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The Gaping Difference Between Asia And America In One Depressing Chart
Nowhere is The American Dream more prevalent than... In Asia?
As they continue to struggle with the effects of the Great Recession, publics in advanced economies are pessimistic about the financial prospects for the next generation. Most of those surveyed in richer nations think children in their country will be worse off financially than their parents. In contrast, emerging and developing nations are more optimistic that the next generation will have a higher standard of living.
Asians are particularly optimistic about the next generation’s financial prospects. Fully 94% of Vietnamese, 85% of Chinese, 71% of Bangladeshis, and 67% of Indians think today’s children will be better off than their parents. Africans and Latin Americans are also on balance optimistic, while Middle Easterners tend to be pessimistic. And in Europe and the United States, pessimism is pervasive.
* * *
Can The Fed just hurry up and print some more optimism!!??
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Plus, most Amreicans don't speak Asian
I know why things are getting better in Asia. They didn't send all their jobs to us. Fuck "free trade."
China is where the American dream come true.
Nothing a well co-ordinated strategic nuclear suprise attack on Asia couldn't fix
That would turn those numbers around pretty quickly
By well-coordinated, I take it you mean melting their glaciers and snow packs - which provide water to India and Pakistan.
A nuke off the coast of Fukashima would be novel...
I've read somewhere that it has been speculated that a large enough thermo nuke set off in close enough proximity to the remains of the runaway reactors would "consume" any of the remaining fissionable material in the explosion.
Now I'm not a nuclear physicist nor do I play one on TV. Personally, I think that sounds like bullshit and would just serve to make an even bigger mess. I just thought it was interesting when I read your comment that I had already seen someone propose that idea somewhere else.
Americans have baby boomer parents living beyond their means on credit, so it is tough for young Americans to beat that lifestyle.
In contrast, it is easy for young Asians to afford western style clothes, cars, apartments and see that they are better off than their parents who went through WAR or COMMUNISM.
But young Asians still flocking to USA.
> I've read somewhere that it has been speculated that a large enough thermo nuke set off in close enough proximity to the remains of the runaway reactors would "consume" any of the remaining fissionable material in the explosion.
Because will scatter that shit to the all 7 corners of the Earth.
"Nothing a well co-ordinated strategic nuclear suprise attack on Asia couldn't fix".
Like Fukushima?
We are seeing another repeat of history, The Roman empire moved east to Constantinople along with all the wealth and left the western part to rot and be overrun by barbarians.
Illegal to work in most Asian countries. I get approached all the time in Thailand. Kon Tai are not just being curious if I am working in Asia. If I was employed in a task other than teaching English, a Tai gets a $300 bounty for turning you in. They are not stupid about allowing good businesses departing their country.
wow, really? that's pretty offensive. next time one of them asks you that, punch them in the face.
We are No. 5 USA USA USA USA USA. Yahooooooooooo.
Amerika get Hope & Change and Obola.
If we remove Wall Street royalty from the data, I bet American passes Europe to the downside and we will be like African natives.
Many Asians are terribly racist. In Amurica, such immaturity has been largely transcended, execpt for the occasional tea-bagger troglodyte.
Forward, Obola!
Down vote for use of the term "teabagger".
It implies being brainwashed by the liberal media.
I come from a very long line of troglodytes, about a million years worth.
The original "tea baggers", or supporters of the original Boston Tea Party, included Samuel Adams, cousin and supporter of John Adams.
The original "tea baggers" were working against oppressive imperial laws and regulations imposed on Americans by 0.1%-rich bankers and merchants whose loyalties were an ocean away from America. Today's "tea baggers" are working against oppressive imperial laws and regulations imposed on Americans by 0.1%-rich bankers and merchants whose loyalties are an an ocean away from America.
OH,
Like back in the day "gay" meant something else, altogether, also.
Today, teabagger is a deroatory term like libtard or repugnantcan.
Yes, thank you, BB. :-)
I'll never forget the evening I took my kid to a country-western bar for a bite to eat. It was late, and the band was already playing, and theband was good, and people were dancing, and the building was shaking, and people were smiling and laughing, and my kid said, excitedly, shouting so I could hear him over the band, "WOW! This is really a GAY BAR!" Some heads turned but all was forgiven. HA HA HA :0)
I'm encouraged to hear he knew a meaning to the word, pre queer.
