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Tuesday, Jan. 31, 2012 | 2:01 a.m.
Not to worry America, there is a solution to our economic woes; it’s called “full employment.”
We are at a crossroads. However, one road leads to economic “redistribution of wealth” and prosperity and the other to economic ruin and poverty. The choice is up to those who drive the economic engine.
The fuel that propels the U.S. economic engine is full employment. Ronald Reagan believed the fuel would come from trickle-down economics, but trickle down has proven to be a big pyramid scheme where only those at the top get paid off. What we need in the economy is a ripple effect, where the wealth expands among the contributors.
Trickle-down entrepreneurs no longer appear to be interested in paying the cost of doing business here. They are opting out. You can not remove the means of producing goods and expect the service industry to sustain the economy. With their departure, America will soon become a Third World country.
One can only hope that American industry and Americans do the right thing: Buy America!
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Armando Gaytan wonders "WHERE ARE THE JOBS?
Armando Gaytan is right "The fuel that propels the U.S. economic engine is full employment. Ronald Reagan believed the fuel would come from trickle-down economics,...."
>>>>>>>>
After Obama, Reid, and Pelosi took over in 2007 they have presided over a loss of 5.5 million jobs.
>>>>>>>>
http://www.bls.gov/web apps/legacy/cpsatab1.htm
- Clinton January 2001 Employment number 137,778,000 million
- Bush December 2007 employment number 146,273,000 up 8.5 million jobs since Clinton recession.
- Obama 2012 Total employment - 140,790,000 million jobs down 5.5 million
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January of 2007 Democrats took over Congress; the House with Nancy Pelosi and Barney Frank; the Senate with Obama, Biden, Harry Reid, and Chris Dodd. This was followed by the elevation of Obama to president in 2009.
This is a singular turning point in American history with the social and economic morass that followed. Obama, Reid and Pelosi have been on a path to implement the Liberals Entitlement Manifesto. One where a powerful Central Government control all activities and directs people's lives.
Look at the baseline number to decide if you and the country is better off 4 years later.
2007 Baseline numbers:
2007 Total employment - 146,273,000 up 8.5 million jobs since Clinton recession
2007 Unemployment Rate - 4.6%
2007 Food Stamps. - 28 million at a cost of $38 billion
2007 GDP - $13,715 trillion
FY-2007 Total Debt - $9.0 trillion
FY-2007 Revenue - $2,568.2 trillion up $576.8 billion from Clinton
FY-2007 Spending - $2,728.9 trillion
FY-2007 Fed gov employment 1.8 million people
FY-2007 Deficit - $160.7 billion
Estimated 2012 Baseline numbers after four years of vulture socialism
2012 Total employment - 140,790,000 million jobs down 5.5 million
2012 Unemployment Rate - 8.5%
2012 Food Stamps. - 46 million people at a cost of $75 billion
2012 GDP - $ 15.0 trillion
2012 Total Debt - $16.3 trillion up $7.3 trillion (and Obama has requested another $1.2 trillion)
FY-2012 Revenue - $2.5 trillion
FY-2012 Spending - $3.7 trillion
FY-2012 Fed gov employment 2.1 million people
FY-2012 Deficit - $1.0 trillion
FY-2007 Military Spending - $673 billion (includes Wars)
FY-2012 Military Spending - $670.9 down from 2007 in actual dollars
"Buy America!"
Amen. Mom and pop stores over the Wal*Marts. Pay more if needed. Keep jobs here at home.
When you go to the big box retailers to buy a vacuum and want to spend $50-$100, what do you get? A China made disposable. Think twice. Go to your local vacuum store and pay more for a vacuum made in the USA. It will last a lifetime and can be passed down from one generation to another.
Do the same with all your purchases. USA made only and always.
Carmine A. DiFazio
What products are made in America? I don't need a vacuum cleaner.
Ron Reagan "inherited" the jimmy carter train wreck of an economy and turned it around in well under the three years we've had under the current Dim administration.
Do you thing RR would tolerate this from "government"?
"The Treasury Department is investigating a report that Freddie Mac, the mortgage giant, bet against homeowners' ability to refinance their loans even as it was making it more difficult for them to do so, Jay Carney, a White House spokesman, said on Monday."
http://finance.yahoo.com/news/treasury-i...
Screw them.
Future:
1. Recession is defined as 2 consecutive quarters of negative GDP growth. There was not such an event during the Clinton Administration.
2. You are using budget numbers to determine Surplus or Deficit. Budgets often did not include significant actual expenditures in Iraq and Afghanistan.
3. The R Administration created a structural deficit, then went out and made that structural deficit worse by waging an unnecessary war in Iraq (which is still undermining American security and running up huge health and support expenditures). The D Administration had a real recession to contend with and tried some stimulus that, for various reasons, was not sufficient to restore full employment. (Look here in Las Vegas: We are nearing our all-time highs in visitors, but serving them with far fewer people. Comparable efficiencies can be seen all across America.)
