This title of the article makes me upset. U.S is the reason why economy all
over the world is failing. Don't look down on Europe when you are the one
messed them up.
"...Ops...', he said...".RIP Rick.
All eight candidates said they wouldn't back the bailout to the auto industry,
George Bush backed it 100%, and he was on the front lines. These 8 candidates
are in a popularity contest.This article smacks of Mitt yet he
according to CNN, MSN, LA Times did not come in as winner but a distant
third.Ron Paul kicked butt. The debate was on the economy so Mitt
was at a disadvantage as were the others who don't want to really ruffle too
many Washington feathers.Paul although distasteful is the only
original thinker with Newt seeming to gain momentum as of late as well. This
country might have to elect the worker bee rather than the queen bee this time
around if change is what we want.
Fearmongering hoobs, the lot of 'em. You can have a single payer health system
work and not 'fail' like europe for example. You can make bankers responsible
and still have them and the nation succeed. Just because some european nations
are failing based on an economic policy of extreme stupid doesn't mean we will
succeed by turning it around 180 degrees. Extreme stupid in either direction is
still stupid. Extreme. We've got a way to go but eventually we need to come to
one conclusion. Someday we can be Canadians.
Donating to the IMF is the second to last thing we should ever do. And Powder
8. It is not the US, it is the central banks at the root of this
problem. Read your history, and read what Ben Franklin said to europe when
they asked him why the colony's were so prosporus, and then what Briton did
"unless federal deficits are drastically cut and the economy somehow
revived."The GOP admits that we mush DRASTICALLY CUT THE
DEFICITS, but will opt for mild cuts in order to keep from raising taxes.How sad for our country.Can you imagine how positive it
would be if we could reduce our deficit by $4 TRILLION?$3 Billion by
spending cuts in combination with $1 Billion in increased taxes?That
would be serious. And the world and markets would respond VERY positively.But alas, the GOP would rather hold to rigid principle than do what is
right for our country.
OK Conservatives.We have seen the GOP candidates say they would
reject a 10 to 1 (spending cuts to tax increases) deficit reduction plan.Recommend this post if you agree with them, and then defend your
position.Tell us how that position is good for our country.
"There was only scant mention of the Michigan auto industry, which
benefited in 2008 and 2009 from a federal bailout that both President George W.
Bush and Obama backed. All eight Republicans on the debate stage say they
wouldn't have offered government assistance."No question that
the auto industry made its own nest -- resisting any EPA-styled fuel efficiency
standards, pushing SUVs even in the face of escalating gas prices, etc. And yet, it wasn't the fault of those middle-class auto workers that
their bosses and CEOs made stupid decisions to make cars no one wanted.
American workers have been paying for the sins of their rich bosses who got
"golden parachutes" upon being asked to step down; middle-class auto
workers didn't get such perks -- no wonder the 99 percent are protesting Wall
Street! These GOP candidates have so little understanding of how
business drives prosperity. They're saying that they'd risk millions of
American jobs and the loss of a major global industry because of their simpleton
philosophical "belief" that government shouldn't pick winners and
losers. At least Bush and Obama picked the American worker when
they chose to invest in and save America's auto industry.
Other than Ron Paul, who is the only candidate who has taken the issue seriously
and who knows more about economics than the combined knowledge of the rest, the
politicians are simply that - politions! They couldn't care less about you or
I, or the economy. And that's because the likes of them (both parties) have
willfully taken us down this failed path. The power and control the
politicians and mainstream media have, is their single driving force. And until
they have it "all", nothing will stop them.A serious and
committed approach before any consideration for new or increased taxes, would be
the elimination of the "unconstitutional" Federal Reserve and passage
of a Balanced Budget Amendment; inclusive of a manditory deficit reduction plan.
For starters, I'd turn off Obama's printing presses and I'd send Bernanke to
the unemployment line - no more bailouts funded by "fiat" money. The
U.S. dollar is on the brink of collapse. I fear that we've dug ourselves into a
hole, that under our present conditions, we cannot climb out of. And I don't
trust that "anyone" in Washington or any of the hopefulls will do
anything meaningfull. I fear it's too late
Some of you think denial is a river in Eygpt! Its was not banks who spent our
country to the edge of economical default, it was our federal government! It
wasn't banks who amassed mountains of debt in Europe or in America, it was
respective out of control spending by GOVERNMENTS that did that!
