McCain : We dont want an economy like japans

[iamthebandfanman]

and thats his case for lower taxes on corporations.


didnt we create the japanese economic market after WW2 ?
so we dont want an economy like the one we created for them ?
maybe im missing something.

[jakem]

1. well, Japan's economy is probably too dependent on the US-

and sadly, so is ours.

[iamthebandfanman]

2. its dependent

because we created it

no ?

[El Pinko]

7. We may have laid the framework...

...but the Japanese did the hard work of building it. I wonder if they'll sell off their manufacturing base to the third world piece by piece like we did ours?

[iamthebandfanman]

12. i highly doubt that

they have this thing in japan sometimes...
whats it called....
we used to have it all the time....
OHH YEAH
respect and honor.

[Virginia Dare]

14. They learn those things at a very young age too..

their preschool system is based on learning how to respect others, live and work in groups, and how to use peer pressure to solve differences. There is very little adult direction or interference, polar opposite to how we teach our children.

[iamthebandfanman]

16. i think its called

preparing them for life ;)

if we were all cool headed in this world, we wouldnt have nearly as many problems.

[El Pinko]

3. That's fucking hilarious, because our economy is EXACTLY like Japan's in 1990

Property values are just as insanely overvalued, and poised to correct just as sharply as Japan's did in the early 1990s.

The difference between us today and them in 1990 is that Japan had a lot of personal savings, an intact manufacturing base, a much more equitable distribution of income and broader middle class, a culture based on cooperation, and convenient and cheap public transportation.

Now that Mac mentions it, I WISH we were in as good shape as Japan was in 1990.

If America gets through the coming years of economic hardship without massive unrest, it will be a goddamn miracle.

[Lasher]

9. Maybe McCain was talking about CEO salaries.

A 1990 study showed the average CEO among 202 major company CEOs in the United States studied was earning $2.8 million per year in total direct compensation. The typical CEO of a major Japanese company earns a combination of salary and bonus of around $310,000 per year.

http://ddo.typepad.com/ddo/2006/01/graef_crystal_i.html

[El Pinko]

10. Gee, why are they so underpaid? Toyota's number one in the world now!

Oh yeah, maybe the fact that the CEOs there are actually expected to perform and not just empty the company's coffers has something to do with the fact that Toyota's #1...

[Lasher]

13. And I'll bet McCain doesn't like Japan's tax structure or distribution of wealth.

Saint Ronnie/Poppy/Junior/McCain are always watching out for their 'base' - the wealthy elite.

Edit to add:

Two similarly “wealthy” nations — the United States and Japan — provide what may be the most dramatic contrast. At first glance, the two seem equally “rich.” Americans average, in purchasing power equivalence, a net worth of $143,727. The Japanese average: $124,858. The two countries, together, account for almost two-thirds of the richest 1 percent of adults on the globe, with 37.4 percent of these affluent souls living in the United States and another 26.8 percent in Japan.

But a closer look reveals striking differences. Japan’s wealth spreads throughout Japanese society. The 90 percent of Japanese at the bottom of their nation’s wealth distribution own 60.7 percent of their nation’s wealth. In the United States, by contrast, the distribution of wealth runs strikingly top-heavy. The bottom 90 percent of Americans own just 30.2 percent of U.S. household wealth, less than half the share the bottom 90 percent hold in Japan.

http://www.cipa-apex.org/toomuch/articlenew2006/Dec7a.html

[Virginia Dare]

4. Isn't Japan's economy consumer and technology based?

I thought that was a good thing?...I'm so confooosed...:crazy:

[El Pinko]

6. Despite a decade and a half of sluggish growth, Japan still has a much higher savings rate

than the US, and much less poverty. The only way in which the US has a better standard of living is that there is more square feet of living space per person.

Yay! We've got the biggest houses! It's worth drowning in debt!!!

[gratuitous]

5. Oh no, not Japan!

McCain's dream economic model has more the outlines of Weimar Germany.

[Virginia Dare]

8. McCain's dream is probably for us to be a "defense" based economy..

which is the way we're headed anyway. We'll all be rent-a-cops, mercenaries, and manufacturers of weaponry.

[ixion]

11. yeah, because Japan actually produces things...

and that gets in the way of our ponzi-based "service" economy. :eyes:

[opihimoimoi]

15. McCain was trained to be a PILOT, Not an Economist like the MBA President we got now