posted
Last July Paulson (Sec Trea$ury) went to China and begged them to buy more mortgages in the US, they refused..
suddenly? we started hearing about all kinds of "tainted" Chinese products.. products that have been on our shelves for years...
US Dollar Vulnerable to Interest Rate Cut, China Dumping US Bonds Posted by Bill Bonner on Sep 12th, 2007
“Two top advisers to the Chinese government gave strong hints in August that Beijing should use its estimated $900bn holdings of US Treasuries and agency bonds as a ‘bargaining chip’, words taken as an implicit threat to trigger as US bond crash if provoked.”
The Chinese have denied it, of course. But betting against the U.S. dollar has been one of the surest gambles you could make over the last 35 years. Now, it is probably still a good bet.
posted
No, not China. The Republican Party under the illusion that George W. Bush is intelligent and honest (both are false, of course), created this mess for the whole World in order to create a one Party Republican state.
Don't blame China. They suckered into the farce further than any other nation, other than the U.S. itself.
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posted
i don't think you are giving the Chinese credit.
too many people have been saying they are unsophisticated investors.
they are getting close to being in a position to buy into our economy in a very big way.
the Bush's and the Clintons did sell us down the river tho.
yes, the Clintons are "in on it" too...
Published on Sunday, March 12, 2006 by the Associated Press Hillary Clinton Feels Heat Over Wal-Mart Ties by Beth Fouhy
NEW YORK -- With retailer Wal-Martunder fire for its labor and healthcare policies, one Democrat with ties to the company, Senator Hillary Rodham Clinton, has started feeling her share of the political heat.
Clinton served on Wal-Mart's board of directors for six years when her husband was governor of Arkansas. And the Rose Law Firm, where she was a partner, handled many of the Arkansas-based company's legal affairs.
Hillary Clinton had kind words for Wal-Mart as recently as 2004, when she told an audience at the convention of the National Retail Federation that her time on the board ''was a great experience in every respect."
But in recent months, as the company has become a target for Democratic activists, she has largely steered clear of any mention of Wal-Mart. And late last year, Clinton's reelection campaign returned a $5,000 contribution from Wal-Mart, citing ''serious differences with current company practices."
As Clinton sheds her Arkansas past and looks ahead to a possible 2008 presidential run, the Wal-Mart issue presents an exquisite dilemma: how to reconcile the political demands she faces today with her history at a company many consumers depend upon but many Democratic activists revile.
''The interesting question is not just Hillary Clinton's history at Wal-Mart, but why it's delicate for her to talk about Wal-Mart," said Charles Fishman, author of ''The Wal-Mart Effect," a book on the company's impact on the national economy. ''Plenty of Democrats denounce Wal-Mart, but there are also plenty of people who need it, love it and rely on it."
In 1986, when Wal-Mart's founder, Sam Walton, tapped Clinton to be the company's first female board member, Wal-Mart was a fraction of its current size, with $11.9 billion in net sales.
Today, Wal-Mart is the world's largest retailer and largest private employer, with over $312 billion in sales last year and 1.3 million employees in the US alone. But recently, the company has drawn intense scrutiny for its labor practices -- from its wages to the lack of affordable health coverage for employees, to its stiff resistance to unionization.
Throughout the 1980s, both Bill and Hillary Clinton nurtured relationships with Walton, a conservative Republican and by far Arkansas' most influential businessman.
The Clintons also benefited financially from Wal-Mart. Hillary Clinton was paid $18,000 each year she served on the board, plus $1,500 for each meeting she attended. By 1993 she had accumulated at least $100,000 in Wal-Mart stock, according to Bill Clinton's federal financial disclosure forms that year.
posted
Oh, I give the Chinese lots of credit. They knew exactly what they were doing when they gave dubya credit and exactly what they were doing when they stopped it.
They understood that financial support of King George would allow him to so undermine our economy so that they could gain tremendous political advantage and they understood they had succeeded in that effort and stopped investing in out downfall.
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posted
the Clintons were a significant part of building this:
December 2003
The Wal-Mart You Don't Know
The giant retailer's low prices often come with a high cost. Wal-Mart's relentless pressure can crush the companies it does business with and force them to send jobs overseas. Are we shopping our way straight to the unemployment line?
A gallon-sized jar of whole pickles is something to behold. The jar is the size of a small aquarium. The fat green pickles, floating in swampy juice, look reptilian, their shapes exaggerated by the glass. It weighs 12 pounds, too big to carry with one hand. The gallon jar of pickles is a display of abundance and excess; it is entrancing, and also vaguely unsettling. This is the product that Wal-Mart fell in love with: Vlasic's gallon jar of pickles.
