I didn't apologize for anyone and i didn't vote for bush. There just is a lot of blame to go around and I doubt no one will fix this mess. Would you let all the greedy CEO's off the hook or blame one guy? Congress promised change. Where is it?
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I didn't apologize for anyone and i didn't vote for bush. There just is a lot of blame to go around and I doubt no one will fix this mess. Would you let all the greedy CEO's off the hook or blame one guy? Congress promised change. Where is it?
Seven years ago, Clinton left office leaving a projected TEN YEAR BUDGET SURPLUS behind. Bush immediately gave it away to the rich, gave Enron a free hand to rob & loot, and got us mired in the middle east. Congress is split along party lines and consequently can't pass any veto proof legislation. If I can't blame one man for this fiasco, then I can pretty much blame one party...the party the backed Bush come hell or high water in every dim-witted, half-baked, freedom-hating, anti-democratic idea he ever proposed (and under this administration we have experienced both hell and high water).
clinton was a great man..we where in much better shape
back then ...can only hope for the future..
trish said
Quote:
1) Lower which taxes? All of them? Schools are in deficit spending. Bridges, dams and roads are in need of maintenance. We've run up three trillion dollars worth of debt thanks to our military incursion in the Middle East. Our asses are going to be owned if we don't start collecting some revenue from the rich son-o-bitches who've gotten off easy for the last 7 years making record profits and not paying anything back to the country which shelters them. Eliminate taxes for the poor. Lower taxes on the middle class. But let's finally collect some revenue from the wealthy and from corporations like Exxon which seems to be in no particular difficulty. How about we initiate a WAR TAX. I'd like to see congress legislate that all wars should be taxed on a pay as you go basis. That includes the war in Iraq, the war in Afghanistan, the war on terror and the war on drugs.
2) Yes, our businesses should compete. But what does that entail? Who should flex their muscles, business, government or the military? Just what do you mean by flexing our muscles and how would it help the economic situation. Do you mean our businesses should just compete better than they have? (If so I agree) Do you mean we should send in our military and force other countries to trade with us on our terms or else? (We've seen that solution can be damn expensive) Or do you mean we should endeavor to negotiate tougher trade treaties? (Negotiation is what singing Kumbaya is all about).
:claps :claps :claps :claps :claps :claps :claps :claps
Not correct. Most international economies are doing just fine. Yes, most countries who trade with the US are now reducing their growth projections, but this is entirely due to the downturn in US economy. Banks internationally have been affected by the sub-prime lending crisis in the US because this risk was shared within the banking community. Don't expect that will happen again!Quote:
Originally Posted by Aunt Kay
The BRIC countries (Brasil, Russia, India and China) are still projecting healthy growth, particularly in China and India.
clinton gave more no bid contracts than bush did, great man, right. More like just a slick talker, kind of like this Obama guy. Doesn't look good no matter who's the prez.
They're dropping the rate, thereby dropping the worth. By september, NO WORTH, already no value. Hide your loot under your bed, or invest in other currency somehow. Make friends with somebody somewhere else. Soon the whole economic system as it is right now will be crap though, everywhere...
There are a number of ways to do this, but if you're not very experienced in the financial markets, you are probably better off investing in euro denominated bonds or CDs. You might want to consider the following bank:Quote:
Originally Posted by Bunzee
https://www.everbank.com/
-Quinn
Well said, tstv_lover. The fact is that numerous former recipients of IMF aid – Russia, South Korea, Brazil, Argentina, Turkey, etc. – are now running annual budget surpluses. Many states in the international system (NIE economies, GCC economies) are running annual budget surpluses.Quote:
Originally Posted by tstv_lover
The fact is that the US was the premier destination for international capital in the post-war era. Now, thanks to a combination of rapid changes in the international system and staggeringly irresponsible economic policies enacted domestically, that period is over. For those Americans who recognize this reality and adapt to it, there’s a lot of money to be made. For most of the rest, there will be a noticeable decline in living standards.
-Quinn
Our economy is fine here in Australia, our dollar keeps going up against the US dollar. So to say it is a world wide problem is incorrect.
The US has only really been an international power since 1945, prior to that it was basically isolationist (simply put). Against previous powers you haven't been in the limelight long, and perhaps not for much longer. Should have kept gold as the international currency.
Guess we will be using the yuan as an international base currency soon. :P
once again my
:soapbox
ok, for those who don't know, the same people that were in charge of creating the nazi power germany are the same people that have infiltrated the government of this country around 1930's and 40's. This money issue is a result of the CENTRAL BANKING SYSTEM, or the fed reserve as they call it, which ignores deficits and affixes value towards EVERYTHING, rather than deal in actual worth of tangibles. The reserve is not based in the United States, but Puerto Rico. The laws and rules are a little different there, just as in D.C. The same reasons apply to where credit card bills are sent rather than home offices. The reason those rates in the fine print are legal is because of where the payments are sent having laws that allow rates to climb INFINATELY if so determined. Inflamitory tactics so to speak.
A primary investor is a group of private bankers, who oddly enough nobody can identify. HMM.
Defecits ignored while infinite resources are being pumped into the millitary industrial. Elimintation of hte middle class. Funny rates and values, because nothing is based on any real worth. Just a mess waiting to happen agin, as it did in Germany. People will talk about how the coutry recovered and became a power, but the tactics used to recover and become that power produced some of the gruesome acts such as the Haulocast, the taking over of europe, and the continuation of horrible biological and chemical expirimentation.
It's a Big misconception is that the fallof the dollar will only affect America and not the rest of the world greatly. If the dollar fails, the artificial rise in value of foreign currecnies compared to it would ultimately damage their ecomies too, would it not?
One of the reasons wars on actual places are not declared is because the term war when used as a national defense against another actual country requires a payment for the usage of the term. They will use the term incident, operation, anything but war. The MEDIA will use the term, but not the government. We have been in a constant state of war in this country since the CIA started overthrowing countries and instituting pupped money laundering governments, starting with Iran and the insertion of the Shah.
This issue is a world wide one. Australia will probably be stable, and a starting point of what is supposed to happen next in world policy/governance, whatever that may be.
Once again I apologize for the length of my reply. I've been reading entirely too much, while living with my grandfather who has been researching and living through all of these events for many years.
Brace yourselves for a bumpy ride. They can only hide the truth of the matter. This system was developed for this particlar situation to occur...