quote:Clues from the Great Depression may help. Jobs programs like WPA to build high speed rail, and even that Mexican border fence could be of benefit, but until we, in this country, decide to produce goods again, no full scale recovery is going to be possible. I therefore think we should make it economically not fesable for a company to produce products in another country and ship them here. As long as health care cost are being borne by businesses it is a lot more difficult to compete with other countries, so I think we should make available a single-payer health care .
In the end, since this is a global problem we shouldn't look at it like it is going to be over soon.
One thing that really bothers me to have to admit, but obsession with the national debt at this point in time is actually going to hurt. Happened during 39 so we know what can happen if it is too much of a worry. I hate to have to admit that fact because I hate debt so much, but we are where we are.
Taxes? , hell, we have the lowest taxes we have had since Harry Truman was president, and it would appear low taxes ain't working now.
I doubt that we can have the same outcome if we try to redo the 1930's and 40's. There was this thing called World War Two when the Europeans and Asians decided to kill each other off. It helped get us out of the depression by employing all able Americans to produce war goods and serve in the military. The only problem is that the world now has these things called nuclear weapons and ICBM's.
As far as Truman's taxes, the USA came out of WW2 with newer, more productive, and intact factories and infrastructure while most of the world was wrecked. We had no competition like we do now for 2 to 3 decades. Any excess cost in manufacturing like a carbon tax gives the board of directors of any corporation another reason to move a factory to another country.