[tedquick]

Originally Posted by rubicon

There are two ways to grow jobs, the right way and the wrong way. for the last six years the only segment growing has been government. When government grows essential resources are used up to produce nothing while taxpayers burden is increased. Not only is growth and production stopped so is innovation Central planning as seen in the FED (central banks) have yielded Wall Street a 75% return while starving seniors. With all of government's monetary policy they have been unable to life us back to robust GDP despite the fact the recession ended 2009. Government has therefore decided that housing is the key to lifting the economy and has ruled the same irresponsible underwriting practices to secure a mortgage setting us up for a second housing bubble.

The only way out of this mess is to return to market basis activity. This will require government move out of the way (meaning dropping costly and time consuming regulations) and let enterpreneurs thrive.

Now this is not political its simple economics

Rubicon, you are dead nuts on!! It really is almost too simple. We, the producers, make the products that the market place purchases. The government taxes the producers. We pay the taxes and the government wastes most of it. We make it. They take it. We are the makers and they are the takers. They produce *nothing*! While there are certain programs that are needed, primarily that of protection, the government has gotten terribly out of hand. It has become a breeding ground for power and wealth; power over the people and wealth (that you and I generate) which they misappropriate into their own pockets.

As we've all heard I'm sure; "our government is the worst in the world except for all of the others".

Private industry creates the jobs and expands the economy. Government takes from production and adds to its power and base. Our economy will never truly recover until and when we downsize the monster that we've allowed to metastasize.

[Sandtrap328]

Originally Posted by tedquick

Rubicon, you are dead nuts on!! It really is almost too simple. We, the producers, make the products that the market place purchases. The government taxes the producers. We pay the taxes and the government wastes most of it. We make it. They take it. We are the makers and they are the takers. They produce *nothing*! While there are certain programs that are needed, primarily that of protection, the government has gotten terribly out of hand. It has become a breeding ground for power and wealth; power over the people and wealth (that you and I generate) which they misappropriate into their own pockets.

As we've all hear I'm sure; "our government is the worst in the world except for all of the others".

Private industry creates the jobs and expands the economy. Government takes from production and adds to its power and base. Our economy will never truly recover until and when we downsize the monster that we've allowed to metastasize.

Sounds as if some posters may need to retake Economics 101.

[Bonanza]

It amazes me that only 37 seconds taken out of a speech --
a speech which obviously was much, much longer --
created all these comments, most of which are negative.

I have not been able to find "the rest of the story,"
i.e., the entire speech, which in my mind,
is the only fair way to make any kind of comment.

[l2ridehd]

I found and read the entire speech and it scares the H out of me. How can supposed to be smart people believe in such garbage? Socialism does not work. Fails or on its way to failure everywhere it has been tried.

Private industry and small business create jobs. The only reason business moves jobs off shore is competition. If my competitor does it and I don't than I will fail and go out of business. Unless .... Anyone care to guess?

It's called corporate taxes. We have the highest in the world. Lower those to zero and other countries would be moving their jobs here. Yes some jobs belong off shore for the cheap labor. But we have moved skilled labor offshore to lower corporate tax impact and improve our ability to compete in the global economy.

Even our government who complains about off shore job movement, moved 15,000 highly skilled jobs from the US to Russia when they canceled the shuttle program and moved all NASA maned space flight to Russia.

We need less government, not more. As our government has grown, our ability to improve our way of life and standard of living has declined. And that trend will continue if we don't reverse the growth of government. Our bloated government is the problem, not the solution.

[JudyC]

All this sounds like a subtle political commentary to me. I would hate to see Talk of the Villages become a place for this commentary- there is more than enough vitriol
to go around on other outlets. Keep it about the Villages!

[graciegirl]

Originally Posted by l2ridehd

I found and read the entire speech and it scares the H out of me. How can supposed to be smart people believe in such garbage? Socialism does not work. Fails or on its way to failure everywhere it has been tried.

Private industry and small business create jobs. The only reason business moves jobs off shore is competition. If my competitor does it and I don't than I will fail and go out of business. Unless .... Anyone care to guess?

It's called corporate taxes. We have the highest in the world. Lower those to zero and other countries would be moving their jobs here. Yes some jobs belong off shore for the cheap labor. But we have moved skilled labor offshore to lower corporate tax impact and improve our ability to compete in the global economy.

Even our government who complains about off shore job movement, moved 15,000 highly skilled jobs from the US to Russia when they canceled the shuttle program and moved all NASA maned space flight to Russia.

We need less government, not more. As our government has grown, our ability to improve our way of life and standard of living has declined. And that trend will continue if we don't reverse the growth of government. Our bloated government is the problem, not the solution.

Once again, you have said it clearly, Chris.

THAT is Economics 101, Sandtrap.

