Pompey Road’s Recent Comments

• Click here to view comment in original post

  Blowing Bubbles:

  Not afraid of competition, just want a level playing field. We can't keep tying to maintian a middle and working class on economic bubbles based on credit. A consumer economy at the mercy of a manufacturing economy who just happens to be our  banker..Does this make sense?

  I have no problem with sharing the manufacturing pie, but green manufacturing is our ticket back to whatever is normal when we come out of this nightmare. I don't think the realities or perception of our pre depression economy will be relevant on the other side of this deep economic down turn. There are some manufacturing China will be more suited for and some that will be right down our alley if we can take R&D to the finished product quicker.

  They can have most of the heavy smoke stack industry, if they can do it without polluting. We just really need to watch who we give most favored nation trading status to and then give up all our leverage on co2, pollution, child and prison labor, human rights, you name it. China is in the catbird seat as far as trade negotiations and keeping the dollar afloat.

  When you get to quick to outsource and dump your legacy cost at any cost you make bad deals. Britian lost Empire and it will happen to us. A large part of our finiancial problem is the expense it takes to maintain empire. We come out of this number 2 or 3 as far as being an economic power. I can live with that, just so long as we don't become a banana republic with nukes. I know of no country in history that can survive for long without a strong middle class.

  If the model is European socialism thats fine with me also, not picky about economic models either. It just strikes me as peculiar that China has become more capitalist than we are and a strong manufacturing base grew their middle class and no one will admit to this being the reason for their success story.

  Manufacturing is not a dirty word, balance of trade and a healthy GNP depend on it. Excuse me if I can't seem to get over the nostalgia of our glory days when that model made us the largest economy in the world with an affluent and educated middle class.

  The eons of time and nature was good to us down here. It was not until we become civilized that destroying our habitat become fathomable or fashionable.

  On A one-time cheerleader for hyper-consumerism lays down his pom-pom posted 8 months ago 16 Responses

• Click here to view comment in original post

  Economic Engine that could:

  Bob,

  I am encouraged the new administration is said they are going to close some tax loop holes, tax incentives for taking production overseas. Mr. Obama campaigned on stopping outsourcing jobs, to what extent he accomplishes this will determine if we get to keep those green manufacturing jobs. Granted we will get some construction jobs out of this. Of the 15 major wind turbine companies GE is definitely in the mix, I do not know if they farm any of the components out or not. The problem will be the lop sided trade agreements we have entered into. I noticed some early complaining about the Economic Recovery Plan trying to specify U.S. materials for the projects paid for with ERP money. I fear we have also given our sovereignty to the WTO and of course as soon as you try to mandate that you actually build something here everybody starts crying protectionism.

  Our banking industry is in shreds, I don/t know if China will provide capital to fund manufacturing on components that they want to produce. I don't know why they would want to capitalize the competition. Saudi Arabia has us over an oil barrel, China has us over a money barrel.
  

  The eons of time and nature was good to us down here. It was not until we become civilized that destroying our habitat become fathomable or fashionable.

  On A one-time cheerleader for hyper-consumerism lays down his pom-pom posted 8 months ago 16 Responses

• Click here to view comment in original post

  Got a Yen for Dollars:

  Been a downward spiral since we gave Most Favored Nation trading status to communist China. Foreign lobbyist are as lobbyist go, the most dangerous kind. The 30 years rush to outsource every manufacturing job we had to sustain a middle class was a failed experiment.

  How do you produce green manufacturing jobs when we don't build anything anymore?

  Those T-Bills are going to have to be serious interest bearing if we keep going back to the well. Especially after out GNP Debt gets more out of sinc. Our bonds will have a junk rating before the year is over if we are not careful.

  The eons of time and nature was good to us down here. It was not until we become civilized that destroying our habitat become fathomable or fashionable.

  On A one-time cheerleader for hyper-consumerism lays down his pom-pom posted 8 months ago 16 Responses

• Click here to view comment in original post

  Multi-Tasking:

  
  Economic recovery, housing mess, credit log jam, Health Care, two front war, terrorism, global warming. Plus some major issue's I know that I have left out.

  Obama's got a lot on his plate right now, I sure hope he can deligate and has surrounded himself with the right people!

  The eons of time and nature was good to us down here. It was not until we become civilized that destroying our habitat become fathomable or fashionable.

  On Mixing climate and energy legislation in the same bill is not a good idea posted 8 months ago 10 Responses

• Click here to view comment in original post

  Coal Dust in the Wind:

  In reality that would be China and you are correct outsourcing will prevent any of us from partaking in any of the green manufacturing jobs. Corporate lobby gave our sovereignty to the WTO and we have no say or bargaining leverage left with China our major lending institution that we owe our soul to got the next two generations.

  30 year plan to dump all manufacturing to cheap labor, no environmental cost, no health care or retirement cost has stripped the economy of good middle class jobs. The trend of putting your money in Switzerland or offshore means no one is paying taxes but the middle class.

  Most of the middle class is now losing that 40 X 100 lot and could not afford to buy a renewable or sustainable anyway so its all a moot point.
  

  The eons of time and nature was good to us down here. It was not until we become civilized that destroying our habitat become fathomable or fashionable.

  On Obama says there's no need to choose between sustainability and the economy posted 8 months ago 9 Responses