and wondered why they didn't grow over the winter...people would call you a bit stupid...but that's what CB's and our leaders have done. The season of annual population growth of our core populations has ceased but we still pretend it's summer when we are entering winter...details below.
The reason WHY the Fed and CB's did what they and did since '08 needs better publicity. Why they changed from marginal manipulation via interest rates, etc. to outright "being the market" since '08...why the big change??? And once you understand the problem, you understand why the Fed's actions are criminal because they were never going to fix what was broken...this wasn't an emergency or a liquidity issue.
It was a "flow" (not "stock") issue of new consumers that killed an already very flawed economic model. The annual "flow" of new population growth in the US, EU, Japan, elsewhere generally peaked in the '80's and annual new population growth began ebbing. By 2008 in the US, the 25-54yr/old annual population change went negative. The sliding numbers of new consumers had been hidden for years by lower interest rates, more available credit (subprime, etc.), longer duration credit., etc. etc. But the '08 outright annual decline of the new consumers was too much.
The Fed and CB's had to "suspend the free markets to save the free markets" (but what they really meant was they needed to suspend free markets because what a market would have done is found real pricing between lots of sellers and declining buyers).
Everything now is simply trying to hide the fact we have shrinking consumer bases and will for a decade...and maybe for the rest of our lifetimes.
http://econimica.blogspot.com/2015/05/2008-was-tremorwhy-main-event-is-still.html
Oh, my God. Chauncy Gardner has an account here at ZeroHedge. Hey! I know. Let's make him president.
Hambone -> you trying to state the economy is in the dumps due to lack of young people ?! LOL
Have you been to Silicon Valley lately walk the hallowed halls of HP, Cisco, Apple it's wall to wall twenty something's from India and Asia.
QE has destroyed capital investment in the US, surviving large companies went off shore and hire off shore contractors from India aka Infosys and others on work visas. 20+% of US youth is unemployed or working in a food joint.
Google "technology malls Hyderabad India". You see all of the US Fortune 500 has all state of the art offices with 100s of thousands of local workers that used to be US jobs. Google "call centers Bangalore or Manila" another couple of hundred thousand US jobs gone.
Fixed it for you.
Hey 13th,
what I'm saying isn't simply a lack of young people but an annual peaking total population growth rate, followed by a decelerating annual growth rate, and then likely eventually outright annual contraction...for the 25-54yr/old segment the peak, deceleration and then contraction of annual population change in the US, EU, Japan (and so many more) all coincided with declining credit rates, higher availability of credit (subprime, etc.), and lengthening duration and type of credit (50yr, ARM, interest only) all to mask the population decleration until we hit outright contraction in populations and economic breakdown of the global economy ensued...no doubts you are also correct that at the same time manufacturing jobs have been nearly halved since peak, tons of off shoring (and im-pats), NAFTA, and huge gains in productivity and technology which have made so many jobs obsolete.
But above all in an economy that needs ever more consumers has had a falling number of jobs and population declines in the core...further decelerating demand...
That's why the US needs so many new immigrants!
American right wing propaganda. Sadly, so many on the right believe this shit.
Sure Obama sucks, but so does everyone in the federal government. The whole system is a corrupt joke. He's just the current (many decades) figurehead of rampant DC and NY parasites.
Agreed. On any side, the partisan mind is easily manipulated for other's benefit.
If it were only that simple. Really whats holding back America is that we shipped away what made this country great. I will always believe that NAFTA was the biggest blow to this country in the last 50 years. We didn't rise to greatness from bankster theft, the MIC or Obamanomics. We rose to greatness by designing things, building things and using our brains at a higher capacity then the rest of the world. Now, thanks to our pathetic education system that neither teaches how to think nor offer basic "design/make stuff" classes, were stuck with educated idiots that can't figure out which bathroom is right for them in elementary school. When our education system started to focus on what to feel instead of how to think...we were done.
Perot warned us about NAFTA, the establishment ridiculed him, and time has proven that he was right.
Now, we just need to get ready for an exponentially rougher buggering if the TPP passes...
TPP will finish us off. And most if that nasty thing is things besides "free trade". We went from being the most innovative country in the world to being the biggest consumers in the world. I've said it a million times: No manufacturing....NO recovery. It's just that simple.
