Originally Posted by
bionicarm
http:///forum/post/3098886
I completely agree with everything you said. On that note, what do you do to turn it around? If businesses increase their prices, people will buy less. If people buy less, you have the same effects as if they lowered their prices.
I actually take no credence in the value of the stock market being an indicator for the economy. The day traders and short sellers have too big of an impact on market trends. The news throws out some doom and gloom, or some 'financial expert' makes some hokey prediction, and the DOW index drops 200 points in one day. Whose that guy on one of the financial news shows that did that one stupid prediction, and it tanked the DOW for almost 500 points? I remember him coming on TV the next day apologizing profusely for his blunder.
While you may take no credence in it, there are many that do. Do not under estimate the perception the stock market gives. Plus remember, many have their 401 K tied up in it. If the stock market climbs, they feel good...if it stays even for a while, they feel secure. All of these factor into their perceptions and spending habits....It took 1 year of stock market gains after 9/11 for everyone to start feeling better about their place in life for the most part. But as you said, the stock market is volatile nd unpredictable. So this can not be controlled.
So what do you do about the rest. As Forrest Gump said, "I am not a smart man.......' But if it were me, I would ride it out. Every Proposal that Obama has and wants so far, as they are written, has the potential to seriously exasurbate this situation. Every Proposal cost companies money at some avenue or another. No matter how they do it. This inturn eats into profit margins which inturn eat into available jobs...thus increasing unemployment.
He is going after the wrong things right now. Healthcare. Yeah, woohoo...fine and dandy, I have healthcare now...but is my prolonged life better because I am healthy if I am one of the one's laid off to bring this about? Especially if I can not find a job since unemployment has gone up?
Everyone keeps pointing at other countries that have healthcare that is in support of it. Asking, "If they can do it why cant we?". But there are several factors they are not looking at.
France, has healthcare, when not in a recession their unemployment is around 12%.
England, has healthcare, and the recently denied an operation to a person that needed a new liver. He was 22 and had been an alcoholic...he had enrolled in AA and other classes 3 weeks before his hospitalization....denied. He was 22.....
Canada, has healthcare, but in some areas an MRI takes 6 months to have. Many Canadians would go to the U.S. for these procedures and pay out of pocket if they could because their system is overflowed. Saw this first hand as I lived in Minneapolis back in 2001. My brother was an EMT. I would go visit him sometimes at the hospital and 20% of the vehicles in the lot would be Canadian.
These are the three models held up for us to view. All three have serious reprecussions and in the grand scheme of things did the healthcare plan make their countries stronger? I am not sure.
But there is a huge key factor everyone is over looking when using them as models. Their budget does NOT give near the money we give to countries in need. Their Budgets do not have the huge military budget we do, why? Because they mainly use us...Every U.N. action is carried out by 90% U.S. military.
On a global scale what happens if we cut our military to afford healthcare? What happens if we cut our charity?
Every adult has choice on healthcare in the beginning. Most I know without heathcare (I live in New Mexico, the healthcare free capital state of the country) drive vehicles with 450-600 dollar a month payments....They made a choice.
Wait, till the economy rides itself out. Wait and see if the stimulus package starts working. Doing expenditure after expenditure does not solve the problem...and the more bills they pass that are controversial, the more the economy will tank. His approval rating is going down, faster than I thought it would. I think it is because he is trying to do to much to fast...slow down, you have four years...if he passes these two bills now, what will he do with the next three years? He already passed stimulus, if in one year from now things are bad if not worse because he passed these two things (cap and trade and healthcare) then what? He won't change his mind.....he won't repeal them. That rarely happens.