Obama Clueless On Economy...

Do you think condemning the inflation blubbering as a conspiracy theory is consistent with a 'yes'? Catch up!

 

It's all economic fascism, there's nothing even remotely capitalistic about it.

 

'Economic fascism' is typically a made-up expression. Fascism leads to an 'economics, by mistake not design'. There's also no reason that fascism cannot go hand in hand with capitalism. Remember that fascism did achieve a redistribution of rent from labour to capital

 

Bama has a strong background in civil rights and he is one master politician from one of the most corrupt State politics.
Economy is very different from the investment market as we have seen in the past 12 years. As markets stay high while the economy is down.

Over all the group in congress and the senate play a more significant roll in the economy than the president. They are the ones that need to come up with the plans and the policies to manage the economy. The president is only one of the deciders when it comes to making the final go. But the president is the one who takes the blame if nothing gets done. And this congress has a perfect record of doing nothing.

But true, Bama is not well educated in economics. His policy proposal is too short sighted and of the civilrights new deal era, which will not work in modern day. Times have changed since WWII, there is no real need to spend trillions on wars. Majority of the planet is at peace and they are prgressing and growing economically well. The future of the US economy lies with our neighbors not half way across the globe. But with troubles in the USA, we will not be able to target markets as close as Mexico, Canada, and the greater South Americas. That is where Asian countries have been established and are building stronger trade and commerce interconnections of resources and goods.

The days of when US foregin aid coud buy access for corporations has been nullified to a few countries and for less access. If the USA and Bama want to get the USA out of the ditch or off the peak, they need to think of plans for outside the USA, and for more access in other countries.

The migration outward will be the trend in about 6 to 10 years. that is because the USA has no ablity to compete with the rest of the world as the products we produce are burdened with high capital overhead. And other countries can produce the same product for less and still make more in profit.

 

I agree, this is true. For the past 12 years the USA has been indulging in fascism in the middle east and didn't even know it. Now, other potential trade countries in South America and Asia are trying to distance themselves from the USA for that reason. As they do not want to create enemies with religious groups. They are being polite about it, but they see no economic benifit to get involved with a USA that is hated by their potential future trade partners. After all wars cost money and creates many problems for trade and access for trade.

While the USA has been in Afganistan and Iraq for the past 10 years dealing with ongoing conflicts and adversarial forigen policy there, South America and a lot of Asian countries have been peacefully building strong trade realtionships, growing faster than ever before. Now their growth outlook is good.

Time for the USA to start up a better forigen policy with it's neighbors before Asia capitalizes on the opportunity to dominate it.

 

US has been quite active in pursuing preferential trade agreements. I suppose the issue is the extent that its genuinely about 'building strong trade relationships'. There are two problems: First, a reaction to preferential trade agreements elsewhere (e.g. concerns over hegemony and the rise of regional trade blocs elsewhere). Second, concerns over decoupling (with a reduction in US relative importance encouraging more aggressive behaviour, with those trade agreements skewed in favour of the US elite)