the capitol of capitolism. is broke

[danielost]

The united states is the capitol of capitolism and it is broke why?

Why can't the federal government invest in corporations.

Why can't the state government invest in state corporations?

Not talking about government buying controling shares, but the none voting shares why not?

The government doesn't know how to run a business but it could collect dividends like everyone else.

I know when this country got started, we didn't have any real wealth, so we had to borrow. This is no longer true.

If we could take our country out of debt, we could help more people. The only way to do that is let the government make as profit like the rest of us.

I am also not talking about them buying risky stocks, just stick to the fortune five hundred companies.

Ok I am done with this stupid idea.

[F3SS]

The united states is the capitol of capitolism and it is broke why?

Why can't the federal government invest in corporations.

Why can't the state government invest in state corporations?

Not talking about government buying controling shares, but the none voting shares why not?

The government doesn't know how to run a business but it could collect dividends like everyone else.

I know when this country got started, we didn't have any real wealth, so we had to borrow. This is no longer true.

If we could take our country out of debt, we could help more people. The only way to do that is let the government make as profit like the rest of us.

I am also not talking about them buying risky stocks, just stick to the fortune five hundred companies.

Ok I am done with this stupid idea.

Yes Dan, a bad idea. Investments are gambles. The governments money is our money. I don't want these denerates gambling with my money. It was a bad idea with the stimulus package and it's a bad idea now. Give US back all the money they don't know what to do with and we will make our own investments. We will buy stocks. Will will create businesses. We will create jobs. We will make investments thousands of times more profitable than them and when we do that they will have plenty of of extra money due to all the tax money flowing in from the wealth that We the People have created. And, fortune five hundred companies can crash and as far as I know when you invest into such a company via stocks you then own a part of that company and the absolute last thing you want is the government owning once private businesses or any business at all.

[danielost]

I agree with you on the stimulus being bad. But, that ended up with the government(obama) telling companies how operate. He even fired the ceo of gm.

[Dougward5]

Gaetano Salvemini

[F3SS]

I agree with you on the stimulus being bad. But, that ended up with the government(obama) telling companies how operate. He even fired the ceo of gm.

And he's just going to sit on the sidelines when he invests in already operating companies?

But it's a bad idea. No!

[danielost]

We have to do something. The liberals and most pf the gop will not stop spending money until e really do run out of money. They have already destroyed our school system, to push forward their agenda of having government tell us what can wear or eat or marry.

[F3SS]

Anyways, there are no amount of investment and profits that can be made to put the smallest dent into reducing our debt. All you would be doing is giving them the A-ok to spend and waste more money. We'd have better luck putting our entire debt on Roulette 00's.

[questionmark]

I agree with you on the stimulus being bad. But, that ended up with the government(obama) telling companies how operate. He even fired the ceo of gm.

Good old capitalistic rule: Who owns the place gets to fire who he/she wants. At that time the government owned GM and did so until the government got most of its money back. I did not know that you are against good old time honored traditions... or is it just because you don't like the government and therefore willing to ignore traditions because of your dislike?

[Zaphod222]

The united states is the capitol of capitolism and it is broke why?

Why can't the federal government invest in corporations.

Why can't the state government invest in state corporations?

Not talking about government buying controling shares, but the none voting shares why not?

The government doesn't know how to run a business but it could collect dividends like everyone else.

I know when this country got started, we didn't have any real wealth, so we had to borrow. This is no longer true.

If we could take our country out of debt, we could help more people. The only way to do that is let the government make as profit like the rest of us.

I am also not talking about them buying risky stocks, just stick to the fortune five hundred companies.

Ok I am done with this stupid idea.

The overregulated welfare-state that the US has become today is about as far removed from "capitolism" (sic) as you can get.

And as you probably know, socialism always breaks down when it runs out of spending other people`s money...

[questionmark]

The overregulated welfare-state that the US has become today is about as far removed from "capitolism" (sic) as you can get.

And as you probably know, socialism always breaks down when it runs out of spending other people`s money...

