The key question going forward is whether the current economic soft patch is going to be modest and transitory or something more significant. That two out of three Americans say the U.S. economy is "getting worse" -- approaching the high for the year -- suggests many consumers may see something more significant coming in terms of a summer slowdown.
What are your thoughts on the US Economy?
Answer by yourspecialkid at 4:20 PM on Jun. 14, 2011
I have a feeling that this summer is going to be as big of a flop as last summer, if not worse. With our government not making decisions about cuts in spending it seems as though we are in a standoff and it's going to continue to drive this lack of consumer confidence. People are seeing that we haven't had a budget for two years and the result of our over spending is becoming apparent. The benefits touted by those that favored the stimulus and other spending programs have not panned out like they were claimed and people are just sick of hearing about a government that has no restraints. The smart one's understand that it means more money out of their pockets (and their family's mouths) and are likely bracing themselves for the next round of ridiculous ineffective unrestrained spending.
Answer by QuinnMae at 2:00 PM on Jun. 14, 2011
Answer by jesse123456 at 4:34 PM on Jun. 14, 2011
My thoughts are nothing will dramatically change unless we stop the purge and start attracting manufacturing jobs.
Our trade agreements need to better benefit US and not everywhere else
The WARS and their burden on our economy need to be discussed...its the elephant in the room no one wants to touch
and the entire tax system needs to be simplified and adjusted
Answer by sweet-a-kins at 1:37 PM on Jun. 14, 2011
Answer by Anonymous at 1:38 PM on Jun. 14, 2011
Answer by ImaginationMama at 1:59 PM on Jun. 14, 2011
What specificially you DO feel they have negotiated in their favor? You are speaking in general terms and using an opinion piece as your argument. Are you saying you agree 100% with this opinion piece?
No, I said its a good example and talks about the % tilted in their favor..such as
one way is by requiring 55 percent of a product's content to come from Korea or the E.U. in order to qualify as an E.U. or Korean product.
On the flip side, the Korea-U.S. agreement requires only 35 percent of a product's content to come from the U.S. or Korea. This means is a majority of a product's content can come from China, Mexico, Indonesia or elsewhere and still receive duty-free benefits under the agreement.
Answer by sweet-a-kins at 2:03 PM on Jun. 14, 2011
That article gace specific examples
also, There need to be stricter laws about American companies having their operations overseas...They should be heavily taxed
Answer by sweet-a-kins at 2:05 PM on Jun. 14, 2011
grly, here is one article that talks about how OTHER countries are now benefitting MORE than the U.S. in the trade agreements. I think this is ONE reaso China has given us so much..they have negotiated their in their favor..and can do so because they have leverage. This in turn hurts our economy, jobs situation and helps theirs
Answer by sweet-a-kins at 1:49 PM on Jun. 14, 2011
If, for example, you tax and American company operating in Korea. Are you taxing them more for their American operated offices/plants too? Or just for their international offices? Then are you also wanting to tax the Korean businesses that open up in America? I am trying to gage Where YOUR opinion is... Not that of articles.. Unless you trily believe in both links 100%...
No, any company that is based in the USA should have a MAJORITY of its manufacturing operations HERE. If not, than YES, the COMPANY as a whole should have a huge TAX paid.and a flat tax for companies that have majority of their operations HERE.
They are ultimately circumventing our labor laws, there should be a fine for that as well
Answer by sweet-a-kins at 3:24 PM on Jun. 14, 2011