Another chink in the armor?.
Thanks for the perfect segue. Dutch investigators think mh17 was shot down by another jet. Get on it, Durden!
http://m.themalaymailonline.com/malaysia/article/mh17-dutch-prosecutors-...
yes, it is likely that the 2 ukrainian air force fighters shot down mh17, consistent with the cockpit being made into swiss cheese from bullet holes, not a missile.
corbett did a great review of the evidence:
https://www.youtube.com/watch?v=gWlAARb0fN4
thats wasist
Maybe eventually we'll all meet somewhere in the middle.
My guess is that's a plan.
It's called "Globalisation" and this is an inevitable consequence where incomes and living standards will fall in the West and rise elsewhere until they find an equilibrium somewhere in the middle. It's been great for Corporations, who now want MOAR and to dominate sovereign States (TTIP, TPP etc.). For the Western middle class, not so much...................
TTIP - the American nightmare.
TTIP is bad for Americans, Canadians and Europeans.
It allows corporations to do what they could not do so far.
It's the modern rehash of "Deregulation" from the 1980s, under Bush-Reagan, which was code for "eliminate regulatory and compliance people, and remove the Checks & Balances"
You know it must be really REALLY bad when it gets written (By Corporations) and negotiated with other States in secret. That is, of course, unconstitutional because the Congress is responsible for trade deals. There is no "Fast track" Congressional opt-out (Cop-out) in place at present and yet, to the best of my knowledge, neither TTIP not TPP have been submitted to Congress as Bills for approval? Fascism in action.....
"It allows corporations to do what they could not do so far."
The North American Free Trade Agreement (NAFTA) was signed into law by President BILL CLINTON who said that he hoped the agreement would encourage other nations to work toward a broader world-trade pact. NAFTA eliminated virtually all tariffs and trade restrictions between the U.S., Canada, and Mexico.
The Obama Administration is negotiating bilateral and multilateral free trade agreements with the following countries and blocs:
• Free Trade Area of the Americas (FTAA; incl. all countries on the Western Hemisphere, except Cuba)
• U.S.–Middle East Free Trade Area (US-MEFTA; incl. most countries in the Middle East)
• Flag of Europe Transatlantic Free Trade Area (TAFTA; European Union)
• Thailand: United States–Thailand Free Trade Agreement (on hold since the 2006 Thai coup d'état)
• New Zealand: US–New Zealand Free Trade Agreement
• Ghana: US–Ghana Free Trade Agreement
• Indonesia: US–Indonesia Free Trade Agreement
• Kenya: US–Kenya Free Trade Agreement
• Kuwait: US–Kuwait Free Trade Agreement (Expert-level trade talks held in February 2006)
• Malaysia: US–Malaysia Free Trade Agreement (last meeting was in July 2008)
• Mauritius: US–Mauritius Free Trade Agreement
• Mozambique: US–Mozambique Free Trade Agreement
• Taiwan: US–Taiwan Free Trade Agreement
• United Arab Emirates: US–United Arab Emirates Free Trade Agreement (5th round of talks are yet to be scheduled)
• US–Southern African Customs Union Free Trade Agreement (US-SAUC; incl. South Africa, Botswana, Lesotho, Swaziland, and Namibia; on hold since 2006 due to US demands on intellectual property rights, government procurement rights and investment)
• Ecuador: US–Ecuador Free Trade Agreement
• Qatar: US–Qatar Free Trade Agreement (on hold since 2006)
• Trans-Pacific Strategic Economic Partnership
https://en.wikipedia.org/wiki/United_States_free_trade_agreements
There are nowhere near the number of people making $150,000-$300,000 per year in Asia compared to the number in USA. In USA, anyone can get there and it's pretty common. In Asia, not so much.
Corrrect. Which is why the Asians are more optimistic about their children's prospects than the Americans. THere is more room for "growth".
Incorrect. The article merely tries to establishe the USA's decline not comapare incomes.
Huh??
Yeah, that makes a lot of sense....
It does. Things are seen to be getting worse here. Things are seen to be improving there. We are declining and they are rising. It's pretty simple really.
In the end, that chart only illustrates perceptions of the future (hope). I think the Asians will be greatly disappointed. I think Europeans will be greatly dead. I think America will be torn apart by civil war. But after that, it's like totally anybody's game.
my bet is on mongolia, chile, and myanmar.
