Posts Tagged ‘Economy’

Is it fair to say that the US economy is 28% socialist?

Friday, May 6th, 2011

Tax revenue as a percentage of total GDP in th USA is 28%, In Australia it’s 30%, In the UK it’s 39%, In Italy it’s 42% and in Denmark 50%.

http://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_as_percentage_of_GDP

Everything taxes are spent on are effectively socialist, so is it fair to say that most countries are partly socialist?
People who say taxes aren’t socialist are stupid, it perfectly fits the definition.

It’s a state-run government and collective ownership which allocates resources each according to their needs That is socialism.
Also, the government owns the means of production of whatever taxes are spent on, the state owns Medicare etc. Etc.

Given Gordon Brown’s record as a safe pair of hands on the economy?

Wednesday, May 4th, 2011

How do you feel about the news that he will allow a new generation of Nuclear powerplants to be built in the UK. How do you feel about his assurances that they will be safe. If Chernobyl had happened in the UK it could have rendered the entire landmass of the UK uninhabitable as it has done to a similar area in the Ukraine. The British government have been so totally incompetent in their management of nuclear power that they have not even come up with a long term plan for disposal of the waste created over the last 60 years. Do you trust the British government with the safe management of nuclear power stations on your doorstep?

Why are these Democrats holding the Wisconsin economy hostage to their demands?

Tuesday, May 3rd, 2011

The buzz this morning is about this report in the Wall Street Journal, which says that the Wisconsin state senate Democrats who’ve fled the state are about to give up the ghost:

Sen. Mark Miller said he and his fellow Democrats intend to let the full Senate vote on Gov. Scott Walker’s “budget-repair” bill, which includes the proposed limits on public unions’ collective-bargaining rights. The bill, which had been blocked because the missing Democrats were needed for the Senate to have enough members present to vote on it, is expected to pass the Republican-controlled chamber…

…Mr. Miller declined to say how soon the Democratic senators, who left for Illinois on Feb. 17, would return. He said the group needed to address several issues first—including the resolution Senate Republicans passed last week that holds the Democrats in contempt and orders police to detain them when they return to Wisconsin.

Other senators deny this vociferously. Democratic Senator Chris Larson had this to say:

Sen. Miller’s comments are taken out of context in the Wall Street Journal article just released. Dems will return when collective bargaining is off the table. That could be soon based on the growing public opposition to the bill and the recall efforts against Republicans. Unfortunately, the WSJ fished for the quote they wanted, skipping this key step in logic: we won’t come back until worker’s rights are preserved.

http://www.guardian.co.uk/commentisfree/michaeltomasky/2011/mar/07/usa-wisconsin-state-senate-dems-coming-home-maybe

No honor among thieves.
Yes, those senators sure are middle-class every day Joes.

Surely increased spending will improve the overall state of the economy?

Monday, May 2nd, 2011

Following basic economic principles, economic growth will only take place when spending occurs. Employment = Spending = Business Prosperity = Individual Prosperity. Why then, does the media encourage us to spend as little as possible? I’ve always thought that it doesn’t make sense to cut back so much. Yes, we should get rid of our country’s huge deficit but economic growth should also be promoted. I live in the UK, and I don’t know what sort of debt the USA has or what exactly the Federal Reserve is up to. Check out this article:

http://www.telegraph.co.uk/finance/comment/rogerbootle/4218744/This-recession-demands-that-we-employ-logic-and-spend-our-way-out-of-it.html

The problem with our economy is not internal. it is, rather China. T or F?

Thursday, April 28th, 2011

When Saudi Arabia gets too many petro dollars from America, they give it back by buying billions of dollars in weapons of mass destruction from us. When Japan got too many of our dollars by destroying our auto industry etal., they reivested that money in building factories in the South to build their cars. Likewise, for Germany, and the UK, who returned dollars by buying up American companies, real estate, etc. But China isnt like any of those Countries. They aren’t investing in America, and I don’t know if any Congress would let them if they tried. So there is the dilemma, how do we get that money back, short of War.

Obama ruined the economy (BEFORE he took office); Bush is responsible for its recovery (AFTER leaving office)?

Wednesday, April 27th, 2011

http://www.guardian.co.uk/commentisfree/michaeltomasky/2009/oct/15/fox-business-cavuto-bush-recovery

What is going on over at FOX? Are they using recreational drugs?

NOTE: I don’t like Obama or any of the Clintons.
It Girl:
As long as the
(not) Federal (no)Reserve
is printing greenbacks 24 hours a day, no one is safe.
William H: FOX/Neil Cavuto says there is a recovery. You, of all people, should know that FOX News is always right.
Schmuck: Exactly! Like the TARP that Bush started. Spending our way out of debt?!? Good point. I’m glad you included BOTH Parties in this foolishness since they are BOTH being . . . foolish.

If people are concerned about the economy, & bailouts, why did they vote to elect the same Libs who caused it?

