Home
The results of my survey of economists will be published in mid September. It's going to take longer than I thought to swim through the data and pull out the good stuff. And I have been advised by smart people that this week is a bad one to compete for attention in the news.  I can tell you that I've seen the raw results and there will be surprises.

Let's do a little experiment here. I asked economists to rank issues by how important they are to the economy. I'm asking you the same thing now. In the comments, tell us what you think is the number one issue for the United States from an ECONOMIC perspective.

I'm guessing your answers will be all over the place, and that says a lot about the challenge of democracy. If you don't know which issue is most important to the economy, it's hard to know which candidate would do the best job.

In your view, what is the most important issue for the economy?
 
Rank Up Rank Down Votes:  +13
  • Print
  • Share
  • Share:

Comments

Sort By:
Aug 28, 2008
Taxes. The vast majority of tax payers do not get what they pay for. The money is spent, but far less value is realized than was paid for.
 
 
Aug 28, 2008
Only curious. I never looked spasmodic dysphonia in a book. Just know what I do from the way you have described it over the years. Escuse me now I'm half dressed(one work boot on and no shirt etc... i need to finish).
 
 
Aug 28, 2008
Scott, I'm back. Question. You're older than me. Think Spike Jones had spasmodic dysphonia? I mean he was also a guy well recorded who couldn't talk right unless he was singing. What do you think? If you think he was. Then your problem has been around for a while. Your thoughts?
 
 
Aug 28, 2008
I think raising the already high corporate and individual rates are the greatest threat to the economy.
 
 
0 Rank Up Rank Down
Aug 28, 2008
Globalization:
-Moves high paying jobs offshore.
-Forces American labor to compete (unsuccessfully) with offshore suppliers using slave labor (China).
-Allowed companies to move offshore or become multinational to avoid US taxes.
-Damaged neighboring economies (like Mexico, Guatemala, Honduras, Nicaragua), causing extreme poverty in those countries which in turn increases illegal immigration to the US, further worsening the labor market, tax base, crime and social support systems in this country.
 
 
+2 Rank Up Rank Down
Aug 28, 2008
I don't see debt being as big a problem as some of you. Theres plenty of 'money' in the world, you'll find some more somewhere if certain nations revoke their financial support.

I'd say price of staple foods would be a high issue if not number 1. Particularly wheat with your government buying it all for bio-fuel and lets be honest, the average american eats *quite* alot
 
 
0 Rank Up Rank Down
Aug 28, 2008
Petrol (and energy in general) prize
 
 
0 Rank Up Rank Down
Aug 28, 2008
Reducing the national debt (i.e. stopping China from funding it, as soon as they pull the plug the US will be in trouble...)
 
 
Aug 28, 2008
Ironic that we would even rise to the challenge of taking on the economists. Still, my answer is: national debt.
 
 
Aug 27, 2008
Create & maintain a stable dollar and stop pretending inflation comes from anything other than printing more dollars than the economy demands!
 
 
0 Rank Up Rank Down
Aug 27, 2008
I think it's health care inflation. It is destroying Medicare and Medicaid, increasing personal and public debt, eroding personal savings and spending, and, if left unchecked, it will necessitate huge tax increases to merely leave overall government spending stable. Pretty much every other economic problem is being caused or exacerbated by the meteoric rise of health care prices.
 
 
Aug 27, 2008
Whether China continues to fund the US debt.
 
 
0 Rank Up Rank Down
Aug 27, 2008
The continued widening of the gap between rich and poor. Also healthcare, outsourcing of jobs, education costs (and student loan debt).
 
 
Aug 27, 2008
Did someone say lower corporate tax rates? hahahahah Haven't ya all been reading the news lately? Government study shows most corporations pay NO taxes at all!!! It matters not what the corporate tax rate is if at the bottom of the corporate tax form their taxable income comes up to be ZERO!!!!
Ok a brief explanation of how our system works. Big corporations donate millions to ALL congressmen's campaign funds and other assorted personal accounts. How did Barrack Obama pay for his 1.5 million dollar home i wonder? Some one gave it to him! Ok,, next step in the process. Corporation X sends in its lobbyists to visit their good friends on capitol hill. Lobbyist says to Joe congressman, " We need some help on these corporate tax structurings cause we don't feel the need to pay taxes. We've had our army of tax attorneys draft up this 5000 page tax bill we'd like to see passed. No, you don't need to be reading it, it will only confuse you and slow down the process. Oh,,and by the way, did I mention that there will be a board of director's chair awaiting you once your term in office is finished. Now go to your fellow congressmen and tell them that if they vote for your bill you'll be sure and vote for theirs next time it comes around. Any questions Mrs.Clinton? opps,, meant to say congresswoman.
Hope that clears up any confusion about our little democracy scam we have going here. (Republicans are no better so stop gloating)
 
 
Aug 27, 2008
Those few that truly control the world economic scene have brilliantly confused us all by pitting us against each other and misdirecting our attention to secondary issues while they rape our society continuously. Those faceless few that control congress dictate where our vast financial resources go. The richest country in the history of the world has to borrow money every year to fund congress's drunken spending orgy. Geez, The Federal Reserve is a major culprit, privately owned and in control of our monetary system. The feds print money endlessly and hand it over to the Federal Reserve allowing it to make money from nothing other than lending out this fiat currency. Ya know what the CIA's budget is? Didn't think so,,cause its classified!!! lol The military industrial complex eats up trillions of dollars of our societies wealth, placing that wealth in the pockets of just a few. They create fear by focusing the media's attention on terror and war so that we will allow the government to redirect vast sums of this country's resources to making bombs, bullets and billion dollar planes. Military spending eats up almost 2 billion dollars a day and we're ok with that cause we think that keeps us safe. Congressmen get wealthy catering to those power brokers that put them in power.
Folks, the short of it is, until we can change the way congress and the president does business they will continue to direct our nation's resources to the pockets of a small group of trillionaires that pull the strings of our government.
GOD HELP US ALL. I've lived to see the most powerful nation in history fall to its economic knees in just 60 years. Will we awaken in time? Or has our nation's epitaph already been written?
 
 
Aug 27, 2008
The budget deficit, duh!
 
 
Aug 27, 2008
I gave this a moment's thought but I'm with Phantom II. I think asking which issue is most important to the economy is a bit like asking which is the most important organ in the human body. You could make a case for a number of them but try removing one and see how well the body does.

Perhaps more pertinently, try messing around with the function of one and see what happens, and that's the problem. You can't just slap a regulatory fix just *here* and another one just *there*, year after year, and not expect things to start going awry. Merely *thinking* you understand enough to know which is the most important issue to the economy probably puts you on the road to making it worse.

I always liked Reagan's quote: "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
 
 
-1 Rank Up Rank Down
Aug 27, 2008
Losing competitiveness on the global arena?
 
 
Aug 27, 2008
The debt. The dollar. Taxes. Regulations. That's really the four pillars of rescuing our economy, the middle class, and jobs. But, there will probably be huge disagreements on how to GET from here to there. Some will demand more activist government solutions, others (like me) will want government to get out of the way.
 
 
Aug 27, 2008
Raising the global value of the dollar. That solves most of our problems: debt, oil prices, housing, and our recession.
 
 
 
Get the new Dilbert app!
Old Dilbert Blog