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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (120664)9/14/2012 8:59:17 AM
From: ChinuSFO  Read Replies (1) | Respond to of 149317
 
First off, when you say that you do not know much about India or China's reason for their economic surge, you remind me of Romney-Ryan who oare canpaigning by pointing to their economic plan without having read the plan themselves.

....excerpt

Feldstein says Romney’s math will work, but he would have to eliminate the home mortgage, charitable, state and local tax deductions for incomes greater than $100,000. When I pressed Romney on that point, he conceded that he actually hadn’t read the Feldstein report that he and Paul Ryan cite on the campaign trail.

....end of excerpt

read the entire interview here abcnews.go.com

All the concerns you have have been caused since the Reagan years where the focus was more on the wealthy keeping their wealth by reducing their taxes while at the same time reducing the ability of "investment" in the American community by the government. The rich have never and will never ever invest in the betterment of the community. They don't create jobs to benefit the community. They do so for their own benefit and their benefit only. So when Reagan said "...the govt. is the problem", he sang the death knell of America. You wonder that I am saying this because I am a hard core ideologue? Well then let me ask you this: Why is it that more than 3 million jobs here in the US are going unfilled? Post these in India and China and see how fast they get filled.

We have to invest in the community. In our education so that we have a educated workforce, in the healthcare of our citizens so that we have a healthy workforce, in pre-natal and post-natal care so that we give a healthy headstart to our babies being born so that they can confront the challenges in the workforce and workplace. We have to invest in R&D so that we remain at the cutting edge of technology and biotechnology. YOu think the American capitalist will invest in the betterment of the community? Bunch of bull. All they did was suck off this society during the 60's, 70's and 80's. And then they moved onto countries where they could exploit them to further increase their wealth.

I grew up in a country that got it's independence from the British in 1947. The leaders of Pakistan indulged in personal power play, incited people by harping on their religious beliefs, neglected the country and you can see what that produced. It kind of reminds you of what is happening in the US with the Republican party and also the Tea Party. To them now, hell with the US and let us see how we can make this President a one termer. That is what the Pakistani leaders did. And the most dangerous of all, they politicized the military and once the military became powerful, they muzzled the voice of the people who knew well that they had to have a good education system, that they had a very good cultural foundation on which to build. But who would listen to them. Their leaders were very busy "in their own food fight."

In India, the leaders were very different. Soon after independence their lost their leaders to a assassin's bullet. They took it in stride. Laid a long term plan by "investing in education" and "industry infrastructure". Govt. stepped up in striking deals with the nations of the world and agencies such as the UNICEF to feed the young, with UNESCO to establish higher centers of education such as the Indian Institutes of Technology, the Indian Institutes of Management, the All Indian Institute of Medical Sciences etc. etc. And after 60 years it has started to pay off. Capitalism? Forget about it. It is all about nation building, collective nation building where the community through its Govt build the nation.

America has declined considerably since the Reagan years. Clinton managed to bring it back up. But the nation was more interested in his private life. Obama, the "Yes we Can" sloganeer has started us on that long climb back up by investing in education such as through college loans, R&D investment etc. etc. India needed massive funding in those years and they got it from the world community. Today they have returned those loans, they have a foreign exchange surplus and have become a food aid donor instead of a aid receiver. Democracy is thriving, it is a nuclear power with all the checks and balances on the nuclear button. And it is thriving. Thank you Indian Govt.

MM, I see voluminous posts from you similar to what the right wingers do. They talk about God but that is what they only do is just talk. And when Easterners here such talk we scoff at them since we know well that a true believer keeps beliefs and religion very personal. They have such a strong foundation in religious beliefs and faith in God the likes of which you will never see in the Western cultures. And that is why, I decided to respond with a post of similar length to your post a few weeks ago. I could have sent you a one liner and told you, "Don't lecture me on God and religion." Similarly,, I decided to post this long one instead of responding with a short post to say, "Don't be a armchair economic theorist and throw all those numbers at me. I have witnessed a economic revolution and I know what danger signs are and better still I have been a witness to what it takes for a nation to succeed." I am sure America from the 1930's to 1980 also knew how to succeed.

But since the Reagan days, that has been lost.



To: RetiredNow who wrote (120664)9/14/2012 9:37:30 AM
From: John Vosilla  Read Replies (2) | Respond to of 149317
 
There is nothing healthy about this economy and multiple rounds of QE haven't done anything but make things worse.

This economy never felt healthy to me after 9/11.. No real recovery for the middle class post tech bust and Clinton leaving the stage. As much the long term economic cycle, structural issues building that were never really addressed as it is stupid policies that got us into this mess.