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  #21  
Old 08-07-2007, 11:41 PM
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Ron Ron is offline
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Quote:
Originally Posted by Praxeas View Post
The ironic thing is China is supposed to be Communist
The world is built on illusions.
Things that seem like they are-are not.
Things that seem what they are not-are.

Canada is viewed as a socialist country when in realty it has more right wing governments than the US.

We have provinces where there is a three week waiting period for welfare.
If you are eligible to work-you don't qualify unless there is an active job search.
The maximum welfare rate is 1,100 for a family-that don't even pay rent in most places. No food stamps up here.
The maximum time if you are employable you can only get welfare for two years-than it is finish time.

Hardly sounds Socialist, does it.
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  #22  
Old 08-08-2007, 05:05 AM
OP_Carl OP_Carl is offline
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Originally Posted by CC1 View Post
The USA exporting almost all of it's manufacturing is a huge mistake. I am not a big believer in the benefits of an open world trade policy and economy.

I know the idea is that this interdependence will cause more cooperation and strengthen the reasons for getting along rather than war BUT at some point it means that we are no longer independent.

If I were king of the USA we would begin the process of making it difficult for foreign countries to own American companies, give disincentive to companies moving manufacturing offshore, and speed up the development and implementation of alternative fuel options for vehicles. This last would be to end our dependence on outside sources for oil. That should be a priority based on national security.
You're in favor of the protectionism and tarriffs that brought American industry to a point of horrible quality and stagnated innovation?
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Despite today's rising cost of living, it remains popular.

"It has been said that democracy is the worst form of government except all the others that have been tried." - Sir Winston Churchill

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  #23  
Old 08-08-2007, 09:46 PM
Hesetmefree238 Hesetmefree238 is offline
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Originally Posted by CC1 View Post
At least those companies have not bought American companies. They have just build factories here. My gripe is when our laws allow major American corporations to be bought out by foreigners. That should be against the law.
Mercedes should never have been allowed to buy Chrysler.
It would be very difficult to make this against the law. These are PUBLICLY
traded companies. Anyone from any country can buy stock in these
companies, and stock is ownership. If we pulled all of the foreign investors
out of our stock market, our market would sink and stock prices would
fall drastically.
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  #24  
Old 08-09-2007, 12:46 AM
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Praxeas Praxeas is offline
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Quote:
Originally Posted by OP_Carl View Post
You're in favor of the protectionism and tarriffs that brought American industry to a point of horrible quality and stagnated innovation?
Was it protectionism and tariffs that did that or American smugness?
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  #25  
Old 08-09-2007, 07:58 AM
Brother Strange
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Yesterday, I went in to a shop that rebuilds alternators and generators. The generator in my diesel tractor burned up so I went in to pick up a new one. While I was in there, there were two Chinese men who were trying to negotiate with the owners to buy them out.

The week before, I went in to see a man with whom I had been negotiating to buy his convience store and gas station in Houston. He told me that some Chinese people were pressing him to negotiate with them about buying his store. He told them that under no circumstances would he sell to a foreign concern.

Say, what's going on anyway? Are we being bought by the Chinese?
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  #26  
Old 08-09-2007, 08:46 AM
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tbpew tbpew is offline
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Quote:
Originally Posted by Brother Strange View Post
Yesterday, I went in to a shop that rebuilds alternators and generators. The generator in my diesel tractor burned up so I went in to pick up a new one. While I was in there, there were two Chinese men who were trying to negotiate with the owners to buy them out.

The week before, I went in to see a man with whom I had been negotiating to buy his convience store and gas station in Houston. He told me that some Chinese people were pressing him to negotiate with them about buying his store. He told them that under no circumstances would he sell to a foreign concern.

Say, what's going on anyway? Are we being bought by the Chinese?
I thought that Chinese interests were the largest single purchaser of our T-bill issues? sorry if I am wrong --please feel free to correct.

If they are buying our internal "loans" that finance our deficit spending addiction, the irony of our dependance on their continued interest in "our interest" is very troubling. Just suppose they make an abrupt governmental change and our T-bill rate goes from 5% to 9%...will the US economy of 2008 survive another 'Nixon/Carter-years' double-digit cost of money without impoding on itself?

just wondering...
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  #27  
Old 08-09-2007, 09:34 AM
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Originally Posted by tbpew View Post
I thought that Chinese interests were the largest single purchaser of our T-bill issues? sorry if I am wrong --please feel free to correct.

If they are buying our internal "loans" that finance our deficit spending addiction, the irony of our dependance on their continued interest in "our interest" is very troubling. Just suppose they make an abrupt governmental change and our T-bill rate goes from 5% to 9%...will the US economy of 2008 survive another 'Nixon/Carter-years' double-digit cost of money without impoding on itself?

just wondering...
These are questions that our finest economist are struggling with. Most that I've read do not see a good outcome. With the imploding credit makerts and the reluctance of investors to assume the credit risks, there is but one direction for the well being of our national economy, especially in view of the threatened Chinese readiness to call their investments.

This bleak outlook is reflected in the last two Friday's market dip. So far today, it looks like we are going to have another serious dip. It appears that all markets are plunging in value.

I hate to say "run for the hills," since over all, our economy has been expanding for the last few years, but I can only hope that this present credit crunch is only temporary. There are strong influences calling on the Fed Chairman to lower interests. Kramer went nuts on one MSNBC show, screaming his head off and slamming things around, while calling on the Chairman to lower rates. Well, I suspect the reason that he is gone ballistic is because his own billion dollar plus fund that he manages has lost millions.
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  #28  
Old 08-09-2007, 10:00 AM
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Digging4Truth Digging4Truth is offline
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Quote:
Originally Posted by Rico View Post
The Chinese will hurt themselves more than us, if they do something like this. They are always making threats to do this or that. It's their style of negotiating. I've seen North Korea use the same tactics with the development of weapons grade nuclear material. They threaten to do this or that as a means of negotiating.
Generally when a lender requires an immediate & full accounting of all debts it is far more hurtful to the lendee than the lender.

There is no shortage of International loan takers. China can surely find another country to debt into submission after they call in their loan based ownership of this nation.
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  #29  
Old 08-09-2007, 10:03 AM
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Digging4Truth Digging4Truth is offline
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Quote:
Originally Posted by OP_Carl View Post
You're in favor of the protectionism and tarriffs that brought American industry to a point of horrible quality and stagnated innovation?
So we have now to the other far reaching extreme of that same pendelum.

So... do we... as we reach the apex of this swing...still rant about the last swing.

Both are harmful to the American economy and stability. Neither are the answer. There is a balance to be found unless we just love this fun pendulum thing we keep doing.
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  #30  
Old 08-13-2007, 12:30 AM
Truly Blessed Truly Blessed is offline
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Quote:
Originally Posted by Hesetmefree238 View Post
It certainly puts us in a bad position, but we would also be in a bad position
if they suddenly quit buying our treasury bonds. This is due to the fact that
our government spends more than what it receives in tax revenue. The only
way we can fund our deficit spending is through the selling of treasury bonds
which brings in the needed money to fund the deficit. Of course the best
solution would be to cut spending to equal what we receive in tax revenue.
This would solve the budget crisis, and we would not need the Chinese any
longer to buy our debt. On the flip side if we cut spending drastically at this
point it would possibly move us into a recession. What an economic tightrope!
Seems I recall the last president to accomplish a balanced budget was named Clinton. So, if you want to balance the budget perhaps you should be rallying behind Hillary in the next election.
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