We are at an economic dead-end and those in power are in denial. The truth is our economic problems are due to loose monetary policy, central economic planning, and the parasitic expenses of government. Unless we assess these problems honestly, we unfortunately have a long way to go until, like the junkie, we hit rock bottom. FULL ARTICLE
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6 comments ↓
Rep. Paul is correct for the most part but he forgot a key factor which helps keep America in the fiscal mess it is in…The trade embalance..we import more than we ship out, and we do out-source many jobs or have 23 guest worker programs that keep american workers from getting,keeping many of the ’skilled trades’ America needs. Preach it Ron…Preach it!!!
Steve – an important thing to remember about jobs being outsourced is that this is another part of what Ron Paul is talking about here. He says it plainly – our economic problems are due to monetary policy, central economic planning, etc.
Because of this, prices for everything are artificially high. Prices for homes are too high, prices for food, prices for wages, prices for everything. If we allowed the economy to be corrected in a natural way, eventually everything would be much, much cheaper for us to buy, and…our labor force would still be able to compete on the world market.
With all the central planning – pretty soon (if not already) we’ll have neither.
Dave. Can I differ slightly and still agree with most of every thing you and Steve have stated?
I believe that Big Business and our corrupt Government are forcing wages down by outsourcing. When I was in Mexico City a few years ago the average wage for a factory worker was $4 per day. An American family cannot live on that.
A company I worked for about 30-35 years ago would go to Hong Kong or Singapore find a head of family with some expertise and set him up to make sub-assemblies. We furnished everything but the labor, he furnished that. We all knew he put his children to work. Their pay scale was three meals per day. No one in America could compete with that.
There needs to be strong laws protecting Americas manufacturing base and there needs to be strong enforcement of those laws.
Cliff, I believe you’re missing the point. 30 years ago, there wasn’t an issue with outsourcing. Even 20 years ago. This is a problem of inflation. As long as prices, wages, costs, regulations continue to be high, and the federal reserve keeps devaluing the dollar, there will be no reason for companies to stay in this country.
We compete against the extra-cheap labor because we’re far more productive, and provide a far better value – plus we can be the consumers of our own products like we always were. More laws is just the opposite of what we need. Protectionism, sir, just doesn’t work, it only creates more favored classes, and more rifts in society.
Let me get this straight. Cliff, are you advocating giving me a fine, or putting me in jail for my personal choices? As much as I can, I am boycotting American businesses. I don’t make a lot of money, and don’t like having to subsidize bloated union wages, massive executive perks, and the extremely high cost of doing business caused by over-regulation.
I oppose these things, but yet, somehow I still have to give my money to support them?
That doesn’t sound like freedom to me. It reeks of fascism.
Crystal – I can only assume that Cliff has no desire to throw you or any regular American in jail. So, while I’m thinking that Cliff’s intentions are good, I definitely see your point on this. The end result in restricting trade, or “protecting” american businesses is that people will be forced to do business with companies that they may not want to.
This could be done by making competing businesses have prices so high that we have no other choice (through high regulations, massive tariffs and taxes and the like), or they could just write another stinkin’ law.
Like the one I learned about recently – that makes it illegal to boycott business in Israel.
As the dollar’s value continues to fall in the next few years, Obama is going to do just what politicians do best – use force. I can see trade restrictions, higher import taxes, or possibly even wage and price controls.
If it comes to the latter, you’ll see shortages for just about everything. Lines for bread won’t be a pretty sight either.
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