1 Government doesn't control where mfg jobs go. Show us the law.
You are almost right, but no cigar. Government by and large cannot control where the mfg jobs go. Its policies can. You can spin all you want, by and large, the current Administrations sign enough laws only major corporations benefit from the windfall profits by moving jobs overseas. Google all the laws signed since 2001, I am not going to do your homework for you.
2. H1Bs must have an employer sponsor for technical/professional jobs. Too small to possibly affect the economy and with the caliber of folks certified probably helps our productivity. That was a real stretch.
Again, what are the benefits of hiring an Indian or Chinese programmer than paying for a home-grown? If you cannot answer this, you are not qualified to ask.
Indeed, the Federal Government is responsible of issuing and setting the ceiling on the number of H1Bs. See their intentions on #1.
5. Very little of the mortgage industry is regulated federally. You're blaming the Bush administration for them not seeing the problem when the very folks practicing the lending or putting their money into collateralized debt stocks didn't see it coming.
It is easy to blame the victims. The Feds are as much to blame as they took advantage of the situation for writing a rosy economy regardless the risks. Oh, I almost forgot to mention the interest groups. You know the relationships between our elected officials and interest groups, do you? Again, Google the number of Senators and Congressmen and their relationships with Wall Street. I am not doing your homework on this one either.
6. Predatory credit card lending. Nice buzz words, but no effect on the economy. For every predator there is a dumb borrower and for every dumb borrower there is a school system and parents who don't teach the fundamentals of finance. You can't blame the lenders for making money available. Retail spending is what, 50%, of our economy.
Really? Read your own sentence again, will you? When people are facing foreclosures, you think they go out and buy a 50" plasmas TV, or more new clothes; do you? Yes, it does have trickle effects on the retail spendings, and hence the overall economy. Every aspect of the economic machinery is connected.
I haven't found anyone with more incentive in recent years to intercede in the economy than Jimmy Carter. Did you put on a cardigan? Drive 55? Wait in line for gasoline? Pay 18% on your new mortgage?
Heard of the saying "Never say never"? The way things are heading, you may hope you live in Jimmy Carter's days.
Instead of wishful thinking, give us some examples of effective federal government intervention that improved the economy>
Google it yourself. Many economists from the Fed think tanks to Wharton Business Schools warned us about the direction we are heading for couple years now, but this Administrations has turn its deaf ears.