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Bernanke Is Getting Scared....
Market Ticker ^ | April 27, 2010 | Karl Denninger

Posted on 05/03/2010 10:15:52 PM PDT by Neil E. Wright

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To: sickoflibs

It’s still my opinion that moving most of our manufacturing offshore was a suicide move. Number one, it cut good paying jobs out from under the U.S. public, and it gave China the income stream to grow into a bonafied global threat.


61 posted on 05/04/2010 11:06:17 AM PDT by DoughtyOne (Be still & kneel before the know-nothing Omnipotent One, Il Douche' Jr., may fleas be upon him.)
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To: Neil E. Wright

bookmark for later read


62 posted on 05/04/2010 11:09:42 AM PDT by PatriotGirl827 (Lord Jesus Christ have mercy on me, a sinner)
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To: DoughtyOne
It’s still my opinion that moving most of our manufacturing offshore was a suicide move.

The union costs are unsustainable. They've demanded so much, very few business can afford to give away anthing else. They moved overseas so their goods can be sold at a reasonable price and their stock holders can earn a living. What else could they have done? Unless we get rid of unionization, the problem is just going to keep getting worse. Their wanting never ends.

63 posted on 05/04/2010 11:24:15 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: DoughtyOne
RE :”It’s still my opinion that moving most of our manufacturing offshore was a suicide move. Number one, it cut good paying jobs out from under the U.S. public, and it gave China the income stream to grow into a bonafied global threat

The companies did that because regardless of what the progressives claim, Washington puts voters demands ahead of job-creating-businesses by driving up expenses endlessly and companies out (look at lawsuits) .

In theory trade was supposed to create new jobs here but the China (PRC) of today is not the China of 1980. This China has a educated workforce that learns english and the government makes sure the country is long term business friendly(but not friendly to the individual citizen) , something you wont see in a democracy.

They cant vote for jobs, vote for raises, vote for health care....etc.

64 posted on 05/04/2010 11:26:10 AM PDT by sickoflibs ( "It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: Attention Surplus Disorder

BTTT! Good post.


65 posted on 05/04/2010 11:35:19 AM PDT by griffin (Constitution Unchained! - krsieanforcongress.com)
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To: concerned about politics

When you look at the numbers of actual union employees in the U.S. (especially manufacturing based jobs), you begin to realize this isn’t the driving force you probably thought it was.

The fact is, you can’t compete as a U.S. Citizen when foreigners will work for $0.25 cents an hour. The question always has been, do you want to support the job of the guy down the block who will contribute to your local economy, or would you like to support the foreign national whose nation will confiscate most if his income to build up a global threat to your nation?

Sadly, the issue was blurred by those wanting to make bigger profits off the backs of our unemployed, or underemployed.


66 posted on 05/04/2010 11:36:07 AM PDT by DoughtyOne (Be still & kneel before the know-nothing Omnipotent One, Il Douche' Jr., may fleas be upon him.)
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To: Neil E. Wright
bad? it was bad a couple years ago.

horror show...that was last year...

financial Armageddon - you are witnessing history make sure your children learn the lesson and pass it on.

67 posted on 05/04/2010 11:38:47 AM PDT by surfer (To err is human, to really foul things up takes a Democrat, don't expect the GOP to have the answer!)
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To: sickoflibs

I don’t disagree with that, but I do think our focus should be repatriating jobs. We have 10% of our work force out of jobs, and we still bring in illegals and ship jobs off shore.

If this isn’t a big F U to the U.S. Citizen, I don’t know what would be.


68 posted on 05/04/2010 11:40:48 AM PDT by DoughtyOne (Be still & kneel before the know-nothing Omnipotent One, Il Douche' Jr., may fleas be upon him.)
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To: surfer
financial Armageddon - you are witnessing history make sure your children learn the lesson and pass it on.

No man should be used as another mans slave. No more politicians. No more social programs. Self sufficiency and free will charities are the only systems that ever work.

69 posted on 05/04/2010 11:44:44 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: DoughtyOne
RE :”I don’t disagree with that, but I do think our focus should be repatriating jobs. We have 10% of our work force out of jobs, and we still bring in illegals and ship jobs off shore.

