Greenspan tells Congress he had no idea this econ mess was coming, but he goes on to say what is next and what congress should do. The cuts in interest rates starting in 2001 pumped up the balloon after the dotcom crash, as he said in 2005. When asked why he didn't listen to the people who were proven right, he said half the time half the people are wrong. No, Alan, some arguments are based on logic, and some are based on politics. Your moves were political.
Thursday, October 23, 2008
Wednesday, October 22, 2008
Why I Want Hillary
Because the democrats will win big this time, and she is not an idiot. This plan,
Invest in our Next Generation Innovators and Job Creators: Obama and Biden will create an Advanced Manufacturing Fund to identify and invest in the most compelling advanced manufacturing strategies. The Fund will have a peer-review selection and award process based on the Michigan 21st Century Jobs Fund, a state-level initiative that has awarded over $125 million to Michigan businesses with the most innovative proposals to create new products and new jobs in the state.
is typical of why USA is in trouble economically, and the Obama plan is to do more of the same, just worse. Pop quiz: what is th problem with this plan? Well, of course, politicians pick the winners and losers. No where is the customer considered. It is nuts.
China Gains On USA Failure
USA probably cannot stand another republican administration for a century after this one. I wish the USA leaders were 1/100th as smart as the Chinese leaders. Republicans in particular do not understand business, but that is clear from the destruction to our economy they are presently executing.
Pakistan is trying to shift its alliance to China, for money of course, and China is willing to help "within our capabilities." What art! Meaning of course, if we can pick up Pakistan on the cheap, we'll do it, since the only other bidder out there, USA, is bankrupt. Sigh. This was all so predictable!
Subscribe to:
Posts (Atom)