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Fascinating article: How the Crash will reshape U.S.

Discussion in 'BBS Hangout' started by Fatty FatBastard, Mar 9, 2009.

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  1. Fatty FatBastard

    Fatty FatBastard Member

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    #1 Fatty FatBastard, Mar 9, 2009
  2. Pizza_Da_Hut

    Pizza_Da_Hut I put on pants for this?

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    Phoenix isn't even mentioned! Why do you hate Photown? haha
     
    #2 Pizza_Da_Hut, Mar 9, 2009
  3. Fatty FatBastard

    Fatty FatBastard Member

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    Yes it is.
     
    #3 Fatty FatBastard, Mar 9, 2009
  4. Davidoff

    Davidoff Member

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    Anyone want to give a quick recap for the lazy?
     
    #4 Davidoff, Mar 9, 2009
  5. Lady_Di

    Lady_Di Member

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    Recap:


    READ THE ARTICLE! ;)
     
    #5 Lady_Di, Mar 9, 2009
  6. TheBigAristotle

    TheBigAristotle Member

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    Yall seriously read that entire thing? I'll give yall the nod in attention spans then, lol. Jesus that's a beast. I'll attempt to dissect it later.
     
    #6 TheBigAristotle, Mar 9, 2009
  7. Ari

    Ari Member

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    This part really stood out for me

     
    #7 Ari, Mar 9, 2009
  8. rhadamanthus

    rhadamanthus Member

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    Yeah. I was also pleased to see a rebuttal of sorts to Friedman's dogma.
     
    #8 rhadamanthus, Mar 9, 2009
  9. Ari

    Ari Member

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    This part is amazing to me, it shatters the myths associated with home ownership

     
    #9 Ari, Mar 9, 2009
  10. SwoLy-D

    SwoLy-D Member

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    [​IMG]

    "That's what SHE said!!! Boom, roasted." :D
     
    #10 SwoLy-D, Mar 9, 2009
  11. Fatty FatBastard

    Fatty FatBastard Member

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    Really? I mean really?
     
    #11 Fatty FatBastard, Mar 9, 2009
  12. pgabriel

    pgabriel Educated Negro

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    Really good read.
     
    #12 pgabriel, Mar 9, 2009
  13. weslinder

    weslinder Member

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    It's an interesting article, but I dispute one of their theses:

    We can't have fewer manufacturing jobs and ever see the other side of the crisis. The real root cause behind the depression is that we have consumed more than we make for decades, enabled by cheap credit. With a lower dependence on credit and greater savings rate, we will have the capital to rebuild manufacturing. It may not be GM and Chrysler, but we will make something.
     
    #13 weslinder, Mar 9, 2009
  14. pgabriel

    pgabriel Educated Negro

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    the lack of manufacturing jobs has more to do with technology than anything else.
     
    #14 pgabriel, Mar 9, 2009
  15. wtfamonkey

    wtfamonkey Member

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    completely agree :)
     
    #15 wtfamonkey, Mar 9, 2009
  16. Space Ghost

    Space Ghost Member

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    Manufacturing jobs is generally what creates exports. It doesn't matter what we do, if we do not export and we get over the current problem, we will only be patching the problem, not fixing it. Putting the dollar in a washing machine will not fix our problems.

    Something else we can do is work on bring more tourism into the US. Also, we need more US based companies overseas which provide services and are taxed by the US.
     
    #16 Space Ghost, Mar 9, 2009
  17. SwoLy-D

    SwoLy-D Member

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    "Yeah. Why not? I mean, well, [stammers] I just... ahhh blargh... [looks down, shakes head, walks away] :eek: " - :D
     
    #17 SwoLy-D, Mar 10, 2009
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