Mountanman,No but it was the bankers who made millions of dollars in
loans that they knew would never be paid back. Why did they do it? Because it
meant a big bonus for them. There is plenty of blame for this mess, and bankers
along with the federal government for lack of regulation on banks would be at
the top of the list for blame.
Joe Blow: I love liberty and freedom. Your question shows your disdain for
liberty and the desire to give to government something that government will
gladly take, your freedom and liberty.
What caused the collapse of our economy? One word. FRAUD! There is
enough blatant evidence to suggest that Fannie, Freddie, and Wall Street
investment banks were in collusion in the creation of illegal mortgage backed
securities that directly resulted in: property values nose diving,
401K's tanking, the death of the dollar, foreclosures and homelessness galore,
pre 1929 like unemployment and underemployment, robo-signing fraudulent
activities to hide Fannie, Freddie, and Wall Street investment bank wrong
doing.Regarding the foreclosure crisis, Mr. Romney said he wants the
market to correct itself. Really? He made no mention about criminals that may
have ruined the market?A strong leader would have said that
indictments were in order and the guilty would pay restitution to the millions
of victims of this horrendous crime. I worry about Mr. Romney. Is he
a Wall Street apologist in sheep clothing?
In the article, one of the moderators asked if the President should fire Cain as
CEO of his company. Since when is it the President's constitutional right to
fire anyone in private enterprice. It was unconstitutional with the Auto
makers, and it's unconstitutional now. I was frankly surprised that Romney's
response, didn't include that statement. There are so many constitutional
violations that Obama committed, they cannot be numbered. And what have our
politicians done about it? Absolutely nothing. Though it has been the
foundation of this once great nation; unfortunatley, it appears the U.S.
Constitution matters very little anymore.
@Powder8You seriously believe the US caused the European financial
meltdown?What really happened was, they have a governing body to
cooperate on trade, and a unified currency, without instituting a governing body
for monetary policy, or one to regulate trade inequities.The next
problem is vastly divergent work and saving ethics within the EuroUnion.In the absolute absence of the existence of the USA, Europe would be in
the same fix as they are in now.
"I love liberty and freedom. Your question shows your disdain for liberty
and the desire to give to government something that government will gladly take,
your freedom and liberty"So, in particular, what SPECIFICALLY
did I write that shows my "disdain for liberty"?Can you be
more specific?Is it my concept of cutting spending and increase
taxes to cover the spending?Are you advocating that Liberty means
passing debt on to future generations?Please help me to understand
what Liberty means.
JoeBlow: I will be happy to do so, since very few understand what liberty
means. Many in our culture have come to believe, whether Democrat or Republican,
that Government is responsible for taking care of my needs; thus they have
chosen to give to Government something that Government has no right to take from
me in the first place. Governments were instituted for one purpose, to protect
my unalienable rights. Anything less is tyranny and takes away from me my
liberty to choose. For example, 'cutting spending' and 'taxes' is the mantra of
those who haven't even considered the purpose of Government! So, the partisan
bickering that people complain about has nothing to do with the reality of what
government was intended to do for citizens in the first place. No, Liberty is
not passing debt on to future generations! The answer is not taxing more and it
is absolute elimination of spending and returning government to the God ordained
purposes. If a nation has drifted so far from the truth, then enlightening them
would include helping them understand the proper role of government. Anything
less is more tyranny and less liberty.
well Bandersen,Per your definition, I have not seen
"Liberty" in my lifetime.And per your definition, Reagan
took away much more "liberty" than Obama has.As did Bush 1 and
Clinton, and JFK, etc etc etc.As for "absolute elimination of
Spending and returning Govt to the God ordained purposes"I for
one feel safer eating food and taking medicines because of the FDA.I have
seen too many times when corps put profits over ethics to the detriment of the
people.And I believe that God just let the founders write the
constitution. But, we are free to disagree there.
European bankers bought into the Wall street Hedge fund blue sky assets gambling
with depositors money. The "fail" occurred in the international
private finance sector that exists. The European failure is caused by trying to
replicate wall street internationally.
We ridicule the EU as it careens toward high debt financial ruin and crushing,
unsustainable social policies. Then we craft our own country's laws in the same
direction. Instead of career legislators we need some historians in congress.