10 dumbest moments in business 2009

[mr. compassionate]

Originally Posted by Mr Beaver

I am sure President Obama has made mistakes, but in regards to the current economic impact they pale in comparison to the blundering of the last Administration and Congress.

But I am glad to see that all the right wingers have decided to come out of their bomb shelters for July 4th weekend.

Don't even try and compare the two administrations. Bush was a staunch fiscal conservative in comparison. Were the Chinese, Japs and Brazilians worried of US debt defaults up until the last 5 months.

[DurangoSteve]

Originally Posted by mr. compassionate

Don't even try and compare the two administrations. Bush was a staunch fiscal conservative in comparison. Were the Chinese, Japs and Brazilians worried of US debt defaults up until the last 5 months.

Japs? C'mon, that's pretty neanderthal, even by your "standards."

Take a look at this chart and tell me that our foreign creditors just got nervous about default. I need a laugh.

http://www.treas.gov/tic/mfh.txt

[gh]

Its just sad that Bush put us in this recession and somehow you guys work hard to pin this on Obama. Stick with the one or two issues you had when he was elected and you will do better....but oh wait, you still have a gun? They havent pried it from your cold dead fingers yet? Give me a break. You hated Obama from day one so it is VERY surprising that you will spend his entire administration picking holes.

[mr. compassionate]

Originally Posted by gh

Its just sad that Bush put us in this recession and somehow you guys work hard to pin this on Obama. Stick with the one or two issues you had when he was elected and you will do better....but oh wait, you still have a gun? They havent pried it from your cold dead fingers yet? Give me a break. You hated Obama from day one so it is VERY surprising that you will spend his entire administration picking holes.

I don't hate, that's bad for you, I strongly dislike Obama's beliefs.

[mr. compassionate]

Originally Posted by DurangoSteve

Japs? C'mon, that's pretty neanderthal, even by your "standards."

Take a look at this chart and tell me that our foreign creditors just got nervous about default. I need a laugh.

http://www.treas.gov/tic/mfh.txt

Dsteve, if you actually new anything about international financing you'd know that they, yes the Japs, Ruskies, Chinks and Brazilians(can't think of a moniker that might offend you) have all met and are concerned with the US debt load and are looking for alternatives to t-bills. Several weeks ago in China when the question was posed to Geitner-"are US Securities a safe investment". He replied "absolutely" and the crowd laughed in his face.

[caspermike]

mr. c makes a good point.... the chinese students get the picture but we sure the fuck don't.

more painting of flowers in the dead of winter.... have a good weekend mr. c. and the rest of you obamaites and antigoverment anarchicists. lets party it up like we still have an America left.

[DurangoSteve]

Originally Posted by mr. compassionate

Dsteve, if you actually new anything about international financing you'd know that they, yes the Japs, Ruskies, Chinks and Brazilians(can't think of a moniker that might offend you) have all met and are concerned with the US debt load and are looking for alternatives to t-bills. Several weeks ago in China when the question was posed to Geitner-"are US Securities a safe investment". He replied "absolutely" and the crowd laughed in his face.

If I "new" anything?

Of course they're concerned. They should be. We should be. But to act like their concern just happened is truly and totally laughable. Read the chart I linked in my previous post. Pay attention to the numbers and the dates. And then tell me that this creditor concern is new.

[mr. compassionate]

Originally Posted by DurangoSteve

If I "new" anything?

Of course they're concerned. They should be. We should be. But to act like their concern just happened is truly and totally laughable. Read the chart I linked in my previous post. Pay attention to the numbers and the dates. And then tell me that this creditor concern is new.

Brilliant Steve, you caught my typo of missing a K, this really bolsters your argument...brilliant!

[DurangoSteve]

Mr. C, pointing out the typo just made your silly claim that I know nothing about intl finance all the more amusing. My "arguement" is simply that our intl creditors have had reason for concern for a long time. It's nothing new. It's certainly nothing specific to the Obama administration, but a trend that's been accelerating rapidly since W took office. At the risk of badgering you, please take a look at that chart I referenced. The numbers and dates don't lie. They absolutely bolster my position and decimate yours.

I grudgingly give the Chinese credit for their strategy of buying up our debt. It gives them a huge lever against us. We were foolish to allow that to happen.

[bluesky]

Silence is a most grudging agreement.

And I would gladly have massive spending on social programs with tax increases to cover the increased costs before I would have massive spending on wars and defense without any sources of revenue to cover the costs. I guess the former is bleeding-heart and the latter is "fiscal conservative."

And it frustrates me that so much of the gov't spending under Obama so far has gone to industry giants.