Comments on: Remedying recession, reducing debt http://blogs.reuters.com/chrystia-freeland/2011/08/12/remedying-recession-reducing-debt/ Sun, 28 Jul 2013 14:34:09 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: NewsAddict http://blogs.reuters.com/chrystia-freeland/2011/08/12/remedying-recession-reducing-debt/#comment-1812 Fri, 26 Aug 2011 12:17:53 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1250#comment-1812 As always Ms Freeland, you’re right on the money – no pun intended. The income and wage problems facing the incoming generations, if they’re able to get jobs at all, are serious, though not dismal. I think a serious overhaul of the private sector, especially small business, is the best way to get jobs going as we’ve seen over the past decade that small business generates the most jobs.
In response to another commentator, I don’t think levying higher import taxes will help at all. There is nothing, or very little, stopping big American companies from moving to the BRIC countries today. Domestic consumption in places like China and Russia is steadily rising with little sign of stopping; whatever gets taxed too highly on American shores will simply end up staying in the BRIC countries where the new yuppies will gladly buy them up.

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By: edgyinchina http://blogs.reuters.com/chrystia-freeland/2011/08/12/remedying-recession-reducing-debt/#comment-1792 Tue, 16 Aug 2011 01:52:21 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1250#comment-1792 I believe you are correct Ms. Freeland. The problem won’t get solved. Your op-ed piece is spot on, and shows its just one more step for the US to be a third-world, banana republic, facist state…. It’s the next stop… we’re almost there.

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By: nicoleluvs2dnc http://blogs.reuters.com/chrystia-freeland/2011/08/12/remedying-recession-reducing-debt/#comment-1790 Mon, 15 Aug 2011 19:59:54 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1250#comment-1790 I agree with the third comment… it really is funny that we have rich people sitting on their assets as if nothing is wrong (and I don’t say this in a judgmental sense, only in a purely practical sense) while others are starving, struggling, and stressing out because they don’t have jobs. It is the global poverty crisis coming to haunt us in our own streets – even in rich suburbs people are now jobless who used to be well employed. No one seems to look at how many loopholes in tax code there are for the rich – both individuals and businesses. We hear a little TINY amount of talk about tax code reform, but politicians are so hesitant to do it because of the influence the rich have on their campaign contributions, that they really don’t do anything about the problem. It is just greed gone wild. Taxing imports may help temporarily, but we would face consequences in other areas – higher costs of products, etc – and get away from the global economy that the world has been working towards for a while now… really a more structural approach looking at the actual cause of the problem would be best.

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By: ptiffany http://blogs.reuters.com/chrystia-freeland/2011/08/12/remedying-recession-reducing-debt/#comment-1789 Mon, 15 Aug 2011 18:01:17 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1250#comment-1789 All of what you point out is true, but concludes with us supposedly being helpless.

You have missed the broader context of what has been happening. Not only is the divide between rich and poor in the Unitded States been growing for many years (long before the Third Depression), but the rich have become richer. The endless controversial distractions from politicians and the complicit media have kept us from discussing this fundamental issue. How long is Congress under the influence of K Street going to keep funneling the nation’s resources to the rich and super rich while systematically demolishing the middle class and sending the poor to the destitute?

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By: prashanter http://blogs.reuters.com/chrystia-freeland/2011/08/12/remedying-recession-reducing-debt/#comment-1788 Mon, 15 Aug 2011 17:27:25 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1250#comment-1788 the recession is due to a wrong monetory system. after the 2nd world war the dollar has been the de facto currency for trade which is utterly wrong and due to this our world today is running on a system which is fundamentally incorrect. US is sitting on a huge debt but it largely cushioned because other countries try and devalue their own respt currencies vis a vis the dollar to promote their own exports to US. Today we are living in a Global village, the world has shrunk, except for perishables commodities today command almost the same price anywhere in the world. Now if you look at jobs as a commodity, a person say in Pakistan whose education is almost as good as say someone is US, should command similar wages as well. So there is bound to be a lot of turmoil is US and also the whole world, firstly because of the wrong monetory system and secondly because of the increase in the number of qualified people elsewhere ready to work at a much lesser pay than a US citizen.

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By: contrarianview http://blogs.reuters.com/chrystia-freeland/2011/08/12/remedying-recession-reducing-debt/#comment-1787 Mon, 15 Aug 2011 17:24:36 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1250#comment-1787 I have a solution for creating jobs: how about huge import duties on imported products, has anyone ever thought about this? You will see how quickly jobs will come back. I realize that this is idea no one wants to contemplate, as this will really hit well offshoring companies that have hired our politicians to maximize their profits. But open your eyes: which are the best performing economies in this Depression? Protectionist. China, India, Brazil, Russia. Every country that protects its jobs is doing quite well. How do you explain it? Blinded by greed, we keep offshoring our jobs, and then we complain about unemployment? Try time proven simple solutions, if only there would be political will to do so. But don’t expect this to happen any time soon. The people who make the most money also happen to own our politicians. We want to eat a cake and have it too. It ain’t gonna happen. These discussions about deficits are just side distraction, sand in our eyes. Things going wrong in this country are by design, these are not accidents. We have let uncontrolled greed rule this country. If all the products we consume were manufactured here, we would have 2% unemployment.

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