Comments about ‘Innovation, reform necessary to get economy growing again, experts say’

The problem with too many corporations is that they off-shore the labor so that when new products and innovations emerge (e.g., iPad), the scale-up for production is sent overseas. Thus, those manufacturing jobs that were the backbone of the American middle class is largely gone (e.g., autos).

With service centers also sent overseas, small business is crucial for the creation of domestic jobs.

Also, the federal government needs to focus on domestic industries that CANNOT be outsourced. Domestic renewable energy development is a model example -- can't ship solar panel and wind turbine maintenance overseas when they're in your backyard. Too much of our tax code benefits corporations and industries where profits and jobs go overseas.

The government needs to focus on growing the economy -- the more output and jobs created, the more tax revenues that can come in to support needed government services.

OH COME ON NOW - Innovation, reform necessary to get economy growing again, experts say, yet don't do this, well, talk is cheap.


Trade Balance: Insufficient Export/Import Ratio

We are all painfully aware that the US has not produced sufficient exportable product to support its standard of living for many years. Manufacturing in the US has been in steady decline since the 1960’s and the excess spending during the Vietnam War. It has been 50 years since the US had a balanced budget (forget Clinton's social security slight of hand). Over the last 10-15 years the US has seriously compounded this problem by accelerating the de-industrializaton of America without a strategy to replace salable export product. Corporate industrial strategies of outsourcing, downsizing, and off-shoring were never countered other than by an excess consumption splurge which fostered massive real estate and retail expansion distortions.

Simply said: A US Service Economy that is based on 70% GDP consumer consumption does not pay the bills!

For a brief period of time following the dotcom implosion, the US operated as a mercantile "Financial Economy" that turned out to have been nothing more than a historic illusion.

Brother Chuck Shroeder you are inspired and knowledgable.

The Unions and corporate bosses have sure helped us export our production. We passed the ball to Japan and they ran with it. How is that for a game changer. The new Government Motors is a farce that foreign auto makers will soon destroy. GM should have been forced to take their medicine like every other entity that lost it's way. We are living under a cloak of lies and deceit fabricated by a youthfully elected Obamanism. We have not yet paid for our follies.

Baron Scarpia, you sound like one of my grandsons.

Do you really want us to become the "grease monkeys" in our world economy? Or the head of janitorial services? Really.!!

If we had our heads on straight we would be building our own wind generators, not the Dutch.

Re: Elcapitan | 10:43 a.m. Sept. 10, 2010
Brother Chuck Shroeder you are inspired and knowledgable. The Unions and crooked corporate bosses have sure helped us export our production. We passed the ball to Japan and they ran with it.


Reply: Thanks. But ask yourself this. In America these days, any time you hear about a mass production line, (other then Union bosses, who is on them, "illegal's" that's who.

Corporate America is too concerned about short-term numbers. Innovation is usually a long-term commitment. When the bean-counters are only interested in the next few quarters, it is no wonder innovation is stifling. Plus, American tech workers are the most innovative in the world. But to make next quarter's books look good, the American tech workers are being replaced by overseas workers and imported workers on worker visas.

innovation and reform will start in the senate when hatch is replaced by a conservative.

Without unions, Americans can compete with the Chinese by demanding to become wage slaves. It's an interesting contradiction to Germany who builds the cars conservatives dream of owning using union labor. Maybe German businesses are just more patriotic to the nation and the people that gave birth to them.

I bet when these same American corporations are threatened overseas they expect our government to recapture their ships or protect there oil interests.

"We are living under a cloak of lies and deceit fabricated by a youthfully elected Obamanism."

Why wasn't the S&L bailout deceitful? Conservatives did it and it cost 3% of our GDP and not the 1% TARP as cost.

Lets see how the IPO goes. This is about conservatives values. We have no more control of the fact we own now than those soldiers on landing craft moving to Utah Beach. If we own part of GM; GM succeeding benefits all Americans. Notice conservatives want GM to fail so we have no return on our investment.

It a conservatives had been at Normandy they would have been urging troops to jump ship.

not_scared,
we already have wage slaves in this country - they're called illegal aliens or undocumented immigrants. Of course, the left wishes we had more of them.

a quick websearch revealed that German corporate tax rates were 25%, 10% less than ours. Maybe that's why they can affored union labor.

I don't want the domestic automakers to fail; I'm just upset that the unions were given priority in bankruptcy court over the secured creditors, including public employee pension funds in at least 1 state. The unions held waaaay too much sway in BK court. Secured creditors, not the unions, should have been given stock in the restructured companies.

If conservatives had been in charge in the UK in the mid 1930s, the landings at Normandy might not have been necessary. Had Hitler been kept behind the Rhine, before he had a chance to build up his military power, he might not have survived German politics. but the Obamanesque Chamberlain thought talking nice would appease ol' Adolph. Landings at what beaches will become necessary because of the current appeaser in chief?