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Chinese agency downgrades US credit rating
France24 ^ | Oct 17, 2013

Posted on 10/17/2013 6:38:41 AM PDT by upchuck

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To: TheBattman

Well here’s an idea:

Stop sending American jobs to China.

Have you shopped in an “American” shopping establishment recently.

It is ALL “Made in China”. Which means no American taxes have been paid, which means no money was provided for our military incidentally.

Further the people who (used) to work at the American company which was sold to China, are on welfare costing America more.

Bring back American jobs, now.


21 posted on 10/17/2013 7:38:27 AM PDT by Cringing Negativism Network
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To: St_Thomas_Aquinas
I have several Russian acquaintances, and they all know what Obama is.

Same here. I also have a good friend from Venezuela. Back in 2008, she was horrified watching the rhetoric that was coming out of the Obama campaign. She said, "I've seen this before. I am watching Chavez again."

My response to American socialists is this: If socialism is so great, then why don't you move to Cuba or Venezuela. They never give me an answer, but I know that in their hearts their answer is that today's America offers more to loot than does Cuba.

22 posted on 10/17/2013 7:43:38 AM PDT by Hoodat (BENGHAZI - 4 KILLED, 2 MIA)
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To: Hoodat
This is an agreement to (legally) pile on an additional $750 billion in debt over the next four months.

But I thought that lifting the debt ceiling wouldn't mean an increase in debt. I'm beginning to question the president's integrity.

23 posted on 10/17/2013 7:43:39 AM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: Cringing Negativism Network

Let me ratchet up your post another notch or two! (And for the record, I agree - I HATE shopping at Walmart because of the overflow of China-made crap... ).

But lets look even deeper at the problem - there was a time when products were made in China because the manufacturing costs (labor, materials, etc.) were far cheaper.

And while China is still no utopia of high wages, benefits, and environmental laws... it has improved (on the $US being pumped there by the container ship load). The actual manufacturing costs for many of the common “China made” items at Walmart or your local hardware store or toy store, are not so glaringly different. Further - when you account for the transportation, storage, and relatively high defect rate - there is hardly a reason to manufacture lower-costs goods in China any more... so why do we still see so much of that stuff imported?

Regulation, hyper-opressive hand of government, TAXES, and now - Obamacare and its mandates (that require even employer-provided health plans to be “compliant”... rapidly raising costs for companies).

Throw in environmental stupidity, permitting stupidity, and so many more factors - we dis-insentivize the manufacture of ANYTHING domestically.

Add to it the “entitlement programs” (which for many are totally NOT entitled to) also dis-insentivizes work and work ethic. We have further expanded the definition of “disabled” to cover pretty much anyone or anything that you can think of - stuff that people just worked through even 10 years ago - and much more before the creation of this generally fraudulent program.

Why give up $2000-4000 per month in government programs ($24k-48K income per year, tax free) to go make $10-12 per hour doing “work”, and have to pay Social Security and FICA taxes - State Taxes, etc... and receiving little “Help” from the government?

A member of the church I pastor owns a tire and offroad accessory store - he cannot keep good, reliable employees - and it isn’t because he is a mean or unjust employer - he is generous, he provides benefits (even though he doesn’t have to). He simply expects and honest day’s work for an honest day’s pay. He has been trying to hire someone to fill an empty position for months now - and now has a second job opening (had to fire someone who just wouldn’t show up to work last week). Advertising, puts it on his sign out front - and no applicants... all while unemployment is still relatively high.

What in the world is going on? We have paid people so long to NOT work - they don’t want to work. How can an American manufacturer put in a factory, equip it, and then hire people they expect to do an honest day’s work? It’s far easier to ship the specs and designs off to a plant in China that will get it done.

And I think we can agree - this has all been a massive conspiracy in the works for a long time (going back to when Senator Joseph McCarthy tried to warn this nation of the Communists among us). They couldn’t take over directly... so they bought this nation with handouts and programs - thus buying votes and enslaving a nation.


24 posted on 10/17/2013 7:59:55 AM PDT by TheBattman (Isn't the lesser evil... still evil?)
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To: upchuck

The Chinese aren’t stupid.


25 posted on 10/17/2013 8:00:54 AM PDT by dfwgator
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To: St_Thomas_Aquinas
My dad escaped from Poland, and made sure I understood it.

I've been thinking of moving there.

26 posted on 10/17/2013 8:01:51 AM PDT by dfwgator
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To: TheBattman

I think America is stuck at the moment.

We’re not yet dead-beat broke, but we’re well on our way.

Americans still have some jobs. But the momentum is CLEARLY against American now.

The US corporate giants care diddly-squat about America strength.

Keep speaking up.

This is important.


27 posted on 10/17/2013 8:05:40 AM PDT by Cringing Negativism Network
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To: Hoodat

We also are friends with a family from Venezuela.
Mom and kids came here 10 years ago while Dad tries to run a business back home.

She is considering getting her kids out of here now. She is very tight lipped about where or when. She believes that Obama has people listening for such talk.


28 posted on 10/17/2013 8:05:45 AM PDT by Texas resident (The GOP sold us all out.)
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To: upchuck

Honestly, if the .gov’s weren’t mucking with the numbers, the US Credit rating should seriously be BBB/Baa2-ish.


29 posted on 10/17/2013 8:19:47 AM PDT by DCBryan1 (No realli, moose bytes can be quite nasti!!)
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To: upchuck

The Chinese are smarter than our congress.


30 posted on 10/17/2013 8:39:12 AM PDT by bgill (This reply was mined before it was posted.)
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To: dfwgator
I've been thinking of moving there.

Ironic, huh?

Thirty years ago, who would have imagined the role reversal?

31 posted on 10/17/2013 9:09:47 AM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: Cringing Negativism Network

Sure, will you pay $3,000.00 for an iPhone?


32 posted on 10/17/2013 10:06:13 AM PDT by Para-Ord.45 ( Americans, happy in tutelage by the reflection that they have chosen their own dictators.)
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To: JRandomFreeper
"The upside of downgraded credit is that fewer will be willing to buy our debt. What happens if the treasury holds a sale and no-one shows up?"

Strangely enough, the last time the U.S. was downgraded (after the 2011 debt ceiling mess), Treasury yields dropped. The downgrade led to increased volatility in the markets, which caused investors to seek "safe" investments: U.S. Treasury bonds (even though the volatility was caused by a U.S. downgrade)...

33 posted on 10/17/2013 11:20:06 AM PDT by Conscience of a Conservative
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To: JRandomFreeper
What happens if the treasury holds a sale and no-one shows up?

Primary Dealers always show up; they're required to by law as a condition of being a Primary Dealer.

34 posted on 10/17/2013 6:40:02 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Para-Ord.45

No. I actually haven’t got an iPhone.

Got a cell just in case, a PC and cable tv. Old fashioned I guess.

:)


35 posted on 10/17/2013 7:42:02 PM PDT by Cringing Negativism Network
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To: Cringing Negativism Network

Read it in Forbes or maybe heard Peter Schiff say it. If Apple was made in USA you`d pay about 3 Gs for their cell phone.


36 posted on 10/18/2013 10:01:52 AM PDT by Para-Ord.45 ( Americans, happy in tutelage by the reflection that they have chosen their own dictators.)
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