Keep our business IN this country and grant corporations tax relief. It is a GOOD thing, not a bad thing. It brings jobs to Americans. How many of us depended on large corporations for their livelihood all of their lives? And ....how many of us feel they took good care of us for the commitment we gave them?

Socialistic government in the United States? Please, not in MY lifetime.

[Sophie11]

Our candy companies went to Brazil, textiles to China and technology to India.

[scottiee]

Demand without that no business of any kind

[CFrance]

Originally Posted by Sandtrap328

Thanks, got it.

Well, the speaker of the quote was absolutely right. Trickle-down economics has been tried and it failed miserably. Corporations that take their profits offshore and outsource their labor overseas are not helping America.

Listen to the entire speech instead of just 13 words and you just might come away with some insight on what was said.

Too many people just listen for a tiny phrase of what was said and try to make that sound like the speaker does not have a clue instead of listening to the entire explanation of what was said.

I agree with this. In fact, I find myself doing the same thing sometimes, from the opposite position. It's something you have to guard against in your own self.

Wasn't a trickle-down economics tax-break given to the wealthy over a decade ago that did not create jobs? It was before 2006, because I remember I was still working and was so disgusted that I gave our tax break to our kids, who were struggling at the time to find decent jobs in their fields.

[TexaninVA]

Originally Posted by CFrance

[/B]

I agree with this. In fact, I find myself doing the same thing sometimes, from the opposite position. It's something you have to guard against in your own self.

Wasn't a trickle-down economics tax-break given to the wealthy over a decade ago that did not create jobs? It was before 2006, because I remember I was still working and was so disgusted that I gave our tax break to our kids, who were struggling at the time to find decent jobs in their fields.

Ok several posters have talked about trickle-down economics. Time for someone to post and define what they really mean by this phrase in terms of policy prescriptives. We've all heard the phrase, but simply replaying the slogan is getting us nowhere.

The basic issue is ...what is the best system and philosophy to grow the economy such that most people benefit. (hint: the outcomes will never be equal but the notion of a rising tide lifting all boats is presumably what we are all desirous of ...)

[CFrance]

Originally Posted by TexaninVA

Ok several posters have talked about trickle-down economics. Time for someone to post and define what they really mean by this phrase in terms of policy prescriptives. We've all heard the phrase, but simply replaying the slogan is getting us nowhere.

The basic issue is ...what is the best system and philosophy to grow the economy such that most people benefit. (hint: the outcomes will never be equal but the notion of a rising tide lifting all boats is presumably what we are all desirous of ...)

Here is how trickle-down economics was defined to me in 2006 at the time of the tax break (from Wikipedia):

Trickle-down economics" and the "trickle-down theory" are terms in United States politics to refer to the idea that tax breaks or other economic benefits provided to businesses and upper income levels will benefit poorer members of society by improving the economy as a whole.

I was replying to the poster who first mentioned the term, and he/she was stating the fact that what OP quoted was taken out of context. I think that was a fair subject to bring up from the original post.

[Dr Winston O Boogie jr]

Originally Posted by rubicon

There are two ways to grow jobs, the right way and the wrong way. for the last six years the only segment growing has been government. When government grows essential resources are used up to produce nothing while taxpayers burden is increased. Not only is growth and production stopped so is innovation Central planning as seen in the FED (central banks) have yielded Wall Street a 75% return while starving seniors. With all of government's monetary policy they have been unable to life us back to robust GDP despite the fact the recession ended 2009. Government has therefore decided that housing is the key to lifting the economy and has ruled the same irresponsible underwriting practices to secure a mortgage setting us up for a second housing bubble.

The only way out of this mess is to return to market basis activity. This will require government move out of the way (meaning dropping costly and time consuming regulations) and let enterpreneurs thrive.

Now this is not political its simple economics

That pretty much sums it up. Except that it's spelled "entrepreneurs".

[Dr Winston O Boogie jr]

Wasn't there another American politician that recently said something, "All you business owners out there, you didn't build your business."

[collie1228]

If we keep electing people who have no real management experience (i.e., U.S. Senators), we'll keep getting people who will bend the rules of economics for their own ideological purposes, and who don't have a clue how to make things happen. Ideology is the worst reason to elect someone president. A pragmatic thinker who has run a large and complex enterprise is the only person I'll vote for for president. That means someone from the business world or a governor. The person who spoke the words quoted in the original posting was an excellent senator representing N.Y, but has no track record of ever managing anything other than her own political empire.

[eweissenbach]

The fact is that demand is what creates jobs. The businesses simply hire people to meet the demand. Demand is largely created by a strong middle class buying goods and services. Corporations and businesses don't "create" jobs for the better good of the country or the citizens, they hire people to do the work that is required to meet the demand. Sprint Corp. just announced layoffs of over 700 employees in the K.C. area - they did not uncreate those jobs because they didn't believe in capitalism, but quite the contrary, they responded to low demand for their services.