4. The jobs from before are not coming back. There are and will be lots of new jobs, for folks who have the education and training required. But we've "economized" by cutting back or eliminating funding for that "non-essential" stuff.
5. To pay down debt we need to be running real budget surpluses. Revenues have to be higher than expenditures. But there is another lesson from history here: If you run too big a surplus or run surpluses for too long you get big Depressions that are both deep and long. So the best way out of our current predicament is to grow our economy. And to do that right is going to take some Planning with some centralized Guidance. This medicine does not come with a spoonful of sugar to help it go down. Each of us needs to ask what is most important. We can choose to fritter around with meaningless numbers pointing fingers of blame or we can agree on a course of action and stick to it until we have achieved our objective.
Apaprently dipstick never comparison shops. That's his right but it shows his lack of understanding of finances. As for buying American, I try, but it's not easy with so many products made in foreign lands, and why? Partially because unions have made it darn near impossible for American companies to compete, price-wise, in a global economy. The dipstick's, Goodman's and Simmon's of this country are provincial, parochial and blinded with envy of others success. They have no understanding of economic reality and, while thumb-sucking their little blankies, daydream their way into poverty. Who needs financial illiterates such as they giving us advice? Not me!
Something that has stuck in my mind for decades, that I learned when first attending college was that: owning the means of production is the key to wealth and power.
Decades later, we witness the shuttering of factories and industries here in the United States of America and other countries now doing the manufacturing and production of goods from the raw materials also sent to them.
The SECURITY of the United States of America is in jeopardy and in crisis. We MUST return to using our resources and manufacturing goods on our own soil in order to RECOVER from this age of decline of power and wealth! Nothing less.
With current technology, we possess the means to manufacture with less a carbon footprint. We have the needed raw materials to produce goods. Our crashed economy will "reset" and IF the idiot, moronic LAWMAKERS can serve the People by reconstructing policies and laws to support such a recovery, by reasonable & FAIR steps, the People are willing to take the needed sacrifices to REBUILD our nation, strengthen what remains, cause it to flourish once again, and provide a solid foundation for future generations.
Presently, we do not have ANY leadership that has such a focus, nor the courage and ethics to travel such a path. The People have very little recourse, but to VOTE on lesser evils or flip a coin or vote for none of the above or NOT vote at all! This MUST change in order for us as a nation to set sail on a course towards economic prosperity and recovery.
Blessings and Peace,
Star
Republicans should publish a list of products made in America so we can purchase them. Good sentiment, Frank, but I'm afraid the list would be awfully short. The textile industry in this country (clothing, shoes, etc.) is pretty much non existent. The electronics industry here was undermined by foreign government subsidies to their corporations. This made American made electronics non competitive. Try buying a TV made in America. Ain't gonna happen. Even automobiles and trucks are not 100% American made. The percentages are posted on the sticker when you buy a vehicle. My truck had parts manufactured in Canada and Mexico, although it is a Ford. Getting the economy rolling again should be a priority, of course. However, there is a new paradigm working here. Many, if not most, jobs that have disappeared are not coming back. This leaves a whole bunch of unemployed folks holding the bag. Most will have to retrain into jobs that they have no experience doing. I haven't heard a single GOP candidate address the subject in any depth, nor lay out a viable plan to get the average worker in his/her 40's, 50's and beyond back to work. Many have given up, and left the work force, never to return.
I own a Ford Ranger, went to the local parts store specifically asked for "Motorcraft" parts (Fuel filter/Heater control valve) because that is what Ford recommends since these parts are made for Fords. I spent extra money thinking "no problem", made in America, keep an American working. I even decided to wait while the parts came in even though I could have walked out with the same parts that day, but made by foreign manufacturers that were sitting on the stores shelf at the time. When my parts came in, one was made in the USA and one was made in Mexico. So, I spent more money for a part that I thought was going to keep an American working and turns out was made in a foreign country and Mexico of all places where millions of their citizens say there are no jobs and have decided to pour into America, illegally.
"1. Recession is defined as 2 consecutive quarters of negative GDP growth. There was not such an event during the Clinton Administration."
Actually, Nov 2000 started the Clinton recession. The one Bush 'inherited'. Dot com hangover.
Goodmen just the facts
According to the National Bureau of Economic Research (NBER), which is the private, nonprofit, nonpartisan organization charged with determining economic recessions, the U.S. economy was in the Bill Clinton Dot.com Was in decline from January 2000 and in recession from March 2001 to November 2001, a period of eight months. That followed the bust in th P/E ratio peak of 44 under Clinton and is why the Clinton projected surplus was fictitious.
