Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (611)	1/13/2011 4:02:41 PM
From: bentway	2 Recommendations Read Replies (1) \| Respond to of 119362

I don't really think it's BB's fault that the economy won't recover. He's doing what would have worked during the Great Depression, when WE were a low labor cost producer. He's just not taking into account that now isn't then, and global conditions have changed. Corporations ARE adding jobs - overseas where the labor is cheaper. They'd be uncompetitive morons not to. It's excellent for their bottom lines, but doesn't help the American employment situation a bit. I'm not sure I can really see any fix, other than protectionist measures. Those would have been bad THEN, but would they REALLY be bad now? It's accepted wisdom that protectionism is economically bad, but things like that are wrong until they are the solution, in a changed environment. Every government incentive for business should be tied to adding domestic jobs. Every tax break, loan guarantee, etc. Make it a precondition for doing business in the USA, for ANY corporation, foreign or domestic. This is more congress's job than BB's. Doing nothing will have us meeting the Chinese and India in the middle as our wages decline and theirs inflate. Not a happy future for our workers.