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Obama plans to CREATE 2.5 Million Jobs...
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EzeWong



Joined: 26 Mar 2008
Location: Seoul

PostPosted: Sun Dec 07, 2008 7:06 pm    Post subject: Reply with quote

Although, there is nothing wrong with manual labor and trying to spur jobs for blue collared workers I find this "fix" lackluser, given the economic recession we are in.

First off, like the big dig, this could end up like an economic sink hole. Living in Boston myself, most people could tell you the big dig costed WAY more than it should have. Not to mention that poor woman who died because of it (faulty ceiling). Contractors walking away with millions in their pocket for a project that barely perpectuated even more economic growth. I don't even want to talk about all the money scandals around it either.

If we want to create long lasting jobs that reinforce the backbone of American economy, highways and roads aren't the way to do it. What is this Sim City? (Remember how if you don't tax like 15% of roads they break down and the guy gets super pissed going "DIDN'T I WARN YOU!! hated that guy, what a jackoff.)

If we want to maintain a competive economic position globally we need to invest into projects that create a long lasting competive advantage that America has over other countries. This will increase our exports and globally raise economic standards. Basically, pulling up the economy by creating products that are demanded.

Construction is a short term fix for jobs and it is really a supply side pull. We are literally creating jobs out of thin air. This is dangerous in many ways and not to mention is only an internal for only America. That money coudl be put to better use in areas that would cycle itself into our economy as well as others. That's how economy works. By merely creating jobs without "good" products the money doesn't circulate.

Tons of construction workers are employed. Work their ass off, make a bridge. Wonderful. But the bridge itself isn't improving the economic situation for other people. And the people who earn wages from the bridge... Unless they IMMEDIATELY insert that back into the economy we can see improvement. But that's definately not the case. The point of the construction work is to employ as many people as possible, threfore giving them all relatively a spread out pay scale. People who earn the money will therfore NOT be inclined to spend rather would horde the money. This effect is just increasing the already stangnant economy and creating an even worse drudge.

A TRUE good effective economic plan essentially allocates money to appropriate places where it's needed. So for example, in times of recession to improve the standard of living we need to make products that are demanded by everyone... Common goods. Food, toothpaste, tissues, etc... stuff we need everyday. Once these goods become cheap again, the economy should reshift it's focus (by individual players, ie. businesses) into more luxury goods and continually step up and up and up. That's ideally how any economy should build itself on.


Not to mention those who are specialized workers refuse and would rather not work in blue collared jobs. They aren't being yuppies. They are proetecting their craft. If I worked as a technical field analyst for Nasa, I'm not picking up a manual labor job because on a resume that's like admitting you weren't demanded enough to find a job in your craft. No one wants to admit it to themself that kind of reality.
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Tiger Beer



Joined: 07 Feb 2003

PostPosted: Sun Dec 07, 2008 7:47 pm    Post subject: Reply with quote

ONE THING to note...this plan isn't to just 'stimulate' the economy. It is something that is also NECESSARY. It HAS to be done. It simply isn't a way to just put people to work on meaningless tasks (much like the financial debacle of the War in Iraq which was suppose to be 'good for the economy') OR the encouragement/prodding of Americans to BUY overinflated priced housing (with low rate incentives encouraged/supported by the administration).

Unlike a big military spending spree (or a false housing market to stimulate the economy), this one ACTUALLY is NEEDED domestically and has real tangible benefits that will be seen and felt. We actually DO NEED fuel-efficient buildings, repaired infrastructure (Minneapolis bridge that fell down is one of MULTITUDES that needed repairs), etc.

Rather than just pumping money into military technology and making the coolest explosions as possible and benefiting the war-related industries, this plan actually funnels that money into FUEL-EFFICIENCY, EDUCATION, and INFRASTRUCTURE.

It isn't just a random 'war is good for the economy' aka George Bush style, but this plan is actually NEEDED and we'll actually SEE benefits from it first-hand in our OWN country.
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pkang0202



Joined: 09 Mar 2007

PostPosted: Sun Dec 07, 2008 8:11 pm    Post subject: Reply with quote

I noticed one of the improvements is upgrading the Internet.

Lets say Obama gives lots of government money to telecoms to make our internet faster.

Do you honestly think Comcast, Verizon, or any other high speed carrier is going to LOWER their prices?

That is really what consumers need. Lower utility bills, lower taxes, MORE money in their hands to purchase.

Lets say Obama upgrades highways and bridges. Those won't be free. I bet you the states are going to put up toll booths to help generate revenue til fill their own coffers.

Make schools and public buildings go green. Just how will that benefit the American people? Public buildings are free, and public education basically free (a small charge each year). Going green is going to put more money into Americans pockets how?

Anyone who studies Economics should know that the economy's fuel is spending. When people stop spending money, the economy grinds to a halt.
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nosmallplans



Joined: 10 Oct 2008
Location: noksapyeong

PostPosted: Sun Dec 07, 2008 8:44 pm    Post subject: Reply with quote

people who ride bikes to work also get an extra $20 from the government every month.

