Comments on: Next Round Of Foreclosures To Hit Retail

Many Malls, Other Large Commercial Properties Struggling To Make Payments

[McHineguy]

Corporations should not... can not be allowed to move their manufacturing to slave labor nations and then sell their products back to us. This can be fixed, but it will require a different direction. Government should look at every problem and ask, "How do we fix this from the bottom up?"


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

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 and there is no tax laws we can make to control that. They spend it here if its profitable or fun. So, tax away, we are only taxing ourselves. 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.

[wardoglrs]

Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master... George Washington

As the economist Dr. Stuart Crane was fond of saying, %u201CThings [in the monetary world] don%u2019t just happen to happen. They happen because they were planned to happen.%u201D

*** Cheney was questioned on ABC about whether the fact that two thirds of Americans were opposed to the Iraq War had any influence on decision-making, he basically said that the American people get to make their input every four years and after that they can be ignored.

[bjcone8559]

With the tax incentives, loopholes and other forms of corporate welfare that have been instituted in recent years, corporations pay very little taxes now. To state that we should throw more of our tax dollars at them to ''bribe'' them to keep the jobs here is insane. This depression is the result of ''trickle-down'' idiocy coupled with a total lack of regulation. The government''s primary job is to protect it''s citizens, and the middle class citizens of the USA have been under attack. The only answer is regulation. That is the government''s job! Corporations should not... can not be allowed to move their manufacturing to slave labor nations and then sell their products back to us. This can be fixed, but it will require a different direction. Government should look at every problem and ask, "How do we fix this from the bottom up?"

[McHineguy]

Dow up for fifth consecutive session so far today. Not sure if this means turning a corner, but at least past week has been good performance. We may have a softer landing than we think.


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Posted by ghostfighter at 01:22 PM : Nov 28, 2008

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. their investment money creates more demand for our stocks. I just hope our companies get some of it and can upgrade the factories.

[McHineguy]

... Out sourcing was a terrible move. It is the middle class workers who fuel the economy. The right wingers claim that the wealthy need tax cuts to provide more jobs but if the jobs aren''''t here and the workers aren''''t paid a living wage there won''''t be a middle class to fuel the economy. The wealthy need us, they just don''''t want to admit it.


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Posted by Element51 at 03:22 PM : Nov 28, 2008

I think they admit it. We just all see this from a different angle and are trying to find something that works. Heres mine:

We used to be the worlds greatest producers because our factories were the worlds greatest after WW II. But they grew their factories AND they had cheap labor. By that time we were passing regs about poluted air and water and other laws that made life pretty good here. But we didnt improve the output of our factories because trade agreements protected us. As time went on, their production grew, their quality grew, and ours didnt. Finally, in the 1990''s it became either let them in or do without (electronics, steel, clothes, etc). Now our worker compete with theirs while they have newer/better factories than we (Ive seen them). So, we can either upgrade our factories or create an iron curtain around our borders. I believe in lower corporate taxes so we can lure foreign investors into paying for upgrades to our factories. Then, and only then, can we regain our lead.

[element51]

Back when out sourcing first started it occoured to me that this might not work out to well. I thought that if a company was producing a product here in the states and were paying their workers 12 to 15 dollars per hour that the workers had the money to buy the companies products. And the companies were making a profit. Then they decided to move to a country where they could get workers at slave labor prices so they left and then sent their products back to the US to sell at the same prices they were charging when they were located in America. Suddenly all those workers who had lost their 12 to 15 dollar per jobs were forced to take jobs that paid 7 to 8 dollars per hour and could not afford to buy the companies products. So sales went down, profits went down and people could not afford even their mortgages. So I kind of saw all this coming. It will only get worse until we rebuild our manufacturing base in this country. Out sourcing was a terrible move. It is the middle class workers who fuel the economy. The right wingers claim that the wealthy need tax cuts to provide more jobs but if the jobs aren''t here and the workers aren''t paid a living wage there won''t be a middle class to fuel the economy. The wealthy need us, they just don''t want to admit it.

[Michael Arnold]

The pooch is screwed. The handbasket to hell has arrived.

One day last week, 40 thousand (yes, FORTY THOUSAND) people turned up near Denver to dig for free potatoes and carrots. Thats almost half of the seating in Mile High Stadium.

Stock your pantry, keep your gas tank full, and some cash on hand.

[deckardbr]

Here it comes, the great, MALL BAILOUT!

[whitemale08]

WOO HOO!!!!

I''M A DEBT-JUNKY!!!!!

I''M AMERICAN AND I''M A DEBT JUNKY!!!!!

WOO HOO!!!!!

YEAAAAA!!!!

AMERICA NEEDS ME TO KEEP THIS ECONOMY STRONG!!!!!

WOOO HOOOO!!!

HURRAY FOR THE AMERICAN DEBT-JUNKY!!!!!!!

[torva-2009]

Ah the sweet irony...banks only make money when they make loans...now everybody in the country can''t loans...and the government is giving the banks our tax dollars...so much for schools, social services, and defense...

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