6 Money Lessons of the Great Recession

I forgot to mention that after I got my independence, I did just what the first poster suggested. I started learning how to speak Mandarin Chinese and moved to Shanghai. But my language skills are not so good so I'm coming back. Everybody talks about the Chinese doing so well, and they are, but it isn't anywhere near as good as you see in the press. I've lived here for four years now. The growth is amazing. It really is. And a big Thank You goes to the United States and Target and Wal-Mart for financing it. All those bargains you are buying are fueling the growth in China. And with those excess dollars, they are loaning the money back to Obama and his crew to spend the United States into bankruptcy. So, the next time you go to Wal-Mart, remember that you are directly sponsoring the Chinese government and the amazing wonders of construction everywhere. You would not believe it if you never came to China. You can take 15 San Francisco cities and put them together and you might have a Shanghai equivalent. But this is just one city; you go to any city and it is the same. They have a brand new highway system that makes America look like extinct dilapidated roads. The cities are all being torn down and rebuilt. Their cities are new, not old anymore. But their masses are still very poor compared to America. On the other hand, the rich are really rich here. I saw a brand new Lamborghini on the street the other day. It is just like America; the rich are getting richer and the poor are still poor. The conditions of wealth are analogous to sixty years ago when Chairman Mao took charge.

So keep going to Wal-Mart and Target and K-Mart to help the Chinese continue their amazing rebirth. They will take over the United States without a shot being fired. Let’s see, the United States total net worth is about 64 trillion dollars and Obama and his predecessor have racked up about 12 trillion in debt so far, not to even mention the theft of the Social Security fund and Medicare. And the national debt is accelerating like never before. Somebody please stop spending the United States into bankruptcy!!! I sort of like living in the United States. It’s my home.

Shanghaied of CA 8:51AM August 31, 2009

you all live in your own bubble there is 67,500 case,s of malnuitrition in america since bush jrs attack on the trade center and troops sent to iraq,and afganistan. america is blind, stupid, and sheeple. its nazi money and bankers right here in america, ford, Gm, the rockafellers, wall street. you all have been duped out of your 401k. you fools.

james garrett of CA 6:54PM August 28, 2009

To me the most obvious lesson is DO NO TRUST YOUR GOVERNMENT! Much of what has happened is traceable to the federal government's policy decision and their lack of appropriate control over the financial markets. We the people continue to elect politicians who make bad economic decisions that impact everyone's life. We the people fail to hold our politicians accountable for their actions.

If the American public values what our country has been and represents, then we ow it to our children and grandchildren to educate ourselves about the consequences of public policy and governmental action. We must demand better performance from our elected representatives or throw them out of office.

The US is rapidly approaching the point where we will not be able to salvage our economy and way of life. We are responsible for allowing it to slip away mostly do to greed.

The American public must wake up and change the way we manage our government. Or, learn to speak Chinese.

James Bower of WA 3:21PM August 14, 2009