The Economy Is Deteriorating at an Extremely Fast Rate

http://libertarian-neocon.blogspot.com/2011/06/economy-is-deteriorating-at-extremely.html ^ | libertarian neocon

[Jim Noble]

We are not the richest country. Arguably, we are the poorest

Only if you think of wealth as little green pieces of paper.

THAT will change.

Our REAL wealth - natural resources, farmland, potable water, a creative, energetic, and armed population are the greatest in the world.

[hedgetrimmer]

Much of the out of control spending is due to the government funding of ‘free trade’ and the trashy globalist institutions that control it.

The government quit spending money here, on federal highways and other infrastructure a long time ago. Maintenance of our highways, federal water projects, ports and our on shore military bases should not be cut, IMO. But that is what the ‘free traders’ want us to do. If we do that, Dianne Feinstein will have no choice but to sell us sub par steel beams from her Shanghai steel mills to build the San Francisco Bay bridge.

Oh wait a minute..

[arrogantsob]

Good to see someone gets it.

We do not give Red China aid of any sort.

[arrogantsob]

The economic howlers which pass as truth around here are hilarious nearly as bad as DU.

[arrogantsob]

The US government does not give away tax dollars to China. It might buy Chinese rocket launches from time to time but that is entirely different.

[1rudeboy]

If the trade deficit was cut to zero tomorrow, this country will still go in the tank if we continue on this path.

The only difference will be that then, you will have a bunch of True Conservatives™ running around asking, "what happened?"

[arrogantsob]

Hmmm, I’ll offer sanctuary to the girl on the right.

[arrogantsob]

Some of those dollars might go to China but they aren’t ours after we give them to Pakistan.

[arrogantsob]

Ridiculous, American poor live like kings compared to the vast majority of the world’s population.

Middle class Americans have far more than even the richest in the past.

It is precisely because the people are so well off that they have allowed these commies to take power.

[arrogantsob]

Protectionism is a dead end and only invites retaliation. If you believe shrinking the world economy is an answer to anything you need to review some basic economic works.

Free trade makes both partners richer. It also makes both sides more competitive. Protecting inefficient and/or obsolete industries misallocates economic resources and undermines free enterprise.

Aneruca’s greatest enemies are not in Beijing but in D.C.

[arrogantsob]

Still spreading the same ole crap. There appears to be some dumbasses here who will swallow it.

[arrogantsob]

Even the concept of a balance of payments deficit is no longer valid under a floating exchange rate regime.

The level of economic knowledge among the population of the nation and even FR is abysmal. Xenophobia and reliance on class warfare are rampant.

[hedgetrimmer]

Protectionism is a dead end and only invites retaliation

Only if the US is protecting itself from Chicoms. Otherwise everybody else but Britain is protecting their economy.

If you believe shrinking the world economy is an answer to anything you need to review some basic economic works.

Global economics is collectivism at the highest level. The world economy is not the responsibility of the American taxpayer. To put the world economy before the prosperity of America, is classic redistribution of wealth, free traitor.

Free trade makes both partners richer.

It makes you richer as long as you're a communist or global trash transnational corporate CEO. Everybody else is much poorer for it, especially tax paying US citizens.

Protecting inefficient and/or obsolete industries misallocates economic resources

Classic communese. You communist free traitors believe in 'perfect knowledge' which means you communist free traitors think you know everything about a system and can manipulate to perform the way you want it too. It was demonstrated over and over again in the USSR. Well you're manipulating the American economy and its crashing. Is that what you wanted it to do?

And by the way, free enterprise is not compatible with your globalist collectivist control of economies. Free enterprise means the overall economy isn't the focus, its the right of INDIVIDUALS, not corporations free traitor, to pursue wealth. 'free trade' has destroyed all that.

[arrogantsob]

There have been about 24 true civilizations in the history of the world according to Carroll Quigley in “The Evolution of Civilization”. Those civilizations have risen and fallen and been supplanted by their successors.

When civilization is at its peak it exhibits the same characteristics: high volumes of international trade, democratization, high levels of literacy, an increase in knowledge, geographic expansion, increased population and increased production and rising standards of living.

When civilizations collapse or are conquered most of this disappears particularly international trade and literacy. Then a Dark Age sets in until the next civilization rises.

Tariffs, quotas and prohibitions all DESTROY trade and spread misery relative to free trade. Local production ALWAYS means LESS for everyone. That is the status of a pre-feudal and feudal society where no one trades and no one travels.

There is no such thing as “global economics” only capitalist development. America’s economy is PART of the world economy and there is no escape from that FACT. Political divisions never increase the level of wealth. Free trade is NOT a zero sum game but INCREASES the amount of wealth as economists have known since Adam Smith over two hundred years ago.

Corporations are individuals under US law and have been for over two hundred years. They have certain rights which are protected by law which prevents them from being raped by totalitarians such as hedgie and his pals.

As is easily seen hedgie knows nothing about “free trade”, nor economics nor almost anything he blabbers about. He prefers to pretend our problems are because of trade rather than a government bent on destruction of individual liberty and control of the economy. He is blind to the effect of taxes and unions as well as the overbearing and crushing regulations which drive industry out of our country.

[hedgetrimmer]

Corporations are individuals under US law and have been for over two hundred years. They have certain rights which are protected by law which prevents them from being raped by totalitarians such as hedgie and his pals.

You're a collectivist! LOL, like I can do anything to GE except buy their poison trash fluorescent bulbs made in CHINA because they CORRUPTED our GOVERNMENT to pass a law prohibiting safe, inexpensive, made in America incandescent bulbs. Global corporations have destroyed INDIVIDUAL RIGHTS in this country! Do you know what else? I PAY taxes GE doesn't you free traitor and they take subsidies from the US taxpayer even though they aren't even close to being an American company anymore and they are richer than many countries on this earth. I DON'T take subsidies free traitor, but your transnational trash globalist corporations do. YOU know the system is now rigged against the founding principles of this country of individual rights not corporatist collective rights. You're already sounding the death knell of American civilization, due to your free traitorous agenda. Sadly you seem to be happy about the death of this great nation. But nations get in the way of free traitors, with their borders and national laws. That's why you have to destroy us.

If you say the 'government bent on destruction of individual liberty', you are correct! Government by GE and their Chicom partners, corrupted them all due to 'free trade'. And ludicrously you state I'm blind to taxes! What TAX did GE pay last year? Tell me! Inquiring minds want to know!. I guarantee that I send my hard earned wages to the US Treasury department-- so those criminals can give it away to China via TARP and the international bank bailouts.

You can't be such an idiot! You must be getting paid to post here.

[nascarnation]

Right now I’d wager that Baraq loses any 2-way matchup and wins any 3-way matchup.

And unfortunately, it’s nearly impossible to elect a veto-proof Senate in 012.

[DBrow]

http://www.usaid.gov/locations/asia/countries/china/

http://www.investors.com/NewsAndAnalysis/Article/560621/201101211919/Editorial-Why-Does-The-US-Still-Give-China-Aid-.aspx

[1rudeboy]

Don’t you understand that our leaders in Washington are wise enough to save us from the perils of “crony capitalism?” Oh, wait a minute . . . .

[arrogantsob]

Corporations have tried to and have corrupted the governments of the federal union often that is as much a part of the system as voting. However, here the government has corrupted the corporation not the other way around.

We cannot return to 1830 unfortunately for your ideas.

[arrogantsob]

That article did not tell me much. However, I would be opposed to giving China the 65 cents/capita if it is correct.