sunnsea

And Bernanke Didn't Think Unemployment Would Reach 10%

Yes, Reagan's path to recovery: cut taxes on the wealthiest Americans, borrow the difference from foreigners amd change from being a creditor nation to a debtor nation. Then start allowing the same foreigners to buy up US companies with the remaining US corporations start having their products made in the foregin countries. And of course curse government from the inauguration for the next eight years. Yes, let's keep following that path. It sure has been working....Wrong. I want a government big enough to stand up to the largest global corporations, not kowtow to them. And that "govmunt" that Reagan hated was ultimately you and me.


On Nov 08 09:05 AM long_on_oil wrote:

> My God, we have been through this once before when Reagan got elected.
> For Petes sake politicians, swallow your pride and do what Reagan
> did. His plan set us on a path to recovery and prosperity that lasted
> over 20 years. We all know what he did now all we have to do is replicate
> it.

George Soros: The Guru Outlook

Agree. People who watch Fake News and listen to right-wing talk radio all day generally have a very limited vocabulary. Soros has lived under both fascism and communism. He knows a lot more about either of them then any Fake News pundit or corporate dupe teabagger.


On Oct 29 09:46 AM kmf wrote:

> Because he is so smart!
> You guys should stop yelling "liberal" every time you don't agree
> with a person's view. You gave up communist when the Wall came down.
> How about "not-conservative"

George Soros: The Guru Outlook

Yes, but only if it is MADE here not in a BRIC country.


On Oct 29 09:11 AM kagame wrote:

> US needs startling new technological innovation to recover its economic
> dominance. Just think what we could have accomplished if any substantial
> part of that bailout and TARP stimulus was put into real industries
> that could produce actual products and create industrial jobs and
> supporting service jobs. We need more research and development! Think
> how bad the future will be for the US if we truly lose our innovative
> edge along with everything else.

How to Boost U.S. Exports

It's the US corporations that benefit from the 0% US tariffs and it is the US Chamber of Commerce among other lobbyists that promoted this. They have never been interested in exporting US- made products. Their entire interest has been in finding lowest wage, no tax or subsidized locations anywhere on the planet from which to increase profit and then reducing US tariffs from the same countries to zero under the false rhetoric of a "global economy." It has nothing to do with a "global economy" only in destroying uppity US workers. Of course, this foolish short-term thinking is the basis of our current economic calamity. Your article leaves out the critical percentage of the so-called "China trade" made up of US products made under contract or in a special economic zone in China and shipped bacl to the US. It may be as high as 60% of all "China trade" is simply US products made there.

Nouriel Roubini, One on One: More Doom and Gloom

Since 1968 you have had essentially two political choices: 1) The Government run by the U.S. Chamber of Commerce (popularly known as the Republicans) or 2) Government run by Goldman Sachs (neo-liberal Democrats). What both 1) and 2) have in common is they both stand for low wages for Americans due to cutting all tariffs, especially from low wage countries. The difference between them is their disposition toward the displaced American workers. Number 1) does nothing and while 2) gives "tax credits" to people who have lowered income and indirect "stimulus" packages. Neither one of these poor alternatives should be allowed to continue. To put it another way, Number 1) is for low wages and low welfare and 2) is for low wages and high welfare. I am for a complete New Deal revivial as currently embodied in Germany and Japan (ironically), that is high wages and low welfare. Revival of manufacturing through employee-owned high-tech factories exporting high quality products world-wide and high tariffs on products from countries that exploit workers. It's about raising the global standards on everything from wages to environment and not lowering them to satisfy the egos of the American predator class or "shareholder value."


On Oct 24 10:15 AM TeresaE wrote:

> The lost wages are directly attributed to cheap foreign labor, both
> imported and outsourced.
>
> Want better pay? Quit buying your stuff at the WalMart and start
> buying AMERICAN.
>
> Anything else will just price MORE jobs out of the country.
>
> It really is that simple. Too simple for this entertainment based
> generation to understand.
>
> The days of family-supporting wages are over. Soon black market jobs
> and government dole will be the only way the average American can
> afford to buy their Chinese-made Sam's Choice foodstuffs & socks.
>

Nouriel Roubini, One on One: More Doom and Gloom

Yes. And the American form of toxic, predatory capitalism is dead. That is our great hope. The next step in the process is accelerated movement toward democracy in the workplace via employee owned firms so American workers can begin to recoup the losses they have suffered in lowered wages over the past 35 to 40 years.