I like your comment about manufacturing, this is correct. I'm 25, since i can remember my brain has always judged how America is doing by how much it is making/building things and selling them. I find it hard to believe that there are people out there that think you can have an economy thrive when nothing is produced.....How does a country become so brainless??? How in the fuck....
Assange has said that only 5 of 29 Chapters of the TPP are actually about traditional trade, and that it's more about corporate control. That and the fact that treaties supersede the Constitution tell us why they're trying to pass it before telling us what's in it. Where have we heard that one before? Scary shit...
http://www.realclearpolitics.com/video/2015/05/28/julian_assange_on_tpp_only_5_of_29_sections_are_about_traditional_trade_essentially_every_aspect_of_a_modern_economy.html
I think TPP is good. It's "free trade", who could be against that? It'll be so free 'n easy, everybody loves free! I'll be free to compete with Vietnamese workers with no house, no health care, toxic water to drink, oh I'm so happy! I'll be free to compete with Chinese factory workers who don't even get paid, they get lunch and the right to sleep on the concrete floor of the factory. Now that's free! When the corporo-fascist elite get a little too much free they'll just sue "sovereign" states for any future profits they might have made. We'll be free to pay license fees for medical procedures. Of course all internet content will filter through "free" US ISPs who will decide if it's free enough.
Brought to you by Obomba, and after Hilary's coronation we'll have an orgy of FREE!!! Whee this democracy stuff is easy!
November 12, 1999
"Today I am pleased to sign into law S. 900, the Gramm-Leach-Bliley Act. This historic legislation will modernize our financial services laws, stimulating greater innovation and competition in the financial services industry. America's consumers, our communities, and the economy will reap the benefits of this Act." - William J. Clinton
Shed Boy is absolutely right. In fact almost every economic and financial problem currently being faced by the US, and maybe Europe and Russia too, is directly rooted to the outsourcing of industry and manufacturing, mostly to China. While you could argue it's benefitted the Chinese somewhat, consider how their environment has been destroyed resulting in the world's highest, horrific rates of cancer and other diseases including birth defects, with the worst yet to come.
It's Exceptionalism.
I think it's the Detroit syndrome which is engrained across the country and within the structure of American society.Why would any country allow itself to be destroyed economically by having its manufacturing base sent overseas to communists who in turn buy up the national debt?Sounds very sick doesn't it?
If you think Obama is THE problem, then you don't understand THE system.
http://billmoyers.com/2014/02/21/anatomy-of-the-deep-state/
Bill Moyers has always been a cog in the Deep State machine. Expecting to learn anything useful from him is a fool's errand. You're correct, however, that Obama is more a visible manifestation of our problems that the root cause.
So, clearly you read the link but not the article. Your loss.
Mike Lofgren's book The Party Is Over: How Republicans Went Crazy, Democrats Became Useless, and the Middle Class Got Shafted is a good read too!
Perhaps you could remind us why the deep state was so desperate to pass the job destroying Obamacare? And why, despite their influence on the Republicans about defence spending they couldn't get a single Republican in Congress to vote for Obamacare? Or maybe that had nothing to do with the deep state and was all down to Obama and the Dems.
There are indeed plenty of serious institutional problems in the US, due to both sides of politics, but having someone who is anti the people of the US whose culture created the wealth and influence the US once had is guaranteed to make the situation far worse, as it has done.
Hes like such a small part of the bullshit that goes on, its not even worth it to mention it.
Its like sitting on the deck of the titanic, screaming at the cheff for an over-cooked steak while your table is floating and the lights are flickering.
Got younze a real bankster infestation problem now haint ya.
What's Holding Back America?
the entitlement state and all the parasites in and out of government living off the income earners
America's middle class is not being held back but pushed down.
The Trans Pacific Partnership will move the middle class one step closer to equality....with the global poorer class. Like NAFTA, its effects will take a few years to surface. Not quality but equality.
Dear Leader and his crony marxists
This caters to the idiots who think if we just changed to The Other Party everything would work as it used to...
