Red I hope and pray you are right and all our fears are an invented fairytale invented be right wing media. If you're right then my boy's future may not be sealed. If you are wrong and Obama gets reelected and the economy tanks then what. What happens if the dollar fails and isn't the worlds reserve currency anymore and inflation skyrockets? I hope you are right and all of us sky is falling conservatives are wrong for my boy's sake. I pray we won't become another ussr or Greece. If you are wrong and the economy turns into another great depression then I'm sure it will be a republican's fault, right?
Don't put words in my mouth. It depends on whether a republican is in office at the time. Look, you can be gloomy about the future if you want to, the whole Republican party is. It's another reason that they won't win in 2012. People want to have a bright future in hard times. Happy days are here again. That ain't the GOP platform. Obama is still subject to a major blunder, but he hasn't made one yet. This country is not as weak and hopeless as you think it it is. We are light years ahead of Russia or Greece. It is propaganda that your children will have no future. You damn sure don't want to elect people who think like that.
China Calls Our Bluff: "The US is Insolvent and Faces Bankruptcy as a Pure Debtor Nation but [U.S.] Rating Agencies Still Give it High Rankings" → Washington's Blog quote from article: “Compared with the US’ conquest of the world by means of force, Moody’s has controlled the world through its dominance in credit ratings,” the editorial said... China is right. U.S. credit ratings have been less than worthless. And - in the real world - America should have been downgraded to junk. See this, this, this, this, this, this, this, this and this. Many in china have absolutly no faith that America will be able to pay it's debt. Can you blame them ? 14,000,000,000 in debt and a government instituting more government entitlement programs that there is no way we can pay for and enacting more regulations that will only cost business' more to operate. China thinks that were crazy. Our own government cuts the throat of it's corporations and small business'. Our own government is instituting regulations that will cost jobs. The EPA is doing a backdoor end round on congress and mandating carbon regulations now. How many industries must we lose. We've lost the steel industry. How many must we lose. No wonder china is losing faith in America and is saying they're not going to buy as much American debt. The day is coming when they won't buy anymore at all
The problem is that this administration never saw the writing on the wall when Greece went belly up (and other European country leaders realizing the need to tighten up), and insists on the policy of increasing spending (and hence wastes), thinking the government can spend its way to prosperity. I am sick and tired of these socialists only knowing how to play class warfare, and complaining about the "rich" in not paying enough of their fair share. It is interesting that most of Obama's economic advisory team had jumped off the boat like rats from a sinking ship.
The Aspiring Survivalist: China won't be buying U.S. government debt anymore Most of obama's economic team were from academia and had no real world experience. Now they are going back to their ivy league schools to teach another generation of Marxist sympathizers.
I am sure China is just as alarmed at the prospect of the debt ever getting paid back when this country's administration is still to continue to raise the so called debt ceiling; they must be thinking "are they kidding themselves???" What's the point of a ceiling when it kept on being raised? We have yet to see any sound fiscal policies.......... The rediculous oil prices are killing this country's recovery efforts; Obama should have known better not being so restrictive with this country's oil drilling policies.
