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Curious that the Chinese have a better grip on how markets work than does President Obama. Not wanting to see a devaluation of the dollar, the Chinese are looking to protect the value of their investments in US debt.

The Chinese may be Communists, but they understand how to buy and sell the labor of it's people. More spending by the US then inhibits its ability to control it's own people through control of it's labor market.

This is too funny, if it wasn’t so serious. Russia sees what Obama is doing. China sees what Obama is doing. Conservatives and the conservative media see what Obama is doing. BUT, the children running things, the Democrats, MSM, and 52-56% of America don’t. That is irony.

http://franklinslocke.blogspot.com/

Don't devalue the dollar through reckless spending.

Too late, Wen.

Wen for President!

The Communists are more capitalistic than the American government.
We are so screwed.

The best thing China could do would be to cut us off. See how much the public wants socialism when every dollar earned above, say, $35K has to be confiscated to pay for it.

the children running things, the Democrats, MSM, and 52-56% of America don’t. That is irony.

Posted by: Franklin's Locke at March 13, 2009 9:28 AM

You want irony? How about a Marxist president of the US using socialism to take down the sole remaining Communist power (as a side effect of taking down our own economy)!

Now that's irony, I don't care who you are!

That is rather telling when two marxist powers tell Obama to slow down on implementing the 'dreams of his fathers'.

Unfortunately we have mortgaged part of our sovereignty to China and I agree with their point of view to sway our behavior. They have trillions riding on it.

I do not agree with those that put us in this position. You may recall the CBO report that said if we did nothing we'd begin recovery before the end of the year. Now we are seeing some uptick in activity before any of this bogus stimulus has even taken effect. Team O faced the demon and blinked now we are in a hell of a mess having borrowed money we shouldn't have on things we don't need.

Jimmy Carter had his Panama Canal ( I seem to recall it is a Chinese company operating it ), Clinton sold them the opportunities to snatch our secrets for campaign cash and now Obama has us literally rented to the China for generations.

1) Sorry people, Obama is just finnishing off what GWB started with his war, which was mostly financed through borrowing from China.I don't think it's fair to blame one or the other, they both screwed up.

2) You completely miss the point, which is not that we are barrowing money but who were barrowing it from. China may have a Semi-capitalist economic system now but there still Communist! If your so worried about what China wants us to do, why dont you try going over there to work for $1.50 a day in a factory, while you live in a work dormatory, and have no say in your Government.

3) The Marxists in our Gov. didn't take down our economy. A few of our social elite on Wall Street did that buy trading packaged morgages as securities at a 30 to 35% leverage. Why were they allowed to do this??? Becouse a Republican Congress, Senate, and Pres. eliminated the law that kept them from doing this very thing.

4) We are not going to a Socialist system. The Gov. is buying out bad debt. In return for this they are requiering oversite of a limited number of companys until they are either broken up and sold off as parts or can come up with the cash to buy themselves back.

4)continued-

There also taking away a few of the tax deductions that a small percentage of the public can get to replace them with tax deductions that the majority of americans can get. That not Socialism, its called majority rule and is part of Democracy, which is our form of government, not capitalism (not a form of gov, only an economic system).

JADE
What about the DONKEYS who blocked the needed finance reform in '06?
Why do you say WE should live in Red China? We KNOW it sucks and we have written here and elsewhere that borrowing from ANYONE was a dumb idea.

Please read more than a couple of articals and you'll catch up.

Ahem....

I know it's bad form to feed the trolls, but Jade2470 here seems like he/she *might* have a modicum of intelligence. Perhaps just misguided as I was when I was younger? Anyway....

1) Sorry people, Obama is just finnishing off what GWB started with his war, which was mostly financed through borrowing from China.I don't think it's fair to blame one or the other, they both screwed up.

The Federal budget is one big pile of cash, and "big" is a gross understatement. I could just as easily say that the war (not 'his' war... check your fly, your BDS is showing) was financed by taxes while all the foodstamps, section 8 housing, welfare payments and medical care given out to deadbeats and illegals is financed by borrowing from China. If you're speaking about fiscal screw-ups, shall I point out that 0blah-blah's first year in office will show a $1,750,000,000,000 deficit? That's equal to GWB's deficit for his entire first term in office, which included the clean-up from 9/11, kicking the shit out of Afghanistan and the first couple of years in Iraq. Even implying that the two are comparable is like holding a handfull of bullshit in your right hand and a 5-gallon bucket of bullshit in your left, and trying to convince yourself that they weigh the same.

