(03-30-2009 07:39 AM)Owl 69/70/75 Wrote: We are totally dependent on foreign investment in order to survive as an economy.
1. Americans save less than any other country.
2. Our burgeoning federal deficit sucks up more of what we DO save.
3. We ship tons of cash overseas to sustain our status as the world's leading importer.
If we don't bring that cash back as foreign investment, we can't sustain an economy. The rest of the world--starting with China--simply sucks all our wealth out. We become Zimbabwe.
Our ability to attract foreign capital, despite tax and regulatory policies that stifle home-grown businesses, has always been aided by one fact. Our government has never meddled in the internal running of businesses as much as foreign governments do. Until now.
This is very troubling to me. I don't know how this will play out, but a giant sucking sound as foreign investment leaves--or ceases coming--is well within the range of options. That would be the death knell of the USA as a place worth living in. No more, no less.
It troubles me also. I don't know if you've noticed but I'M D@mn ANGRY. I believe in America. But we have allowed a few small percentage of Americans to put us on this path. The lazy stupid silent majority has allowed the fox into the henhouse and is reeking havoc on the populous. The leader chickens care more about the rights of the fox than the fellow chickens.
Quote:President Barack Obama asserted unprecedented government control over the auto industry Monday, bluntly rejecting turnaround plans by General Motors Corp. and Chrysler LLC, demanding fresh concessions for long-term federal aid and raising the possibility of quick bankruptcy for either ailing auto giant.
Quote:The administration engineered the ouster of longtime CEO Rick Wagoner over the weekend, an indication of its deep involvement in an industry that once stood as a symbol of American capitalism.
Barry judges the CEO's of the auto industry for mismanaging finances WHILE he's about to increase the budget deficit by a factor of 4.
Communism is here!!! Nationalized Health Care, Nationalized Banking, Nationalized manufacturing sector, and soon to be taxed out of existence Energy Industry.
(This post was last modified: 03-30-2009 06:15 PM by THE NC Herd Fan.)
(03-30-2009 06:51 PM)Owl 69/70/75 Wrote: Stick a fork in us.
We aren't done... yet.. but soon there will be a day when we sell T Bills and nobody will be buying.
As soon as that happens look for a foreign crisis to explode somewhere.
Then all hell WILL break loose on the domestic front.
Exactly, the US Government has a debt rating just like individuals. Like individuals when National Debtto the income source (GDP) ratio gets too high there will be doubts about the US ability to repay the debt. To get someone to buy T Bills the Gubment will have to pay a premium, 10, 20, 30 percent interest? Who knows, but we are near that point now.
Hi, I'm Barry Obama. President and CEO of "U.S. Automotive". I'd like for you to come down to one of dealers today and test drive the new "Chevrolet Hope" and the "Chrysler Change".....
(03-30-2009 05:30 AM)Fo Shizzle Wrote: BO gave this guy exactly what he wanted. He can now say that.."I did what I could to save the company...but...the government stepped in removed me. I'm sorry, but this is someone else's problem now."
Look for Waggoner to dissapear into a wonderful retirement on a beach somewhere.
Dude made 16 million while GM lost 23 million last year. He should be happy he wasn't "retired" long ago.
(03-31-2009 08:37 AM)Paul M Wrote: I'm not buying anything this f'cker selling.
You don't have to buy anything from him - he'll tax the crap out of you and then allow you to have what he thinks you should have. This guy is an attention whore.
Obama is an American Hugo Chavez. I'm sure they pass the union voting act so the Democrats can have total control over union members and force them to tow the party line. Unions and government workers will support Democrats because they control all the money and jobs. Democrats are prepared to fix it that only democrats get in a union and get those benefits. Democrat party with allies like Acorn and the liberal media have stolen this country and are bent on destroying talkradio which is the main opposition to the dictatorship the Democratic party has installed on this country. Democrats sabatoged the war on terrorism by coming out against the war in Iraq in a way that turned public opinion against the war. The negative news coverage and the constant critics of the methods of defending our country against radical islam. Democrats and the media bashed the oil companies. Any time there is a good paying industry in this country democrats bash it. Democrats want everybody poor and dependent on the government. Just like the Soviet Union. Democrats will ban guns and talk radionext. We are in the United States Socialist Republic: The new USSR.....premier Obama and general secretary Pelosi.....No one is allowed to make over 250k unless you belong to the Democratic Party. Gates, Buffett, Soros, all Democrats....are worth billions....they got theirs, but you can't have yours.
(This post was last modified: 04-01-2009 11:41 PM by OUBOBCATJOHN.)