Our economy will be in a free fall until....

[OhioChick]

People have JOBS with decent wages and health care. In the meantime, I feel that bailout after bailout won't do a damn thing in the long run.

Why aren't these issues being discussed on the M$M?

Cleveland is a good example, as I had said earlier.... Most in Cleveland that foreclosed on their homes did so due to job loss, not the sub-prime crisis.

[billyoc]

1. 'Cause that's class warfare!

:rofl:

[yourout]

2. Thom Hartman has said as much.

The problem is NAFTA, CAFTA, and all the other trade bills have gutted our manufacturing base and now that the genie is out of the bottle how do we put it back?

[OhioChick]

4. Exactly.

People will continue to lose their jobs/homes until something is done with the employment sector.

[ChromeFoundry]

16. Totally agree...

We have very little new technology and close to zero manufacturing in this country to fall back upon. We will not be the self sufficient survivors as in the days of the Great Depression. This will be a rude awakening for the American's that brought this mess upon us all. A global economy does not encourage stability, it encourages more corruption due to the inability to regulate it and force transparency.

[ixion]

3. yep, I agree

the way to solve this is to do things like encouraging alternative energy adoption (which has been thwarted). Giving money to the finance industry only makes things worse, and it makes no jobs.

[slipslidingaway]

5. Agree K&R n/t

[TexasObserver]

6. If the DOW falls below 10K tomorrow, the public will clamor for a bailout bill.

[ChromeFoundry]

20. and if a bailout passes on Thursday...

on Friday a revolution will have started that will not be fully realized until 3 months time, when Wall St. needs another bailout when the rest of the dominoes fall.

[OhioChick]

21. That's exactly my point. n/t

[TexasObserver]

28. That does not matter. The only thing that matters is the bailout have widespread public support.

Until it does, it should not be passed. Once it does, it should be passed. This is a representative democracy, and that's how it works.

[ChromeFoundry]

31. then we should be getting ALL the facts

not just the bastardized intelligence provided by the stakeholders that proves to benefit them the most. Scare tactics are what took us into battle. Once the public knew that the intelligence was skewed, the support was no longer there. Can the taxpayers save the 700 billion dollar receipt when we all find out that this had been the projected outcome for many years, and they knew it? The economy cannot be controlled by throwing more money into the blender, it just takes a little longer to chew it ALL up.

This is not a time for a knee-jerk solution based solely on fear.

[lonestarnot]

7. I think people are still in shock from the awe.

:(

[MadMaddie]

8. And that's why it is imperative to get Obama in office

he has no choice but to implement a "New Deal for Ameria", and get rid of Nafta and Cafta.

[OhioChick]

10. Not to mention

Outsourcing/Offshoring. They're all killing the U.S. worker.

[dapper]

15. insourcing...

sheesh... in my field, companies are not hiring employees full time, they are hiring people through "Consulting firms" and "temp firms" for days, weeks or months at a time.

We need to stop outsourcing and insourcing...

Dap

[ChromeFoundry]

25. re: just to clear up insourcing...

Consultancies do offer expertise in specialized areas that some companies cannot afford on a full-time basis. I do totally agree with you with the current trend of running a business based on staff augmentation, and the influx of foreign workers recruited for short-term capital gains.

An analogy would be a brain surgeon brought in to perform a specialized surgery in a rural hospital where the patient health would be jeopardized if relocation was attempted. The rural hospital staff should be included, or at least allowed to observe the procedure to fully understand the process of the procedure. This will benefit the staff knowledge and promote better patient care in the future.

[Union Thug]

9. You are spot on. Thank you for saying this. n/t

[ChromeFoundry]

11. You are right, a bailout just slows the bleeding...

...until all veins are completely run dry.

The market has its own way of adjusting itself. If you abuse a dog long enough... he's gonna fuckin bite you back.

[OhioChick]

13. Good Analogy.

:thumbsup:

[ColbertWatcher]

12. Nancy Pelosi learns her place and talks nicely to the GOP men?

Actually I like your idea better.

[Greyhound]

14. Threads like this give some assurance that not everybody is as hopeless as it often seems

Some people are paying attention and are not so easily swayed from what is by what they are told might be.

Maybe this mess will create more.
:kick: & R

[Azlady]

17. My hope is

that people are working in the background, creating bills, getting them passed and ready for Obama's first signatures .... top of the list... Bringing our jobs home, NO more outsourcing... Gosh I hope so.

[OhioChick]

18. Fingers Crossed....

Welcome to DU! :hi:

[Azlady]

24. Thanks, nice to be here n/t

[Greyhound]

33. Any economy has to make/create something.

Made in the USA used to mean that it was the best there is. Our stuff always cost more, but people all over the world paid it because quality is less expensive than cheap over the long haul.

The Japanese automakers started exporting cheap shit here and were insignificant until they started building better cars that still cost less. Unfortunately the typically myopic republik administration refused to address the cheating by the Japanese and the US automakers chose to try to compete on price instead of innovation and quality.

Anyway, there are several alternative solutions to this fiasco that have already been proven effective and potentially profitable, but are politically inconvenient (read the big donors don't like them), so we don't even hear of them except in places like DU.

Welcome.

[marmar]

19. That's far too rational and sensible reasoning for this anti-rational age....

America could use a healthy dose of European pragmatism right now.....

[TxBlue]

22. It Ain't Rocket Science

This is exactly right. Give people back the decent paying jobs - not just McJobs - and voila! mortgages, credit cards, etc get paid.

But everyone talking is worried about Wall Street. Well, it's gambling and it's fixed. Time for people to get back to Main Street and local/national economy.

[OhioChick]

23. Quote:

"Give people back the decent paying jobs - not just McJobs - and voila! mortgages, credit cards, etc get paid."

You got it. :thumbsup:

[Azlady]

26. :applause: You got it

Bring back the jobs.... people can pay their bills, buy things. BRING BACK OUR JOBS

[lligrd]

30. I'd Like Some Anti-Usury Laws Put Back Into Place Too nt

[TxBlue]

27. Not only Jobs will help

the defaults on mtgs, cc, etc but people will invest which can trickle up to Wall Street...so it helps greedy Wall Street.

BushCo just got too greedy and showed too much of their hand after screwing the country over with patriot act, spying, torture, etc.
etcetera, etcerta.

God help them cuz they will burn in the lowest circle of Hell.

[Waiting For Everyman]

29. You're totally right, but nobody hears it.

The media made up a meme and ran with it. The subprimes were only the initial weakest link which started the cascading of foreclosures.

And it has a lot to do with banking practices which are absurd... like charging ANYONE high rates when money goes to banks almost FREE. Like "tranching" mortgages into solidified, unchangeable, worthless bits of paper. Lots of abusive banking practices and laws did it, built up over time, by letting lobbyists actually rewrite our laws.

They all need doing over, with some common sense, fairness, and practicality.

[ihavenobias]

32. Who can argue with that?

I can't.

:)

[OhioChick]

34. Morning Kick!

:kick: