A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Huge debt to China, but we're anticommunism;)
Posted: Nov 6, 2014
Since my last question didn't fly well with a few (perhaps because it hit to close to home in our chosen career field), here's a new one I'd like to try to understand. The same career politicians responsible for the recent revival of "communism" fears are the exact same names who pushed for us to outsource overseas from 2004-2008, mostly to communist China, though we were already in tremendous debt to them. And this doesn't this seem odd to you? To me, that goes strictly against the traditional Republican party platform, despite what hat they "say" they wearing. That's why I'd never vote straight party ticket. Just 'cause they painted themselves red doesn't make them a sports car. ;
Definition of insanity. - sm
[ In Reply To ..]Countless examples:
RomneyCare -- Good, ObamaCare -- Bad
Immigration Reform, Bush -- Good
Immigration Reform, Obama -- Bad.
Minimum Wage -- Red States -- Yes!
Minimum Wage -- Red US Congress -- No!
Yada, yada, yada.
Yup, or hypocrisy, which is the same thing I guess - Kentuckian
[ In Reply To ..]And I'm not talking moral hypocrisy, I'm talking about trying to instigate an almost McCarthy-like panic that "Obama's a communist", yet all the while, they are the same ones that pushed us to outsource to places like communist China by offering tax breaks and incentives from 2004 to 2008 to do so.
In fact, I'm still reeling over the fact that down below, under another post, someone actually said "Where are you getting Republicans were responsible for outsourcing to India, it's the company's fault?"
Well, what company wouldn't outsource when offered tax breaks and incentives for doing so?
So yes, I blame politicians of both parties, actually, because the Republicans didn't pass these breaks and incentives all by themselves, it took some Democrats to get it passed too - but it WAS a Republican push beginning in 2004, specifically the Bush administration.
Which, by the way, I proved below with a Fox news article, of all places, from 2004 (that I curiously now hear crickets under now).
Bush later admitted this hurt the economy in 2008, yes, but by then Obama was elected and boom, Obama gets all the blame.
But all anyone pays attention is that suddenly their job is worth less than it once was and that they have no money, and so they look to who's currently in office to blame holding the bag, as if this happened overnight or that Obama, Romney, or anyone could've accomplished reversing the inevitable train wreck that was coming from prior decisions, that quickly, all by himself!
Obama was ineffective with dealing with it, yes, but he did NOT cause it.
And how quickly we forget, the first market crash happened in October 2008, BEFORE Obama was in office, before he was even elected - we just didn't really feel it until 2009.
This is exactly what the politicians were counting on - that they can distract your with moral issues like gay marriage and abortion, or scare you over gun issues, terrorism, or communism, so that you'll be completely distracted from the fact that all the while, they were chipping away at your economic foundation, the value of your job, while they made a killing with their holdings in some of these companies, banking on the fact you won't feel it until the next person was in office and that you'll blame them for it.
Did that political strategy work, ladies and gentlemen?
Were they right about you?
Sure sounds like it on this forum.
But guess what - I noticed ;)
I'm not easily distracted and I notice what they do/have done versus what they're saying now and the hypocrisy found therein.
Hopefully, now you noticed too.
Wake up to political strategy, MTs. Wake up America.
Obama wasn't the cure, but he wasn't the cause either
Unemployment rate drops to 5.38% - sm
[ In Reply To ..]In the last 12 months 2.64 MILLION jobs were added under President Obama, although I know there are a lot of Republican governors trying to take the credit.
You are right--the economy started to crash in 2007, Bush knew it and did not do anything until September 2008 when he had to come clean and said "our entire economy is in danger." I guess he thought maybe he could push it down the road until the next president took over. Remember all the jokes about who would WANT to be president now? There were a a lot of actions that President Obama had to take including bailing out the auto industry, cash for clunkers, energy programs and weatherization programs. I recall the restaurants being empty, people were scared about their 401Ks. It was very bleak. I returned our Christmas presents to the store that year because I was afraid.
Now, the stock market is at a high, my 401K is doing great, I am still employed and I have health insurance that I can afford. Yes, the wages have been stagnant. The "job creators" will not budge on wages until they are forced to by raising the minimum wage, by unions regaining power, and by a lack of workers who are unwilling to work for nothing and will go elsewhere to a more competitive employer.
Yup, good news whomever is responsible:) - Kentuckian
[ In Reply To ..]Let's just hope that "trickles down" in transcription. (Ha ha)
Sorry that your company won't/can't budge yet, though, but am glad your 401K etc. are still intact :)
You're wrong on the unemployment rate and blame on the crash. - Truthhurts
[ In Reply To ..]
