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China is in much worse shape then a year ago. if there is a true crash, they will be one of the first to go.
Transplanted Texan
"I am here to chew bubble gum and kick some *** ... and I'm all out of bubble gum"
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I do not believe that America is better than everybody else...
America "IS" everybody else.
The Wilder Side Of Hawaii
bodysurf,
It is not the model itself but just lax protection laws.
If we let companies import goods into the US and they have no labor laws, safety laws, etc, they will kill us on price thus closing manufacturing down here.
For the really base cheap crap sold in China, they actually use child slave labor and of course prisoners that dared speak out against the state.
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Holy Crap! The stock market sure did welcome the new President Elect, down 500 points! Talk about hope!
Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
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"Holy Crap! The stock market sure did welcome the new President Elect, down 500 points! Talk about hope!"
nope, they just realized they still have the warmonger in the Wh for another 76 days after he came on tv and sounded like ...well like he usually does............they don't call him duhhhbeyah for nothing
Posts: 1,779
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quote:
Originally posted by Jon
...last time the economy shifted enough to make a difference between the rich and the poor
In the four decades leading up to the 1980's, I believe you will find, income distribution improved (i.e., the spread between the bottom income and the top income got narrower). Then came Ronald Reagan and wealth concentration has increased ever since.
James Weatherford, Ph.D.
15-1888 Hialoa
Hawaiian Paradise Park
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John, John...cool your jets [:X] You've had your wonderful last eight years...it's OUR turn now LOL!! And unless you're a Dixie Chick, I can't imagine a loyal Texan who's thrilled about our wonderful President Obama.
Whaaaa-HOOOO!
Carrie Rojo
"The sun and moon collide. Isn't gravity a funny thing? The universe explodes apart. All the children sing..." Todd Rundgren
Carrie Rojo
"Even the smallest person can change the course of the future..." Galadriel LOTR
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Whatever happens we must not lose sight of the big picture. Live a loving life and treat everyone kindly. We are all neighbors and a community that should sustain whatever may come it's way. That said, I'm just glad we have 76 days until the last 8 years are over and done with.
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LOL... James, I came of age under President Carter, please don't talk about wealth redistribution... He presided over the taking of billions from home owners with his double digit interest rates. It was not until President Reagan was elected, by a true landslide, that my small little world started looking up. Personally I don't believe President Reagan had anything to do with my good fortune, but he made the country feel good, and that opened up the doors.
If President Elect Obama is half as good as President Reagan... we will be fine...
Transplanted Texan
"I am here to chew bubble gum and kick some *** ... and I'm all out of bubble gum"
-----------------------------------------------------------
I do not believe that America is better than everybody else...
America "IS" everybody else.
The Wilder Side Of Hawaii
Posts: 2,014
Threads: 46
Joined: Jun 2003
I also remember Carter, and will every month as he saw fit to shift pay and allowances so my eventual retirement would be permanently reduced. Guess, that was just another form of redistribution. Perhaps if I were a better man, I wouldn't take it personally.
David
Ninole Resident
Ninole Resident
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The good thing about Obama is he's good for solar energy stocks... well maybe not-
http://www.forbes.com/2008/11/05/solar-e...r=yahootix
Other people want to make friends- I just want to make money.
James Cramer
