Comments on: Obama and America’s 20-year bust

By: mdspatsy

mdspatsy — Mon, 19 Apr 2010 11:17:41 +0000

This state of affairs are known to many Americans and in general public.
Because of economic slow down, no clear cut policy on major issues,last two years banks financial crisis, not much appreciated exports from America, more expenditure on Iraq/Afghans areas, some misconception on Mr.Obama!s new health care proposals made his downward rating on his policies,actions etc.,from Americans.
Mr.Obama wants to do more welfare measures to native Americans and to others as early as possible.
Those who attracts by his or speeches may be short lived.
America was in very pretty positions and enjoying their wealth for many centuries.
Now, other nations had started moving towards forward journey and getting favorable results from now and then.
If government wants to build more cash reserve, more expenditure on running and sustaining economic and social growth, creating more infrastructure, then, our college economics speaks in real terms.
There is no other ways, only to get more revenue by regulations, more and more exported industries formation,more productive work, increase their standard of income,then, some taxes to be levied and can be collected from many high,upper classes.
Still,some years to go and to find what happens on American soil by Mr.Obama and his team.
These findings may be a search type for any corrections and bring his ratings to upwards.,

By: Andrew P

Andrew P — Fri, 02 Apr 2010 02:48:05 +0000

No trend will last for 40 years. World War III will change everything, and in very unpredictable ways.

By: Tom

Tom — Fri, 02 Apr 2010 02:45:19 +0000

My biggest concern is the class warfare that is being echoed from our current administration. I am the CEO of a very successful computer company. I am tired of uneducated people telling me how companies like mine are the root cause of the current economic situation. I fear my safety……is this America? In the near future, am I any more secure to be a successful businessman or an unemployed unskilled worker? If the economy continues it’s down word slide I hate to say I’ll be the scape goat. What do I do? Where do I go? These are scary times.

By: LoachDriver

LoachDriver — Thu, 01 Apr 2010 23:41:16 +0000

Russ in NC,

Demographics may be destiny, but we still outnumber all these other groups combined and if we get our kind into public office perhaps the brakes can be put on runaway immigration.

By: g50

g50 — Thu, 01 Apr 2010 23:36:42 +0000

Interesting definitely, but we’ll see how the 20 year average ultimately plays out. I am extremely hard pressed to believe the argument that productivity will see diminishing returns – an entire generation which is far more productive at the productivity-enhancing technology of the 90s & 00s is entering the workforce. These people will be capable of – and expected to be capable of – far more than the older colleagues in the same role. And even beyond this specific generational moment of young and wired in the workplace, to say that most of the productivity gains for our technology will bring us diminishing returns? That doesn’t pass the smell test – it is effectively to pronounce innovation dead (yes not exactly but effectively). Thinking about gross inefficiencies in my company alone (major global law firm) I pretty much refuse to believe the biggest increases in productivity are behind us – that just makes no sense, from a practical point of view. Maybe the leafy view from Evanston is implicating the good professors prediction.

By: LoachDriver

LoachDriver — Thu, 01 Apr 2010 23:20:20 +0000

Come on November!

By: Bernie

Bernie — Thu, 01 Apr 2010 20:52:09 +0000

Mercantilism is a long story. Adam Smith wrote his book the Wealth of Nations to refute the idea. It’s an idea that refuses to die. The Progressives have latched on to it. You can recognize it in the thirties in the writings of Wesley C. Mitchell, Johm Maurice Clark. These are the Institutionalists like Thorstein Veblen who cribbed some ideas from St. Simon. An expert elite is supposed to know how to do things. John Kenneth Galbraith is another. His ideas are carried on by Robert P. Reich, Lester Thurow, Andrea Tyson, and JKG”s son James K. Galbraith. To make a long story short read James’ latest book “The Predator State”. He wants to reinstitute planning, wage and price controls, income redistribution. This is not just President Obama; its the central ideology of the Democratic Party. They are busy putting it into place. Free market people don’t think that this will be good for the economy going forward.

By: paul

paul — Thu, 01 Apr 2010 19:47:44 +0000

The difference between the past and now is that we now have a president with ‘spread the wealth’ mentality and a strong desire to tax anything that moves. Until we ‘cap and tax’ foolish policies like that as opposed to carbon we are in for a long period of slow-to-No growth. Let’s hope this was just a one time 4 year mistake.

By: Paul Thiel

Paul Thiel — Thu, 01 Apr 2010 19:01:28 +0000

I believe it is clear at this point that Obama has decided to take a #2 all over America.

By: Elder S

Elder S — Thu, 01 Apr 2010 18:54:54 +0000

Let’s hope that another transforming technology comes along that will enable productivity gains and counter this trend.