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Originally Posted by Sinestra
China and the US's economies are so deeply entwined these little spats every now and then dont really concern me that much. The media also *cough Fox News cough* likes to take a situation and portray it as 1000 worse than it really is. No one can predict the future all we can do is wait and see what happens and see how China handles its economic growth. I would prefer to see greater cooperation than the two countries sniping at each other.
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Sure it would be great the US and China can hold hands and sing economically, but the reality of it is with the difference between the two governments, it will truley never happen on any true scale. China has not got the US true best interests at heart in the end.
Sure you can blame fox news for reporting the facts and watch the breaking news on Tiger woods if you want, but at the same time the administration is not helping by strangling growth, while patting themselves on the back. Businesses don't want to hire or expand because they don't know what is coming next as far as regulation and taxes from the government. The Chinese government doesn't regulate Chinese businesses a fraction that we are seeing in the US recently, which is a major reason for their continued economic growth. The Chinese would never agree to the cap and trade regulation on the rise here; they laugh at the current US administration for its distaste of any type of "profit".
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Originally Posted by Sinestra
@ clintjm I do agree with you that time to recover and for real growth to start will take generations. But over time things will start to improve little by little. In my area we are already seeing signs of recovery. Its not super fast but it steady however where i live there are always jobs available but more so for people with degrees and high education. Im hoping that Americans have learned their lessons with relying on credit for all situations and start a method of saving and spending to spur economic growth. Im not even going to talk about Wallstreet because of what i would like to do to some of those people and the shady CEO's of numerous financial institutions. They are lucky Americans didnt go on a witch hunt for them with pitchforks and torches.
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Its too early to celebrate as usual. The celebration of a .03% in employment is nothing as it bounces back at the next check. And any signs of recovery is only temporary as we have seen continuously. People see these reports, see the government pat themselves on the back, celebrating, raising taxes, see their or their neighbors situations. Is this the environment that inspires economic growth?
Its a combination of things. People with a feeling of entitlement; people who don't understand basic usages of credit; people who are just living beyond their means. Why would these people have learned their lessons when their is always a bailout?
Its nice your part of the country that jobs are always available you are one of the few. I just watched a company just do 600 layoffs to their IT department. I just watched a state deficit grow and raise taxes.
You don't raise taxes in a mess such as this. You don't tax, increase regulation and grow government; do what was done in the late 70s and get the explosion of growth like was seen in the 80s.
The problem is things aren't really changing. We are already repeating the mortgage bubble as we speak.
Pitchforks and torches is not what the American people are about. Just continue to enforce the laws that exist, adjust and amend as needed by a majority vote. Prosecute through the courts.
Jobs bill.... HAAA!
Annyway... I think it says a lot that China is losing a taste for American T-bills.