Of course he's a Democrat. He'll never survive Iowa. I wonder if he thinks he can actually win the nomination or if he has his same old agenda - self-promotion.
Spending is not the issue, it is a symptom of a much larger, global problem that is now the elephant in the room in US political discourse. There is no good way out of our current predicament. We can't just dial back spending and fix the economy. I believe that globalization is going to continue to accelerate and further hollow out the middle class. Cutting spending, especially focused on social programs for the poor rather than retirement benefits for the elderly, risks creating a society stratified into a relatively well-off retired population and an increasingly desperate young working population. And that's a recipe for a revolution. Which is why so much effort is now being focused on saving the current system, even though it is clearly broken. I'm now thinking that we're in Libya because of currency. Gaddahfi was talking about creating a gold-backed dinar among oil producers and Muslim nations that would be the only currency they traded oil for. Remember, we're locked in a symbiont system with the oil producers and other producer nations of the world. It all works through and because of the dollar. But the dollar has been under sustained assault by China and other nations through exchange rate manipulation. Seen in this light TARP, QE/QE2, and the stimulus are all just attempts by the US to correct the imbalance by depressing the value of the dollar in an attempt to offset currency manipulation by China, et al. Or consider it a different way. What do we consider the US economy? Is it all the economic activity inside the US? I tend to think of the "US" economy as all transactions conducted in US dollars, or the extended US economy to include value chains like manufacturers in China and service providers in India who sell into the US market. Expanding the money supply to cover this larger definition of the economy provides an explanation about why we can run deficits and print money. The whole system is just too fragile and too many self-interested parties are assaulting it at a structural level. That's why it's ultimately going to fail. On Thu, Apr 28, 2011 at 1:41 PM, Sam <sammyc...@gmail.com> wrote: > > You do realize Trump is a Democrat? > > The issue is the spending and everyone want's to pretend it's something else. > > It's all smoke and mirrors to get you to not look at the real economic > numbers. > > . ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:337155 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
