coastalpirate

Today's Closing Update: Friday June 19

The beer comments are more relevant than Zero0's protectionism rant! Maybe you cut and pasted your post on the wrong article. One good rant deserves another !!!

Actutally the people who win are the ones that get education, work skills, and employment with the multi-nationals, or the ones who invest their savings properly in their stocks where they can share in the profits. Protectionism tends to balance out as countries raise tarriffs at each other creating inflation. The Chinese may have gained in one sense of Bill Clinton giving them most favorite trading nation status, but they are losing a boat load in our treasury bonds!!
As far as the government protecting their people, the people have to protect themselves. All parties, overpaid unionized workers, bad union leadership, bad corporate management, bad dealers not relaying customer needs back to the mothership all watched and did nothing as the wheels fell off the bus over the last ten years. Yet they get a huge bailout. Say the same thing about the Wall Street Banks. But our citizens of America, so concerned about free speech and their "rights" have morally degraded to the point where 70% of mortgages at one large failed bank were found to have the applicants (that is US America) lie about their income on their mortgage appication ( a legal document where you should know lying is a no no). Of course fat, drunk and stupid, the real estate agents, lawyers who wrote the contracts, bank compliance/loan officers, federal regulators (ha!!) all either had no clue or just closed their eyes while business was good. Not my problem, I'm not paid to speak up.

Or maybe we are being too hard on the corporations and banks? If 10% of people lie on their mortage applications, are there enough competent regulators/loan officers to go through hundreds of thousands of applications and verify? Don't say they have computers to do that, they just take the numbers off the aplication where you "rounded" your income up 100,000$. But what happens at 20 or 30% of a public with no regards for right and wrong? Do we have to hire all of Canada to go through all of our businesses because so many US citizens are corrupt or foolish? If we all milk the system that is all that is left for you to live on, spoiled milk. We have to get right, stop paying top dollar to see athletes who use drugs to cheat. Stop buying records and paying $200 to go see a crack ho who can barely hang onto her clothes or take care of her children (Tell Disney to stop promoting that crap to underage girls!!). While we are in fraternity or bar getting drunk, the Chinese Students are in the lab and libraries working to better themselves. Of course they do, they didn't inherit a great country and not know how to keep/maintain it. They have to build one, and work hard for the basics in life. They don't have time for the stupidity that is American (can't say the word "culture" cause we have none Thank You.) society. If immorality is the popular culture here, what do you expect our institutions to reflect? Aliens from outer space? Yeah we're cool, yeah we are wealthier than almost any country out there, but we are going down the sewer, and I hate to sound like a prude, but it seems morality is the base of all that has gone wrong here.