Comments on: Next Round Of Foreclosures To Hit Retail

Many Malls, Other Large Commercial Properties Struggling To Make Payments

[bjcone8559]

It is time to institute public works projects to shore up our infrastructure, reduce or dependence on foreign oil, improve our education system and supply the jobs to overcome our current economic problems. We must resort to deficit spending to cure our problems and to make the necessary investment for our future. This is not being liberal or conservative; it is doing what is right.


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Posted by sbanicki


EXACTLY!!

I would add, however, deficit spending is already in full swing.

[formrusmcsgt]

Why is the lack of credit choking our economy?

Because way too many Americans use credit as a matter of course rather than saving for purchases, which would require ignoring their immediate gratification impulses.....

[bjcone8559]

The fact is that corporations and "the rich" pay 70% of americas tax bill. I read this information on the US governments own web site regarding the IRS. I also read that all the people earning less than $42k (middle class average) pay less than 10% of the total.

we arent giving them welfare, we are trying to restore American businesses. But I do have to agree, its easier and more fun to bash and call names.


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Posted by machineguy


Attempting to educate you is becoming a monumental task! The ''simple'' reason for the numbers you cited is the top 5% hold 90% of the wealth in this country. The idea that they only pay 70% of the taxes defeats your argument!

[bjcone8559]

Unfortunately, we nor our government have the power to control this decision. Plain and simple, many investors are not American but they have American money. they will either spend it here or somewhere else


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Posted by machineguy



You are absolutely 100% wrong! You obviously have not heard or read about the ''Chicken War''.

In 1962 the European Economic
Community raised tariffs on imported
chicken, effectively shutting U.S. producers
out of a growing and lucrative poultry market.
One year later, the United States retaliated
by boosting tariffs on four products
important to European exporters: potato
starch, dextrin, brandy, and light trucks.
The %u201Cchicken war%u201D was under way.
Forty years later, the truck tariff still
stands at a whopping 25 percent and
nobody quite knows why. It%u2019s a policy in
search of a rationale.
The retaliatory purpose of the truck
tariff was served. U.S. producers, whom
the tariff presumes to protect, dominate
the market despite the fact that the large
Japanese producers manufacture pickup
trucks in the United States (that is,
inside the tariff wall).

[deckardbr]

Maybe it''''s time to outsource our government so we could save a buck or two!

Posted by torva at 01:54 PM : Nov 28, 2008

Downsizing, at the end of a rope, would be better.

[McHineguy]

With the tax incentives, loopholes and other forms of corporate welfare that have been instituted in recent years, corporations pay very little taxes now.
...

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Posted by nowaymcgoo at 04:08 PM : Nov 28, 2008

The fact is that corporations and "the rich" pay 70% of americas tax bill. I read this information on the US governments own web site regarding the IRS. I also read that all the people earning less than $42k (middle class average) pay less than 10% of the total.

we arent giving them welfare, we are trying to restore American businesses. But I do have to agree, its easier and more fun to bash and call names.

[sbanicki]

It is going to take 5-years to repair the damage done to the economy because of our excesses.
Because of foreclosures resulting from poor credit decisions, we have an excess supply of homes on the market that has put downward pressure on prices. It will take sometime before homes are a good investment. Houses will be purchased for the shelter they provide. To compound the problem, the demand for housing is not going to get help from the demographic trends over the next 20-years.
This has resulted in a significant drop of the net worth of households, causing households to adjust their spending habits downward. Because of the decline in household spending, retail sales will fall off significantly and will not recover for sometime. There will be store closings and consolidations causing retail rental rates and values of commercial real estate to decline.
The net worth of Americans has further eroded because of a 40% decline of the stock market over the past year and no one can be sure of when the fall will end. Retirement savers have lost $2-trillion over the last 16-months due to the stock market crash.
It is time to institute public works projects to shore up our infrastructure, reduce or dependence on foreign oil, improve our education system and supply the jobs to overcome our current economic problems. We must resort to deficit spending to cure our problems and to make the necessary investment for our future. This is not being liberal or conservative; it is doing what is right.

[formrusmcsgt]

Malls will become empty monuments to unbridled consumerism....

[McHineguy]

I have suggested twice now that you should probably try reading before you make statements about a particular topic. It would appear, now, maybe you should read your own posts. You''''re sounding a little schizophrenic my friend.





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Posted by nowaymcgoo at 04:41 PM : Nov 28, 2008

I was presenting separate ideas to separate posts. Both of my statements are correct as stated. They did move their money and they are bringing it back. But the idea that we can somehow pass laws that keep it here is laughable.

As for reading (implying I do not) you are far off base. I am a proliferate reader and research ideas both supporting my own and contradictory. That is why I am on this site. Although I am becoming weary of those who prefer to call names and make claims without supporting thought.

You may disagree with me. I respect that. If you have contradicting INFORMATION, I respect that and would like to read it. Please provide it. But please also stop pretending high ground when you only show opinions of your own.

[bjcone8559]

My opinion is that investors have heard that Obama is not goign to tax them as harshly as before so they are returning to the US.

Posted by machineguy at 03:42



The idea that we are taxing the rich is laughable. they have already sent their money elsewhere. They did that in October when Obama said he was gonna raise their taxes.


Posted by machineguy at 04:31



I have suggested twice now that you should probably try reading before you make statements about a particular topic. It would appear, now, maybe you should read your own posts. You''re sounding a little schizophrenic my friend.