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4 Bumps

Let's talk about the REAL ISSUES.... The Economy?

U.S. Economic Confidence Plunges in Early June

 

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? 

 

 
grlygrlz2

Asked by grlygrlz2 at 1:27 PM on Jun. 14, 2011 in Politics & Current Events

Level 39 (106,530 Credits)
This question is closed.
Answers (49)
  • Sweet, refresh my memory...how many businesses do you own?

    The answer of course is NONE. If you were a business owner especially a manufacturing one you would never have laid the problem on the "management." Labor is the largest expense of most businesses. You just can't get free of the green eyed monster can you?
    yourspecialkid

    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.

    QuinnMae

    Answer by QuinnMae at 2:00 PM on Jun. 14, 2011

  • I don't need a chart or a graph to know the economy hasn't gotten better and is actually worse. My barometer is the housing market. My husband works in a field that relies heavily on the new housing construction. It is so bad that G-P is closing an OSB mill that use to cut 1 million board ft/month. It will not be reopened. This is a HUGE indicator of how the economy is doing. My confidence in the economy is below the standard deviation to the negative end. There was a meeting yesterday about what to do to ride this out until it turns around. You know. The turn around that has already happened according to PBO. Luckily, people still use paper products. Until construction returns, our economy is in the tank. Almost everything hinges on the new construction of anything people live in or work in.
    jesse123456

    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

    sweet-a-kins

    Answer by sweet-a-kins at 1:37 PM on Jun. 14, 2011

  • I live in a state that was actually fairly mildly affected by the burst of the housing market, and it's still rough. We've being trying to sell our nice, inexpensive home for some time... and we just can't compete with foreclosure homes.
    Anonymous

    Answer by Anonymous at 1:38 PM on Jun. 14, 2011

  • Because of the rising fuel costs, the unemployment status and the recent report of decline in the housing market, I don't have a good feeling. We talk about a double dip, but noone really wants to believe it. There are people who have been out of work for 3 years, who have completely stopped looking for a job.
    Many people have either had to cut down on everything, or are hoarding their money instead of investing in the economy.
    It is not a good picture.
    I think the reports of the economic "turnaround" were premature . . an attempt to get people to spend in the shortterm.
    We are still in the hole. It is not better, and won't be for a long time.
    Meanwhile, gas prices are through the roof, and prices of everything are escalating.
    No es bueno, mija.
    ImaginationMama

    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.

    sweet-a-kins

    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

    sweet-a-kins

    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


    http://www.startribune.com/opinion/otherviews/123582059.html


     


     

    sweet-a-kins

    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

    sweet-a-kins

    Answer by sweet-a-kins at 3:24 PM on Jun. 14, 2011

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