Skip to comments.Bush Hands Over Reins of U.S. Economy to EU
Posted on 11/20/2008 12:40:21 PM PST by RED SOUTHEdited on 11/20/2008 1:45:55 PM PST by Admin Moderator. [history]
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We are sending 700 BILLION overseas to purchase oil and 500 BILLION or more overseas to purchase labor and again, these countries are using it to purchase us. This must be stopped and the people that are making these decisions to make us a WEAK AMERICA need to be fired. Think about it, we have virtually no infrastructure anymore, no steel mills like we did and all of our manufacturing is being sold down the river by our corporations and politicans so that they can make a buck, even though it leaves us defenseless.
Morris is commenting on the agreement.
Sunday, November 16, 2008;
By Glenn Kessler and Anthony Faiola
Washington Post Staff WritersWorld leaders holding an emergency meeting to combat the economic crisis agreed yesterday to a far-reaching action plan that, over the next 4 1/2 months, would begin to reshape international financial institutions and reform worldwide regulatory and accounting rules.
The leaders' 11-page statement spoke of broad principles, leaving the details to be worked out by lower-level aides before another summit meeting in April, after Barack Obama assumes the presidency. But the gathering in Washington of the nearly two dozen nations -- from every region of the world -- reflected the new balance of power emerging in the aftermath of a financial crisis that has devastated even well-run economies, a wrenching process that British Prime Minister Gordon Brown has dubbed "the birth pangs of this new global order."
Under the plans outlined by the leaders, countries such as China, Brazil and India would gain greater roles and responsibilities as part of a restructuring of the international financial system, while European leaders won a commitment to new regulations and controls on banks, rating agencies and exotic financial securities. The leaders also agreed that a dramatic failure of market oversight in "some advanced countries" was among the root causes of the financial crisis, an implicit rebuke of the United States.
" I'm a free market person," President Bush told reporters after the summit ended, "until you're told that if you don't take decisive measures then it's conceivable that our country could go into a depression greater than the Great Depression." continued
Low taxes, low priced energy, bring all the scoundrels Franks, Dodd and the rest to justice.
We are sending 700 BILLION overseas to purchase oil and 500 BILLION or more overseas to purchase labor and again, these countries are using it to purchase us. This must be stopped and the people that are making these decisions to make us a WEAK AMERICA need to be fired. Think about it, we have virtually no infrastructure anymore, no steel mills like we did and all of our manufacturing is being sold down the river by our corporations and politicians so that they can make a buck, even though it leaves us defenseless.
We need an end to protectionist currency manipulation by Asian countries. We cannot move towards real free trade until this malignancy is removed. It is protectionist to rig your currency. The trade imbalance is caused by currency protectionism. The excess foreign liquidity created by the imbalance is what caused this financial mess.
Then try Lou Dobbs, CNN between 7:00 and 8:00.
But still, FOX news is less left than any other of the media.
The first two things Ghengis Khan did when he captured a city were to execute the ruling elite and to cut everyone else's taxes.
Maybe change isn't always bad.
In one month of legislation and one diplomatic meeting, the United States has unilaterally abdicated all the gains for the concept of free markets won by the Reagan administration and surrendered, in total, to the Western European model of socialism, stagnation, and excessive government regulation.
Uh-huh....Where are all the BushBots now.............
Is it possible that the ICC is threatening Bush?
Well Duke our country being subjected to the rules of the EU. No doibt they will really want to follow our constitution.
Are you aware of the One World Government and what it may bring according to the Bible?
Maybe I'm mistaken, but I think we still end up in the same place.
but they didn’t, cuz they’re starting to see the light — a few years too late
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