This isn't about the current standard of living. It's about the future. How many $150,000-$300,000 jobs will be available in America in 15-20 years? How much of a burden will the national debt be in 20 years when it's $40 trillion and interest rates are no longer 0.25%?
Just remember. 1% of 300 million is... 3 million 1%ers in USA. 1% of 1.2 billion is... 12 million 1%ers in China.
Current world population (ranked)
Rank Country Area Sq.Km Yearly growth Daily Increase Population Today
1. China 9,596,960 0.61% 22,966 1,396,659,231
2. India 3,287,590 1.24% 42,367 1,272,602,816
3. USA 9,826,630 0.81% 7,085 323,472,751
4. Indonesia 1,919,440 1.21% 8,297 253,873,038
5. Brazil 8,511,965 0.85% 4,649 202,607,631
6. Pakistan 803,940 1.66% 8,289 186,146,053
7. Nigeria 923,768 2.78% 13,223 180,002,202
8. Bangladesh 144,000 1.19% 5,118 159,067,099
9. Russia 17,075,200 -0.21% -834 142,431,098
10. Japan 377,835 -0.08% -293 127,002,249
I just list the Top Ten here.
http://www.geohive.com/earth/population_now.aspx
Agreed, over the next 10-15 years the vast majority of middle management positions will be automated. Even senior management will come down to knowing how to operate sohisticated programmes. So THE question for the future is what are all these people going to do?
die?
buy stocks and live off of the dividends
Yes. I don't see the wealthy losing their grip yet; if anything, their grip is tightening. If you can cast your lot in with the top 3%, it's pretty much autopilot. 20 years won't change much; the rich will get richer. They will bid up debt and inflate the payments to draw it out. Empires don't fall overnight. It has been — and could be — decades.
The USA has been in decline for 100 years. As normal, first slowly and then suddenly. I believe we are at the end of our rope and without the benefit of the reserve currency we will be history or more likely radioactive dust.
In Ernest Hemingway’s 'The Sun Also Rises,' one of the main characters is asked how he went bankrupt.
"Two ways," he responds. "Gradually and then suddenly."
It is possible that $300,000 will be minimum wage in 15-20 years. We'll have to wait and see about QE4eva and just what $300,000 might actually buy at that time.
"In USA, anyone can get there and it's pretty common..."
And on what planet are you living?
Anyone with a technical master's degree is starting out at about 120k, anyone with experience is making 150-170k. It's not much, but it's still a better life than most people have had in history.
You get those salaries in CA, NY and those types of places, which means you're middle class. On top of that, how many people are able to get a masters in EE or CS from a top univeristy? That's like saying everyone should get a medical degree and make $250,000 a year. Besides, those jobs will be few and far in between as it's cheaper to outsource or pay H1-B workers 25% of your salary.
So learn something that cannot be outsourced.
"anyone"
as in almost no one because very few can afford the schooling and be smart enough to finish, and the shrinking economy will have even less room to hire such people because the jobs will be in Asia.
Seems like you're deliberately ignoring reality.
Working for the Yankee Dollah. Joke on you, round eye!
https://www.youtube.com/watch?v=9gCXAWCXoNU
The excellent (RIP) Stuart Adamson on guitar.
America land of the depressed and home of the debt slave....
The depressed American is a recent phenomena. It used to be that the one thing foreigners mentioned about Americans was their optimism.
My how things have changed. Express your thanks to your local Wall Streeter when you get the chance.
Nailhead.
And your comment below, regarding the disconnection between merit and reward explains why.
America and the American Dream, was the greatest congruence of effort, ambition and achievement with success, in the history of the world. Most notably, that magnificent and just congruence, was available and accessible to the common man.
It will never be duplicated. Anywhere.
And away we go fuckers!!!!
I could give a shit about China or Europe or Uranus. I got fucking work to do right here. If any of this shit is true, we all do.
And just WTF is this "work" thing you mention??
Shirley you jest..
how many times...
"I could give a shit about China or Europe or Uranus...."
Meaning you won't bother (at the slightest) about UKRAINE either???
Stupid article, stupid chart, and even stupider analysis. Of course it's better if you live in Vietnam and your the young generation making $3 an hour, where your parents were making $3 a day. That'a mighty "relative" comparison you're making.
