The US AAA rating in the financial world is threatened because of how we are dealing with our bailout and we pretend that people like Robert Prechter do not exist while the government continues on the road which some people see as creating a worse situation. Reuters warns that this credit rating downgrade is coming
http://www.reuters.com/article/InvestmentOutlook09/idUSTRE55E6BM20090615
Does government acquisition of banks and private car companies which are in competition with privately held and run banks and car companies enhance or diminsish our chances of improving the national economy and productivity? What is the effect of government competition with private enterprise where one of them has to perform and borrow funds in a marketplace which judges them on performance verses another run by people who are predominately politicians with no real business experience and ability as evidenced by their performance and who have access to what they appear to perceive as an infinite source of funds. They want us to get behind political parties and fight eachother over whose team is right so that we do not see the real problem. While we are scrapping with eachother, the power grabbers are taking over.
If there was a true desire to provide healthcare reform, we would see lawyer politicians looking into limiting their brethern's employment opportunity acts by looking at lawsuits for medical malpractice which hinder doctors practicing medicine because a certain class of the politicians bretheren are sitting in the trees looking for easy pickings.
The same would be true of the legal extortion in development cases where lawsuits are filed blocking developments and the developer can settle in a manner which is legal extortion. This hinders employment and development for the benefit of the vulture class of the politician's bretheren.
Look at their actions rather than listen to their lullabys. A prime example is Obama breaking the 30 day notice requirement in a bill which he sponsored as a senator to get rid of an inspector general who was going to expose some things which would be detrimental to the transparent illusion fed to the Moorons regarding Americore. An organization with a good purpose can go very bad with the wrong people. We have seen that in some great American charitable organizations in the past.
The big bailout bill was the same story. We were told that we would have transparancy and 48 hours to review legislation. I, along with several legislators must have blinked for a long time. I guess that that is no big thing because the rest of them didn't bother to read most of it anyway.
PAY ATTENTION TO WHAT IS AS MUCH AS YOU PAY ATTENTION TO WHAT IS SAID BECAUSE THE REST OF THE WORLD IS AND WE ARE MAKING THEM NERVOUS
Breitbart reported on June 17, 2009, "Leaders of the so-called BRIC nations -- Brazil, Russia, India and China -- had on Monday called for a "more diversified" currency system. "The BRIC leaders are divided between supporting the US dollar -- as it is the only choice for now -- and advancing the march for an alternative," said Phil McHugh, who heads the corporate foreign exchange desk at currenciesdirect.com."
http://www.breitbart.com/article.php?id=CNG.5df48ce0851221bad106b502bb21bc48.741&show_article=1
Tuesday, June 16, 2009
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