Reader comment on: Defending America From 'Stagflation'
Submitted by Raynaldo (United States), Apr 15, 2012 19:06
In the article, you mentioned that the US should be "expensing all investment in machinery, equipment, and technology;" would this mean investing money toward creating new technology that would become a world necessity, or are you suggesting that the money go into the actual industries to create more jobs, grow companies, and help compete the production of machinery, equipment, and technology against productive countries like China? For example, the first option would be like creating a new device that everyone in the world would want. The latter would be like giving money to companies like Apple and GM to gain more jobs and people to start producing more domestic goods and exporting instead of importing. I feel that the first option would very much help in creating more jobs (not necessarily bringing them back); while the second option would help with competition, but this kind of plan already failed (Obama bailing out companies, but they didn't spend it as anticipated). Thank you.
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