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Default the success of the bush tax cuts

In article ,
says...

On Tue, 14 Jun 2011 14:52:17 -0600, Canuck57
wrote:

On 14/06/2011 9:41 AM,
wrote:
On Tue, 14 Jun 2011 06:09:25 -0400, wrote:

yet the right wants to continue its bizarre faith based economics.

There was a lot more complexity to the investment in WWII.

We were investing our money in an enterprise to destroy all of our
competition ... literally.


Yep. Just raises costs, making USA less competitive.


funny that countreis with strong unions have the strongest
manufacturing.


Which is why Obama opens up on China then quietly shuts up. China just
might write off $2T of bad US debt and let USA take its chances with the
valueless dollar. Would make oil for Chinese cheaper.



HAHAHAH guess he forgot the keynesian dictim

if you owe the bank $1000 you have a problem

if you owe $1 million, the bank has a problem


Watch Chinese inflation, that is where the weak USD is driving the
pressures. If the Chinese let the USD float down in value, the USA will
see major inflation pressures.


really? from where? the non existent pay increases of the middle
class? the renmimbi is undervalued and has been for years

you're just too stupid to know that


Bottom line, US economics is now owned by China. Far too much money
expansion from the US Fed and government debt to stop it now. The
reality hasn't set in, but China is already in many ways the #1 world
economy.


the chinese hold about 5% of US debt

so tell me again how they rule us


You are the self appointed economic genius, tell us.


 
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