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Originally posted by reasonable
Originally posted by Raud
Okay...and on the news this morning, financial experts said the recession is turning now and that the Amercian economy will rise over the next three years.
I am very sorry, but I just can't see that happening.
Oh, it's happening. USA is too big to fail, so China will see to it we get back on track. So it's going to be tough times ahead for the GOP, economy on the upswing.. universal health care a success. All their hopes that America crashes have been dashed and they will be further marginalized.
Originally posted by redmage
reply to post by jimmyjohen
Is it helping? In a a sense, yes; however, the question boils down to magnitude.
Would the band, who continued to play as the Titanic sank, have been helping if they would have put down their instruments, grabbed coffee cups, and started bailing water? Sure, but in the overall scheme of things that "help" wouldn't have been enough to make a significant difference to their circumstance.
Likewise, Coca Cola (or any other "U.S. company") creating more jobs in China isn't helping the U.S. economy in any significant manner. All it equates to is Muhtar Kent, and a select few executives, possibly getting a nice bonus for keeping the stock prices afloat; so he/they can get a new German automobile ('love those Bavarians, so meticulous. ), or similar exotic purchase.
To help the U.S. economy in a meaningful manner, we need these multinationals to invest in America, not China.
[edit on 11/25/09 by redmage]
Originally posted by jimmyjohen
reply to post by conspiracyrus
Please attend your local community college for Economic 101.
Profits = taxation = governments get more money.
Profits = spending = simulate economy.
There is no more things I can explain to you if you don't know the fundamentals.
And do you know China is run by CCP a.k.a. communists.
[edit on 25-11-2009 by jimmyjohen]
Originally posted by ziggy1706
Has the FDIC ever gone bankrupt before? Or is this the first time? Was it Gerald Celente or webot, made a rpediciton for 3rd week in november, its gunna be real bad economically? someone was right about the 3rd week! but about an economic collpase so far i dont know...