idoiwill wrote:
thebatter wrote:
I don't have ideas about economics. I am talking about my 25 years of business experience, including years of consulting to businesses that need to re-engineer themselves. I have had some high level jobs in large businesses, and my father was the CFO of a Fortune 100 companies. My sister is an executive at AT&T. I grew up in corporate America. I don't know why you're giving me the biography on Friedman. I studied him in business courses. I base my posts on what I learned in the real world, and I'm a student of business and business models for many years.
You say that know Friedman, but that your theories about economics are not coming from there. But your theories are very closely aligned with Freidman's and they have been tested in countries. They fall under their own weight.

At this point we need a government that will help us stimulate the economy, this includes creating jobs, and putting money towards research. We need a government that is smarter than our companies. Because GM had the electric car, but let it go. Now it is rushing to catch up, but it doesn't have enough cash to keep going till 2010. I guess we go with capitalist and let it die a natural death.

If we don't have the government get involved in business with bailouts and more regulation, I can guarantee you, that we are in for a very deep depression. It will be so deep that at some point we will all become socialists except those at the very top. The New Deal wasn't just to help the poor, it was to prevent our country from going the socialist root.

You know we have tried trickle down economics for the past eight years, while we lived off credit and a fancy financial ponzi scheme, we didn't produce more. And now the house of cards is starting to crumble.



I know who Friedman is. I wasn't sure why you posted a short bio of Friedman. Like I said, my feelings about business is based on a lifetime study of business, as well as total immersion in business. In other words, experience. Warren Buffet isn't a business expert. He's an investment expert. Not at all the same thing. I've yet to see Obama parade out someone who is a business expert. I'd say he should bring in the CEOs of Cisco, or Wal-Mart, or companies like that. But they supported McCain, so we probably won't see them.

It wasn't "trickle down economics". People way overuse that phrase as if it means something. Businesses create jobs. Poor people don't create them, middle class people don't create them, and the government most certainly doesn't create them. In order to create more jobs, you need to make it logical & cost-effective for a business to grow & add jobs, not cut them. Over taxing them, and taking their money from them (to give to everyone else) is not the way to encourage them to grow.

If you employ people to do work for you because you can afford it (housekeeper, babysitter, landscaper, etc.), and your income was diminished, you would logically and without hesitation take those jobs away from the people who you hired to do them. It's no different for the businesses. People are so swept up in Obama's "spread the wealth" concept that they have somehow convinced themselves that the businesses will continue to dole out jobs to them. It will bite this country in the ass in a big big way.

And if the Unions are given their way, and secret voting is gone, the Unions will take more power. You have to pay an American worker an average of $42,000 to a do a job that you could pay a Chinese worker $4000 to do. And they don't expect benefits, 3 weeks vacation, leave for being sick, leave for having babies. You don't have to pay heavy insurance for workmen's comp. You don't have to pay huge Social Security taxes on them. If you had a choice of paying someone 1/10th to do the exact same job in your household, you'd do it. Don't act surprised when the businesses do the same thing. And they will. They are already planning it.

A government which robs Peter to pay Paul can always depend on the support of Paul - George Bernard Shaw