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The US has about a 5-7 year window to get the economy right. Or fall way behind.


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#16 PhillyB

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Posted 20 October 2012 - 03:12 PM

ohhhhh china the bogeyman, right


china has its problems but the quaking fear over it is downright ridiculous. duck and cover!!!!!!!!!!!!!!!1

#17 pstall

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Posted 20 October 2012 - 03:52 PM

get some time with smart money managers and ask them about China. if they are honest they will say China is slowing down. despite that they are soon to be the main cog.

#18 stirs

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Posted 20 October 2012 - 04:37 PM

If I were Romney, our "allies" would only be so as long as they pulled their weight in the defense of their own country and the potential to help the US of needed. Otherwise, we need to use another word other than ally. This would coincide with the cut in the defense budget, and all other budgets.

#19 Wanderlai

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Posted 20 October 2012 - 06:02 PM

ohhhhh china the bogeyman, right


china has its problems but the quaking fear over it is downright ridiculous. duck and cover!!!!!!!!!!!!!!!1


I'd imagine there were some who once said the same of Germany and Russia.

#20 PhillyB

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Posted 20 October 2012 - 10:00 PM

I'd imagine there were some who once said the same of Germany and Russia.


china has bested the world for thousands of years on nearly every front, with a slight hiccup in the 19th century. not a new phenomenon

#21 google larry davis

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Posted 21 October 2012 - 03:07 AM

Guilty dog barks the loudest. Said nothing about leftist policies for the US. For Greece and Spain sure. Austerity measures is cutting off the leg due to the high taxation gangrene.

I have a binder full of country dubstep if you want.


you blamed the protests in greece and spain on "socialist policies" when in fact they are protesting over dumb austerity measures.

also austerity actually doesn't work. example? the global economy.

#22 Wanderlai

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Posted 21 October 2012 - 07:02 AM

china has bested the world for thousands of years on nearly every front, with a slight hiccup in the 19th century. not a new phenomenon


For the greater part of history, China has been an isolationist country though.

#23 King

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Posted 21 October 2012 - 12:41 PM

China is also going through a pretty gnarly fascist phase.

Not really good to have your world superpower be fascist. See: WWII.

#24 carpantherfan84

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Posted 21 October 2012 - 07:39 PM

Back in the day, Henry Ford needed to have a well paid American middle class to afford his product. Without them he couldn't achieve the wealth he desired. He made sure his employees were well paid not because he was a good American but because he directly or indirectly benefitted from it.

The reason many Americans are now finding it harder to secure decent paying jobs is because of a fundamental change in the American economic system since Henry Ford's time, mostly in the last 30 years.

Today the American financial sector is largely calling the shots when it comes to our country's economic policies. Those policies encourage off shoring of jobs and investments. A robust American middle class is not nearly as important as it once was to Henry Ford (regardless of any rhetoric PACs might be dispensing to the contrary thanks to Citizens United).


Americans will see continued growth in low paying service sector jobs as we have for the last 30 years, but it is highly unlikely that there will be a return of enough high paying manufacturing jobs to our shores to stave off China becoming the world's # 1 economy. That is because those Plutocrats that control our politics and policies benefit most financially when labor costs are significantly mitigated by off shoring jobs and production whenever possible.

The power structure of the United States is now tilted so much in favor of the Plutocrats that neither party is contemplating any serious economic reforms of our financial system to encourage real middle class job growth. In fact the GOP is pushing for more of the same deregulation and taxation policies that got us into this current mess in the first place.

No worries though, America's moneyed interests will do quite well, maybe even better, once China becomes the largest economy. American plutocrats are well positioned to flourish just like their European counterparts have since the sunset of Europe's economic dominance a century ago.

Don't believe me? 93% of all economic gains since 2008 have gone to the top 1% of Americans. Clearly demonstrating what happens to the general US population economically no longer has the same financial impact on the wealthiest Americans that it once did. Of course, it never hurts to socialize losses and privatize profits via the American taxpayer, the largest welfare program in American history.

Bottom line is this: Americanism/Nationalism is an increasingly antiquated concept, not nearly as important as Globalism, especially if you are part of the ruling Plutocracy.


I really hope that you are not right wing. That is the only half-way intelligent post about the economic system that I have read on this site. Kudos

#25 pstall

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Posted 21 October 2012 - 09:42 PM

you blamed the protests in greece and spain on "socialist policies" when in fact they are protesting over dumb austerity measures.

also austerity actually doesn't work. example? the global economy.


what drove greece and spain to austerity measures? expensive cable tv?

dude the correlation adds up.

#26 google larry davis

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Posted 21 October 2012 - 10:08 PM

what "socialist policies" "drove" greece to austerity measures?

#27 google larry davis

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Posted 21 October 2012 - 10:17 PM

Posted Image

this is expenditure on social protection % GDP

On the other hand, many things you hear about Greece just aren’t true. The Greeks aren’t lazy — on the contrary, they work longer hours than almost anyone else in Europe, and much longer hours than the Germans in particular. Nor does Greece have a runaway welfare state, as conservatives like to claim; social expenditure as a percentage of G.D.P., the standard measure of the size of the welfare state, is substantially lower in Greece than in, say, Sweden or Germany, countries that have so far weathered the European crisis pretty well.


http://www.nytimes.c...ictim.html?_r=0