Posted on 03/30/2013 5:22:09 AM PDT by SeekAndFind
The US is stepping all over itself to halt any development of natural resources, which is the basis for all real new wealth creation. I our area, there has been a systematic shutting down of timber, geothermal, mining, and now ranching and farming endeavors. It is a shift to imports for all our raw materials. Since new wealth is created from the mixing of labor and ideas with natural resources, the U.S. is intentionally cutting its own throat to reallocate wealth to the third world.
His father's Dream.
We also had a contingent of Wall Street buttsniffers here who were all in favor of TARP. Probably some of the same people. They don’t post much any more.
theoria, great points. And what bert posted also makes sense too along with the poster who basically was saying you can’t force business to stay here. All points are true.
But Cringing is also correct. Nothing good for the overall US lifestyle/health comes from outsourcing or insourcing. Sure, wealth will still be made. But one thing that escapes most (or is ignored); who the heck wants to live in a crumbling society.
Iron bars around residence, armed private security. Awesome, sounds great. Let’s welcome crime and live like some do in South America. Because that’s where this Country is heading. No sense arguing about all this, it’s inevitable.
That is exactly what is happening. The ideologues at EPA are creating so many rules, regulations and restrictions that capitalistic entrepreneurship is being restricted and the creation of real wealth and true prosperity is being severely inhibited. Obama borrows or prints a million dollars, hires ten non productive bureaucrats and thinks he has accomplished something. America is suffering. Obama is a fool. The creation of real wealth historically has the greatest correlation with the establishment of real social justice.
bttt
“With the market totally blind to the growing risk in each investment, anyone who had investments in housing or with Lehman Brothers suffered huge losses. “
With the market totally blind to the growing risk in each investment, anyone who had investments in housing or with Lehman Brothers suffered huge losses
Investors were hardly “totally blind.”
Stop giving credibility at that point. Markets always have risks, and the only one’s blind are basically negligent, regardless of “the government” or any other scapegoats involved.
That is epic.
Protecting our borders and erecting tariffs were some of the first things that the FIRST congress did. Washington signed the first US Tariff Bill in 1790.
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