Posted on 10/04/2009 1:33:33 PM PDT by TaraP
Edited on 10/04/2009 7:51:47 PM PDT by Admin Moderator. [history]
US economic power is declining as a result of the financial crisis, the head of the World Bank has said.
"One of the legacies of this crisis may be a recognition of changed economic power relations," said World Bank president Robert Zoellick.
(Excerpt) Read more at news.bbc.co.uk ...
BAAAAAAAAA
MAAAAAAAAAAA.
“US economic power is declining as a result of the financial crisis, the head of the World Bank has said.”
....I hope he spreads the word to the immigrants that are flooding us to stay home.
The U.S. tore up it’s foundation when it transferred as much of it’s manufacturing as it could to China.
Look at what that manufacturing accomplished for China. Look where we are headed.
Folks, the evidence is in.
Who carries the most of our debt?
Global governance, by any other name...
Get them to go to the happening places, China and Brazil!
As this happens conservatives have to reassess the value of the global market place. This shift will end constitutional freedom even moreso than it has already been assualted by the elite “citizens of the world.”
I want freedom passed down to my kids and I do not care what the Globe thinks about that. We have made a mistake to allow the elite to integrate unconstitutional ideology into our country so that they can swill wine comfortably in their globalist circles.
And America has allowed its own destruction and is sitting complacently watching ruler Obama stir them into the pot of marxism.
Sheeple. Unaware of their destiny.
I agree. Thanks Sara.
Agreed...
Duh, but lets not talk about the UK’s economic woes, BBC.....
What power? We’re broke!
I think that is the plan. The ObamaComs told us they were going to turn America into a third world banana republic. A lot of people voted for them anyway.
Well, I’ll tell ya what made me sick this morning is to hear Katrina Vandal Hoover on the two Georges on Cokie show (Steponallofus and Will) gloat that “we are no longer a super power!” George Will never even attempted to utter a correction of any kind to this slur upon my country!!!
Zoellick is a Bush appointee.
God blessed America. I believe he will again when we have been pained enough to call his name as one.
It may be a slur, but liberals have rendered us broke and impotent, so that to me translates to not being a super power, at least not a useful one right now.
Welcome to The Dark Ages 2.0
George Will, Bill Crystal, there’s a whole list of these idiots who really are not Conservatives, but are lofted week after week after year after year, to express your and my opinions.
They don’t speak for me. I loathe them.
The goal is to reduce this nation so it isn’t a super power.
Reagan had to rebuild, and the next guy with a brain will have to also.
“A multi-polar economy less reliant on the US consumer will be a more stable world economy,” Mr Zoellick said.
My first visceral response to this was “Oh Yeah!” That was mainly because I think that the “American” Charge Card has been maxed out and needs to be closed down to cool off and be paid off.
Frankly our general foreign policy since World War II has been to use Americans as the means to pull EVERYONE else out of the mud of their misfortunes of War. This was done first by supplying cheaper goods than those that could be made within their own countries. Then it moved over in the last few decades to “outsourcing” Manufacturing and then R & D to various countries around the world.
Well guess what, we are now the ones who are drained. Both financially and in spirit.
In some ways it reminds me of my first marriage. I built up my wifes’s self esteem and self worth at the expense of my own. In the end though she thought she no longer needed me and moved on. She since has crashed and burned since no one else saw her that way and supported her in the life-style she had grown accustomed too.
It only took me a couple of years to get back on my feet emotionally and financially, and that was raising three teen-agers too! And if my own life is a metaphor for the United States then I think in a few years we will be doing just fine and have the hard won knowledge that that particular line of thought and deed just doesn’t work out too well.
I'm not just taking the current economic circumstance into consideration here and I'm afraid you are... Please reconsider.
What exactly has the manufacturing accomplished for China? A country where the average income less than a welfare mom in the U.S.?
I agree. I have been saying publicly for over a decade though, that when the time comes that religion is once again popular, you can count on Barny Frank being the head deacon, and the leftists to act as if they have been the most devout Christians in world history.
We must watch for that, and absolutely destroy the political viability of any leftist who tries this. Otherwise the twisted goals of the left will still be pushed, only then as if it were Christ’s own plan.
I know some of that takes place now, but it will be much worse then.
If you take a look at China in 1990 and China today, you’ll see what it accomplished.
My pint was that profits go to the central government.
Sure the standard of living hasn’t matched ours. None the less the central government is ever so much better and more powerful than it was in 1990.
Look at China’s expanding influence globally. Don’t kid yourself. It is. And we facilitated it.
multi-polar economy less reliant on the US consumer will be a more stable world economy,” Mr Zoellick said.
I read where the large corp are going to the up and coming ones—India, Brazil and China to sell goods,as the US consumer is broke.
And I retain "hope" that such righteous "change" will occur when the next guy/gal with a brain engages in actually leading and freeing this sleeping giant, once again!!!
As ACORN and the rest of the Commonist lefties love to chant... "The people, united, can never be defeated!!!" It's just that the people in this country will not suffer losers, nor unite with them for very long. That's what Reagan proved!!!
I was wanting to make some lofty investments in North America, but I believe he is taking the G7 on a death ride.
Vindictive! I believe he is out to do whatever he can to destroy the west! Economically.
