China demands a "New World Order"

[Gonad the Barbarian]

Good luck finding anyone who can determine that with any certainty.

Republicans: "It was the democrats because they pushed through this crappy Affordable Care Act than no one wants"!

Democrats: "It was the Republicans for shoehorning stuff into the budget to kill this Affordable Care Act that everyone wants"!

In this case it's been determined.
http://www.huffingtonpost.com/2013/10/14/louise-slaughter-rules-change_n_4098893.html
Oh, they just wanted to go to conference they say?
http://talkingpointsmemo.com/livewire/murray-republicans-declined-to-go-to-conference-18-times
With certainty.

 

[StinkyPinky]

We are China's bitch. Everyone saw what they were doing with their currency. The U.S. government knows hundreds of billions dollars worth of IP is stolen by Chinese hackers. The U.S. sits by while China manipulates the price of rare earth metals forcing other countries to abandon operations, The U.S. government approves of U.S. companies moving operations to China... who then get access to U.S. manufacturing technologies (GE Xray for example).... I could go on. But the bitches running Washington see 1.3 billion new consumers and let China do what it wants.

That's my view on things. Weak and corrupt leadership (from all sides) and a lack of a spine has led us to this impasse.

 

[LegendKiller]

We are China's bitch. Everyone saw what they were doing with their currency. The U.S. government knows hundreds of billions dollars worth of IP is stolen by Chinese hackers. The U.S. sits by while China manipulates the price of rare earth metals forcing other countries to abandon operations, The U.S. government approves of U.S. companies moving operations to China... who then get access to U.S. manufacturing technologies (GE Xray for example).... I could go on. But the bitches running Washington see 1.3 billion new consumers and let China do what it wants.

But they know that a default on the USTs, or a rapid depreciation of the USD, or a trade embargo, or a reciprocal trade stance, or enforcement of IP laws would wipe out their economy in a heartbeat and an overthrow of their leaders would follow quickly.

They are our bitches and they know it.

 

[Fritzo]

Are you a liberal?

I'm not anything. I go with what feels right. Party affiliation tells you what to think instead of what you think the correct path.

The wisdom side of me says this:

The President was elected, not the Republican party. They should be doing anything the President says. This works for their best interests:

1) If whatever the President is pushing works, it's good for everyone, and we all benefit.
2) It gives the appearance of a strong leader, which boosts the USA's credibility.
3) If whatever the President pushes is a massive failure, it gives the Republicans ammo to win the next election.

Is this wrong thinking? Just seems logical.

 

[rudder]

But they know that a default on the USTs, or a rapid depreciation of the USD, or a trade embargo, or a reciprocal trade stance, or enforcement of IP laws would wipe out their economy in a heartbeat and an overthrow of their leaders would follow quickly.

They are our bitches and they know it.

Correction....they could be our bitches. I see your point.... but the Chinese government knows they have the ability to make members of congress and their pals some good money... so the U.S. will do nothing.

 

[IGBT]

China is well aware of history and the fact that the failure of the American experiment has been greatly accelerated under the obama. They see the political blight the obama has brought to the American experiment.

 

[LegendKiller]

China is well aware of history and the fact that the failure of the American experiment has been greatly accelerated under the obama. They see the political blight the obama has brought to the American experiment.

Please, the blight is two sided. The republican buffoons walked into his newly occupied office and gave him the finger saying they'd never work with him.

That is political blight. It's political fuckery. It's political insanity, at its worst.

A good politician knows how to negotiate, how to compromise, how to keep moving forward to improve things. Not to be a political fucknut.

 

[Fenixgoon]

We are China's bitch. Everyone saw what they were doing with their currency. The U.S. government knows hundreds of billions dollars worth of IP is stolen by Chinese hackers. The U.S. sits by while China manipulates the price of rare earth metals forcing other countries to abandon operations, The U.S. government approves of U.S. companies moving operations to China... who then get access to U.S. manufacturing technologies (GE Xray for example).... I could go on. But the bitches running Washington see 1.3 billion new consumers and let China do what it wants.

while i agree with you've said, there is one thing i might add

"if you owe the bank $1000 dollars, YOU have a problem. if you owe the bank $1000000000000 dollars, the BANK has a problem."

and what i mean by that is, China would get screwed far harder than the US. we'd get screwed still, but not nearly as badly.

 

[laspariahs]

while i agree with you've said, there is one thing i might add

"if you owe the bank $1000 dollars, YOU have a problem. if you owe the bank $1000000000000 dollars, the BANK has a problem."

and what i mean by that is, China would get screwed far harder than the US. we'd get screwed still, but not nearly as badly.