That's hardly the basis for saying that the Asian model is better than the US model. The youth in Asia are only making $3 an hour, because we shipped our manufacturing there for those very wages.
Yes, the US model is broken, but this stupid Asia vs us comparison is apples and oranges, and don't understand what exactly that proves? Of, you mean if the FED would just get out of the way, we'd have some kind of job rennaisance here in the US...yeah, I've got a bridge to sell you too.
The 'American Dream' has changed into 'get a government check and sit on your butt' -- and Too Many americans are successful!
Well, I would agree that "success" is no longer based on merit in the US.
The rest of your thought is affected by the Wall Street hook in your mouth.
The FSA are getting stuff precisely so they will not riot against WS. WS can operate easier without the noise of the poor.
The Cloward-Piven Strategy redux.
The Red Shield will play in Asia for the next Century to milk them of their new found wealth, only to wait for the West to forget their antics. Just to be repeated and raped again once the new generations have forgotten their game. Rinse and repeat throughout history.
I'm surprised the BLS isn't including the jobs created in asia in their stats. Hillary was right in a twisted way. Those jobs were not created by corporations. Without one government selling out its citizens and the other government selling its citizens the "jobs" would not have been created at all.
It is always rewarding to listen to a Clinton very very carefully because the twisted truth is buried underneath the tortured grammar.
Sorry but anyone preaching USA exceptionalism is sorely misinformed or naive. China has surpassed the USA so completely that there is no way they can be matched.
In ten years people from China will come to the USA and look at Americans the way we look at the Amish.
Thanks to Wall Street's drive to enrich the .1% 100 million Chinese have been brought out of poverty and 100 million Americans have been put in. Sure there is a long way to go for China, but over the next 50 years the population will decline. The global expectations of economic growth have nothing to do with actual growth, but the BS artificial growth of the financial markets that benefits very few people.
I'd take 1% growth if it means stability and a rising living standard for the majority over 10% growth that does nothing but increase the bank accounts of a few thousand members of the tribe. The massive growth reported for China was just a representation of the immense fraud of the US economy. Channel stuffed goods to increase the valutions of US stocks and support the fraudulent IPO market. The death of the US economy would actually benefit China. Instead of focusing on exporting products that become overvalued by at least 70%, the country can focus on creating value for its own people. There is no reason for a bag made in China for $12 to ever sell at Macy's for $120.
I'm sitting in an obscene hotel in Guangzhou right now that cost $60 per night. Visiting amazingly clean factories producing high quality products. For two weeks I have seen a rising city that makes most of the US look like Uganda. The factory dorms are very nice, better than what 90% of New Yorkers live in. The communist era China is being erased. The old buildings are still around, many sitting empty waiting to be demolished. The people are beyond friendly and dress well. Nothing like your average american town of asshole slobs.
Sure there is no Facebook or Google, but I don't see that as a negative. The only major downfall is the pollution, if it can be licked then China will be living in a golden age. The Foxconn stories are a product of Apple's relentless drive to maximize their revenue at the expense of everything else than a problem with China. The sociopath Steve Jobs along with the League of Sociopathic Entrepreneurs running Wall Street are really to blame for horrific working conditions. When the head of a $600 billion company tells you he won't pay more than $60 for a product he will sell for $600, you aren't going to win.
The US economy is a joke. Fuck Apple and start by buying One Plus, Oppo, or any other Chinese manufacturer. You'll actually get a better product and get to give the oligarchs the middle finger. We can only make life better in the US by killing Wall Steet. Problem is from what I've seen in China it is probably too late.
"misinformed or naive".....
Indeed.
America
Tell you what, bud.
You work in one of those factories for a month and sleep in the company dormitory, then you can yap all you want about what a great place China is.
Also, I wonder what the difference is between the "sociopath" Steve Jobs using Chinese slave labor to manufacture goods for export and, well, you. Isn't that what you're there for?
You're being very unfair to America and Americans and you're too indulgent of China. The underlying trend is of course in the direction you state but there is immense poverty and deprivation outside the main urban areas in China.
Fact is the openness and naivety of Americans has lead to that country being hijacked by an internationalist financial elite who have destroyed the country's industrial base and ethnic cohesion. Sadly there's no way back IMO.
