Subprime Nation

[Nebor]

Now first of all, I don't like Pat Buchanan. I think he's a nut most of the time. But I think he makes some good points here: http://www.worldnetdaily.com/s...cles/article59693.html

Seems as if we're selling ourselves down the river.

 

[Vic]

We are thus in the position of having to borrow from Europe to defend Europe, of having to borrow from China and Japan to defend Chinese and Japanese access to Gulf oil, and of having to borrow from Arab emirs, sultans and monarchs to make Iraq safe for democracy.

We borrow from the nations we defend so that we may continue to defend them. To question this is an unpardonable heresy called "isolationism."

Heh. Pat is known for his occasionally exceptional gems...

 

[bamacre]

YARPT :roll:

 

[rchiu]

Well, it's easy to criticize and hard to come up with solutions.

 

[Moonbeam]

Originally posted by: rchiu
Well, it's easy to criticize and hard to come up with solutions.

How about stop doing what is criticized as a solution.

 

[Slew Foot]

As much as I like dislike the guy, that article was pretty good.

 

[Pabster]

His latest book is pretty damn good. And I don't particularly care for Buchanan.

 

[Vic]

Originally posted by: Moonbeam

Originally posted by: rchiu
Well, it's easy to criticize and hard to come up with solutions.

How about stop doing what is criticized as a solution.

The problem with both the "left" and the "right" in the US is that they spend all their time and efforts fighting over what type of mansion we're supposed to purchase on our blue-collar salary.

 

[techs]

I catch Buchanan every Sunday morning on the McLauglin Group.
I don't agree with much of what he says, but he is a Conservative, and not a Neo-Con, therefore he makes at least some sense.
And I agree we need to fix our borrowing problem. But I completely disagree with his inane belief that we somehow have "free trade" with China and that those who say its unfair trade and want to change it are wrong.

 

[rchiu]

Originally posted by: Moonbeam

Originally posted by: rchiu
Well, it's easy to criticize and hard to come up with solutions.

How about stop doing what is criticized as a solution.

Yeah, I am sure you can talk the ignorant mass into stop doing what is criticized....

 

[Vic]

Originally posted by: rchiu

Originally posted by: Moonbeam

Originally posted by: rchiu
Well, it's easy to criticize and hard to come up with solutions.

How about stop doing what is criticized as a solution.

Yeah, I am sure you can talk the ignorant mass into stop doing what is criticized....

Are you saying democracy is bad then?

 

[Moonbeam]

Originally posted by: rchiu

Originally posted by: Moonbeam

Originally posted by: rchiu
Well, it's easy to criticize and hard to come up with solutions.

How about stop doing what is criticized as a solution.

Yeah, I am sure you can talk the ignorant mass into stop doing what is criticized....

I'm sure that when everybody is saying stop doing what we are doing we will.

 

[StageLeft]

Yuck, seeing it all on one page makes it so much worse.

 

[bamacre]

Originally posted by: Vic

Originally posted by: rchiu

Originally posted by: Moonbeam

Originally posted by: rchiu
Well, it's easy to criticize and hard to come up with solutions.

How about stop doing what is criticized as a solution.

Yeah, I am sure you can talk the ignorant mass into stop doing what is criticized....

Are you saying democracy is bad then?

It can be. It is up to the people to live up to their responsibility to make it work. Unfortunately Americans aren't living up to that responsibility.

 

[OutHouse]

Originally posted by: Pabster
His latest book is pretty damn good. And I don't particularly care for Buchanan.

same here.

 

[babylon5]

Never like him, but can't deny what he said is true

 

[piasabird]

So we have two Spend and Spend parties they just spend on different things. So far I think the Neo Cons have spent the most money.

 

[Mavtek3100]

Very Cool, had just about given up on Anandtech forums and then they go and add a political topic! YES! Read this article earlier today and must say it's pretty much hands down why I support Ron Paul.

 

[WhipperSnapper]

The U.S. having economic problems and having to borrow from foreign countries? What kinda BS is this?

How can that be! The economy is strong and getting stronger! We have massive amounts of immigration (and we know how immigration automatically leads to economic prosperity) and we have free trade and foreign outsourcing. Heck, we're even using work visas to replace Americans with superior and cheaper foreign workers. Therefore the U.S. economy must be booming and Buchanan must be wrong. Free trade theory says that it must be so.

 

[WhipperSnapper]

We let Europe to get away with imposing value-added taxes averaging 15 percent on our exports to them, while they rebate that value-added tax on their exports to us. Thus, the euro has almost doubled in value against the dollar in the Bush years, as NATO Europe begins to bail out on Iraq and Afghanistan.

We sat still as Japan protected her markets and dumped high quality goods into ours and China undervalued its currency to suck jobs, technology and factories out of the United States. Now, China and Japan have $2 trillion in cash reserves. The Arabs have an equal amount of petrodollars. Both are headed here to spend their depreciating dollars snapping up U.S. assets ? banks, ports, highways, defense contractors.

So much for our one-sided open markets and free trade policies.

It's nice to see a well-known commentator mention that our trade deficit dollars are not being used to purchase American-made goods and services, but rather that they're being used to purchase American assets. We traded our wealth--our savings--our means of production--for ephemeral consumer goods and services. The Chinese must regard the United States as an overindulgent decadent nation of morons who will soon serve them (and rightfully so).

 

[Mavtek3100]

Yes Whipper, it's the beginning of the end for our empirical ways. You can thank our current government.

 

[Mursilis]

Originally posted by: Mavtek3100
Yes Whipper, it's the beginning of the end for our empirical ways. You can thank our current government.

Which gov't do you mean? It's not like deficit spending began with Bush, although he's admittedly done little to stop it. The Democratic Congress hasn't balanced the books either.