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Economic Issues

The Age of America is Ending by 2016?
China will surpass the US as the world's largest economy soon -- sooner than most people expected, according to an IMF report.
Article posted by Kim Peterson on Mon, Apr 25, 2011 2:36 PM on Money MSN 
 
The below coment was too the article and is posted at Money MSN.
 
Comment: Pray Hard
 
High real estate prices hurt the US economy more than anything else. The cost of housing, including rental cost, is too far out of line with incomes. Real Estate prices, particularly those in suburban communities have got to keep coming down until they are reasonable levels with middle class income! And yes, we've got to top using so much oil, find alternative source of energy (a bicycle for every member of the USA households) and bring health care cost back to reality, as well as the cost of education and every level. Having said this, we've also got to bring manufacturing back to the U.S. The Chair of Dow Chemical has said that the cost of manufacturing in the best country for overall manufacturing costs (Japan not China)) is just 17% (surprising but true) less than the U.S. We've got to bring manufacturing back to the US and buy American again. Manufacturing costs involve a lot more than labor costs. In Mr. Andrew Livaris's opinion, the world is moving into "the Golden Age of Manufacturing", and the USA needs to wake up and get ready to participate. China is not the only nation trying to move away from the dollar as the reserve currency. The European Union has had this as part of their plan for quite some time. Resentment against the USA is high all around the world and the nations see this as a good time to gang up on the USA and overcome us in the war of who controls the money. We need to get back to fighting the good fight of common sense and faith if we're going to remain on top. Who is it that once said, "a house divided against itself cannot stand"? (President Lincoln during the USA Civil War quoting from Jesus Christ in the New Testament)
 
Your comments are welcomed.
 

6 Comments to Economic Issues:

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E L on Sunday, June 19, 2011 7:15 PM
"The silver in mine and the gold is mine, declares the Lord Almighty." ---Haggai 2:8
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Woody on Tuesday, August 09, 2011 10:20 PM
http://www.washingtonpost.com/blogs/ezra-klein/post/why-the-housing-market-is-still-dragging-down-the-recovery/2011/08/09/gIQAA6Fr4I_blog.html?tid=sm_twitter_washingtonpost⊂=AR Ezra Klein is making some good points that need to be heard. Let me make a few more that most likely will cause a lot of discussion here. Just hope that we can keep it civil J Commercial real estate and housing prices still grossly over priced in the US. There still needs to be at least a 30% drop in real estate values and rental costs! Most needed in suburban areas because false perceptions of suburban influence and wealth is creating serious economic problems in our cities, where essential services are provided and where most Americans live and work! Growing human relation issues continue to have an adverse effect on productivity. Consumer credit issues are killing our economy. We’ve got people who can’t move, can’t change jobs, can’t get insurance on automobiles because of what? Credit problems created in part, by an economy that has been going south for a long time. Good paying job creation is critical to re-building a strong economy. Lasting national economic prosperity must be rooted in job creation in our cities! The question is: do we have the will to make these changes in the best interest of America and the world. Can’t be done without divine providence (Remember Providence RI USA). The European situation is a prelude of what is also happening in America. Europe proves that education alone does not solve social and economic problems. In fact, too much of the wrong kind of education will drain an economy of resources. When you see people with 3,4 or even 5 degrees who are unemployed and under-employed in large numbers, you know serious economic and social problems will follow. It’s happening in America (and in other countries in the world). What happens when the blind lead the blind? They all end up following in a ditch! The negative attitude of ego-centric congressional leaders is alarming. Our leadership lacks compassion. The private sector is working against the federal government (The S&P situation a clear example). Laws are making it impossible for consumers to get out of debt (student loan policies prohibiting discharge of student loan debt). This President has no chance against this kind of selfish leadership. We need a radical change (As in 1776) in the thinking of leadership in America. Yes, we have no choice but to learn how to work with diversity and not against it. Pray for real change! Both NYC and Philadelphia PA have LOVE signs (Have you seen them?) Love power is the power we need to help us overcome our evils! We need our most creative minds and compassionate hearts working on these problems 24/7. The clock is ticking and we don’t seem to be making the critical shots that lead to victory. Wake up America!
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Unknown on Tuesday, August 09, 2011 10:38 PM
Is the housing market dragging down the economy? Of course it is. It, along with the commercial real estate market and rental costs, has been and continues to be overpriced. Real estate prices and value is what is wrong with this economy. The problem is that ego-centric self seeking leadership, at every level of society, are not able to sit down and work out sensible solutions to our economic problems. We are a divided house! We need leadership who acts and thinks differently than what we have now, if we’re to get out of this economic and social mess, we’ve gotten ourselves into!
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E L on Tuesday, August 23, 2011 1:11 PM
Yes, secular unemployment can be a depressing experience. But I always tell believers that according to Matthew 9:35-38 and Luke 10:1-12,there is no unemployment in God's Kingdom. Effective, fervent prayer (James 5:13-18) can, and will, make the difference. Make Jesus happy (Luke 10:1-12) and then wait (trust and stay busy for Him) and see what He will do for you. Christian need to be mindful that we are called to support one another in times of need, including times of unemployment. It's the "Love" question that Jesus raised to Peter. Thanks for the article and be blessed!.
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Anonymous on Tuesday, September 20, 2011 9:11 AM
Susan, thanks for having the courage to tell it like it is, particularly as related what the Bible actually says about the Christian responsibility to share wealth. The Parable of the Rich Fool in Luke 12:13-21, is a clear illustration of what happens when, from a Christian perspective, truth is denied. No nation can call itself Christian unless it is willing to pattern itself after these critical biblical teachings. The power (ability to be effective) of a nation to be "financially successful" is rooted in it's willing to govern itself under the authority of God (Romans 13:1-7). The truth of the word of God (on which Christianity is based) is becoming more evident to the faithful with each passing day. Again, thanks for your skillful journalism in dealing with the issue. Be blessed!
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Anonymous on Tuesday, September 20, 2011 9:12 AM
Washington Post Article, "It's Not class Warfare, It's Christianity http://www.washingtonpost.com/blogs/on-faith/post/its-not-class-warfare-its-christianity/2011/09/19/gIQAkoMxfK_blog.html
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