Republicans think that our companies are shouldering too much costs,
so they think we should halt all environmental and financial and rules like obamacare
the companies should get more tax cuts
unions should get out of the way of it
Is it really worth it to cut all the regulations in order to prevent job loss???
if that's the case shouldn't we have the similar standards as those in China or India?
Anonymous
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Difference in opportunity cost create trade.We should not be like China and India.But we should find our comparative advantage which is surely in the services sector.
Anonymous
China and India only dominate the mass-produced industry, countries like Germany and Japan are still on the top of their games with their own high-tech industry and innovation, god knows how much Sony and German car manufacturers make every year.
And with the American patent office receiving more applications every year, don't you think there's a lot of untapped possibilities lost during the Congressional kiddie squabbles, where one party tries to stay in power while all the other party does is trying to wreck the country even more until the ruling party loses favour? And when the second party comes to power, the repetitive routine repeats?
SDD
Your premise is simply untrue. Republicans do not think "we should halt all environmental and financial and rules". There is absolutely no question, however, that the more costs you force onto US businesses, the less competitive they will be. If you were running a large corporation and you had your choice between building a plant in Ontario and paying 16% income tax and building one in New York and paying more than 40%, what would you do?
TB
Complete deregulation will definitely make things worse. That's how most of this mess started in the first place. Small business needs the cuts to effectively run and hire more people.