Leland F. Jackson, CPA wrote: > 1) Bring what we consume back in line with what we produce. > 2) Let the dollar fall to its natural level. > 3) Wring the excessive capacity out of industries that over expanded > during the credit bubble. >
An example of what is going on because of "excessive capacity"in the Airline Industry follows. The causes and effect of the problem in the Airline Industry seem to stem from not only the credit bubble ,but also because of the increases price for a barrel of oil. The Airlines Industry expanded to accommodate increases in the number of flyers who had access to credit for financing visits to family and friends, vacations, and business trips. The Airlines increase air fares to cover their increased cost of fuel, which is a primary cost of 30% of doing business. The economy turned sour with inflationary cost increases of grocery, heating oil, air conditioning, travel, flying, etc, so consumer cut back on flying. The airline industry finds itself in a pinch with increased cost and dwindling customers. In order to correct the over expansion in the Airline Industry, some Airline will go out of business. Other Airlines will need to retire Aircraft, reduce or eliminate new orders for Aircraft, reduce staff, pilots, and other personnel across the board. We could wind up in a situation where only the top echelon of owner/executives can afford to travel by air, with most ordinary citizen stuck with more modest means of transportation. Also, smaller citeis and towns may lose their Airlines all together. Regards, LelandJ > 4) Allow real estate prices to fall in line with income. > > http://en.wikipedia.org/wiki/Deficit > > Regards, > > LelandJ > > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