Indeed, as Vlasic discovered, the real story of Wal-Mart, the story that never gets told, is the story of the pressure the biggest retailer relentlessly applies to its suppliers in the name of bringing us "every day low prices." It's the story of what that pressure does to the companies Wal-Mart does business with, to U.S. manufacturing, and to the economy as a whole. That story can be found floating in a gallon jar of pickles at Wal-Mart.
Wal-Mart is not just the world's largest retailer. It's the world's largest company--bigger than ExxonMobil, General Motors, and General Electric. The scale can be hard to absorb. Wal-Mart sold $244.5 billion worth of goods last year. It sells in three months what
number-two retailer Home Depot sells in a year. And in its own category of general merchandise and groceries, Wal-Mart no longer has any real rivals. It does more business than Target, Sears, Kmart, J.C. Penney, Safeway, and Kroger combined. "Clearly," says Edward Fox, head of Southern Methodist University's J.C. Penney Center for Retailing Excellence, "Wal-Mart is more powerful than any retailer has ever been." It is, in fact, so big and so furtively powerful as to have become an entirely different order of corporate being.
But what almost no one outside the world of Wal-Mart and its 21,000 suppliers knows is the high cost of those low prices. Wal-Mart has the power to squeeze profit-killing concessions from vendors. To survive in the face of its pricing demands, makers of everything from bras to bicycles to blue jeans have had to lay off employees and close U.S. plants in favor of outsourcing products from overseas.
Of course, U.S. companies have been moving jobs offshore for decades, long before Wal-Mart was a retailing power. But there is no question that the chain is helping accelerate the loss of American jobs to low-wage countries such as China. Wal-Mart, which in the late 1980s and early 1990s trumpeted its claim to "Buy American," has doubled its imports from China in the past five years alone, buying some $12 billion in merchandise in 2002. That's nearly 10% of all Chinese exports to the United States.
doubled its imports from China in the past five years alone
that started under Bill Clinton
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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Posted 6/28/2005 12:13 PM Today's Top News Stories
Ex-presidents Bush, Clinton play golf in Maine KENNEBUNKPORT, Maine (AP) — Former Presidents Bush and Clinton teed off Tuesday for a round of golf on the second day of a get-together by the former political foes at Bush's summer home along the Maine coast. http://www.usatoday.com/news/nation/2005-06-28-golf_x.htm?csp=34
wake up dems. you are about to screw up really REALLY REALLY BAD
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
wake up dems. you are about to screw up really REALLY REALLY BAD
Most democrats are too blinded by their hate for Bush that they cannot or will not see the truth about the Clintons Glass...If she gets the nod it WILL be business as usual and It will be interesting to see if they despise her as much as Bush...admitting they were wrong is not something dems are proficient at.
posted
Democrats don't hate Bush. They hate what he stands for, because it is un-American and 18th century dogma of royalty.
Republicans are so wrapped up (and warped) in hatred of the Clintons that they cannot handle any thought of anything but hatred when political differences are in question. It is their only tactic and they believe hatred is the root of all politics. Thua, they describe fundamental observations of the childishness and evil of dubya's rule as hate.
Understanding what is and isn't wrong is something outside the to limits of comprehension of republicans.
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quote:Originally posted by retiredat49: admitting they were wrong is not something dems are proficient at.
Funny, I was just about to say that about Reps... can't ever admit they are wrong or they backed the wrong guy to lead us these last 8 years... kind of ironic when you say those words about Dems.. almost anything you say about Dems can be said about Reps as well.. btw about Walmart... if I'm correct when I read Sam Walton's biography before he died... he was a Republican who backed Bush Sr. etc...
-------------------- Let the world change you... And you can change the world.
as for Sam Walton being a republican or a democrat i don't give two chits.
Hillary and Bill were on his payroll too. and they were on it while the jobs were being sucked out of our nation.
this is not speckelation or wild-azz GOP conspiracy rumor, i proof provided already. it's not even a worth discussing who's worse, it's about who's NEXT and the Clintons should not be next.
some people said Bush was not responsible for 9-1l cuz he had only been in office a few months.
i disagree totally: i blame it on BOTH Bush and Clinton.
people who are willing choose the lesser of two evils when they DONT have to are fools.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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as for Sam Walton being a republican or a democrat i don't give two chits.