On Oct 23 10:37 AM rcstocks wrote:

> "There is a global recovery." No there isn't. There is global coordinated
> government spending, e.g., cash for clunkers. We truly are all socialists
> now that economic commentators accept this as a recovery. Marx has
> won.

What Goldman Learned from a Trip to China

And surely this will result in a continued explosive situation in Pakistan/Afghanistan spilling over into India and Southwest China. China is also making solar panels and other green technologies. What about that?

Three Asset Classes that Can Actually Outpace Coming Inflationary Price Increases

You should also mention that the 11% cut in the 1995 Canadian budget also led to the rationing of health services that you on the right like to use as criticism of a "public option." As far as Ontario is concerned, the job losses are part of the overall extreme downturn in the global demand, i.e., U.S. demand for cars and trucks. Prior to in 2006 that GM for example moved engine production from Detroit across the river to Ontario mainly because they have a single-payer health insurance system at lower cost to GM.


On Oct 19 09:34 PM derryl wrote:

> E Nuff Said:
> Good point about turning around a "hopeless" fiscal situation. <br/>
>
> In 1995 Finance Minister Paul Martin balanced Canada's federal budget
> by cutting the federal health and social transfer to the Provinces
> by $11B. Scaled up 10X to the US economy that would equal a $110B
> reduction in annual transfers from Washington to the states. Canada's
> provinces use the health and social transfer mainly to fund health
> care and education, which are provincial responsibilities under Canada's
> constitution. The provinces all squealed but responded by rebalancing
> their own budgets and cutting whatever they could from the 2 big
> ticket provincial budget items, health and education. So if there
> was 'pain' it was dispersed as widely as possible by Martin's budget
> balancing move. And now Canada leads the OECD in fiscal (and banking)
> health.
>
> In 1993 Alberta Premier Ralph Klein and Treasurer Jim Dinning attacked
> Alberta's deficit spending, that began with the oil collapse and
> depression (in Alberta) of 1982. They required ALL gov't departments
> to find 5% cuts, which actually happened. Alberta had a 25 year plan
> to pay off its net debt, but after oil began rising in 1998 and natural
> gas took off the debt was paid out in full 10 years early. Alberta
> now has no net debt (some debts are longer term and can't actually
> be paid out until they come due, but Alberta has set money aside
> to pay these). This year due to the collapse in natural gas, Alberta's
> major royalty cash cow, Alberta is running an $8B deficit. But over
> the past few fat years the province has saved $17B in a sustainability
> fund, so no new borrowing will be required to fund the deficit. Gas
> royalties are still low but tarsands construction is starting up
> again so Alberta should endure the present recession quite well.
>
>
> Most other Cdn provinces have been behaving as fiscally responsibly
> as Alberta (and some are doing even better which is why political
> change is in the Alberta air), with the exception of Canada's biggest
> province--Ontario. Ontario's socialist premier is determined to 'go
> green'. Admittedly, Ontario has suffered fully 1/2 of all Cdn manufacturing
> job losses as steel and autos are way down, but if you want to see
> what Obama's greenonomics might do to America just have a look at
> Ontario.

Who Is Carlos Slim in Today's Market?

This is getting to smell more and more like the Weimar Republic, not the United States of America. And the populism could take a very nasty turn. But then again we never had our right-wing tendencies bombed out of us like Germany, Italy and Japan. Since we have not had such a regime, I suppose it follows naturally than one must go right first, have a national conflagration, have a benefactor nation come in help rebuild truly democratic institutions and develop the New Deal that was meant to be before being short-circuited by the 1946 Republicans with the passage of Taft Hartley and it has really been downhill for labor since and since 1970 for the American Middle Class as a whole. But when in power the Democrats, instead of standing up for working and middle Americans, have proven themselves nearly as corruptible as their Republican partners. So the whole of cards will start collapsing. Unfortunately, Obama, as with Clinton before him, appears more like the tottering 84-year von Hindenberg not a strong "I welcome their hate" FDR. So we have a continuation of the Carter-Clinton neo-liberalism: that post-Nixon toxic combination that is fully at home with false "globalism, aiding and abetting with their Republican pals in creating a low-wage, high-welfare state based on cheap imported products, and high interest credit, instead of adjusting New Deal principles and strategies and maintaining the high-wage, low welfare policies that the New Deal promoted. Will Europe and Japan need to come in and help us rebuild our nation to that high wage, low welfare state, eliminating the dominance of Goldman and JP Morgan? Afterall, those Mercedes and BMWs that many posters love to drive did not come out of nowhere.

