China stimulus hurts U.S. credit markets

Chinese Stimulus Spree Costs U.S. Capital 11/13/08 If this report is true, that means the U.S. can no longer keep running on borrowed money. The only alternative to disaster would be to bring our manufacturing base home again. But the supercapitalists who own and operate our federal government would never permit that. What to do, what to do?

Countries like China that do not particularly like the United States eventually will grow to like the United States as the United States falls backward mired in debt. China, Russia will take maximum advantage of a slowing down and lowering of United States stature and influence throughout the world. Other countries will accellerate their production and development. They have operated in a catch-up mode, like a race. Now that conditions are viewed to be disfavorable for the United States, they're going to try harder. During the catch up and fall back of the United States, we Americans will be happier simply because other nations are liking us more and more every day. We elected Obama to bring these results and I'm sure he will.

Mr Medvedev of Russia is very eager to meet w/Mr Obama. I wonder why? I think the Russians think Obama is a putz. When they meet, I see a game of blackmail taking place: get rid of the defensive missiles in Poland or else my friend, China, & I (they have been on friendly terms lately) will make your American economy a living hell. Now the next question is: does Obama know how to play Chess, a thinking man's game, as the Russians obviously know how to do? Or is his game just limited to basketball?

Rev. Wright was right that "America's chickens are coming home to roost" only not in the way that he may have meant. We had the "Greatest Generation"; we now have the "Moocher Generation" unable to look beyond for the next generation, narcissistically focused only on electing whatever politicians are willing to bankrupt the nation in order to keep stupid promises of more goodies for the electorate. We've been getting by too long as a nation with our government living far beyond its means. Had we not been doing so for so many decades, the investment decisions by China would not effect us. But our folly as a nation places us vulnerable to every change in the economic wind. We've overextended ourselves with excessive international commitments --- George Washington warned the American people to avoid foreign entanglements. We have not done so. Instead, we butt into every other nation's business, and there are huge costs associated with that. In addition, with the so-called Great Society, as a nation, we committed our government to a system of exploding entitlement spending (Medicare/Medicare/Social Security). It is clear that our leaders intend to do nothing about this. Instead, they've foolishly and myopically put this problem off for another day by borrowing and borrowing, never asking the question: "What happens when other nations no longer want to loan to us because our fiscal credibility is shot?" As a result, a day of reckoning is coming soon. Our political leaders are incapable, incompetent, and unwilling to take the hard measures that must be taken now to balance the budget. Therefore, a body independent of Congress, a fiscal version of BRAC, needs to be empowered to enact measures to bring the entitlement spending under control. Take this article about China's investment decisions impacting us as the canary in the coal mine, a harbinger of greater adversities to come if we don't get our federal government's fiscal house in order.

America you let your true selves be seen by the world and now you are finding out just how much your new friends like you. They see you as the greedy and selfish pigs that you are. So filled with fear and hatred that you went on a buying spree of guns and ammo just because Obama was elected. Its no wonder that that others in the world no longer want to play with you. You don't play nice and you cheat.