
Originally Posted by
bugeye
I pretty much agree with you.
Except, the states are taking on the health care reform law because of political expedient. The supreme court is well stacked to the right (5 to 4) and they may find this law unconstitutional, even if it isn't. The Tea Party is going to vote GOP anyway, this is not news to anyone. It isn't unusual for the feds to prevent a state law from going into effect, how many times did we have to pass the assisted suicide bill? It also isn't unusual for the feds to let the states keep a law that is not compliant with federal law, like the pot laws.
The economy is in flux, I'm betting for it, but for goshsakes, don't expect me to defend that on objective grounds, lol.
I see the same problems you do, our loss of manufacturing, our reliance on paper pushing, and our becoming a service economy. We can't compete with China in engineering and production fields, they live for a month on what we need for a day, their work force is productive, their educational system is cranking out high quality engineers at twice our rate (with that gap increasing exponentially), at low costs without them being $50K in debt for their education. They seem to have structured a system where private firms cooperate, rather than try and take advantage of each other, and we are being left behind by our own greed. So, do we talk tariffs, heck no that will polarize us, do we talk supporting our manufacturing industries, heck no that is socialism - 'free GM so it can crumble', do we create a huge Manhattan type project to create technology that would remake the worlds economy and make our debt look like nothing (fusion power!), heck no let the Europeans do it we spent too much on wars for nothing and being the worlds cops. In addition the USA is the worst imperialist nation ever, regardless of where we take over we only lose money on the deal.
What do we do? There aren't that many options.
We could have lots of inflation, that is usually good for parties that are way in debt, heck no, can't do that either, so the Fed keeps giving the member banks money for nothing and they keep buying T bills with it so they can make a few % on it, talk about a useless self perpetuating cycle! Meanwhile high on the lofty plains of Olympus some very clever weasel has just figured out how to make billions from a few signed pages of paper that aren't even worth the fiber they are printed on. But these folks are going to get their comeuppance, you thought I was going to say by the gov didn't you, nope it's the Chinese, heck any country that can produce a good air compressor that can be sold here at a profit for $100 is going to be able to produce that useless paper for 1/1000th the costs of our investment banks!
And I'm kidding on the square here!
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