What’s Up With My Economy?

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America $53 trillion in the hole and ther ain't no one tat knows how to pay the printer to stop printing and no one in D. C. tat has the ba!!s to say....STOP DIGGIN'. Both, Michael Hodges and Thomas D. Schauf seen it comin' years ago but the American people wus to busy buyin' cigarettes, beer and lotto tickets to care. Well, you get what you pay for and ...
People in America need to realize jus what got America in this shape..."cheap" yes so-call cheap items from a foreign land and now the largest company in America wants to make everything "green" but at the same time they put 95% made in China in their stores in China and support Chinese export...don't take my word...its on their China web page quote*Wal-Mart firmly believes in local procurement. We recognize that by purchasing quality products, we can generate more job opportunities, support local manufacturing and boost economic development. Over 95% of the merchandise in our stores in China is sourced locally. We have established partnerships with nearly 20,000 suppliers in China. *end quote!
Now! if there be 182 country's making items for the world to buy and they have only 5% of the pie in China...duh! This company makes the nice people of China support their currency(yuan) by keeping it in their country working for the people there.... but with the "yuan" going up in value and the US dollar going down...all the foreign items that the American consumer buys thinking it is cheap has went up in price.
People...its all about the currency and to keep a currency strong you got to keep it floating around the country you live in so it can work for you. For the past 12 years all them US dollars are being shipped overseas to a foreign bank and with the American worker not making anything for the foreigner to buy the "we the people" have to turn to the "second" largest employer in America(Uncle Sam) to sell "we the people" debt in order to get all them dollars back!
50 years ago a foreigner would had given their left nut for a US dollar or a Hershey's chocolate bar and today the same foreigner has got Uncle Sam and the American consumer by both all the while Hershey is moving the chocolate factory to Mexico. Wake up! America and think "MADE IN AMERICA"

madmilker of TX 10:09AM October 12, 2008

Wall Street expects Federal Reserve policy-makers to cut interest rates next Tuesday that helps to ease a global credit crunch.Its anticipated event that is why we can see stock prices higher this week and could boost them next week too.

Madhuri Gidugu of OH 10:45AM October 09, 2008

the economy has been a drag since our president was known as the devil.

julinana romirece of CA 5:15PM October 08, 2008

The pundits have said that SAVERS should just invest in the stock market. How's that workin' out?

of 3:54PM October 08, 2008

Does anyone think seriously about why we do not nationally save more? Have we forgotten that interest paid to depositors must be at a rate high enough to sensibly counter structural inflation?
Consider that the Japanese have had very low rates for a long time and their economy has been stalled for a decade or more.
There is such a thing as rates too low. We were there after 9/11 and for too long. In many ways that contributed to the current crisis. Yeah, yeah, we need stimulus. We also need rates that can actually attract savers.

of 3:52PM October 08, 2008