the rabble

Time Magazine's Kiss of Death: 'You!'

While certainly I agree with your "underlying" notion that the present banking/economic scenario is doomed your method/attempt at persuasion leaves much to be desired.
Don't know when Time started their person of the year, but just going from your first date(1937) that's what...62 years. You mention 9 in support of your "notions." So what, the other 85% of the "data" contradicts or is irrelevant to your thesis.

Unemployment Rate Recedes - Worst of Downturn Is Over

Methinks you should go read this...say what....

seekingalpha.com/artic...

U.S.-China Trade Spat: Warning of Worse to Come?

"Asia is indeed engaged in mercantalist policy. The answer is to push for greater free trade across the board and stop dragging our feet on taking measures that would bolster America's competitiveness (lower taxes, less regulation, stable monetary policy, less government distortion and manipulation of the economy overall, better consumer-led K-12 education, etc.). "

My question to this is do you really think that "bolstering our competivness" in these regards is any answer to why our mfg base is so devestated and our job creation enigine shut down.? How in the world will any/all of that enable us to compete with .50 per hour diret laobr cost. THAT is the issue. That is why we are getting slaughtered in the mfg arena. Business has found a place (overseas) American mfg CANNOT compete with. Period. The bottom line that we are able to compete with in regards to mfg is built into our economic/political/social infrastructure. It is our standard of living that is on trial here.
My other question is do you really think ( as one idiot suggested) the Chinese are engaged in business with the US. ? It maybe business to the Chinese businessman, but then again they don't run the country like here. This will sound trite and earn a few nasty comments, but the Chinese are not engaged in business with the US as we are with them. I spend 4 years in Taiwan with more than a few business trips to the "mainland." The notion of fair trade IS NOT in their mindset. Period. They will not tolerate a level playing field. They will play that as long as they deem it in their interest. We are going to have to deal with them in a confrontational (call it trade war or other) aspect sooner or later. That IS the nature of their political structure, their government. Call it what you may. Regardless of who is going to get slaughtered a confrontation will happen. We had better pick our battles/ground. They ARE like the Soviet Union was to us, and that means they are not our business partner. They DO NOT regard us such. Extrapolate your economic debates and analysis from that.

Looks Like the Trade War Is on, Maybe

You say "cheaper prices are far more important as we are broke." Why do you think we are broke.? That's the Wal-Mart mentality.
Cheaper no matter what the cost. Well the long term cost of short term thinking is now upon us. It's called American jobs. Since when do most american care about quality. You apparently, like most Americans have no idea about a business notion called "the cost of quality." I have an outdoor patio light. I replace it 3-4 times a year with bulbs made in China. When I bought this depreciated house 17 years ago a bulb literally lasted 3-4 years. It was twice the cost. Guess where it was made. You do the math. Trivial example but it extrapolates to much larger areas and economic implications. Quite a few in fact.
I read an article on seeking Alpha about the horror of tariffs in regards to this tire thing.. Do you know what his beginning, middle, ending and only statement for the horrors of tariffs was...'A study by a economics professor at Rutgers University suggested..." then went on to say that we would lose 25,000 sales jobs in the tire industry, etc. I question that study by that fellow. He mentioned the failure of the National Industrial Recovery Act as a snip againt protectionism. I suggest one read the details on the act and decide exactly why it failed. I question every single article like this that fails to provide data and analysis. This is not your fathers economy. You talk about protectionism. Has not done the Chineese too bad has it. Or the Koreans. Or the Indians. Anyone care to enter a discussoin about the esoteric difference between "fair" and "free" trade. In our case it's called jobs and a declinning standard of living and rapidly rising poverty class. Do you really think the Chinees give a fat rats a$$ about fair trade. Watch how fast they "protect" their tire industry if American sales even began to remotely threaten it. They have shown time and time again they will disregard with impunity ANY trade policy for even a slight economic advantage. People do not seem to understand the Chineese do not believe in or want fair trade. Just the opposite. Literally. You really need to spend some time analysing the Chinees and you will realize real fast that the longer we play this fair trade nonsense the worse its going to be when we have to (and we will) directly confront them. There is going to have to be some real pain and depression (if not worse) style years ahead of us. You say the gov does not understand finance and economics. True. You can bet the American Corporate structure sure as he!! does. Wal-Mart along the to big to fail entities would see the majority of american living in abject squalor while touting the live better live cheaper slogan to employees that only make minimum wage because the gov says they have to pay it. (excluding the execs of course) All for the sake of the bottom line.
I'll say it again. The notion of Fair trade is not in the Chineese mind set. It exists only to the extent they can use our notion of it to gain access to our markets while forestalling any advantage our access to their markets may gain us. It is a restraint that a totalitarian government has learned to use effectively against us. You say they (our gov) do not realize the last thing we need is a trade war. What do you suggest, and what is your battle plan. ? It is simply not a "economics where we all make money by cooperation and business" with the Chineese. It is a "we win and you lose" scenerio, and guess what a totalitarian gov means by that.
We CANNOT keep going like this. Our job creation engine is literally shut down. Do you know what this means in the mid to long term. ?
What was it the famous french revolutionist said to the King as the rabble stormed the palace. "When people get mad, desperate and hungry...they do bad things.." ...Lets hope cooler heads prevail, but I agree with your last sentiment...they won't.