One more thing: https://www.flickr.com/photos/ossiehermosisima/
Thinking out loud?, while history dictates... or better said, 'jarre'd' my lethargic memory into reality[.]
Population:: China [1960] ~667mil. / 2013 ~1.354 billion // 2x increase
Population:: USSA [1960] ~182 mil. / 2013 ~316 million // ~44% increase *( Hispanic/ Latino Amnesty?)
The USSA (2013) represents ~5% of the world's population but[t] consumes ~25% of the world's resouces? Quite the dilemma... but[t] is it real[ity]ly in all truth, oar, just the USSA Corporate Globalist changing of the guard`landscape?
Now think of the inverse about to happen in 3-5 years maximum?, the transmogrification where China demands 25%-50% of the planets resources [energy, energy, energy] with ~ 13% of it's population? Sounds proportional`listic!!!
The *Ahdname is another name for capitulation formally made famous in the Ottoman Empire, esp. in the mid 19th c. and up until their[? WWI], having sided with Germany, after France and England stuck it up their economic a-hole?!?
The reason I'm mentioning the sick-man [singular?]-of europe at the tyme was Turkey (Ottoman Empire) is the very fact today,... the entirety of Europe is the[A] sick 'Family! of today? Think of the EU as the Turkish Ottoman Empire of long ago[.]
China is the perfect fit for a USSA capitulation. Afterall the USSA lobbyist have been telegraphing since Nixon visit that we're ready to sacrifice our 'free-market capitalist system' for a communist/socialist/marxist semi-democracy??? Think of all the years of transmissions regarding Int'l. Commerce & Trade and how the shoe[?] of Americana Business fits China's economic policy`print, step-bye-step... like a velvet`glove without feeling, throughout the years of misrepresentation/ deception. Where the rule of law writ... is lost in interpretation of the TBTF's and PTB?
Funny, nobody cares that China is communist, yet were so distraught over Russia being a communist threat?
America wants Russia out of the mix, and will go to war to prevent their marriage with China from ever happening while the Corporalist Globalist USSA's PTB, Companies set up a home-shopping network physically/ permanently in China using the ole 'Capitulation' trade agreement that eventually will destroy them from within as the same poison-pill the Ottoman's and the Middle-East freely swollowed?
But[t] can the USSA outsmart our country's population into accepting these or those... 'Term[inated?]'s of Endearment' with a seemless-yoke of gratitude that their very future depends upon their capitulation to a yuan long ago detine'd by our glorious laeders, the infamous '5'--- Obama, Bush #43, Clinton, Bush #41, and Reagan the acting President.
Just imagine if Hillary (The Gov't Create's all the Jobs for the Business Roundtable and I support Lobbyist, whom Support the Globalist USSA Corporalist... indeed, what she said is so fuck'd-up-side-down) wins in 2016? We'll all wish we could move to Russia... with Snowden or Brazil?
jmo
http://en.wikipedia.org/wiki/Ahidn%C3%A2me
Two hundred years ago China was the richest country in the world with the highest GDP per capita. Now we are talking mean regression. I suggest you get rid of your US-centric worldview.
200 hundred years ago the Qing Dynasty was failing, and as history teaches us the failure of a society takes decades upon decades to finally fail. it doesn't happen overnite.
a century+ score ago the Qing Dynasty imploded and it took a century plus to bring about china today.
Ps. The Nationalist that Marshall tried his best to stay in power in 1945 our now running the show from Taiwan?
Prove me wrong....
deleted
"Per Capita" 2013
US 45863.
CHINA 3583.
45863/3583 = 12.8 CHINESE TO = 1 AMERICAN
=
CHINA WOULD HAVE TO BECOME THE ENTIRE WORLD ECONOMY ALL BY THEMSELVES JUST TO EQUAL US PRODUCTIVITY =
Res Judicata
Mathematics Defy Ignorance and Arrogance.....
Because China hasn't engaged in multi-trillion dollar perpectual foreign war efforts yet.
The US productivity numbers strain credibility: not only is production in high-tech massively coming from Asia but debt for America should always be subtracted from productivity. Always.