Very Happy boy am i excited to get paid for having fun to and from work.
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Tiger Beer



Joined: 07 Feb 2003

PostPosted: Sun Dec 07, 2008 9:10 pm    Post subject: Reply with quote

pkang0202 wrote:
Going green is going to put more money into Americans pockets how?

Less money spent on PERSONAL utility bills, heating bills, air-conditioning bills, gas bills, on and on and on and on.

Additionally, less government spending in government buildings for utility bills, heating bills, air-conditioning bill, gas bills, and on and on and on. This would include schools, etc. Spend money on going green, and it stops wasteful spending of endlessly enlarging fuel bills due to inefficency.

Doing very simple math, this means more money can be spent elsewhere than going towards energy bills (when they are lower) each month.
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pkang0202



Joined: 09 Mar 2007

PostPosted: Mon Dec 08, 2008 4:24 pm    Post subject: Reply with quote

Tiger Beer wrote:
pkang0202 wrote:
Going green is going to put more money into Americans pockets how?

Less money spent on PERSONAL utility bills, heating bills, air-conditioning bills, gas bills, on and on and on and on.



Is Obama going to make your house green? No, he's prooposing to make schools, public buildings green.

Lets say the schools, DMV's, courthouses, what have you all go green. Is DMV going to lower the price of vehicle registration to pass on the savings? The courthouse going to lower the "court fee"? Are public schools going to lower the prices on their lunches?

If the savings by going green are passed down to the American public, then its a great idea. That's wishful thinking. I'm pretty sure we'll be spending MORE for government services in the next 5 years than we are now.
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jaykimf



Joined: 24 Apr 2004

PostPosted: Mon Dec 08, 2008 6:44 pm    Post subject: Reply with quote

pkang0202 wrote:


I'm a business grad, so I know a little bit about economics. The problem I see with this plan is that its too shortsighted.


Well, I'm an Economics grad so I guess I little bit more about economics. Of course I don't know nearly as much as this guy who has a Nobel prize in Economics:

" Fiscal expansion will be even better for America�s future if a large part of the expansion takes the form of public investment � of building roads, repairing bridges and developing new technologies, all of which make the nation richer in the long run.

Should the government have a permanent policy of running large budget deficits? Of course not. Although public debt isn�t as bad a thing as many people believe � it�s basically money we owe to ourselves � in the long run the government, like private individuals, has to match its spending to its income.

But right now we have a fundamental shortfall in private spending: consumers are rediscovering the virtues of saving at the same moment that businesses, burned by past excesses and hamstrung by the troubles of the financial system, are cutting back on investment. That gap will eventually close, but until it does, government spending must take up the slack. Otherwise, private investment, and the economy as a whole, will plunge even more.

The bottom line, then, is that people who think that fiscal expansion today is bad for future generations have got it exactly wrong. The best course of action, both for today�s workers and for their children, is to do whatever it takes to get this economy on the road to recovery. " http://www.nytimes.com/2008/12/01/opinion/01krugman.html?_r=1
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Jandar



Joined: 11 Jun 2008

PostPosted: Mon Dec 08, 2008 6:49 pm    Post subject: Reply with quote

pkang0202 wrote:
I noticed one of the improvements is upgrading the Internet.

Lets say Obama gives lots of government money to telecoms to make our internet faster.

Do you honestly think Comcast, Verizon, or any other high speed carrier is going to LOWER their prices?

That is really what consumers need. Lower utility bills, lower taxes, MORE money in their hands to purchase.

Lets say Obama upgrades highways and bridges. Those won't be free. I bet you the states are going to put up toll booths to help generate revenue til fill their own coffers.

Make schools and public buildings go green. Just how will that benefit the American people? Public buildings are free, and public education basically free (a small charge each year). Going green is going to put more money into Americans pockets how?

Anyone who studies Economics should know that the economy's fuel is spending. When people stop spending money, the economy grinds to a halt.


Don't worry it's only four years.

As far as the internet, I just wish they would force the cable company to string some cable out to my house. Satellite sucks for internet.
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Tiger Beer



Joined: 07 Feb 2003

PostPosted: Mon Dec 08, 2008 7:25 pm    Post subject: Reply with quote

pkang0202 wrote:
Tiger Beer wrote:
pkang0202 wrote:
Going green is going to put more money into Americans pockets how?

Less money spent on PERSONAL utility bills, heating bills, air-conditioning bills, gas bills, on and on and on and on.



Is Obama going to make your house green? No, he's prooposing to make schools, public buildings green.

Lets say the schools, DMV's, courthouses, what have you all go green. Is DMV going to lower the price of vehicle registration to pass on the savings? The courthouse going to lower the "court fee"? Are public schools going to lower the prices on their lunches?

If the savings by going green are passed down to the American public, then its a great idea. That's wishful thinking. I'm pretty sure we'll be spending MORE for government services in the next 5 years than we are now.

