#2 | Posted by nutcase:
"The only way outa this mess is to lower costs including mortgage rates"
The mortgage rate for a 30-year fixed is 5.2%, 15-year at 5.03%. How much lower should they go? Perhaps 0%? People still need to earn a living.
"and debt"
Lower debt? What debt? The national debt? Personal debt?
"and raise wages."
Sure. Everybody wants to make more money. Where do you think that money for higher wages is going to come from?
"A quick fix would be to write off debt, like is done periodically with third world countries."
Yeah, that'll work. Then we can all be dirt poor like the majority of the denizens of those 3rd world countries. So you "write off the debt." How about all those people to whom that debt is owed? Should they just write that off that income?
"It is more important that every CEO have two $6 million ski chalets than anyone have a living wage, reasonably priced health care or full employment. Some people are just more equal than others."
These high salaries and bonuses are not provided at the point of a gun. They are done through legal contracts made with the corporations. How about anybody who, in your perception, makes more money that they should: for example, actors/actresses, pro-sports players? Maybe there should be a law that a person scan only make so much: would you like that?
"1. Big Fish eat little fish."
Nature at work. Has always been this way.
"2. Our GDP and unemployment rates are just more lies."
Provide real numbers then. Don't forget to add verfiable bonifieds.
"3. Real Production matters."
Right. Problem is that more real production is taking place overseas because wage bases, tax rates, infrastructure costs, etc., are much lower than in the US. The base of our "problem" problem is that we are victims of our own prosperity. In creating such a high (relative) standard of living, we have priced ourselves out of manufacturing and purchasing many of what used to be our domestic products. Shoes, clothes, steel, etc.
You make lots of noise above, but do not provide real solutions. Change must to be done legally and equitably. What you do not want is yet even more government regulation. We have already set ourselves on the path to the fascist state with the government bailouts and loans, and the added in government "participation" in these "saved" corporations. Everything comes with a price.
