GOP Presidential candidates MIA in debt ceiling talks

[Duck Rodgers]

Wanna know their secret agenda? It's called making money

And buying US bonds doesn't make that much. We're talking 10's of billions/yr tops. Which is a lot to you and I and a decent profit for a so called "safe haven" but it hardly addresses their agenda.

Their agenda is not secret and it's not any different than all aspiring world powers. They want to be the best. They want as many trade advantages/parners as they can get. They want resources. They are building a very formidable military. They want to be a superpower and you do that by being friendly, but not overly friendly with the present superpower until you are ready to start calling the shots.

 

[Mission Accomplished]

And buying US bonds doesn't make that much. We're talking 10's of billions/yr tops. Which is a lot to you and I and a decent profit for a so called "safe haven" but it hardly addresses their agenda.

Their agenda is not secret and it's not any different than all aspiring world powers. They want to be the best. They want as many trade advantages/parners as they can get. They want resources. They are building a very formidable military. They want to be a superpower and you do that by being friendly, but not overly friendly with the present superpower until you are ready to start calling the shots.

Yet, they want us to succeed. It does more for them if we stay strong than if we run this country into the ground. They do want to make money and they will with the bonds that they bought and trying to keep us a float so that we continue to spend and sell. I know that we have grown up with the red threat of communism the fear that our parents have spread. It is no different than going to church week after week to those Christian religions that preach hellfire and brimstone. If you can scare your group of followers it is easier to get them to do what you want them to do.

The only thing we have to fear is fear itself.
Franklin D. Roosevelt

Fear is what return the GOP to power after they put our country in this mess. If you don't believe fear is powerful go watch Fox News.

 

[Duck Rodgers]

And speaking of China, Dagong just dropped a turd bag on America's porch and lit it on fire as China awakes this morning:

https://news.xinhuanet.com/english2010/china/2011-08/03/c_131025887.htm

Westerners don't seem to like Dagong too much(probably because Dagong isn't totally compromised), but they are much better rating agency than S&P and Moodys from what I've seen.

 

[The Thriller]

Personally, I think we're going to be screwed for a long time.

Job creation isn't needed since most Americans aren't buying enough to jumpstart the economy. The government seems to have lost its courage to try to stimulate the economy by upgrading infrastructure, education, and other building projects to get dollars changing hands.

So basically... The private sector doesn't need to create jobs. And the public sector doesn't want to create jobs.

So who's going to create jobs for those 9+ percent unemployed?

 

[babe]

The "compromise" legislation does nothing to resolve any of the fundamental issues. We need to restore enforcement of the Glass-Steagall Act which was passed in the 1930s in reaction to egregious misconduct by major banking and corporate entities leading up to the Great Depression.

"Bubble" economics relies on hype and the ignorance of the masses. The only protection "we the people" can possibly have against major interests who know how to play this "game", like Goldman-Sachs and JP Morgan, Chase, and Bank of America and Wells Fargo, is enforcement of the anti-fraud provisions of Glass-Steagall.

The fundamental problem we have is the systematic "milking" of the American public via various "Bubble Operations", such as the recent real estate bubble. As long as the bankster/gangsters don't have to face the just consequences of their malevolent manipulations of markets, they will just keep doing it. Rather than doing more bank bailouts, and continuing with "business as usual" we have to make these crooks face true justice.

Nothing wrong with earning money honestly, a lot wrong with earning it with the Bubble Machine.

The players all pulled out together ahead of the pack, taking trillions in ill-gotten profits, and then we gave them another trillion in taxpayer funds. A lot wrong with that, I'd say.

 

[sirkickyass]

As long as I'm handling widely held myths about the economy here's the response to "The US doesn't make anything anymore."

 

[LogGrad98]

Personally, I think we're going to be screwed for a long time.

Job creation isn't needed since most Americans aren't buying enough to jumpstart the economy. The government seems to have lost its courage to try to stimulate the economy by upgrading infrastructure, education, and other building projects to get dollars changing hands.

So basically... The private sector doesn't need to create jobs. And the public sector doesn't want to create jobs.

So who's going to create jobs for those 9+ percent unemployed?

Another hidden victim are those who are underemployed. This is a bigger number than unemployed right now. Those guys who got laid off and now are stocking shelves at Walmart or took a job 3 levels below their level before the layoffs. That group is not doing a thing to stimulate the economy, as they are struggling just to pay bills.

 

[LogGrad98]

As long as I'm handling widely held myths about the economy here's the response to "The US doesn't make anything anymore."

The concerning thing there is the drop-off in the last 2 data points for the US and the huge increasing rate in China. How long until they pass us up? I wonder what 2010 looked like on this chart?

 

[sirkickyass]

The concerning thing there is the drop-off in the last 2 data points for the US and the huge increasing rate in China. How long until they pass us up? I wonder what 2010 looked like on this chart?

China will probably pass us either this year or in 2012. But I'm more annoyed whenever people act like we're now Canada on that list, which is what you'd think if you listened to the way people talk about US manufacturing.

 

[sirkickyass]

The concerning thing there is the drop-off in the last 2 data points for the US and the huge increasing rate in China. How long until they pass us up? I wonder what 2010 looked like on this chart?

China will probably pass us either this year or in 2012. But I'm more annoyed whenever people act like we're now Canada on that list, which is what you'd think if you listened to the way people talk about US manufacturing.

 

[LogGrad98]

China will probably pass us either this year or in 2012. But I'm more annoyed whenever people act like we're now Canada on that list, which is what you'd think if you listened to the way people talk about US manufacturing.

Agreed.

 

[babe]

OK, so this is good? The real issue, deserving extreme emphasis, is that for a number of correctible causes, US manufacturing is suffering downgrades which are not even economically nor environmentally justifiable. Makes no sense for a US company to "outsource" production when they have superior technology, the needed resources literally underfoot, and competent labor supply standing by idle, to ship the resource across the ocean and the product back, just to let unprotected labor and unregulated management do the job sloppily overseas and send us the downwind pollution. Their rivers dump into the same ocean, buds.

No self-respecting nation should, for the sake of enabling some unscrupulous cartelists, permit such business.