You'll make a great homeowner someday.

'Dad, the window is broken, and it's snowing inside!'
'Turn up the heat! We aren't going to waste money repairing that!'
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Kuros



Joined: 27 Apr 2004

PostPosted: Mon Dec 08, 2008 7:30 pm    Post subject: Reply with quote

Krugman wrote:
The bottom line, then, is that people who think that fiscal expansion today is bad for future generations have got it exactly wrong.


Bull. Fucking. Shit.

Ugh. I hate having to say this about Krugman, but christ, he's out of his goddamned mind.

It really depends what we spend the money on. I actually approve of upgrading our infrastructure. But the bailout? *shakes head*

It all depends what you spend it on.
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Hater Depot



Joined: 29 Mar 2005

PostPosted: Mon Dec 08, 2008 8:32 pm    Post subject: Reply with quote

mises wrote:
Quite a lot of libertarian or classical liberal economics will be blown apart if Obama actually is able to revive the economy with this plan. I seriously doubt it will do what he wants it to do (less the creating jobs) but it could.


Massive government spending on WWII got us out of the Depression for good. We've had extensive government regulation of the economy, fiat money, central banking for decades and decades. I'd say the boat has sailed.
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pkang0202



Joined: 09 Mar 2007

PostPosted: Mon Dec 08, 2008 8:57 pm    Post subject: Reply with quote

Tiger Beer wrote:

You'll make a great homeowner someday.

'Dad, the window is broken, and it's snowing inside!'
'Turn up the heat! We aren't going to waste money repairing that!'


Your analogy is inaccurate and extremely far from the truth. I never said DON'T fix whats broken. I made a point before that I'm FOR going green. I'm AGAINST Obama pushing this "Green Project" as a way to generate jobs. Yes, we can create 2.5 million jobs in the short term, but will all 2.5 million KEEP their jobs when the projects are over?

No one will answer that question. The point Obama is hammering into people, and the emphasis is on the 2.5 million jobs. IF he had proposed this project as "Investing in America" and said the 2.5 million jobs were a byproduct of this, then I wouldn't be so criticial.

However, he is selling this project on the Jobs that will be created.
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Tiger Beer



Joined: 07 Feb 2003

PostPosted: Mon Dec 08, 2008 9:13 pm    Post subject: Reply with quote

pkang0202 wrote:
I made a point before that I'm FOR going green. I'm AGAINST Obama pushing this "Green Project" as a way to generate jobs. Yes, we can create 2.5 million jobs in the short term, but will all 2.5 million KEEP their jobs when the projects are over?

No one will answer that question. The point Obama is hammering into people, and the emphasis is on the 2.5 million jobs. IF he had proposed this project as "Investing in America" and said the 2.5 million jobs were a byproduct of this, then I wouldn't be so criticial.

However, he is selling this project on the Jobs that will be created.

I think the 'going green' has a more far-reaching goal. I don't think its a thing to just keep 2.5 million people busy for a few years with no other intention whatsoever.

I think the idea is that entrepreneurs and companies and investors will begin to 'think green', and combined with tax incentives, will begin to produce and create an industry focused around fuel-efficient products, industries, etc.

I believe the general idea is much like the Internet. Once people knew there was money to be made there, then Wall Street invested heavily in start-ups, and in the end, the best of the best lasts, and the rest fades away. (The same can be said for all new industries whatever they might have been). The entire economy prospers when new industries flourish.

The green, fuel-efficiency, etc. of industries is inevitable anyways...if we don't do it, it will be Japan or elsewhere selling the products to the U.S. and we'll be the economic loser overall. But if we create the industries and build the companies that focus on it, then we also create the future industry leaders that will in return be selling the products abroad with potentially the largest world market share, etc.
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bacasper



Joined: 26 Mar 2007

PostPosted: Mon Dec 08, 2008 11:04 pm    Post subject: Reply with quote

Hater Depot wrote:
mises wrote:
Quite a lot of libertarian or classical liberal economics will be blown apart if Obama actually is able to revive the economy with this plan. I seriously doubt it will do what he wants it to do (less the creating jobs) but it could.


Massive government spending on WWII got us out of the Depression for good. We've had extensive government regulation of the economy, fiat money, central banking for decades and decades. I'd say the boat has sailed.

You point out EXACTLY how capitalism requires permanent war to maintain and/or restore itself.

This is also exactly why we need a radical rethink of the entire system. Start by abolishing the Fed which in turn will dampen or completely eliminate economic cycles and hence need for wars to get us out of depressions.
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samcheokguy



Joined: 02 Nov 2008
Location: Samcheok G-do

PostPosted: Mon Dec 08, 2008 11:15 pm    Post subject: Reply with quote

It is more effective to give people jobs than money, even if their work is not useful, like the CCC and TVA projects. The idea is that work-welfare is better all around. Simply put, Obama and the Feds figure paying out salaries and getting something in return, public works, is more effective than throwign money out of a helicopter.
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