Will Windows 7 Resurrect IT Spending?

Your article sounds like a plant by Microsoft. If 7 can't emulate the er or recognize XP, Vista, etc., forget it.

Beware the Current Bull Market in Derivatives

Here we go again. Sorry for all who thought it was safe to go back in the water.

Capacity's Comeback Strongly Indicates Recession's End

They must pay for their employees health care unlike competitors with national health single-payer systems.

Also, how much of the CU figures include US plants in Mexico and China? Do we really know for sure?


On Sep 16 02:33 PM Dirk McCoy wrote:

> The trend in downward capacity utilization will continue as long
> as labor price controls dampen utilization. Further weakening of
> the dollar may mitigate this some, but having filled out these reports
> in the past I know that what is currently called "capacity" is understated
> in terms of potential capacity, and overstated in terms of short
> term capacity. The difference lies in capital investment, and companies
> will be hesitant to do that if they don't sense they can be competitive
> over the longer term such that they can achieve payback on their
> investment.

Will Chimerica's Demise Take Down Global Economy?

If what you are saying is true, this key part of the story has been curiously omitted in the MSM reporting. This type of deal is typical if the "investments" made by US companies. All the production is sent back here, not for China consumption, that has always been the rule there. Poor reporting and non-reporting of these arrangements for the past 25 years would only lead to more outrage if they were widely known. People think these are Chinese companies, but they are American companies that are doing the dumping.


On Sep 15 09:27 AM axelrod608 wrote:

> >> "But when Barack Obama chose to slap 35% tariffs on Chinese tire
> imports, this was an unmistakable act of active protectionism" >>
>
>
> Oh, please, cut the hyperbole. The tariff was imposed on ONE company's
> tires - Cooper Tire - which made a deal with China to build a factory
> there and to export 100% of its production to protect China's domestic
> tire industry. China would NEVER permit a Chinese company to do any
> such thing, but the US - with close to zero control over its companies
> - did nothing to stop the unfair deal.
>
> Our government cannot control companies that enter into these totally
> one-sided agreements, so it is using the only tool it has left -
> levy tariffs.
>
> Let's get a little objectivity in the reporting of these issues.

Will Chimerica's Demise Take Down Global Economy?

If you want to join two economies it should be Euroamerica. We should join the EU. They are open to US products if they are of excellent quality and we don't dump on them. They would help us rebuild our manufacturing base with infrastructure grants. OF course we would have to raise our standards on a lot of items including meeting ISO9000 on all goods produced. But to join up we would need to: abolish the death penalty, guarantee worker rights to organize in all parts of the US (abolish Taft-Hartley), have national uniform policies on vacation time, health care system that covers everyone, need to institute a VAT and have 20% VAT on all products made outside of Euroamerica. Sure Japan can join up to if it wants (must abolish the death penalty). Then we have a union of all high-wage, low welfare states, a true embodiment of the New Deal. As far as China, when it establishes higher wages, stimulate domestic spending, abolishes the death penalty and has democratic elections, it can join too.

How Low Can the Dollar Go?

you forgot Blackberries, small jet liners, Bombardier transit cars....and now the relocation of a Toyota plant from California to BC. See what a single payer national health insurance system will get you? Instead of paying extortion money to private health insurance you can take the savings and put it to useful manufacturing.

On Sep 12 04:43 PM Mad Hedge Fund Trader wrote:

> iivn Hedge fund longs have been bunching up in the Canadian dollar
> for the past two months. Canada makes what everyone wants and doesn’t
> have enough people to consume it, making them a major exporter of
> everything hot. I bet you didn’t know that the frozen wasteland to
> the North is our largest foreign oil supplier. Most people guess
> Saudi Arabia. The Canadian supply is slated to double over the next
> 20 years, thanks to the environmental atrocity of oil sands. The
> land of Mike Myers, Jim Carey, and Pamela Anderson (note gratuitous
> photo below) is also a big supplier of gold, silver, lead, grain,
> uranium, wood, and other hard things. As for mosquitoes, they’ve
> got a lock on the market. Use dip to accumulate the loony. If you
> catch me singing “O Canada” in the shower, you’ll understand why.