Tuesday, November 23, 2010
Image via WikipediaAll people who fly should be treated equally under the law. If you're a fat cat celebrity, businessman or politician flying in private jets, you ought to have the same groping or ionization options as the rest of us.
Maybe then the government would stop this nonsense.
Saturday, November 20, 2010
Friday, November 12, 2010
Image via WikipediaIn a speech today, Obama urged the Asian countries to buy more US products. "One of the important lessons the economic crisis taught us is the limits of depending primarily on American consumers and Asian exports to drive economic growth."
As if its the selling of products to Americans that's the problem and not the massive borrowing the US has been doing.
All the speeches in the world will not resolve US trade imbalances. Imports will ALWAYS be greater than exports when a country consumes MORE than it produces. When you borrow trillions and subsidize consumer borrowing by keeping interest rates abnormally low, imports HAVE to go way up. You're borrowing the LABOR of others; it has to be delivered somehow. That means someone in some other country is working to produce something. Borrowing creates jobs alright. Just not for the borrower.