Poitically and militarily?
Its Jihad in America starring Barrack Obama.
America better shake her head and stand up.
The U.S. consumer has been purposefully defunded. There has been a full court press to destroy the earning power of the U.S. Citizen for close to twenty years now.
We transferred millions of physical jobs off-shore. We transferred millions more clerical jobs off-shore. We allowed third worlders to flood in and take other jobs. We facilitated the influx of trained workers to replace our own in a number of industries, some of them quite important.
When our manufacturing was shipped off shore, R&D followed close behind. Not all of it did, but a significant portion of it did.
Seriously, if we had wanted to commit national suicide, we couldn’t have gone about it much more effectively.
China now holds a lot of our paper. So does Japan. We are spending at an insane rate, and these things are having their effect.
We could clean it up, but there’s no vision, and there’s even less will.
I don’t think the Reagan ideology survived him for one important reason. The party didn’t believe in Reaganism. It didn’t then. It doesn’t today. They’re happy as a pig in mud to state that Reaganism is dead. Hell, they thought it was dead when he was in office.
The people were more united than it seems. It’s just that when a cause has no champion, it’s a cause that’s doomed to irrelevance.
Who champions Conservatism today? Who goes out and treats it with the reverence the left does Marxism?
In a word, nobody.
Obama is going to shed support like a snakeskin. I don’t think it comes back. He’s dead in the water.
If he loses on health care he’s discredited. If he rams it down our throats, he’ll be loathed more than any other president in our nation’s history.
He may single-handedly destroy his party. If only...
He just fights for another team. I wouldn’t term it vindictive, although that may play in. I would term it extreme dedication to Marxist ideology, and of course hatred of the main power who stood up to it in the last century.
Vindictive? Well there may be more to that than I am giving credit. He’s just enamored with Marxism, Socialism, Communism, and Fascism. Obamunism is the bane of a healthy U.S. I’d be very leery of make big investments here too.
Hell, he may just nationalize what you invested in. He won’t be happy with only nationalizing half the economy.
Hugo Chavez had him pegged.
Has been for a long time. Cannot defy sound and intelligent financial practices year after year after year. Just ask anyone who has spent recklessly what the usual final outcome will be, bankruptcy. That is where this Nation is headed, and sooner rather than later.
U.S. economic power decline started when energy independence was declared without using domestic energy resources.
(watch them stutter and sputter when you suggest that)
Sure, much better than it was. It’s much easier to grow at 10% a year when you start off with an average GDP of $1,500 per year. Having them build things for us has helped keep our costs reasonable and allowed people to own more things.
And so is Americans’ belief in Constitutional democracy. Otherwise, we’d have the birth certificate by now.
Americans are too dumb to stop this. But it would help balance the budget and pay down the national debt.
I've got my fingers, toes and legs crossed!
Just like I did when Juvenile Jimmy Carter was POTUS!!
You're right, when they become the object of ridicule, they're politically DEAD!!!
You’re almost starting to sound like one a them “bitter clingers” he once talked to in Soddom and Gomorah in the Gay Area... (grin)
1. Costs weren’t reasonable when we had to layoff our own workers to employ theirs to get those costs.
2. Supporting a totalitarian regime is never a good idea at any cost.
3. The transfers of technology alone were very problematic.
4. The long term R&D impact was ill thought out.
5. Manufacturing jobs, generally considered a good asset when trying to crawl out of a recession are no longer there. Well millions of them aren’t.
6. The tax base losses to cities, regions, states, and the federal government cost us dearly.
7. Individual purchasing power having been destroyed for many, trillions of dollars worth of economic activity hasn’t taken place that should have.
8. The resulting secondary spending also didn’t occur.
9. Putting China in the position of being the nation to hold our paper was a terrible idea.
10. National security secrets were ferrited out of the county to China.
11. We helped finance the modernization of a nation that will sooner than later challenge us and cost many oF our military members their lives.
Other than that it was a good idea.
You and me both bud.
Hey! LOL
Please, let's stop kidding ourselves. What were conservatives doing when "progressives" took over at the turn of the XX century? What were they doing when Roosevelt was implementing fascist reforms for over a decade? Where were conservatives in 1950s, when the Warren court declared criminals not guilty because the system had failed them? Where were conservatives in 1960s and 1970s? Or, for that matter, from 2000 to 2008, when they had both the White House and Congress? What they did was to increase the government by 56%.
The entire country has been leaning Left for over a century. So, please stop laying it to the libs; let's look in the mirror for once.
I seem to remember folks saying this about the US during the Financial Crisis that brought about the failure of the S&Ls in the 80’s, when the Japanese were buying up so much Real Estate.
You make some good points there!
Don't bother trying to read a history book while you're looking in that mirror in futility because it'll once again appear the exact opposite of what you think occurred...
Conservatives have not had anywhere near the resources or manpower or influence at any time that the left has enjoyed and used to marginalize conservatism.
You've obviously become oblivious to what LBJ did to Barry Goldwater, for example!!!
TopQuark! You might be a supreme sub-atomic particle, but your view of history is as blurred and blasted as if it met the Quark of truth coming the other way at equal speed!!!
Stop looking for "balance" and refresh yourself on the actual course of events and who actually did what, to whom and for what motivations!!!
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