The unemployment rate is 5.8% and that doesn't include those that dropped out of rat race. Why do you think food stamps and welfare roles are so high? It's because those that still haven't found a job now have no choice but to take the handouts. But, FYI, the BLS shows this: Note unemployment under Bush for 2007.
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
2004 | 5.7 | 5.6 | 5.8 | 5.6 | 5.6 | 5.6 | 5.5 | 5.4 | 5.4 | 5.5 | 5.4 | 5.4 |
|
2005 | 5.3 | 5.4 | 5.2 | 5.2 | 5.1 | 5.0 | 5.0 | 4.9 | 5.0 | 5.0 | 5.0 | 4.9 |
|
2006 | 4.7 | 4.8 | 4.7 | 4.7 | 4.6 | 4.6 | 4.7 | 4.7 | 4.5 | 4.4 | 4.5 | 4.4 |
|
2007 | 4.6 | 4.5 | 4.4 | 4.5 | 4.4 | 4.6 | 4.7 | 4.6 | 4.7 | 4.7 | 4.7 | 5.0 |
|
2008 | 5.0 | 4.9 | 5.1 | 5.0 | 5.4 | 5.6 | 5.8 | 6.1 | 6.1 | 6.5 | 6.8 | 7.3 |
|
2009 | 7.8 | 8.3 | 8.7 | 9.0 | 9.4 | 9.5 | 9.5 | 9.6 | 9.8 | 10.0 | 9.9 | 9.9 |
|
2010 | 9.7 | 9.8 | 9.9 | 9.9 | 9.6 | 9.4 | 9.5 | 9.5 | 9.5 | 9.5 | 9.8 | 9.4 |
|
2011 | 9.1 | 9.0 | 9.0 | 9.1 | 9.0 | 9.1 | 9.0 | 9.0 | 9.0 | 8.8 | 8.6 | 8.5 |
|
2012 | 8.2 |
The local palm-reader, perhaps? - NM[ In Reply To ..]
Would you like some correct info on what happened? - Truthhurts[ In Reply To ..]
How the Democrats Created the Financial Crisis: Kevin Hassett Commentary by Kevin Hassett - September 22, 2008 00:04 EDT Fannie and Freddie did this by becoming a key enabler of the mortgage crisis. They fueled Wall Street's efforts to securitize subprime loans by becoming the primary customer of all AAA-rated subprime-mortgage pools. In addition, they held an enormous portfolio of mortgages themselves. In the times that Fannie and Freddie couldn't make the market, they became the market. Over the years, it added up to an enormous obligation. As of last June, Fannie alone owned or guaranteed more than $388 billion in high-risk mortgage investments. Their large presence created an environment within which even mortgage-backed securities assembled by others could find a ready home. The problem was that the trillions of dollars in play were only low-risk investments if real estate prices continued to rise. Once they began to fall, the entire house of cards came down with them. Turning Point Take away Fannie and Freddie, or regulate them more wisely, and it's hard to imagine how these highly liquid markets would ever have emerged. This whole mess would never have happened. It is easy to identify the historical turning point that marked the beginning of the end. Back in 2005, Fannie and Freddie were, after years of dominating Washington, on the ropes. They were enmeshed in accounting scandals that led to turnover at the top. At one telling moment in late 2004, captured in an article by my American Enterprise Institute colleaguePeter Wallison, the Securities and Exchange Comiission's chief accountant told disgraced Fannie Mae chief Franklin Raines that Fannie's position on the relevant accounting issue was not even ``on the page'' of allowable interpretations. Then legislative momentum emerged for an attempt to create a ``world-class regulator'' that would oversee the pair more like banks, imposing strict requirements on their ability to take excessive risks. Politicians who previously had associated themselves proudly with the two accounting miscreants were less eager to be associated with them. The time was ripe. Greenspan's Warning The clear gravity of the situation pushed the legislation forward. Some might say the current mess couldn't be foreseen, yet in 2005 Alan Greenspan told Congress how urgent it was for it to act in the clearest possible terms: If Fannie and Freddie ``continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road,'' he said. ``We are placing the total financial system of the future at a substantial risk.'' What happened next was extraordinary. For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets. Different World If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed. But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.