Wednesday, April 27th, 2011

Proof is in the links below:

Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

http://uk.youtube.com/watch?v=_MGT_cSi7Rs

and, Fannie Mae CEO calling Obama and the Dems the “Family” and “Conscience” of Fannie Mae

http://uk.youtube.com/watch?v=usvG-s_Ssb0&feature=related

If you can understand this course the voters have taken, can you explain it to me?

Thanks.
Ma’am’s and Sirs…some of you are in denial? Here in these links is the Democrats “saving Fannie Mae, and Freddie Mac”, so do you watch for the facts, or don’t bother out of fear?

Your Liberal buddies did it, I, nor Rush Limbaugh, who I don’t even listen to, didn’t make this up. Your Libs, and their pictures, with their mouths moving in these two videos are covering up these banks. Is that why Obama won, because Liberal intentionally try to remain uneducated? Explain to me please?

The Digital Economy Bill and you?

Tuesday, April 26th, 2011

The United Kingdom rushed a bill through their legislature that gives the government the Authority to Disconnect homes and IP address that are doing ‘unscrupulous’ activities on the internet (the Bill was pu$hed by groups like the RIAA and MPAA’s UK variants)

Britons: Did you enjoy having the Internet?

Americans: Will you blindly support this bill in the United states as well (doing nothing to oppose it means you may as well support it)?

Article: http://www.eff.org/deeplinks/2010/04/u-k-passes-internet-disconnection-law

So economy collapses cuz of Wall st greed, but now Goldman splashing billions in bonsus while the rest suffers?

Monday, April 25th, 2011

is this really happening; Goldman and Sachs are splashing 16 billion in bonsus while everyone around us is suffering; that is 16 billion split on 32000 workers, Now i wonder why their are illegal mafia’s if the govt itself is in open view corruption with Walll St, what do u think?

http://www.guardian.co.uk/business/2010/jan/21/goldman-sachs-bonus-cut

GOP Economy Melting Down & Even Republicans and Military Generals Doubting McCain/Palin-Will Obama Win Big?

Sunday, April 24th, 2011

[Sarah Palin] “doesn’t have any foreign policy credentials” ……”I think it’s a stretch to, in any way, to say that she’s got the experience to be president of the United States.. You get a passport for the first time in your life last year? I mean, I don’t know what you can say. You can’t say anything.”

“I think they ought to be just honest about it and stop the nonsense about, ‘I look out my window and I see Russia and so therefore I know something about Russia’….. ..That kind of thing is insulting to the American people.”

- Republican Senator Chuck Hagel (senior member of the Senate Foreign Relations Committee)

http://news.bbc.co.uk/2/hi/americas/7623771.stm

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In McCain’s bizarre interview with Spanish Owned Union Radio he
refused to say whether he would meet with Spain’s Prime Minister,
José Luis Rodríguez Zapatero. Listening to the interview repeatedly,
it simply seemed that McCain had no idea who Zapatero actually
was. McCain seemed to think he was a Latin American autocrat -
despite the reporter repeatedly saying “I am talking about Spain.”

http://www.huffingtonpost.com/max-bergmann/not-a-gaffe-mccain-campai_b_127486.html

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Latest N.Y. Times/CBS Poll: Obama 47% McCain 43%
“McCain Less Likely to bring Change.”

http://www.nytimes.com/2008/09/18/us/politics/18poll.html?hp

A a Roosevelt-scale counterrevolution will prevent the financial collapse from cascading into Great Depression II. And the public should never again forget that this needless collapse was brought to us by free-market extremists.

http://www.alternet.org/workplace/99241/only_a_roosevelt-scale_counterrevolution_can_prevent_great_depression_ii/?page=entire

Bushfamilymenber…You can try to reinvent history, but it won’t work…Wall Street Investment Banks lobbied both Democrats and Republicans in the 1990s to overturn Glass-Steagall, but it was Republican Phil Gramm’s sponsorship that raliied the GOP majority in both the Senate and House and Clinton had to sign it into law. But it was Phil Gramm’s own measure in December, 2000-
Commodities and Futures Modernization Act-that created ‘Credit Default Swaps’ which resulted in the Housing Bubble and Subprime mortgage Crisis.

http://www.motherjones.com/news/feature/2008/07/foreclosure-phil.html

“The recent financial disasters — from the collapse of Fannie Mae and Freddie Mac to the historic drop in the stock market — are not just a string of bad luck. They are the result of years of bad decisions made in favor of big corporate special interests instead of America’s working families.

More than 600,000 Americans have lost their jobs since January. Home foreclosures are skyrocketing, and home values are plunging. Gas prices are at an all-time high, and we’re still spending more than $10 billion every month on a war in Iraq that should never have been waged.

John McCain’s campaign is doing everything it can to focus attention on false personal attacks and distractions — but there’s too much at stake for that kind of politics.”
Barack Obama