And what does Finland have to do with it?

2) You completely miss the point, which is not that we are barrowing money but who were barrowing it from. China may have a Semi-capitalist economic system now but there still Communist! If your so worried about what China wants us to do, why dont you try going over there to work for $1.50 a day in a factory, while you live in a work dormatory, and have no say in your Government.

Yeah, and even the friggin' commies are telling us to cool it with the socialist nonsense now. What does that tell you?

Your second sentence doesn't make a damn bit of sense. I imagine you're trying to make a point about deplorable living conditions in China, or something to that effect. I'll tell you, if I were Chinese, and had a choice between a) working 10 hours a day in a factory for $1.50 and living in a dorm or b) working 14 hours a day for a nickel in a rice paddy and going home to a hovel with no electricity or plumbing... well, guess which one I'd take?

3) The Marxists in our Gov. didn't take down our economy. A few of our social elite on Wall Street did that buy trading packaged morgages as securities at a 30 to 35% leverage. Why were they allowed to do this??? Becouse a Republican Congress, Senate, and Pres. eliminated the law that kept them from doing this very thing.

...but there never would have been those packaged mortgage securities in the first place if Jimmy the Dhimmi hadn't rammed through the CRA and Clinton hadn't forced Fannie and Freddie to relax their lending criteria. Banks were essentially forced to make loans they never would have otherwise made, as a payoff to democrat voting blocs. Don't blame the banks for wanting to unload those steaming piles of loans any way they could. F & F bought 'em up, repackaged them so they'd look pretty, and got people to buy them... while the democrats in Congress ran blocker for any attempt to stop the insanity (GWB asked the House to do something about regulating this stuff eighteen times in 2008 alone). If the GOP is guilty of anything here, it's guilty of not howling loudly enough.

4) We are not going to a Socialist system. The Gov. is buying out bad debt.

...that government meddling in the market for the sake of 'political correctness' created in the first place

In return for this they are requiering oversite of a limited number of companys until they are either broken up and sold off as parts or can come up with the cash to buy themselves back.

This is called 'Nationalization', and it's socalism in a nutshell. Yes, we most definitely ARE moving towards a socialist system.

There also taking away a few of the tax deductions that a small percentage of the public can get to replace them with tax deductions that the majority of americans can get. That not Socialism,

Yes, it is socialism. It's an attempt at a wealth transfer from one group to another. And it will fail, miserably, just as all such attempts have failed throughout history.

...its called majority rule and is part of Democracy, which is our form of government,

Actually, we live in a Republic. That means rule by law, not the majority. If we actually lived in a Democracy with majority rule, all pants would be blue jeans, every meal would be pizza, and on September 12, 2001, somebody would have gotten nuked. Pure democracy scares the shit out of anyone with a brain... it's just a puddle-jump from mob rule, if you think about it. There's nothing fun or noble or 'socially just' about a lynch mob.

not capitalism (not a form of gov, only an economic system).

Wow... I actually agree with you on this point.

China should be worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.

Washington has bailed out the banks, Wall Street & their Washington special interests and much of the cost is added to the national debt to by paid by this and future generations while real estate and investments continue to fall. Find out what a growing repudiate the debt movement could mean for treasury bonds, the dollar, gold and the stock market.

The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts
Thanks,
Ron

Hiram, thanks so much for fisking that nonsense. When I read the post, I sighed because I didn't feel like rebutting it, but it obviously needed rebutting. Scrolling down to your post, I saw you'd taken care of it.

Thanks again.

Yes, thanks Hiram.

I would add, to the refutation, that what Obama-Pelosi-Reid are doing is saying that, "markets don't work, we need the government to run the energy sector, run the banking sector, and run the health care sector of the economy." If that isn't socialism, then the word has no meaning.

I would also like to know what law was "eliminated" that let these elite Wall Street financiers run amok?