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randys1

(16,286 posts)
Wed Jul 16, 2014, 11:53 AM Jul 2014

How to make the US economy strong, again.

WE must create a system where most of what we buy we make here, and even then that wont last long as automation kills more and more jobs every year.

The way you do it is:

A. change the laws that now REWARD corps for OFF-SHORING jobs...

B. Create tax incentives and govt low or no interest loans for new start up companies which will manufacture televisions, cell phones, spatulas, door mats, electric fans, copiers, cars, light bulbs, tennis shoes and more right here in America.

C. Simultaneous with new start ups we increase tariffs on the imported products that we now make here, as this is a gradual process, will take 10 yrs to see real change.

I invite other ideas...

5 replies = new reply since forum marked as read
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How to make the US economy strong, again. (Original Post) randys1 Jul 2014 OP
Easing restrictions on banks giving loans to small businesses, lovemydog Jul 2014 #1
I am not sure about the local bank idea yeoman6987 Jul 2014 #2
Yes, I meant credit unions! lovemydog Jul 2014 #4
Why do we have rewards for off-shoring? IronLionZion Jul 2014 #3
Good points - close those loopholes lovemydog Jul 2014 #5

lovemydog

(11,833 posts)
1. Easing restrictions on banks giving loans to small businesses,
Wed Jul 16, 2014, 12:10 PM
Jul 2014

closing all tax loopholes for corporations that ship jobs oversees, individuals moving their money to local banks, consumer awareness and shopping at places that pay a living wage. Those are just a few thoughts.

I also welcome other suggestions. Have a good day!

 

yeoman6987

(14,449 posts)
2. I am not sure about the local bank idea
Wed Jul 16, 2014, 03:46 PM
Jul 2014

I have my money in Navy Federal Credit Union and it is in Texas. We do have branches in Maryland though. Are you wanting money exclusively in local areas?

IronLionZion

(45,442 posts)
3. Why do we have rewards for off-shoring?
Wed Jul 16, 2014, 03:51 PM
Jul 2014

that one never made any sense to me. What was the rationale for whoever passed that law?

There are a lot of laws that need to be updated to encourage job growth. But Congress will hold 50 more pointless votes to repeal the PPACA first, since its such a job killa! We need to modernize congress.

Candidates who promote job creating bills should be successful this election if they don't bungle the PR as they usually do.

lovemydog

(11,833 posts)
5. Good points - close those loopholes
Wed Jul 16, 2014, 04:27 PM
Jul 2014

and reward and update and encourage job growth. Run on it and publicize it. Thanks IronLionZion.

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