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Pick on Toyota

by YankeeJim | February 23, 2010 at 08:17 am

93 views | 2 Recommendations | 3 comments

Short answer and longer term strategy not at odds

Obama’s idea to create jobs by transforming the economy from petroleum-based energy to nuclear and other sources is absolutely correct. The trouble is that the transformation process is long, and as we have seen in the case on building one nuclear plant, it takes billions and jobs won’t appear until long after Obama I or II administration is gone.

Right now, we can capitalize on such things as the Toyota debacle. Boost incentives to buy a Ford or GM right now. That will create jobs, now.

Now, initiate a program to bring back Manufacturing America. Initiate a program that provides incentives to consumers and producers for green consumer products that are Made in America.

Don’t get caught up in the dialogue about free trade, focus on creating jobs for Americans now. In the long run, everything will sort out in the global economy.

“Consumers’ confidence plummets in February

Index hits 10-month low over worries about jobs, overall economic recovery

NEW YORK - A monthly poll showed consumers' confidence took a surprisingly sharp fall in February amid rising job worries. The decline ends three straight months of improvement and raises concerns about the U.S. economic recovery.

The Conference Board said Tuesday its Consumer Confidence Index fell almost 11 points to 46 in February, down from a revised 56.5 in January. Analysts were expecting only a slight decrease to 55.

The increasing pessimism is a big blow to hopes that consumer spending will power an economic recovery. Economists watch the confidence numbers closely because consumer spending accounts for about 70 percent of U.S. economic activity.”

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YankeeJim

at 14:58 on February 23rd, 2010

Since the original headline didn't work, I changed it out for an American grabber from the 1970s'

NOUSHERWANIS

at 05:28 on February 24th, 2010

Have you noticed that there is hardly any economy coming up these days as a new market.

"Recession" is still a popular slogan and the only two sectors really growing are defense and energy.

America needs markets for creating more jobs like any other country.

BUT

The developed world is almost saturated and no one is genuinely working on converting the under developed 50% or more in to useful economies.

Our present strategies need some economic theme rather than a military one.

Cheers

YankeeJim

at 05:40 on February 24th, 2010

You are absolutely right. New Business Engineering -- new product and new business unit development should be the theme. Addressing under develooped nations as a resource and a new market is forward-thinking. Therein lies the opportunity.