[Info-vax] HP stopping VMS paper documentation ?

[AEF]

On Dec 1, 4:48 pm, JF Mezei <jfmezei.spam... at vaxination.ca> wrote:
> Richard B. Gilbert wrote:
> > Do tell us how to "bring jobs back to the USA".  I was under the
> > impression that American workers expected to be paid two to five times
> > as much as foreign workers!
>
> Workers will need to accept lower paying jobs and lower standard of
> living. But that is still better than being unemployed.

Hmmmm. Unemployment payments are probably a better deal!

>
> There is no magical solution to job creation. The problem I see is that
> govt spending is just a short term boost to prevent a crisis, it does
> not solve the unemployment problem.

The idea is to increase demand. Producers respond by increasing
output. That means they have to hire. Those hired spend their money on
goods (keeping the demand going) and some goes to taxes (helping
reduce the debt).

>
> The idea of stimulus spending to give the economy a quick short term
> boost is fine. The problem is that unemployment isn't a temporary
> problem, it is a structural problem with so many jobs having shifted to
> asia. And it won't be solved by a quick stimulus spending.

I think you just repeated yourself here.
>
> And if you keep on saying "we need to spend this year to help the
> unemployed, we'll deal with the debt later", you will be saying this
> every year because the unemploymebt problem isn't going to go away, so
> you end up never dealing with the debt and it gets to an uncontrollable
> point.

This is what you said last post.

 This is what happened in Greece.

I think there's more to it than this for Greece.
>
> If an individual leaves above his means, the second he missed a mortgage
> payments, the banks pounce in and seize his assets and destroy his life.
>
> But countries don't get treated this way, they get offered more loans in
> order to help pay back previous loans that they can't afford to pay. But
> eventually, this white gloves treatment comes to an end and all hell
> breaks loose.

Lehman Brothers didn't get bailed out. The result was the credit
crisis.

AEF