ziocody's video: Default America: Investment Resources

0:01 [SUPER] Cody Jennings - Videographer -- cjenning@ksla.com NATS - Manufacturing "Investment is one of the big drivers of economic growth because if businesses are spending that means they are trying to buy" 0:12 [SUPER] Tim Shaughnessy - Professor of Economics - Louisiana State University "The newest and most efficient machinery to produce things cheaper and faster" NATS - Manufacturing 0:22 [SUPER] Kurt Foreman - Vice President - Shreveport Chamber of Commerce "Some companies that are very successful are still having trouble getting credit, not because they are not a great opportunity" 0:29 [SUPER] Dr. Loren Scott - Professor of Economics - Louisiana State University "Because this deficit is sucking up so much of the investment dollars out there" NATS - Manufacturing "Small companies are responsible for generating a tremendous number of jobs in the US economy and many of them are squeezed out by this" 0:44 [SUPER] Joe Salerno - Professor of Economics - Lugwig Von Mises Institute "so called crowding out effect. The government gobbling up, as you said, the savings that would otherwise have gone to start up companies and other small companies that are looking to grow" "We are seeing problems with investment which is business spending on new machinery, new factories. That's fallen to where it was back in 2001, so that's been really low" 1:05 [SUPER] Chris Coombs - Professor of Economics - Louisiana State University "Uncertainty, in terms of the new administration, relatively new a year now. But they still haven't finalized everything that they are doing in terms of taxing on businesses and the incentive to innovate, research and development. So if you don't know what's going to happen then you might wait it out, so maybe that's slowing down the self corrective mechanism of the entrepreneur. I'm going to wait and see what the rules of the game are before I go out and invest up front on these new technologies" "Banks are still reluctant to lend" 1:43 [SUPER] David Joy - Chief Market Strategist - Ameriprise "Lending activity is very sluggish at this point and it's because banks are still concerned that they have got existing loans on their books that are non-performing. And not until they are convinced that this is a true recovery are they going to have the confidence to be making new loans" "If you bring the deficit down and the government doesn't borrow and doesn't buy of these resources for purposes that do not serve consumer wants. Those resources will go in to areas that will restart the economy again. So in other words what will happen is that there will be more savings available because the government is not borrowing it for businesses. NATS - Manufacturing "And as that occurs you will see interest rates dropping, and then businesses will slowly begin to borrow that money and invest it in projects that are based on realistic expectations of what the interest rate will be in the future"