Rahm Emanuel, D-Ill., wants a new "New Deal" for America.
Does the New Economy need another "New Deal"?
With the financial market reeling from the collapse of investment banker Bear Stearns, public confidence in the U.S. economy continues to plummet. Three in four Americans now rate the economy as at least somewhat bad -- the highest percentage in more than 15 years -- and the same number say they think it is getting worse, according to a new CBS News poll.
Rep. Rahm Emanuel this week called for a "New Deal" for the new economy. " Over the long haul, the only answer to the economic anxieties that many American workers feel is a new social contract that Americans can count on -- no matter how stiff the global economic competition turns out to be," Emanuel wrote in the Wall Street Journal on Wednesday. But is government the cure for what ails the American economy? Or should Congress step back and allow market forces run their course?
Thoughts
Only 21% of the jobs in the
Submitted on March 21st, 2008 by AnonymousOnly 21% of the jobs in the US actually REQUIRE a college education. At an average cost of $14K-$33K per year, why are so many people going to college? I spent close to six years in the Marines, and then learned a trade once I finished my contract. With my current benefits, I will make over $80K this year, without having a college degree. If we cut back the amount we are forced to spend on unnecessary education who much better off would we be?
Economy
Submitted on March 21st, 2008 by AnonymousI agree that all people should some kind os trade school. I would also be cocerned about who teaches those schools. Some schools have professors that are anti american, pro comunisum, and many more things that I can miss spell.i joined the military because I knew I was not an A student. I learn more in a hands on way than threw books.Did our school systems do away with shop classes because of danger of being sueded? Some did.
A nation of savers -- wouldn't that be nice
Submitted on March 20th, 2008 by 2centsI don't see how anyone can save money. All of their (2 incomes these days) go to taxes (illegal tax on labor - repeal the 16th amendment and enact executive order 11110) and interest rates.
It is time to legislate new banking laws and discontinue the monthly compounded interest rates on the unpaid balance of a primary residency.
A one time usury fee is what is needed. This country would be revitalized w/ a new source of spending and saving. Shed the yoke of interest rates and save America from the central bankers clutches.
Life Support
Submitted on March 20th, 2008 by AnonymousSo how long do you keep a broken system on life support. I think we have reached the point where the "big boys" have been saved one too many times. Allow the system to correct itself and the "good old boys" to die out and or face the decisions that they have made head on. If government is to step in and make a new deal let that deal be aimed at personal responsibility not at who can find the best scape goat. If a company has to write off millions due to bad choices by leadership, then the second half of that corrections should be those golden chutes getting taken apart and passed to the people the most impacted by those bad choices. The top gets bailed out too often by the middle class, time for it to work the other way around. That would be a better approach for a "New Deal".
We need to enforce the laws
Submitted on March 20th, 2008 by wishnevskyWe need to enforce the laws we already have. Bush has given "The Market" a license to steal, and they have stolen everything that wasn't welded to the deck. And as usual they have stolen so much that they have come close to destroying the system.
Junk Bonds, Savings and Loan, Dot.com Bubble and now the Credit Meltdown. Perhaps i forgot a few. Always the same pattern, always the same perps, always the same government bail out of the big guys, always the middle class investors are left to bail themselves out, or sink without a trace.
Ho hum, business as usual.