Why don't you explain how you would go about fixing these "structural issues" you keep talking about? Instead of, you know, just saying we have "structural issues" over and over and over and over....
(Don't forget to be specific.)
Oh I don think you care one bit about what's dragging our economy down. But Ill play you game.
Big U.S. firms hold $2.1 trillion overseas to avoid taxes: study | Reuters
Corporations hoarding Trillions in offshore accounts means that money isn't being invested in the American economy where it can lead to new job creation. WHY are Corporations hoarding profits off-shore ? It's not because they're " greedy or mean " or even unpatriotic. They're obviously reacting to bad tax and regulatory policy
Obama's justification for raising Capital Gains tax to 24% ( because it was fair ) was the single stupidest thing I've heard him say since he stepped into office. He clearly cares more about staying loyal to his toxic ideology than helping Americans get back to work
A lack of Capital investment doesn't hurt the rich and it sure the hell doesn't fix disparity issues.It's a GLARING indicator of just how destructive tax policy can be to our Nations economy. Placing heavy tax burdens on savings and investment may sound like a good idea to the average Bernie Sanders supporter, but the reality is Investors and Corporations dont have to play along and the dont.
Incentivize new investment by dropping corporate tax rates down to zippo, scrap regulatory burdens and lower capital gains taxes ( even Clinton was smart enough to lower Capital Gains taxes ) and offer tax incentives for manufactures to either stay put ( NOT move to Mexico or relocate to the US )
Next..........
Healthcare legislation that will follow Obama well after he leaves office and tarnish what's left of his legacy, legislation that was SO BAD, SO UNPOPULAR that the Democrats had to pretend it didn't exist in 2014 for fear of losing their jobs needs to be scrapped altogether.
Seems like the Democrats would be all for scrapping ObamaCare. It cost them the Senate and the House and countless State and local elections. Instead of offering " affordable healthcare " under the pretense of a " Free Market solution " its led to increased out of pocket cost, increased deductibles and increased premiums for Middle class families and small and mid-sized businesses.
Beyond Anecdotes: Obamacare Will Hurt Employers and Employees | Free Enterprise
" According to the survey commissioned by the two groups and conducted by Public Opinion Strategies, 31% of franchise and 12% of non-franchise businesses report that they have already reduced worker hours because of the impending law, more than a full year before the employer mandate goes into effect."
"Additionally, 27% of franchise and 12% of non-franchise businesses report that they have already replaced full-time workers with part-time employees because of the law."
The Rich can afford these increases and the poor qualify for large subsidies but ObamaCare is stripping away more and more of the Middle Classes discretionary income year after year. Even small businesses are seeing exponential premiums increases some of which are being passed on to their employees who now have less to spend on other things like food, cars, gas , furniture, etc.
Your solution to all of this is to let the Govt pick up the slack left by a lack of private sector investment and the impact of bad tax, regulatory and legislative burdens.
But stimulus backed by bond purchases in a stagnate economy funnels Capital from the private sector to the public sector. Govt's that advocate Fiscal stimulus invest in pet projects like Obama's Green Jobs initiative where Billions of dollars disappeared and all the American tax payer got for their investment were 5th amendment pleas from chrony capitalist and stimulus doesn't address why investors and or Corporations and Businesses aren't risking their capital in the first place
Public sector spending isn't centered around profit or wealth creation or a decent return on Capital. It's a ideological solution that leads to more debt and stagnation.