Financial Crisis 2008
China Announces $580 Billion Stimulus Package
China Announces Economic Stimulus Package
In anticipation of G20 Economic Summit set for Washington next week China has announced a 580 billion dollar economic stimulus package.
About 10 years ago, China led in an effort to stimulate the Asian economy. At that time, China issued bonds to pay for construction of roads, bridges, and other infrastructure and it was considered to be highly successful.
Bailing out Detroit Again?
Here a Bailout, There a Bailout Every Where a Bailout
Detroit is the brain of USA auto manufacturing. From there thousands of suppliers of both parts and services branch out and provide jobs for even more Americans. It is an important US manufacturing business. A quick destruction of this industry would be devastating.
The industry has been in trouble for many years now. Since the 80′s the auto industry has been in trouble to one point or another. The conventional thinking of meeting the demand is just not going to work any more. Too many others can meet the demand. Instead, we must change the demand. The only way to do that is produce something that people will want once they know they can have it.
China, The New Financial Leader of The World?
China is Enjoying Increased Prestige in the Financial World
The USA’s standing in the world is diminished. Though we may hate to admit it, it is true and we’ve earned it.
It appears we just launched a military attack into Syria this week to take out Al-Qaeda operatives. I believe it, we didn’t go in and launch million dollar missiles just to take out some farmers, at least not intentionally. We could have received bad intelligence from our torturing of political prisoners. But when Syria claims that we did attack civilians and that the USA couldn’t be believed. After all this is the same administration that told us that Saddam Hussein had WMD and was on the verge of obtaining a long range missile to deliver nuclear warheads and it was all a lie! It wasn’t a mistake, it was a lie!
Credit Shortage! Where Did The Money Go?
The Velocity of Money and the Effects on Credit.
You must know now that the US and the world is in the midst of a financial crisis. If you’re like me, you’re very confused. I’m a little less confused but I’ve been asking questions and doing research. I’ve spent a lot of time on why credit is so hard to get. I hope this article will help you understand more about this very complicated process. Even the experts are often wrong, sometimes even the interpretation of what the economic numbers mean.
Have you asked where the money went? Why do the banks suddenly not have the money to loan? Did you assume like me that the banks have money but were afraid to let it go? That is a part of it but not the whole story, not even the biggest part of the check.
Financial Crisis or Policital Posturing
Financial Crisis or Political Posturing
McCain Vs. Obama
The Republican Flip-Flop.
John McCain says Barack Obama is not allowed to be undecided as president.
Now John McCain says he has no position on the best plan for the bailing out the economy at this time. Isn’t that being undecided? Which Obama was not allowed to do?
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