BTW : I don't think we actually ‘bring in’ illegals, they sneak in themselves :) We should lower LEGAL immigration quotas now.

Ironically Obama ran on ‘bringing the jobs back’ and has done everything he could to accelerate their losses. Anybody with any brains could see he had no plan to keep businesses here.

70 posted on 05/04/2010 11:46:07 AM PDT by sickoflibs ( "It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: DoughtyOne
and we still bring in illegals

Look at how many democrats are on life time welfare because they've chosen 'life long vacation' as their life style choice, and we still bring in illegals to work. Why? Why not give those jobs to welfare recipients? Even if they pay lower wages, at least these people would be doing something to earn their keep. It doesn't take a rocket scientist to pick lettuce!

71 posted on 05/04/2010 11:50:32 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: sickoflibs

Look, we could stop the flow of illegal immigrants any time we desired to. My comment stands. Leaving the faucet open, then blaming the water for flowing through it doesn’t cut it for me.


72 posted on 05/04/2010 11:53:48 AM PDT by DoughtyOne (Be still & kneel before the know-nothing Omnipotent One, Il Douche' Jr., may fleas be upon him.)
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To: sickoflibs

BTW, I agree with your last comment.


73 posted on 05/04/2010 11:54:15 AM PDT by DoughtyOne (Be still & kneel before the know-nothing Omnipotent One, Il Douche' Jr., may fleas be upon him.)
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To: DoughtyOne

RE :”Look, we could stop the flow of illegal immigrants any time we desired to. ‘

Heck, they are fleeing Arizona now, if not due to the law itself then because MSNBC is telling them the whole state is now a prison camp scaring the daylights out of them. I heard they are headed to CA to pick oranges just like that liberal 1930s Steinbeck novel the Grapes of ....


74 posted on 05/04/2010 11:59:06 AM PDT by sickoflibs ( "It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: RebelTex
Deficits Actually, I like THIS chart better... since, it begins to indicate a possible SOURCE for our problems!
75 posted on 05/04/2010 12:01:10 PM PDT by SomeCallMeTim
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To: concerned about politics

IMO, you are correct. And I would even urge growers to pay out substantially higher wages to their pickers. The picker cost is insignificant to the price you pay for a head of lettuce. Let someone earn a decent living picking lettuce and you’ll create a better life for your neighbors, even though you won’t be passing off that much cost to people who purchase your product. It really can be a win win.


76 posted on 05/04/2010 12:01:41 PM PDT by DoughtyOne (Be still & kneel before the know-nothing Omnipotent One, Il Douche' Jr., may fleas be upon him.)
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To: DoughtyOne
It really can be a win win.

And unlike the current situation, the earnings won't be sent off to a family in another country somewhere. They'll stay here and build our own economy back up.

77 posted on 05/04/2010 12:07:20 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: DoughtyOne

I agree with you. A decent wage for farmworkers would mildly raise the price of food, but this “$5 lettuce” crap is just that: crap.


78 posted on 05/04/2010 12:50:58 PM PDT by Attention Surplus Disorder (Voters who thought their ship came in with 0bama are on their own Titanic.)
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To: SomeCallMeTim

Excellent visually graphic graph, LOL.

Just one question - didn’t the Dems take back control of Congress in 2006???

Or did they just get control of the Senate and not the House?

...just askin’


79 posted on 05/04/2010 1:41:52 PM PDT by RebelTex (FREEDOM IS EVERYONE'S RIGHT! AND EVERYONE'S RESPONSIBILITY!)
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To: RebelTex
Just one question - didn’t the Dems take back control of Congress in 2006???

Excellent question...

The Dems won control of BOTH houses in the Fall of 2006. By then, the Budget for FY2007 was already passed. The Dems took office in 2007, and then passed THEIR first budget later that year...

THEIR first Fiscal Year Budget, was FY2008.

80 posted on 05/04/2010 2:13:16 PM PDT by SomeCallMeTim
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