Tell that to the Germans or Norwegians or Swedes. The point is that you should not user more "socialism' than your society can afford. And the problem of the US is not socialism, it is paranoia spending.

[Yamato]

'Capitolism' could be the better spelling for the type of economic system we're practicing in the US.

[Jeremiah65]

I think we can all agree that fascism is not the answer. I admit, I'm clueless on how to remedy our current situation.

We have mega corporations in bed with our representatives and leaders...this is bad. The lobbyist get their agendas moved to the top of the list...they have sway over things that prevent true competition in the market place. This is also very bad.

We have backdoor corporate subsidies hidden and labeled as Government social programs (welfare, section 8 housing, food stamps) so the corporations can pay lower wages and reap higher profits. Then you have the tax loopholes where the corporate taxes are not refilling the coffers that are being drained for said social programs...doomed to fail. Prob sooner rather than later.

It's madness. Greed and corruption are so entrenched, I honestly do not see a solution. How do you remove greed? How do you get rid of self interested, self indulgent narcissists from the halls of leadership and legislation? I don't think you can.

I have thought and thought about it and as long as greed, materialism and the accumulation of "stuff" is what is most prized in our society...everyone is susceptible to bribery and corruption...

I have said it before...this truly may be the only answer...

Edited August 1, 2013 by Jeremiah65

[danielost]

Tell that to the Germans or Norwegians or Swedes. The point is that you should not user more "socialism' than your society can afford. And the problem of the US is not socialism, it is paranoia spending.

The greeks, spanish, irish, italons, would listen better. The problem of the usa is spending to much money on stupid things, such. As solar cell companies, adding a new entitlement prgram when we can't pay for the existing programs.

The reason germany doesn't have a problem is because their population is dropping, it is growing in the usa.

[questionmark]

The greeks, spanish, irish, italons, would listen better. The problem of the usa is spending to much money on stupid things, such. As solar cell companies, adding a new entitlement prgram when we can't pay for the existing programs.

The reason germany doesn't have a problem is because their population is dropping, it is growing in the usa.

The Greeks, Spaniards and Irish (and half a dozen more you don't mention or don't know) have committed a simple error: They have wanted what the Germans have without their economies being capable to pay for it, which makes them much more students of the American system than of the "socialists".

[danielost]

Exactly, and you liberals want to put the us economy in the same place as the greeks. Spend, spend, spend to pay for it raise taxes more taxes more taxes. The french government is trying to make their rich pay 75% in taxes.

[questionmark]

Exactly, and you liberals want to put the us economy in the same place as the greeks. Spend, spend, spend to pay for it raise taxes more taxes more taxes. The french government is trying to make their rich pay 75% in taxes.

The US economy IS already in the same place as the Greeks, but with two differences: Washington did not do it for the benefit of the people and there will be no Germans to bail us out.

[danielost]

Good old capitalistic rule: Who owns the place gets to fire who he/she wants. At that time the government owned GM and did so until the government got most of its money back. I did not know that you are against good old time honored traditions... or is it just because you don't like the government and therefore willing to ignore traditions because of your dislike?

When good old time honored traditions have proven to be bad, its time to find a new tradition.

[danielost]

The US economy IS already in the same place as the Greeks, but with two differences: Washington did not do it for the benefit of the people and there will be no Germans to bail us out.

The US economy IS already in the same place as the Greeks, but with two differences: Washington did not do it for the benefit of the people and there will be no Germans to bail us out.

No it is not in the same place as greece. If it was we would be making drastict cuts. We still have time to turn it around. We need cuts. We don't need obama care. If obama care is such a good thing, then why are those liberals in washington ae all trying to be exempt. Why are the unions, who helped to get it passed, trying to ge exempt from it. The whole left leadership is running from obama care.

[Frank Merton]

I think many of these responses are the result of massive Western capitalist ideological propaganda. Having a state interest in mostly private enterprises gives the public a seat or more on the board and a voice in the corporation's behavior.

