Great pointer to Clinton's points. In terms of uncertainty, I think there are two different kinds being discussed. - The republicans discuss certainty in regulations and new laws. - Tom discusses certainty of the job market and downturn direction.
-- Owen On Mon, Jun 20, 2011 at 11:39 AM, Russ Abbott <russ.abb...@gmail.com> wrote: > I'm, pretty skeptical about the uncertainty argument. That seems to me to be > a Republican ploy to argue for lower taxes, which in their view is the > solution no matter what the problem is. For the most part companies aren't > hiring or adding new production capacity because there isn't the demand to > justify it. > > But there are some things that can be done. Here are some very ideas that > Bill Clinton is suggesting. We miss him as president. > > -- Russ Abbott > _____________________________________________ > Professor, Computer Science > California State University, Los Angeles > > Google voice: 747-999-5105 > blog: http://russabbott.blogspot.com/ > vita: http://sites.google.com/site/russabbott/ > _____________________________________________ > > > > On Mon, Jun 20, 2011 at 9:08 AM, Owen Densmore <o...@backspaces.net> wrote: >> >> Tom Friedman's Op Ed >> >> http://www.nytimes.com/2011/06/12/opinion/12friedman.html?_r=1&partner=rssnyt&emc=rss >> >> He starts with shocking mortgage statistics, but then discusses >> unemployment and its causes via this report: >> http://www.mckinsey.com/mgi/publications/us_jobs/index.asp >> >> Quote: McKinsey Global Institute released a long study of the >> structural issues ailing the U.S. job market, entitled: “An Economy >> That Works: Job Creation and America’s Future.” It begins: “Only in >> the most optimistic scenario will the United States return to full >> employment before 2020. Achieving this outcome will require sustained >> demand growth, rising U.S. competitiveness in the global economy and >> better matching of U.S. workers to jobs.” >> >> Interestingly enough, they still feel education is important but >> stress areas of current need. >> >> BTW: The tech bubble folks are afraid of is likely NOT to be one. Marc >> Andreessen (admittedly a techie) has compiled P/E ratios of the new >> tech market and shows them to be well under traditional values. They'd >> please any conservative investor. >> >> Tom is concerned about the Uncertainty Tax .. our loss of production >> due to fear of downturn unknowns, but ends: Any good news? Yes, U.S. >> corporations are getting so productive and sitting on so much cash, >> just a few big, smart, bipartisan decisions by Congress on taxes and >> spending (and mortgages) and I think this whole economy starts to >> improve again. Workers with skills will be the first to be hired. >> >> -- Owen >> >> ============================================================ >> FRIAM Applied Complexity Group listserv >> Meets Fridays 9a-11:30 at cafe at St. John's College >> lectures, archives, unsubscribe, maps at http://www.friam.org > > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > lectures, archives, unsubscribe, maps at http://www.friam.org > ============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College lectures, archives, unsubscribe, maps at http://www.friam.org