Yep. And there can ever only be 2 types of "-nomics." One type establishes or initiates the use of compulsion as the means to govern human action and the other removes compulsion. Both dominant parties in the USA resort to the former while the latter has disappeared.
lol I can't wait for Hillary Nomics, Im sure that will be better.
Or
Bush2 Nomics
The most interesting to see would be RandNomics.
With Randnomics everything would either magically all work and we would enter a new golden age, or . . .nothing would happen any different than was going to happen anyway.
So really we have nothing to lose by going with Rand (assuming he doesn't sell out )
Welcome to Ramirez comics...I'm pretty sure the admins are experimenting with trolling
blaming the entire failing economy on one man is a little crazy.
Its decades of fractional reserve lending, fraudulent banking and financialization of every aspect of our lives, + the corporate aristocracy buying the entire political and judicial system that has wrought the failure we face today.
And despite all that, America is still # 1 in terms of raw amount of wealthy to moderate wealthy population.
The poorest guy on the street in America , is still 30% better off than the poorest person in any other country.
We can do better, but the judicial system and the tendency of government to intervene when aspects of the economy that should fail are failing and to prevent them from failing has created this problem.
All the corporations that would of certainly undergone bankruptcy in 2009ish should be liquidated broken up, the 2b2f banks need to be ripped apart piece by piece and smaller branches built on solid fundamentals should replace them... sound money is a start to repairing decades of corruption of our monetary system.
No other system for a nation is more important than the monetary system... because with a corrupt monetary system, all the other systems methodically become meaningless.
The judicial system is all but pointless given the current monetary model.
The executive branch is meaningless its just a PR position to keep the people from forming lynch mobs against the banks.
The Senate/Congress . . . lol yea its a dog and pony show more PR to keep people distracted.
THE PRESIDENT only has one course of action that he can take to do ANYTHING MEANINGFUL.
And that's simply attacking the banks.
Which will never happen.
Ever.
Because the banks are the owners of what people think is "their government".
Its a big club, and your are not in it.
They will let you work and acquire some small trivial level of comfort, something that can let you feel almost contempt. . . but if you try and infringe on their territory , namely their ability to counterfeit money to buy governments, military, castles, mansions and the like . . . the hammer of the government that they have bought and paid for numerous times over with your tax dollars, will come swiftly to rest upon you till you are driven into the dirt bewildered and unsure of who to blame.
America is the best country on earth, only the best country on earth could survive the bullshit we put ourselves through.
Putting bankers in charge really doesn't work. They will eck out a so called profit/gain/improvement quarter after quarter with some trick or another while the productive capability of the organization rots away.
Stop the trolling! No more Ramirez on ZH!
Margin Call (3/9) Movie CLIP - The Music Stops (2011) HD
http://www.youtube.com/watch?v=UOYi4NzxlhE (2:42)
Heck, I liked it. Funny and concise.
What is holding back the "animal spirits" of America?
People who do not want it to succeed.
People who insist upon getting their take off the top before they allow any human activity to proceed.
People who require that all economic activity funnels first through their hands, and then through the hands of their political supporters, and only then to the rest of society-- if anything is left.
Obama is neither the inventor nor a particularly adept practitioner of this art but he is certainly the current poster boy and an easy way to explain the difficulty in a single panel cartoon.
Rounding on Obozo misses the point that the policies that have destroyed the vitality of the US economy have been in place for decades. The national economy of the US has been sacrificed on the altar of globalisation and so called free trade agreements which has been the narrative that underpins the US empire. Unfortunately, globalisation has handed the baton of empire to China and created a debt mountain that will crash what is left of the US economy.....a double fail.
yes, it's called progessvism (stealth marxism) and it infects both parties. been around since1900's, and 0baMao has almost brought it to the final result: destruction of the US.
Laughable to think the party affilliation of a politician could change the course of a Depression.
America can't move forward because it's all ass backwards due to American Hegemony, Oligopoly, and greed, plus my boot is resting on America's neck, and there is no possbility that I will remove it unless the Corporatocracy/de Rothschild Bank forks over $30 Trillion physical gold bullion into my bank account so I can buy a round or two of drinks for all my friends on Internet, and a few ocean front castles to throw BIG parties in.