Many if not most countries have what are called "Sovereign Funds," where, if corruption can be kept out of it, the state can get extra revenue and tap for capital when necessary. The opposition to this sort of thinking is a cold-war relic; we need to get away from such ideology and learn to govern pragmatically.

[questionmark]

No it is not in the same place as greece. If it was we would be making drastict cuts. We still have time to turn it around. We need cuts. We don't need obama care. If obama care is such a good thing, then why are those liberals in washington ae all trying to be exempt. Why are the unions, who helped to get it passed, trying to ge exempt from it. The whole left leadership is running from obama care.

It should make drastic cute:

Debt VS GDP Greece 145% US 119%, the difference is purely academic. If Greece makes cuts its not because they want to, but because if they don't they will not get bailed out.

As nobody will bail out the US Congress sees no necessity to make cuts.

[Frank Merton]

I see severe cuts in spending and increases in taxes, as generally forced on debtor nations seeking aid, as just making the problem worse. As the economy thereby declines, tax revenues go down in spite of the higher taxes, and spending is forced up to keep essential services going.

A better approach is to devalue (print money) and then borrow if possible more money and go on a capital spending spree. (It's sometimes called throwing money out of helicopters). During periods of high unemployment and underutilized resources, inflation does not immediately happen, and in the meantime assuming the capital spending is well done, the nation gets the benefit for future generations of all the highways and bridges and airports and pipelines and ports and tourist resorts and hotels and housing whatever else you build.

Later the stronger economy will more than enable payback of the debt and the more efficient stronger physical capital will render the economy more efficient and avoid inflation.

Usually to make this sort of thing work one also needs to enact and enforce structural changes in the tax structure to make it easier to enforce and less of a drag and probably eliminate all sorts of regulations put in place during prosperous times by special interests.

[danielost]

That would be a good idea, if obama ws spending money on fixing and replacing our roads, bridges, dams, and sewer systems. He has thrown away enough money to pay for what we need done on infrastructure.

[ninjadude]

That would be a good idea, if obama CONGRESS was spending money on fixing and replacing our roads, bridges, dams, and sewer systems. He has thrown away enough money to pay for what we need done on infrastructure.

there I fixed that for you. But really not two posts up you were advocating cuts. Really, I think you sway with the wind.

[acidhead]

I see severe cuts in spending and increases in taxes, as generally forced on debtor nations seeking aid, as just making the problem worse. As the economy thereby declines, tax revenues go down in spite of the higher taxes, and spending is forced up to keep essential services going.

A better approach is to devalue (print money) and then borrow if possible more money and go on a capital spending spree. (It's sometimes called throwing money out of helicopters). During periods of high unemployment and underutilized resources, inflation does not immediately happen, and in the meantime assuming the capital spending is well done, the nation gets the benefit for future generations of all the highways and bridges and airports and pipelines and ports and tourist resorts and hotels and housing whatever else you build.

Later the stronger economy will more than enable payback of the debt and the more efficient stronger physical capital will render the economy more efficient and avoid inflation.

Usually to make this sort of thing work one also needs to enact and enforce structural changes in the tax structure to make it easier to enforce and less of a drag and probably eliminate all sorts of regulations put in place during prosperous times by special interests.

Later the stronger economy???? The USA is in financial trouble because they have lost the manufacturing base that made it the symbol of economic prosperity around the world..

All youve proposed is increasing the money supply to enrich those who already suck up to gov....... crony capitalism. All accomplished is private interest enjoys the fruits of the gains and the losses are socialized creating even more dependency..... gov does not create wealth for a free nation.

Whats needed is to ALLOW the current monetary system to follow free market principles and liquidate itself naturally.

More gov and increasing the money supply is the wrong answer.

Nothing is perfect in this world... nothing is guaranteed. Individuals should be thankful for what they have earned from hard work and being responsible in their choices.

Edited August 3, 2013 by acidhead

[danielost]

there I fixed that for you. But really not two posts up you were advocating cuts. Really, I think you sway with the wind.

I would rather spend money on the roads, than on a car that catches fire, or solar cell companies who go out of business right after they. get the monet.