- Jun 12, 2005
We all know the French are always right ... right?
My wife is Asian. She's a reformed liberal. She now like listening to Rush Limpah.A really nice recently immigrated Asian guy I befriended runs this meals on wheels wagon and stops by our shop during breaks and lunch hour. About three years ago he asked me how did Pres. Obama get elected when in fact he was a foreigner from Kenya. Incredulously, I asked him where did he hear that from. He pointed to his portable radio and said "Rush Limpah he say that, and he says Pres. Obama is going to take away everybody's guns. Can he do that? Because I like buy a gun so nobody rob me and take my lunch wagon."
I gave him a look that made him look fearfully confused and I realized at that moment that I was giving him that "you can't be that stupid" look, so I recovered and then realized I was at a loss for words thinking "holy crap, this propaganda shit really works. How do I explain to this guy in a few words that he's being lied to by a guy that sells lies for a living." I backed away and told him I didn't know what he was talking about, thinking it was impossible to convince him otherwise in a minute what he had been conditioned to, listening to crap radio for all those hours/days/months/years.
If their debt to GDP is really only 90%, they could give the USA financial advise, absolutely right!We all know the French are always right ... right?
The mistake that you are making is believing that this recession was caused by an "accident".Uh, I'm disagreeing. The rich didn't cause the recession. Neither did the poor. You may not realize this, but events like the recession are not reducible to a class war.
I answered you, so answer me. By your reasoning, did the rich also cause 9/11? Does every accident have at it's basis the machinations of the evil rich?
I'd get liquid & stay that way until things change, until demand provides me with a reason to risk in any investment vehicle beyond cash & govt bonds. I'd do the same wrt corporate entities I can influence or control.Well, you said hoarding money was part of what caused the recession. I'd like you to specify if you know anything about that. If you were rich, how would you "hoard" money?
The rules of Economics no longer apply. In America companies have sent millions of jobs overseas, cutting their operating costs to a fraction of what they were, yet the prices have only gone up and up....along with every CEO's paycheck/pension/etc.Guess who's really going to pay for this? Consumers when the prices increase due to higher operating costs.
Rules of economics always apply and just because you have businesses reacting to lower cost of operation overseas via outsourcing does not mean that the rules and laws of economics do not apply when in fact the reaction of these businesses are very much in line with economic principals of supply vs demand of wages and competition. Even when government attempts sweep the role of prices in regards to reflecting real world costs of production of goods and services in the market under the rug the rules and laws of economics will always come back and bite them in the butt.The rules of Economics no longer apply. In America companies have sent millions of jobs overseas, cutting their operating costs to a fraction of what they were, yet the prices have only gone up and up....along with every CEO's paycheck/pension/etc.