We must learn not to blame the symptoms of the disease; as in the case of Obama. He merely presents the visible symptoms of a deep founded sickness crippling modern American society and many other societies around the World.
Don’t blame Standard & Poor either; that’s like killing the messenger. My blogger friend the Nimrod of NOLA sent me this link.
http://www.latimes.com/business/la-fiw-china-response-20110807,0,3901161.story
Don’t get upset by a view from China. Read it quietly and think; they are closer to the truth than you realize, and that is assuming that you want the truth. China points to it but refrains from making the final point.
About 130 million voters turned out for election 2008 and 53% of them voted for Obama.
That is the problem! Blame them. Or even better; find out what made them do it and you will be on the way to a solution. There is no other way.
Jaksonian Philosophy 
August 7, 2011 at 11:43 am |
Howdy, IKE. I received this in yesterday’s e-mail:
2011 Federal Budget Deal
Federal Budget: $3,820,000,000,000 (3.82 Trillion)
Income: $2,170,000,000,000 (2.17 Trillion)
New Debt: $1,650,000,000,000 (1.65 Trillion)
Amount Cut: $38,500,000,000 (38.5 Billion) – about 1% of the total budget.
Harry Reid is calling this a “historic amount“. The President said it is a “historic deal”. John Boehner simply said, “We’ve come to an agreement”. Let’s Put This In Perspective. It helps me to think about these numbers in terms that I can relate to. Let’s remove nine zeroes from those numbers and pretend this is a monthly household budget for the fictitious Jones family:
Amount of money the Jones family spent this month: $3,820
Total income for the Jones family this month: $2,170
Amount of new debt added to the credit card this month: $1,650
Outstanding balance on the credit card: $14,271 (This represents our national debt).
So last week, the Jones’s sat down at the kitchen table and agreed to cut $38.50 from their monthly budget. A historic amount!
R U Impressed?
Me neither!!!!
August 7, 2011 at 1:36 pm |
Well Bob
He promised to change the country, and delivered, did he not? The donkeys should be happy.
August 7, 2011 at 2:27 pm |
Hi Ike,
Liked the way you summed this up.
Bob A,
August 7, 2011 at 2:58 pm |
Hi Bob A
Thanks. It’s nice of you to drop by because I don’t do much about Blogging these days; do remember the old times with JP though.
Let’s keep in touch.
August 8, 2011 at 9:47 am |
Good day Ike, Excellent post. China is only telling the truth and one cannot be angry because of the truth.
We must cure the nation of the disease called Barack Hussein Obama.
As for how we got here, it was 50 years plus in the making. Many have been to follow the lead rather than think out of box.
August 8, 2011 at 10:51 am |
Lady BD
Thanks. I had just posted mine when I noticed a similar theme by Bob; well, I hope I am not presumptuous in my comparison and he put it better.
You must read his.
http://crockettlives.wordpress.com/2011/08/06/pin-the-debt-on-the-donkeys/
August 15, 2011 at 8:50 am |
Yo, Ike. Here is a little thought experiment for you.
The Chinese have been around for awhile. For them our 200-odd year history is just a part of a footnote to a history of a particular dynasty. Less than the time they ruled Iraq.
So what if, when they discovered that America would throw container-loads of money at them because they could sell a $10 pair of blue jeans they came up with a plan.
What if they decided to get their billion people working on American consumer goods, kept their currency artificially low and their import barriers high. All that is in direct violation of their trade accords but who wants to mess with $2 digital watches, $10 blue jeans, or $50 DVD players?
Then they poured all those dollars back into U.S. treasuries. This has only been going on for a couple of decades, an eye-blink to the Chinese.
Now, according to the writer John Derbyshire, who spent a lot of time there and whose wife is mainland Chinese, by the middle of this decade just the interest of their treasury holdings will fund their entire military establishment.
Speaking of which, they specifically mentioned the military establishment just recently. Not theirs. Ours. They mentioned that one giant step we might take in regaining some semblance of fiscal sanity might be to consider cutting back on our military budget. Way back.
Of course, some times I see connections where there aren’t any.
August 15, 2011 at 9:02 am |
Nolanimrod
I see your point and your concerns but you are one of a few, many in your country don’t see further than their noses.
Whatever anyone says or in spite of the criticism they heap on China; all that matter none because China is doing the right thing for China. You know one small reason for that is that they have a Chinese man as President for China; he lives, thinks and dreams China.
Compare that to the one you have.