Friday, September 11, 2009

FIRST SHOT FIRED?

The Obama administration will put steep import duties on Chinese passenger and light truck tires, responding to what the U.S. International Trade Commission determined to be a surge of Chinese tire exports that has rocked the domestic U.S. tire industry and displaced thousands of jobs.http://online.wsj.com/article/SB125271824237605479.html?mod=djemalertNEWS

TRust me, all kinds of shit coming from China (OH, have they turned Capitalist?) is subsidized...manipulation of currency alone has screwed us.....Trade wars and this sort of thing helped lead America to the great Depression. "FREE" trade helped to grow economies...protectionism no...even if valid complaint.

It has gotten so US Factories just...well make MORE MONEY being re-sellers...it's all about the BUCK and if someone else will do it first and sell cheaper...you lose anyways so join in the cheap labor sell-a-thon.

ROCK N HARD PLACE.....JUST as the US loses 7 MILLION TAX PAYERS....the US GOV goes on an all out spending spree...even desiring to hire 250,000 new GOV workers....put in app soon....no one else is hiring

IF we poured TRILLIONS into banking system...hey maybe its just me, but WE GOT SCREWED...not much BANG FOR THE BUCK....and why wouldn't Banks tighten lending standards.

WHO HAS BEEN INDICTED OVER THIS BANK FIASCO? WHERE was the oversight, where waas the SEC, where was Sec Treasury, where was the FED, or anyone? did they just look other way because....

BIG BANKS got us in trouble, but they are untouchable....WHY SO BIG? WHY $100 TRILLION in derivitive contracts.....why do they need to make and take bets on whether we'll get hit by an asteroid? WHY NO CHANGES from the CHANGE CROWD?

WHY NO TORT reform in health bill?

AGing population can't retire...gov cant pay for SS or MC.....elders will want to SAVE more to make up for no SS increases....loss of living std...loss of home value...loss of retirement funds.

7 million workers shy....I'm sure retailers will BEAT expectations.

BANKS HIDING LOSSES with loss of mark to mkt rule...so its all a LIE a BIG LIE. WHAT to believe....I'll keep looking for you!

D

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