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Originally Posted by ijusluvit
Hey, we agree again - on the adult discussion part. I'll just add one comment about private enterprise. I believe the two largest single factors in not realizing a substantial economic turnaround are 1) the choice business and private investors are currently making to sit on TRILLIONS, and 2) the continuing pattern of outsourcing jobs and production. Private enterprise is wonderful, and ideally the far greater source of economic growth, but we are confounded by the fact that investors can freely choose not to invest, or to invest overseas. Romneylovers and conservatives revere the sacred job creators while folks like Warren Buffet actually are more correct when they characterize current actions of the job creators as harmful and unpatriotic.
More on taxes later.
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Think tax revisions ! A corporation, imagine your own business, will go where ever they can turn the largest profit and will expand when the environment is friendly for that expansion.
Like it or not, you would do the same exact thing if you owned a business...right or wrong..they will not be enticed to grow and create jobs if the Federal Government is going to put the money in. It may not be the perfect solution but it IS how we grew to this point and we cannot afford to do anything except what has served us well in the past.
The outsourcing was made worse by NAFTA....I personally was involved in closing a facility and moving it to Mexico when that happened, and the savings were huge for the corporation I worked for. Again, not saying what is right or wrong but just stating facts. When Clinton did NAFTA I think he really believed we needed to be more global. It still is....corporations will establish growth and hire people in the environment that is the most friendly to them. If you are going to invest, millions or billions, THAT is just a fact and anyone who says they would do it differently is just flat no telling the truth. In our system, they are responsible to the stockholders to turn a profit !