All the annual numbers are actual for 2008 and include the war - these come from the historical tables of the CBO budget report. Historical means actual.
Actually agree that the way out is to grow the economy and hence jobs. Outsized temporary Goverment does not sustain a recovery.
If you can get table from the CBO that is different cite it
Future: Who was President of the United States when the Recession occurred from March through November 2001? So why do you call it the Clinton Recession?
Try this next time for replacement auto parts:
http://www.americansworking.com/autopart...
Most Americans don't specifically ask for auto parts and supplies made in the USA. Going by the genuine name brand isn't always useful because Ford manufactures trucks all over the world, not just the USA. Not surprising, replacement parts are made worldwide too. So consumers have to look carefully and ask for Made in the USA.
Carmine A. DiFazio
Here's a vacuum manufacturer that bucked the trend and recently moved Korean/China made vacuum cleaner canisters to its production plant in St. James, MO. Costs more than the big box brands. Only sold by local/nationwide vacuum cleaner stores who are authorized to sell and service Riccar/Simplicity vacuums. But as I said, they are worth it. The brand makes one of the best vacuums ever made.
"With American ingenuity, craftsmanship and spirit, Simplicity manufactures all of its upright vacuum cleaners and zone heaters in St. James, Missouri. And we're happy to report our premier canisters, Gusto and Moxie, once made in Korea and China, are now rolling off production lines in St. James as well. Simplicity is a member of American Made Matters.
Carmine A. DiFazio
Another American made site:
http://rallyeagle.com/
Many more if you search the web.
Carmine A. DiFazio
CarmineD: Maybe you and Mitt Romney can afford this vacuum cleaner? I'm glad I have tile.
Riccar 8955 Upright Vacuum Cleaner
The Riccar 8955 upright vacuum has a video review and testimonials at our website, GoVacuum. The Riccar 8955 has 60 day returns. The 8955 Riccar is a tank.
Price: $699.95
Don't have to buy new. Always can buy a demo, floor model, or used. I bought a RICCAR upright, demo, used, in a vacuum store about 10 years ago with the full new vacuum warranty. Paid $150. When I sold my home in 2006, I left it behind for the agent/new home buyer to use. It was still going strong. Only replacement parts I used in all the time, and I vacuumed almost daily with a yellow lab who shed all the time, were paper bags monthly, belts every 9 months, and lightbulb for headlight after every couple years. All inexpensive parts, easy to do maintenenace items, and do-it-yourself repairs.
Carmine A. DiFazio
BTW, FWIW, if I recall correctly GoVacuum is a competitor of the vacuum store where I bought my RICCAR. Both GoVacuum, and the store, whose name escapes me now, where I purchased my RICCAR are small local family owned and operated businesses. Both highly rated by BBB and in the vacuum business in the same locations for many years.
Carmine A. DiFazio
gogo: have to agree with you about the comments these people make. actually sometimes when i sift through the name calling they actually come up with some good points for discussion. problem is they seem filled with not only hatred but spew a type of racial response. makes you wonder about thier mannerisms. wouldn't ever had lasted where i grew up.
Obama is coming up with a list of bankrupt solar panel maker to buy from.
The DNC is coming up with a list of gas stations that charge more tha $4 per gallon.
I echo the post by J Schillmoeller, FOS why would the republicans have to make a list? Why not your chief Obama? Why not you to show your true colors? Why not look at your email and find it has already be done? http://www.madeinusa.com/
To be sure there are companies that say made in America but really do not, after all it is a global economy, but Frank, on behalf of the Republican party I present to you this list of made in America. Enjoy! And please report back to us your purchases and support you have given the USA!
RE J. Schillmoeller, 0923 post. If gov. employees make such a considerable amount of money more than similar employees in the private sector, what does that say about "private sector" employers? Here's what; private sector employers will pay AS LITTLE AS POSSIBLE to their employees, regardless of skills and/or knowledge. "If you don't like it, there's the door" is and has been their mentality, especially here in Las Vegas. An unskilled workforce in menial job descriptions has always been the bread and butter of private sector employers here. Deal cards? So what, there's plenty more where you came from. Park cars? So what, same scenario. Clean guest rooms? Likewise. The list goes on and on. If you're a viable, employable individual with REAL JOB SKILLS, go out and apply for a government job. Blogging from, or being from Chicago spells it all out for me; you're probably retired from some fat cat government job in Illinois, and just love to shoot off your mouth. If Chicago is so awesome, GO BACK.