The Macro Economic Reports Indicator: Not a Good Omen

"Also when the sales do return as the consumer driven market is emboldened by a higher stock market"

What planet did you crash in from. ? Here let me talk like an idiot. Where are the jobs that are going to "embolden" the consumer. Walk into any Wally world and take a look around. Mfg capacity is at what in the US 68% ? When the embolded consumer does any sales spurring where do you think the "bulk" of that stimulus is going to go. ? Take a look at the freight (rail and truck) numbers.
How about personal income and factory work hours per employee.
Employment. Personal assets (housing ?). Consumer confidence index. Exports. National debt. State finances. The only thing the consumer is going to get embolded to do by watching the stock market is hang the bankers and overthrow the govenment. Remember what that wise French revolutinary said..."when people get desperate, mad and hungry they do bad things." Trust me... this has'nt even started yet.

Anyone Have a Good Feeling About the Next Employment Report?

"Remember: World War II-style deficit spending was needed to get the unemployment rate down from 10% to 3%, suggesting to me at least that a truly effective fiscal boost capable of doing half that would have to be a quarter to a third of large."

True..but that deficit spending produced jobs that produced goods that were needed/consumed by the better part of a world that had been decimated (along with mfg capability) by said war. Along with domestic demand that had been diverted to a war effort for many years. There is no domestic demand even vaguely related to the type and extend of post WWII. Those conditions do not exist today. Your not going to create jobs as in the WWII scenerio because there is no demand as such, and global demand, as it is today is being meet by a mfg base that we in the USA are not effectively competing with.
I read an article by a fellow who said he that he did not think unemployement could (he might have said would) double. I think we're goning to see the whole economic landscape, analsis, political direction of both parties and the bulk of articles on websites such as this (as well as our national attention) start to shift and focus (obsessed with) jobs in this country as the unemployment rate does just that. Which actually has already begun...but then more of this and a complete, detailed anaylsis of all the origins and ramifications of free trade/N.F.T.A. (and the F. do not stand for free) and the demise of American mfg in my new book which will be out as soon as the first shipment arrives from........

The Truth About Jobs

What in the world were you thinking.?! How in the wildest stretch of the imagination could someone utter..."employers are running out of workers to lay off...", and a comment...."does not really matter what the employment number is...". In all the calculations and analysis try plugging in (using the governemnts own idiodic method of determining ) a unemployment rate of 25%, then try 35%. You honestly don't think the number of people without jobs (from this point on) could not double.? I'll agree that the numbers don't really matter when you reach about 25% unemployment. (gov index) At that point discussions/analysis/f... about finacial and economic models and cause/effect in banking/stock/mfg/etc. (pick one) will be replaced in the financial/governement and media by a reaction to, and atttempt to deal with a "social structure" that is going to be awfully different than what we have today.

Economist Robert Frank discovers a Ph.D-powered economic perpetual motion machine. Mark Steyn explains: "The stimulus will work because enough economists are saying it will work that their prestigious postnominal credentials will impress enough of the masses into thinking it will work, which in turn will make it work." (via)

Me like what him say...me not worry now...

Government Should Use Tax Policy to Fight Unemployment

About the one thing I agree with is your statement "the devil is in the details."
As a employer I start out reading this article and ask myself a question. Half way through I ask the same question. At the end and while reading other comments I ask the same question. "...how am I going to put/keep these people to work..." Unless your plan enables me to compete with the overseas supplier who just took a order from my customer with a price at about one third of what I can do to just breakeven this is all meaningless/useless. Is this going to produce a working class society that earns even a minimum wage of $7.00hr that can compete with one that earns .50hr. All the blabber and banter in the finiacial/economic circles skate the issue that given the type and scope of the current economic situation the notion of a job unrelated "recovery" is brain unrelated. People can not pay mortgages, buy cars, etc. without income. "Where has our personal income gone. (Jobs)" "How do we get them back." Until the current regime of economic and finacial pundits ask those two question in that idiot fashion, and take it all from there everything else will become a fortune telling contest of the ramifications of the US adjusting to third world poverty for a significant portion of it's population.