I don't think so.... China's yuan is most likely highly deflated in value, intentionally by the Chinese government. Once we go down, all they have to do is hike it up to what it's actually worth, bam, Chinese great depression avoided. All the while they flood the market with our bonds, US economy destroyed.

New world order established.

 

[LegendKiller]

I don't think so.... China's yuan is most likely highly deflated in value, intentionally by the Chinese government. Once we go down, all they have to do is hike it up to what it's actually worth, bam, Chinese great depression avoided. All the while they flood the market with our bonds, US economy destroyed.

New world order established.

So what happens to 30%+ of their domestic production that won't go to the US because the US cannot afford it? What happens to the jobs?

Their entire economy depends on keeping US consumers hooked on cheap shit. It's why they have depressed the Renminbi to begin with.

Furthermore, hiking it up domestically causes massive deflation and a huge contraction of credit.

Their economy would collapse overnight and their leaders would be overthrown the next day.

 

[JTsyo]

Asian governments aren't just waiting it out. They have build a safety net of $6 trillion in case of a US default. This whole exercise will undermine US bonds for years to come. The debt should not be used as political leverage, it should been given the full confidence of the government. Now in the future when funds are created, just having US bonds will be seen as risky and the bonds will be more diversified, hurting US borrowing power. Maybe that's the end goal for the current Tea Party plan, hurt America's credit such that borrowing becomes more painful for us.

 

[Genx87]

Decouple their currency from the US dollar and have at it.

 

[Darwin333]

Good luck finding anyone who can determine that with any certainty.

Republicans: "It was the democrats because they pushed through this crappy Affordable Care Act than no one wants"!

Democrats: "It was the Republicans for shoehorning stuff into the budget to kill this Affordable Care Act that everyone wants"!

Congress, in its entirety, is responsible for passing a budget. This should apply to all of them.

 

[Darwin333]

I don't think so.... China's yuan is most likely highly deflated in value, intentionally by the Chinese government. Once we go down, all they have to do is hike it up to what it's actually worth, bam, Chinese great depression avoided. All the while they flood the market with our bonds, US economy destroyed.

New world order established.

It doesn't quite work that way...

 

[Smoblikat]

Exactly. What drives me nuts is how many people buy into the whole "get rid of entitlement" crap, and only target that at the poor and disabled. The ones getting the biggest payoffs in entitlements are the damn corporations! The are the biggest drain on Government funds and they don't even re-invest back into the very country who gave them all this entitlement money. Nope, they offshore jobs and services to other countries and bleed America dry.

We are following the path of the Romans I fear. Division, corruption and eventually a crumbling infrastructure.

We are no longer the United States, we are the Divided States.

Did you ever wonder why companies offshore jobs? Its because America has too many stupid regulations and taxes on buisnesses, if we make it attractive for buisnesses to operate in America......I imagine they would start to.

 

[SlitheryDee]

Did you ever wonder why companies offshore jobs? Its because America has too many stupid regulations and taxes on buisnesses, if we make it attractive for buisnesses to operate in America......I imagine they would start to.

I think the problem is that people don't really understand corporations. They're heartless money making machines for the most part. That's not really a judgement against them, it's just what is. Fire is hot, ice is cold, the universe doesn't care about you, and corporations are heartless money making machines. Guess what? Once you understand that, nothing a corporation does will ever surprise you. You'll see that standing around being pissed at them does no one any good. The best you can do is set things up so that their greed does the country some good. That's not happening right now.

Right now everyone is screaming "we hate big corporations because they're big and like to make money"! and they vote through every law that they think will hurt corporations just because they hate them. I feel like hating corporations is almost like hating an inanimate object. It just does what it does regardless of what you think about it. You can stand around and hate the wind for blowing, or you could build a windmill and put it to use.

 

[JTsyo]

Did you ever wonder why companies offshore jobs? Its because America has too many stupid regulations and taxes on buisnesses, if we make it attractive for buisnesses to operate in America......I imagine they would start to.

I think it's more of that Americans aren't willing to work for $1/day and expect health benefits.

 

[IGBT]

Did you ever wonder why companies offshore jobs? Its because America has too many stupid regulations and taxes on buisnesses, if we make it attractive for buisnesses to operate in America......I imagine they would start to.

your obama says he want's to de industrialize the US and is making it as difficult as possible to manufacture energy. He wants a eco-KOOK utopia that returns the US to neolithic times.