Trade deficit, Greece, jobs bill, Fed
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@svengally1 I use to believe Obama is a great president for the US. I liked some of his promised changes after Bush. Since I learned about this channel I now know that Obama is just as bad as Bush or even worse. Democrats aren't better than republicans, and people need to realize this. We need real change.
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@sidecar771 Hi. About Moral Hazard, I don't know how that is connected to the Austerity measures. The people suffer because of them not the politicians that took the decision. And the politicians that created the problem are long gone and don't feel the effects. About calamity. It would be a wake up call for the people that voted a government in on the promise of big pensions and guaranteed government employment. But of course there is a bigger issue which allowed the whole mess to develop
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@TruthAxe But Americans take the cake!
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@independence4wales Who else? His "moral hazard" neglects to account for the austerity measures Greece is required to implement to receive financial relief. Allowing an economic calamity to unfold in order to remain true to some misguided, simplistic ideology is madness. Bush's massive tax cuts failed to create jobs ( the worst record of any administation) even when the economic meltdown's job losses are excluded from the calculation.
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@sidecar771 Are you talking about Schiff?????
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The trade deficit is the result of the offshoring of production and reimportation goods by American corporations. The Greek bailout is predicated on draconian austerity measures. You would never know this by listening to this idiot.
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Fight the power
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It’s the Over-valued U.S. Dollar, Stupid!!!
Small businesses don’t benefit from overvalued to the degree of the Wal-Marts of the world, but the loss of U.S. Jobs and resulting shrinking markets hurt small businesses more. An Inflation-Neutral Balanced Trade System (BTS), inspired by Warren Buffett’s 2003 Import Certificate Plan is introduced at the top of page 4 of the Pdf, which is available at:
democrats.waysandmeans.house.g
ov/media/pdf/111/2010Sept15_Ca mpbell_Submission.pdf
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He absolutely is. As an economist myself, I respect Schiff tremendously for predicting the US tech bubble of the 90's AND the global real estate bubble of the late 2000's very FEW economists can claim his proven record. He has been successful not because he is manipulative, but because he was right. He is one of the few people in the world that can speak authoritatively about the global financial crisis. France, and every other nation would do well to heed his warnings.
bobjman 1 year ago 6
I mean can you believe this Obama guy.
He's a arrogant litle twit that thinks he know whats best for you and I. Get ready to vote all of the democrats out in 2010. We need to rein in this little twit and fire Bernanke.
svengally1 1 year ago 6