Comments on: Liu Mingkang Provides Sense on Cents

By: John Smith

John Smith — Wed, 18 Nov 2009 09:52:50 +0000

The Chinese had to increase their money supply by 29 percent to keep up with the dollar. That is creating problems in their own markets. But since Obama told them to increase the value of the yuan they will not increase it.

By: elaine

elaine — Wed, 18 Nov 2009 06:43:13 +0000

The more I think about it why am I beating up on China because they have an historical pattern of nationalizing assets, here the gov will just tax whatever assets it chooses & in that sense take control. Ownership vs control really isn’t much difference. Something very odd is happening, isn’t it? The talking heads claim the recent run-up is lacking in fundamentals & only rages on because of the weak dollar, this is probably true with equities but I don’t get how this argument works with commodities…take rice for example, there really is a shortage due to drought…gold, some of the miners are already cutting back to preserve value. This carry trade must just have to do with currency. It’s really a fascinating game too bad it can mess up so many people’s lives.

By: Galt goes to Hollywood

Galt goes to Hollywood — Wed, 18 Nov 2009 05:18:51 +0000

Please excuse FF, she/he tends to spend many hours in an alternate universe where Obama did indeed build her/him a garage and placed in it a most special pink unicorn that only the two of them can see and share.

By: MrMike

MrMike — Wed, 18 Nov 2009 05:12:19 +0000

What interview did FF listen to?
While she did answer the questions with the same bromides any republican would use she did a good job of it.
If the GOP wold have found her a speech writer of the same caliber as a certain cardboard cutout groper, it might be the Palin family in the Observatory building.

By: elaine

elaine — Wed, 18 Nov 2009 02:40:07 +0000

What’s up with this “carry trade” argument & it creating a bubble in China? Who exactly is borrowing cheap money here & then buying what in China? Are fat cats actually going to banks & saying I want to borrow a few million dollars to invest in China? Knowing that China could nationalize any investment any time they want.

By: Patience

Patience — Wed, 18 Nov 2009 02:39:25 +0000

I think you’re onto something Docelder.

We can’t even BUY [much that's] AMERICAN even if we want to now. We’ll have to wait until we’re Third Worldean enough for the corporatists’ bottom line.

By: Peggy Sue

Peggy Sue — Wed, 18 Nov 2009 01:01:06 +0000

Because we’ve [Dems and Repugs] made pact with the Devil. And any kind of moral, let alone fiscal responsibility has been flushed down the toilet.

What is thirty pieces of silver worth these days? Dare we ask? Did the citizens of Rome ask? Or wonder in the aftermath.

What we’re losing is incalculable. You won’t find it on a balance sheet or in the daily stock market quotes.

What we’re losing is everything. Wake up, America!

By: jbjd

jbjd — Tue, 17 Nov 2009 23:47:12 +0000

…because Elizabeth Warren (and Brooksley Born and HRC…) is a woman.

By: Ellen D

Ellen D — Tue, 17 Nov 2009 23:34:19 +0000

Here is the latest from Elizabeth Warren:

“…The old rules of regulation just literally don’t work anymore. Because now we’re under this giant shadow of implicit and explicit government guarantees … we said in effect … we will throw as many taxpayers as we need to throw under the bus to keep your business functionally operational in the way that it was functionally operational before without a cost to you personally, and to your shareholders personally. That’s a whole new world.”

Why, oh why do we have Geithner?

By: Peggy Sue

Peggy Sue — Tue, 17 Nov 2009 23:22:00 +0000

This is the art [poorly performed] of misdirection.

FF says:

“I don’t think we need to worry about what they [China] have to say yet.”

What don’t you get, FF?

China owns us right now. And in this weird dance to oblivion, we own them, too.

And you want to misdirect the conversation to Sarah Palin?

What frigging drugs are you on?

If you’re on the Obamatron payroll, you’re not very effective. If you worked for me, you’d be fired. Yesterday!

