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To: JimWayne
“The free-market guy was named Rao. They kicked him out.”

Are you talking about P. V. Narasimha Rao? If so then you should know that we wasn't a “Hindu nationalist”. He was India's Prime Minister and very much part of the Congress Party. And Manmohan Singh was his Finance Minister. So if Rao was a free market guy, Singh was the guy who implemented his policies. They were a team. And what do you mean by “they kicked him out” Who kicked him out? They lost the election in 1991.

“And thanks for admitting that Singh is a socialist.”

That's very kind of you but you don't need to thank me. You see, unlike you I actually know what I am talking about.

“You are wrong about Singh not running up a huge debt. In those countries, the standard of life is so bad that the per capita debt imposes a burden worse than the debt here.”

Wow! First you claim India has a “huge” debt....which is absolute nonsense. After you have been proved wrong, you come up with your own Voodoo economics that standard of living actually alters the math and makes a debt much worse. That's amazing.

Btw look who is lending money to IMF...
http://www.indianexpress.com/news/a-reversal-of-fortune-india-lends-to-imf/630443/

And look who is giving US$2 Billion to bailout Europe.
http://timesofindia.indiatimes.com/india/India-to-give-2bn-to-fund-bailouts-in-Europe/articleshow/9463341.cms

“Singh also created some job creating scheme.”

Singh kept Indian economy booming at 9-7% growth rates since 2004 rivaling China's growth rate, while US and European economies are literally going belly up. Since 1991 when Singh first became Finance Minister India had 20% unemployment, today it is down to single digit. I could care less about some half assed American nutcase media viewing Singh’s job creating schemes as “killing labor market”.

“Why do we have apologists for radical socialists on FR?”

I could ask the same question about plain simple idiots on FR.

16 posted on 01/26/2012 12:41:12 AM PST by ravager
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To: ravager
Obviously you don't understand economics or the debt problem around the world. India has more than $1.1 Trillion in debt. That is huge. And if you look at the ratio of per capita debt to per capita income, it is worse than even Bam's numbers.

Singh definitely is a socialist idiot and I do not see why we should ally with socialists. Singh was not in charge of freeing up India's markets. That was done by several cabinet positions. Singh's sole job was to take orders we gave India for saving them through the IMF and pass them on. He messed up and India was a horrible place in 1996 and even early 1999. By 2001, it boomed.

I recall Singh's Congress Party protesting privatization when I was there during the period it boomed. Wikipedia shows that Singh has also allied with the Communist parties. He is pure evil and anti-American.

18 posted on 01/26/2012 7:22:19 AM PST by JimWayne
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