Where did you get that statistic? It's not accurate,
"TTIP’s biggest threat to society is its inherent assault on democracy. One of the main aims of TTIP is the introduction of Investor-State Dispute Settlements (ISDS), which allow companies to sue governments if those governments’ policies cause a loss of profits. In effect it means unelected transnational corporations can dictate the policies of democratically elected governments."
"Ultra Vires" is but one of a Bedrock Foundation of American Jurisprudence..........
TTIP, and other Constructs like them, mean absolutely nothing;
All Actions are Pursuant to US Law.
Article III:
The judicial power shall extend to all cases, in law and equity, arising under this Constitution, the laws of the United States, and treaties made, or which shall be made, under their authority;--to all cases affecting ambassadors, other public ministers and consuls;
The US has a rock solid Body of Supreme Court Jurisprudence....
Stare Decisis another of the Bedrock....
The Executive Branch even with the "Imperial Presidency" has not and Will Not overcome the Checks and Balances...
American Jurisprudence is one of our Greatest Strengths......
"The Law Protects the Vigilant Before He Who Sleeps on His Rights"....
Be that an Individual or Corporation....
Ignorance is a Choice, Most Especially in America.
Thanks Government. Please continue to create those "jobs" for us.
Many Asians feel that they are more evolved than caucasians.I know an asian woman working in I.T who believes this based upon the fact that caucasians have more body hair than asians so are obviously further down the evolutionary tree.
The American Dream is to be able to build a ponzi fraud with no accountability so one could steal from everyone with absolute impunity.
Hey, it's easy! Buy some politicians to pave the way!
The US captured technology from Germany after 1945 and donated technology to Japan like the transistor. Its corporations outsourced consumer electronics to feed consumerism in the US - look at how the Japan Victor Company, RCA's old sub became a sub of Matsushita as JVC. Look at how RCA outsourced production of colour TV and VCRs.
GE took out RCA to focus on weapons systems and gained its broadcast unit NBC. How did the US let corporations like Disney and GE take control - at least RCA build the radio business in the US.
Asia is at war with the West - just because Westerners have forgotten what they did to Asians doesn't erase memories out there. The casual way Westerners invade, bomb, colonise and humiliate is not forgotten - the casualness is what really gets the vengeance machine revving
Yes, at the end of WW2 all existing legally registered German patents were simply stolen by the USA. Just like that...to the victor the spoils. They also brought all of their top scientists over and since then brought over their gold as well, That Germany has prospered so much since then is an amazing reflection on an amazing people.
There are booming, stagnating, and busting econmies. Today, most stagnating economies are simply paper-supported, but are actually shrinking in real terms (most of the Western economies).
Many Asian students will work in the US after their parents or governments paid of the tuition. So they will be making many times their poor families.
maybe they should ask Democrat voters....or just Washington Politicans....or Wall Street parents...I am sure they would get a better answer
China and Germany recently banned toxic GMO food imports. American's have been eating the poison in 70% of grocery store items since 1996. American's don't have a clue how they have been toxically injured and handicaopped.
No wonder we can't compete globally. We've been chemically dumbed down by our hidden EU Organized Criime rulers through their Jesuit, Masonic and Zionists agents.
Americans are an extinct species and aren't going to know what hit them when TSHTF.
The trouble with Asia is that they're funding the corruption through their massive unnecessary purchases of US Treasuries.
Let them create another world reserve currency. As long as the Clintonites are in power- sorry. Removal of Glass Stegall validates the need for foreign governments to get out of US Treasuries. http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter...
http://www.skadden.com/news-events/subprime-class-action-claims-dismisse...
The US government can't have the Federal Reserve print anything without loans to the US financial sector. (mind you, quantitative easing in Great Britain back in the day didn't happen unless the French was loaning the Bank of England gold.)
We have nothing in the US PRIVATE SECTOR backed investment vehicles to finance actual growth.
http://world.bymap.org/Investments.html
Asians are very good for investments, letting them invest in the US backed private financial sector would benefit our economy AND prevent another ASEAN financial crisis (caused by overinvestments).
It's too bad that Bill Clinton PURPOSELY failed to get China to remove it's barrier to the US financial sector during the Multilateral Investment Agreement in 1995 between the US and China (refereed by useless India and Malaysia).
