Understanding Macroeconomics and Finance
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Understanding Macroeconomics and Finance
| Fri, 07-29-2011 - 3:54pm |
I am pursuing my MBA and just finished Economics and Finance courses. They have been eye opening as well as reason to be all the more frustrated at what goes on in politics and Media. Media is so much to blame for the way topics are discussed these days. I am talking about all media outlets, FOX, CNN, NBC, NPR etc etc. They never ask right questions, mostly they don't know what are relevant questions to ask. The politicians do nothing but spin whether they are on the right side or wrong.
I wrote some of my thoughts from what I have learned...
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Hi
Well, I think it is due to a toxic business environment that has been created by this government. We have the EPA regulating business so much that they even regulate the air that we exhale. Think that is good for business in this country?
Small business will not hire people or expand their business now because they are afraid of all the taxes, regulations, and fees that Obama has threatened us with.
On top of that, government has been sucking capital away from the private sector and into the bottomless pit of the federal government. You'd have to be nuts to stick your neck out and try to employ people now. Look at the solar plant that Obama talked up a couple of years ago -- belly up!
"Resist, we much. We must, and we much. About that, be committed."
Economic events do not happen in a vacuum.
Ditto the premise that being self-sufficient (and it would be VERY interesting to see how you define that in today's complex and interdependent society) would take power away from politicians. We've had politicians almost as long as the nation has existed. By your logic, the "tea party" would also lose its influence.
As regards health care, I am in favor of a single payer system or a totally free market system (one in which the stranglehold of the AMA would be cast off). What is currently in place is the worst of two worlds.
Blaming government (again?!?!?!) for the mortgage disaster is more than a little disingenuous. There was no policy that said everybody had to have a home and even if there had been (once again, there was no such policy nor was there any such "entitlement"), it need not have led to the bubble which was created when greed was given free rein.
"I am glad that you recognize it is "extremists" who are painting business as the enemy"
Yes, extremists like the democratic party.
I disagree.
We are saying the same things, the housing bubble was caused because of excess demand, this excess demand was caused by lax credit requirements and low interest rates. Permitting bundling as well, all of these things were either controlled directly by government (interest rates, bundling) or overseen by government (lax credit requirements and lax verification of documentation). I will say it again, if anyone anywhere believes any credit analyst or government regulator actually believed there was such a thing as a AAA rated bundle of sub-prime loans, they need their head examined.
Look back over the legislation that's been passed for the last 30 years (all the major legislation). Don't look at the legislation through the eyes of a liberal or a conservative, but look at it from the perspective of consumerism. All major legislation for the last 30 years has been about inducing consumers to spend more or forcing them to spend more.
The problem with America (and Europe) is the consumer is exhausted. They no longer have the money to continue spending. This is why income disparity is a problem. The more capitalistic a society, the more evenly wealth is distributed, the more socialistic society, the less evenly wealth is distributed. We've allowed too much socialism to seep into our economies and the consumer is going broke.
I agree that the consumer is broke.
"The more capitalistic a society, the more
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