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06:56 PM on 03/12/2010
I'd like to see a moratorium on fees, permits, and filings at the state, county and local level for entrepreneurs to be able to start up businesses. My town is so eager to grab onto increasing property taxes that they make you permit practically everything. This slows down and prevents work that people would like to have done. It's supposed to guarantee "coded" work, but uncoded work still gets done. If they would just do a two-year moratorium, a lot of business could get done, out in the open.
08:24 PM on 03/12/2010
Great idea, but not going to happen. As states and municipalities get broker and broker, they are going to keep tacking on more licenses, fees, permits, fines, penalties, etc on small business.
06:44 PM on 03/12/2010
We had better cut taxes so that billionaire investors will have more money to buy stocks in foreign companies.
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jamenta
There are other human values besides greed.
07:58 PM on 03/12/2010
Well at least now foreign billionaires can invest in campaign spending so they have more influence over who is running our American government - considering the most recent supreme court ruling allowing unlimited corporate funding of American elections.

It's all good. Why worry now?
06:28 PM on 03/12/2010
Are there any executive actions or budget actions based on reconciliation that would help the struggling middle class?

There is no hope of Congress passing any serious legislation as long as the filibuster rules. Maybe they can change that rule at the start of the next Congress assuming the Dems are still in power, but thats a long way off.

If not, what good is an article like this. Republicans aren't going to listen to it.
08:25 PM on 03/12/2010
Yes. After the next reconciliation, us middle classers will be mandated to buy more health insurance.
06:24 PM on 03/12/2010
No empire yet has survived institutionalized greed, lust for military power and a corrupt populace unwilling to change its values. So until we decide we don't want to stay on this this path, news like this will become rote.
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jamenta
There are other human values besides greed.
08:05 PM on 03/12/2010
Indeed. If human history teaches us anything ... our country is in for a very rough ride ahead. I think many people are under the illusion that real suffering and real loss cannot occur, or that those who are incredibly greedy will suddenly become moral contributors to a society.

When the government has been hijacked by the aristocratic wealthy - as it has been in our country IMO, you will see a ever so steady decline into poverty and unchanging high unemployment for a good majority of citizens in a country that serves not the people - but the few elite.

It has happened in history before, and it is happening again right before our eyes. We are just witnesses to it. And how sorry and sad it is to live in such a time.
06:09 PM on 03/12/2010
John Maynard Keynes, where are you when we need you? Again.
I remember an old cartoon from, I think it was the New Yorker. Several obviously well-heeled older gentleman are sitting in their club chairs sipping martinis and enjoying their cigars. One of them says "I don't like 10% unemployment either, but I can live with it". The cartoon was from years ago, so I've had to update the number.
The officially tolerable level of unemployment used to be, what 4%? We seem to keep ratcheting it up. Given the fact that both the big corporations and the very rich are dong fine, I think we have real reason to fear that once unemployment dips below double digits that may become our new level of tolerable unemployment. At least until we get some public servants who choose to make job creation a priority.
06:08 PM on 03/12/2010
Well, maybe this admin can assert that 10% unemployment is now the new threshold. In other words, anything OVER 10% will be considered a problem, anything under 'good times'. Start from there...
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jamenta
There are other human values besides greed.
08:35 PM on 03/12/2010
Lots of American slaves willing to work for cheap. As long as slave market is strong, the wealthy should prosper more. That's what America is for right? Capitalism?
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Weirdo
It's a Wall Street government
09:12 PM on 03/12/2010
And capitalism is for the capitalists. It's for people with wealth, to build wealth and be wealthy. Even pushing a few crumbs off the table to employ people to run a factory has been a thorn in their side since the beginning. But, they shouldn't have to worry about those thorns anymore, now that they've nearly succeeded in completely severing themselves from the rest of us.

It's laughable to hear people still talk of a rise in the stock market as if it's a harbinger of good things to come. Just a few more blows to the head, and maybe the American people will finally realize how hard the wealthy have been at work screwing them all this time.
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Mike Kopac
06:07 PM on 03/12/2010
great analysis now where is the SOLUTION

BUY AMERICAN MADE Products

what Kind of cars do you own professor?

I have a Sebring, Jeep and Lincoln LS all built by union workers in the USA
I have been buying American union made products my entire life...if everyone in the USA
did what I did the country would be a far different place

did I have great foresight, perhaps some, but mostly it is common sense. Growing up in a PA steel town helped a lot too.
06:19 PM on 03/12/2010
The only pronlem with your argument is that Sebrigs were made in Mexico using 87 percent non American parts- the same holds true for your Jeep unles its a Wrangler- or maybe Canada- the Lincoln is proboally American- The TOYOTA Camry is 100 built in the US with US parts- Its actually ore American than EVERY Chrsyler car by content- Its not as simple anymore
06:34 PM on 03/12/2010
Yes. These days it's difficult to tell if you're supporting American workers just by buying from an American company.
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ICanHasDemocracy
06:07 PM on 03/12/2010
At some point all this rearranging of sham assets by the uber rich will become so de-valued that they will be forced to come down off their lofty perches and actually adjust their 10K's to reflect actual fair market values. Or maybe not, as they sell out America to the highest creditor.
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jcaunter
INTJ
06:04 PM on 03/12/2010
Bush, err, excuse me, Obama has bought wholesale the notion that what's good for Wall Street is good for main street... eventually. This is the reason that he's still giving Big Corporations more money while begging the public to be "patient".

You are absolutely right that Geithner and Obama are firm believers in the theory that if people feel good about the economy, they'll spend money. That's also the reason that everyone in the administration spins or monkeys with every economic number the government produces. The problem is that unlike previous recessions, Americans don't have money anymore; Reagan, Clinton, Bush and Obama economic policies have concentrated the wealth of America into the hands of the top 1% and the rest of the Americans are pretty much tapped out on debt, so there's no money to buy the rich business person's product even if people do feel good about the economy.

In short, we are circling the drain, and in this latest "recession" that Clinton/Bush created we just got a whole lot closer to going down the tube.
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jamenta
There are other human values besides greed.
08:24 PM on 03/12/2010
I honestly believe we are right now going down the tube ... considering how many Americans have been unemployed now for what looks like a record period of time. That ... and the large number of middle class Americans losing their homes.
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02:32 AM on 03/13/2010
We are watching an unfolding failure of rabid capitalism. The question for all of us is whether we are brave enough to admit it and course-correct in time to prevent total self-destruction, or we continue to keep our heads in the sand and cultivate the outmoded myths of our exceptionalism, indestructibility and other such nonsense, while going down and taking others with us. So far it appears that we, collectively -- and that includes our leaders -- are hell bent on the latter.