Hillary Clinton just recently validated my insight with her interesting verbage on free markets: "Hillary has stated when she ran the White House before regarding her idea of healthcare, ***“We can’t afford to have that money go to the private sector. The money has to go to the federal government because the federal government will spend that money better than the private sector will spend it.”**** "
"She made no bones about her distrust of the free market system, or her lack of confidence in the prudent rationality of average Americans. She simply did not believe that a largely unfettered private sector could provide adequate health care at affordable prices."http://spectator.org/articles/56822/health-has-no-fury
The government allowed the SUBSIDIZED "private sector" in healthcare to violate the AMA Code of Ethics. In the same way that Wendy Gramm, Larry Summers, Robert Rubin and Judge Levine used the CFTC to block good cases against the subprime dealers by affluent investors. Where is our power? Our courts don't even abide by public sentiment with our tax dollars.
********************
The CLintons, Bush and Obama Administrations failed us, and probably on purpose for an unconstitutional power grab.
Whoever gets the delegate votes absolutely has to get a clue of how the US is going to recover without bribing Nazis in Ukraine, or starting more wars and antagonizing trade partners and allies.
This krap has GOT to stop! I'm sorry, both China and Japan will be financing this without our repayment because we did NOT say this was okay and they took a risk in lending. If they REALLY wanted to depreciate their currencies, the US risk will bankrupt them. That was THEIR fault.
THEY had a choice. I did not.
They CAN buy their own government bonds. They don't have foreign countries leveraging abuse of power over them like they did to us.
The Nixons, the Clintons, the Bushes, the Obamas and every last baby boomer voting and fiscal majority gave them that power.
We never surrendered it, it was never ours to surrender it with.
I'm the exploitated product of biculturalism (Between the eastern and western hemisphere). "Hapas" are hated because we know too much.
Did you not hear about the 'dutiful" Asian wives sending their money to their families in "third world countries" to gamble it away on? Did you not hear about the Ching Chongs who gambled away other people's assets? It's true. The inferiority complex, arrogance, obesity, nasty meth addiction and theft are "American" attributes they CHOSE to adopt. The better ones are in the library studying or getting stabbed by USC by some paid off blockbusting scheming latinos.
This does a HUGE disservice to those who diligently worked very hard in school and work to climb the social ladder, creating at least a middle class lifestyle for themselves.
This is exactly what I did until the US government elected by kleptocratic house flipping racist baby boomer narcissistic ideologues ruined it for me. They ruined it by making it literally impossible for people to fend for ourselves. Brains and hard work are really the only and best way to escape hardship but the um...threatened boomer kleptocracy disagrees.
There are some idiots spreading around some notion that Americans have a vast unlimited supply of money. Yes graduates of USC who worked for Big Four Accounting firms that did the technicalities to determine which banks are worth saving with TARP- they are stupid enough to be gullible enough to believe that all American households have unlimited vast supply of credit and money to give away. No I don't think USC is a top tier university, Cal Tech is. Cal Tech doesn't discriminate-that's why.
We have to be assertive about this.
The Asians who were fortunate enough to get a Visa to travel through the U.S. were able to see what the U.S. was really like and have made much more level headed, REALISTIC assumptions on how the US is positioned in the globe (ie. we can't keep buying things from the world under these circumstances... )
The Asians SHOULD be our asset and ally to help us out of this mess. Many are smart and level headed enough to see what's going on here.
Look at the big picture- it depends on how we use them. We've got tech, math, intuition, information (FUNDAMENTALS), education (math, sciences, business finance, language), food, water, cars, etc. We ARE competative- it's a matter of quality. There's NO reason why the younger generation has to accept the US position in the global markets on these terms...nor should we ever be forced to.
Who decided that we bail otu the banks and have the highest capital gains tax in the world with the world's most anemic stock exchanges? It wasn't me. Whoever set up these taxes, and the 10.8% state tax on finance corporations in California really wanted to force government control on us.
The trouble with government control as Mao and Pol Pot found out is that narcissistic ideologues and narcissistic control freaks are very dangerous people. Nazis are no better, race isn't quality because quality is a concious choice we make every day.
It wasn't the $50/hour salaries that screwed up the car makers in Detroit- it was them playing cards when they were supposed to be working. The consumers needed reliable transportation-what were they to do?
There is a way out. Americans unfortunately have a way of "wanting" the racism, the theft, the negativity.... these things haven't work. We need to move on.
pew = shit