Take your sorry ass and look at the evidence right before your eyes. We’re being sold out. It doesn’t matter if you’re Democratic or Republican. We’ve been betrayed. By both parties.

Get with the program. Or stop posting the sad, extinct partisan drivel.

Because that’s what it is. Extinct.

By: Galt goes to Hollywood

Galt goes to Hollywood — Tue, 17 Nov 2009 23:13:31 +0000

Already right there with ya. I’m tired of the shallow transparent obvious diversions. If that’s the best they have to offer it speaks volumes as to how credible their choice in “leaders” was.

By: breeze

breeze — Tue, 17 Nov 2009 23:04:49 +0000

SOMEBODY PLEASE RESCUE MY POST!!!

IT IS IMPORTANT:

“WHAT CHINA THINKS OF U.S. HEALTHCARE REFORM”

By: breeze

breeze — Tue, 17 Nov 2009 23:02:43 +0000

CHINA QUESTIONS COSTS OF U.S. HEALTHCARE REFORM

James Pethokoukis
Reuters
Nov. 16, 2009

Guess what? It turns out the Chinese are kind of curious about how President Barack Obama’s healthcare reform plans would impact America’s huge fiscal deficit. Government officials are using his Asian trip as an opportunity to ask the White House questions. Detailed questions.

Boilerplate assurances that America won’t default on its debt or inflate the shortfall away are apparently not cutting it. Nor should they, when one owns nearly $2 trillion in assets denominated in the currency of a country about to double its national debt over the next decade.

Nothing happening in Washington today should give Beijing any comfort or confidence about what may happen tomorrow. Healthcare reform was originally promoted as a way to “bend the curve” on escalating entitlement costs, the major part of which is financing Medicare and Medicaid. That is looking more and more like an overpromised deliverable.

For instance, a new study from the U.S. government’s Centers for Medicare and Medicaid Services finds that the healthcare reform bill recently passed in the House of Representatives would increase healthcare spending to 21.3 percent of GDP by 2019 compared with 20.8 percent under current law. That’s bending the curve the wrong way. The study also questions the “long-term viability” of the $500 billion in Medicare cuts meant to help pay for expanded insurance coverage.

In addition, the CMS study gives a clearer cost estimate than the one provided by the Congressional Budget Office. According to the CBO, the 10-year cost of PelosiCare is $894 billion. But that analysis includes early years with little government spending, According to the CMS, the House approach would cost $1 trillion from 2013-2019, or some $140 billion a year when fully put into effect.

Few realists in Washington think any of the current reform plans make a significant dent in the long-term healthcare cost to government. Indeed, the Senate Budget Committee recently held hearing about creating a bipartisan commission to find solutions to America’s entitlements problems.

If healthcare reform really bent the curve, there would be a no need for such a commission to do Healthcare Reform 2.0.

The Chinese might want to keep up the questioning.

By: Onofre's arm

Onofre's arm — Tue, 17 Nov 2009 22:55:26 +0000

We don’t have to worry about what they have to say..?????? FF, You’ve just taken a commanding lead in the “Imbecile Obots Who Post at NQ” contest.

And please everyone else, don’t let FF derail another thread with the unrelated Palin news, no matter how absurd FF’s position is.

By: Freedom Fighter

Freedom Fighter — Tue, 17 Nov 2009 22:36:11 +0000

China’s per capita GDP is only $6000, that’s 1/8th of the United States. I don’t think we need to worry about what they have to say yet.

In other news, I found this recent Sarah Palin interview. As expected she sounds as dumb and clueless as ever, even in a softball interview with Rush Limbaugh. No wonder the common theme amongst journalists is that she can barely string a sentence together. If the GOP runs her in 2012, Obama will win all 50 states. LOL!

http://www.realclearpolitics.com/video/2009/11/17/sarah_palin_discusses_common_sense_conservative_solutions_on_limbaugh.html