Hillary and Bill were on his payroll too. and they were on it while the jobs were being sucked out of our nation.
this is not speckelation or wild-azz GOP conspiracy rumor, i proof provided already. it's not even a worth discussing who's worse, it's about who's NEXT and the Clintons should not be next.
some people said Bush was not responsible for 9-1l cuz he had only been in office a few months.
i disagree totally: i blame it on BOTH of them.
people who are willing choose the lesser of two evils when they DONT have to are fools.
You should care if Sam was Rep or not... since you brought up the Wal-Mart connection... as for the Clintons and Wal-Mart... well since I believe Wal-Mart is headqueartered in Arkansas.. your allegations are no surprise... I am sure Wal-Mart made contributions to Huckabee as well a REPUBLICAN... as for Jobs being sucked out... how about putting the blame on both sides like you do with 9/11... besides working in a Wal-Mart for minimum wage with no union to protect your interests is hardly called a "job" imo...
-------------------- Let the world change you... And you can change the world.
Published on Sunday, March 12, 2006 by the Associated Press Hillary Clinton Feels Heat Over Wal-Mart Ties by Beth Fouhy
NEW YORK -- With retailer Wal-Martunder fire for its labor and healthcare policies, one Democrat with ties to the company, Senator Hillary Rodham Clinton, has started feeling her share of the political heat.
Hillary Clinton was paid $18,000 each year she served on the board, plus $1,500 for each meeting she attended. By 1993 she had accumulated at least $100,000 in Wal-Mart stock.
Clinton served on Wal-Mart's board of directors for six years when her husband was governor of Arkansas. And the Rose Law Firm, where she was a partner, handled many of the Arkansas-based company's legal affairs.
Hillary Clinton had kind words for Wal-Mart as recently as 2004, when she told an audience at the convention of the National Retail Federation that her time on the board ''was a great experience in every respect."
But in recent months, as the company has become a target for Democratic activists, she has largely steered clear of any mention of Wal-Mart. And late last year, Clinton's reelection campaign returned a $5,000 contribution from Wal-Mart, citing ''serious differences with current company practices."
As Clinton sheds her Arkansas past and looks ahead to a possible 2008 presidential run, the Wal-Mart issue presents an exquisite dilemma: how to reconcile the political demands she faces today with her history at a company many consumers depend upon but many Democratic activists revile.
''The interesting question is not just Hillary Clinton's history at Wal-Mart, but why it's delicate for her to talk about Wal-Mart," said Charles Fishman, author of ''The Wal-Mart Effect," a book on the company's impact on the national economy. ''Plenty of Democrats denounce Wal-Mart, but there are also plenty of people who need it, love it and rely on it."
In 1986, when Wal-Mart's founder, Sam Walton, tapped Clinton to be the company's first female board member, Wal-Mart was a fraction of its current size, with $11.9 billion in net sales.
posted
if i had a nickel for every politician as big league as Hillary that was on a Board of Directors for some huge Corporation at some point in their lives I would be richer then Warren Buffett lol... point is there is no point.. she was on the board.. big deal... she not letting Wal-Mart influence her now and that is what matters... bottom line...
-------------------- Let the world change you... And you can change the world.
posted
"people who are willing choose the lesser of two evils when they DONT have to are fools."
When it comes to a presidential election, any option other than one of the two major parties is a wasted vote and is foolish. There are exactly two rational options left and NOT CHOOSING the lesser of two evils there makes one more than a fool.
"do you recall me saying Dubya is not really a conservative?"
I never said he was. I said he is an oppertunist and a flim-flammer, at best, addicted to lying, even if the truth would be easier to support. There isn't a glimer of talent or integrity in the clown.
And do you recall me saying that the Clintons are not liberals? (They do flow with the prevailing wind.)
(What is true about the Clintons is that after a calamity they are careful to only eat the toast that landed butter side up, while dubya serves all of it at the dinner table, claiming it never fell, but that he's not hungry.)
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posted
This good friend of mine has a good buddy that has been in China for the past 15 years helping develope the farming over there.
He talked to his friend recently and the guy said he was contacted by someone in Afghanistan to help them develope their farming industry. They want to get away from the opium crops and grow garlic and some other crops.
He is being paid a very nice sum of money to go over there and consult with the farmers as they start growing these crops. There is a lot of new equiptment being sent to process these products.
I was telling my friend that could be one dangerous job when those drug lords find that the farmers are changing crops.
We might have to send more troops to protect those farmers.
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posted
democrat, republican... just two heads of the same snake.
i blame the private corporation who issues and manipulates the currency. all roads lead to them. its not an economic recession, its a wealth transfer.
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