Comment removed by moderator. Off Topic
RE J. Schillmoeller post at 1652. I am aware that dealers, valet parkers, etc. make a good living. That does not change my premise that these folks make minimum wage, and their gross income is almost entirely related to tips. Most dealers, valet parkers are, at most, high school grads, and in some cases, dropouts who know they can make a living far beyond their abilities based on TOKES ALONE. YOUR OWN STATEMENT PROVES MY CASE: "If you don't go to school,drop out and have no marketable skills beyond manual labor then you are subject to being at the bottom of the pecking order". EXACTLY MY POINT! Only in sh*t pits like Vegas can these otherwise unemployable drones realize the "AMERICAN DREAM". They could not even gain entry level in most government jobs, that you are so vehemently against. Yes Joseph, private sector jobs are based on ability, and in most cases, there is no "ability" required. For every private sector job, there are currently hundreds of "qualified" applicants. Are they TRULY QUALIFIED?
RE J. Schillmoeller post 1740. You neglected to post my entire premise, which was, are they TRULY QUALIFIED. No, Joseph, most people DON'T TAKE EDUCATION SERIOUSLY. Until recently, the semi educated COULD make a better than average income. The new paradigm is, most definitely, education, but in the end, the MOST QUALIFIED, or juiced, do get the job. I do believe that education in this backwater, third world toilet state is of the utmost importance. Too bad that our "No new taxes" Norquist clone governor, and our "how do I get out of here" legislature put his/their own political viability above educating the current and succeeding generation(s). I totally advocate increased spending for education here and everywhere. If we want to reach the next level in our economy, education is the key. Meanwhile, the "big, bad business people" WILL do what they want here, which is to continue to hire semi illiterate folks to deal cards and park cars. That's the way it is, and that's the way it will continue to be.
Comment removed by moderator. Off Topic
RE J. Schillmoeller comment at 1854. Your comment stating that 90% of the jobs in America are "service" jobs and diminishing amounts of manufacturing jobs. That means education is a must...". The comment is correct but an oxymoron! There is no "educational requirement" to deal cards or park cars. I have to envision a society where no one deals card or parks cars to see any future for Nevada, and on a much larger scale, the United States. "Norquist represents the federal taxation of Americans"??? Please elaborate. He represents everything that is anti tax and anti government in the US today. If that is what you meant, OK. The local funding of education in Nevada is abysmal, and you are right, it begins at the local level. You nor I control property taxes, but you must admit, this governor and the previous one have done nothing to enhance education funding levels. We have one of the worst per capita spending levels per pupil in the US.
RE J. Schillmoeller. Once again you pick and choose portions of a post I make to twist it to your own ends. Quote: ..."the fact that everyone who served in our military is sucking at the teats of government". First of all, everyone who has served in the military does not automatically get continuing benefits or pay simply for having served. Not true, nor is that what I stated. West is a disgrace to the uniform he wore, and if he wasn't an officer, his misconduct in Iraq would have resulted in courts martial and discharge from the Army. Since he was an officer, he was allowed to "retire", just as I posted. This makes him a teat sucking parasite, IN MY OPINION. I served HONORABLY for 20 years, and I am proud of my service and the retirement pay I EARNED HONORABLY. Only a few who ever enlist in the military actually serve to retirement eligibility. There was no intended disparagement of anybody's service to our country, whether they serve one hitch or make it a career. Maybe now Joseph you are, in fact, "educated" on what I really said in my previous post.
Armando.....Good letter.
YES, BUY AMERICAN!
We also need to bring back OUR AMERICAN JOBS FROM
COMMUNIST CHINA.
We can do this.
We MUST do this to save our country.
My cars are MADE IN THE U.S. BY UNION WORKERS!!!
LIVE BETTER/WORK UNION!!!
AND ALSO.......
We need to keep voting DEMOCRATIC to save our
country.
NO MORE GREEDY, TRICKLE-DOWN REPUBLICANS!
"YES, BUY AMERICAN!"
What brand vacuum do you use and where was it made TEAMSTER?
Carmine A. DiFazio
Anyone else care to answer my question to TEAMSTER? Feel free to do so.
Carmine A. DiFazio
"My cars are MADE IN THE U.S. BY UNION WORKERS!!!"
So are mine. Both Fords. The auto maker who refused the Gov't bailouts.
Carmine A. DiFazio
If you want a vacuum that wont clog up quit cleaning and blow dirt all over your home buy a Rainbow vacuum made in America since 1932 ...http://en.wikipedia.org/wiki/Rexair
Good choice. Heavy when filled with water. Expensive at $1700, if bought new, but also requires maintenance after each use to dump and clean out the dirty water and store for the next use. Many previously used can be found for less on line and at vacuum stores who sell and service Rexair/Rainbow.
If you are a Consumer Reports reader and follower, you may want to read and research the ratings they give to Rainbow's too.
Carmine A. DiFazio
Carmine.....
I don't vacuum, I use a leaf blower.
I'm trying to find one made in the U.S.
Apple is an American company, but none of the iPhones and iPads and Macs are made in America.
Toyota is not an American company, but virtually every Toyota on America's roads were made in America.
I'm so confused as to what to buy.