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Posted on August 14, 2013 – 01:22 pm
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Capital One Auto Loans Pay Online
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A nation of takers, not makers

2011-04-01 10:09:51 by Haydook

If you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million...turers. Florida's ratio is more than 3 to 1. So is New York's.
Even Michigan, at one time the auto capital of the world, and Pennsylvania, once the steel capital, have more government bureaucrats than people making things. The leaders in government hiring are Wyoming and New Mexico, which have hired more than six government workers for every manufacturing worker.
(continued)

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The reforms it is carrying out will take up to three years to be implemented, but one of the most watched will be the Pre-Booked Only licences which anyone will be able to purchase for $40,000.

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To be fair, the RBA (and its international counterparts) do use such "jawboning" to guide the markets in one direction or another, so the tea leaf reading does have some relevance, but the process is far from perfect, and those trading on such ..

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