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Message Subject: Economy down, but crank baits just keep going up?

RedNeckTech

Posted 3/13/2009 6:41 PM (#78948 - in reply to #78943)
Subject: Re: Economy down, but crank baits just keep going up?

Member

Posts: 319

The reality is America has a communist nation (China) warning the Obama administration not to be doing what it appears they are doing. We have China telling us to be more capitalist. I personally do not want the country going in the direction it seems to be heading but I'm just hanging on for dear life until the ride is over.

terroreyes

Posted 3/13/2009 6:52 PM (#78949 - in reply to #78948)
Subject: Re: Economy down, but crank baits just keep going up?

Member

Posts: 300

Location: Lincoln Park, Mi

Yeah, but think about it. WE built China by letting them exploit our currency because they held so much debt, but now the gigs up and the playing field is leveled and moving to where it should be, and now they're pissed. TOOOOOOOOOO BAAAADDDD!

Edited by terroreyes 3/13/2009 6:53 PM

RedNeckTech

Posted 3/13/2009 7:43 PM (#78950 - in reply to #78949)
Subject: Re: Economy down, but crank baits just keep going up?

Member

Posts: 319

I don't consider the dollar deflating towards the value of the yen a move forward for us. China holds most of our debt and expects a good return on that money, if that return is worth a lot less than they expect it screws us more than it screws China.

thumper

Posted 3/16/2009 11:44 AM (#79039 - in reply to #78950)
Subject: Re: Economy down, but crank baits just keep going up?

Member

Posts: 744

What's up, Barack? At least wait a bit until your campaign promises aren't so fresh in my mind before you betray me...I thought you were different?

WASHINGTON, March 15 (UPI) -- The Obama administration may support a move to tax employee health benefits as a way to finance an overhaul of the U.S. healthcare system, sources say.

Support for the idea would represent a turnabout for President Barack Obama, who last year criticized Republican presidential nominee Sen. John McCain of Arizona when he floated a similar idea, calling it "the largest middle-class tax increase in history," The New York Times (NYSE:NYT) reported Sunday.

BTW, what they mean by "finance an overhaul" is taxing those with healthcare benefits to pay for those without.

whole story:

http://www.upi.com/Top_News/2009/03/15/Obama_may_back_taxing_health_benefits/UPI-99061237120596/

Edited by thumper 3/16/2009 11:45 AM

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