In the times that Fannie and Freddie couldn't make the market, they became the market. Over the years, it added up to an enormous obligation. As of last June, Fannie alone owned or guaranteed more than $388 billion in high-risk mortgage investments. Their large presence created an environment within which even mortgage-backed securities assembled by others could find a ready home. The problem was that the trillions of dollars in play were only low-risk investments if real estate prices continued to rise. Once they began to fall, the entire house of cards came down with them. Turning Point It is easy to identify the historical turning point that marked the beginning of the end. Back in 2005, Fannie and Freddie were, after years of dominating Washington, on the ropes. They were enmeshed in accounting scandals that led to turnover at the top. At one telling moment in late 2004, captured in an article by my American Enterprise Institute colleaguePeter Wallison, the Securities and Exchange Comiission's chief accountant told disgraced Fannie Mae chief Franklin Raines that Fannie's position on the relevant accounting issue was not even ``on the page'' of allowable interpretations.Then legislative momentum emerged for an attempt to create a ``world-class regulator'' that would oversee the pair more like banks, imposing strict requirements on their ability to take excessive risks. Politicians who previously had associated themselves proudly with the two accounting miscreants were less eager to be associated with them. The time was ripe. The clear gravity of the situation pushed the legislation forward. Some might say the current mess couldn't be foreseen, yet in 2005 Alan Greenspan told Congress how urgent it was for it to act in the clearest possible terms: If Fannie and Freddie ``continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road,'' he said. ``We are placing the total financial system of the future at a substantial risk.''
If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter..... ...But we now know that many of the senators who protected Fannie and Freddie, includingBarack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.
Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who received more than $165,000. Clinton, the 12th-ranked recipient of Fannie and Freddie PAC and employee contributions, has received more than $75,000 from the two enterprises and their employees. The private profit found its way back to the senators who killed the fix. Similar Messages:Are We China?Jul 02, 2016 This is meant very seriously... I was in a store the other day called "5-Below" - everything in there between 1 to 5 dollars. Okay. The smell right away was that plasticy skunky smell as soon as you walk in. Okay. They sure did have tons of stuff very cheap, and very cheaply made. Of course, I can go into Sears and see the same quality really; shirts as thin as tissue paper, funky smells, a size 2x is really the old 'large' to save on material, etc. ... Made In ChinaJun 11, 2012 Went in to the store to browse and saw the cutest 4th of July apron. It was royal blue and had "Made in the U.S.A" in a cute print on the front. I thought how cute would that look on the cook who is barbequeing on the 4th?!Yep,you guessed it. The tag said, "Made in China."I was so ticked! MOST of the inventory in US stores is foreign made. Even the Christmas stuff. I am very aware and try as much as possible to "BUY AMERICAN". Since that was going to be an impulse buy, of course I did not p ... Mitt Romney And ChinaSep 17, 2012 Think about this when you hear in the news today about Gov. Romney attacking Obama about China. There's a word for what Romney's doing: It's called "projecting". God bless. ... HUGE Thank YouApr 16, 2012 Holy cow!!!! Had my first discussion w/ a lawyer today and I'm flabbergasted at the things I didn't take into consideration. The soon-to-be-ex most definitely isn't going to love, but he'd better be grateful that I'm not asking for spousal support (he makes 3x more than I do now- gotta love being an MT). Y'all rocked w/ the advice to at least talk to a lawyer. I like this guy. He's no BS, shoots from the hip, and says I can decline anyth ... Uh Oh! Batten Down The Hatches. We Might Be In For Some Trouble With China.Jan 09, 2010 The U.S. is selling Patriot Missles to Taiwan. China is furious. Read the articles and then read the following debates. China believes Taiwan belongs to them and has been trying to make them reunite with the mainland. Taiwan doesn't want to do that, and selling weapons to them makes China furious. http://www.chinadaily.com.cn/china/2010-01/06/content_9270044.htm Then go to the debate link below. You will see commentary on the left side that states "Support". Click the full button in each ... Liu Wins NPP. Say No To Goods Made In China! SmOct 08, 2010 Imprisoned Chinese dissident Liu Xiaobo wins the Nobel Peace Prize. http://www.msnbc.msn.com/id/39570682/ns/world_news It seems that most everything we buy these days is made in China. In my mind we are rewarding a communist regime when we buy their products. I will renew my efforts to avoid buying products made in China as a protest against their denial of basic human rights to their citizens. Just say NO to products made in China. Hopefully the eyes of the world ... I Thought It Would Be China, (Romney's Olympics)Jul 16, 2012 I just knew Romney had outsourced the 2002 Olympic uniforms, but I was surprised to learn it was to Burma/Mayanmar. Oh well, I was pretty close. ***** Mitt Romney was noticeably unwilling Friday to engage in a controversy around the manufacturing of U.S. Olympic uniforms in China, despite criticism from Republican and Democratic lawmakers alike. Congress was up in arms Thursday over the discovery that the U.S. team's uniforms for the opening ceremony of this year's Olympics ... Administration Warns China To Stop May 31, 2014 ...and that rattling sound you hear is the Chinese shaking in their boots. NOT! ... Trump Says To Let China Keep The U.S. Drone They Seized. SmDec 18, 2016 . ... China Will Be Exporting Ford Focus To The US Jun 21, 2017 Donald Trump's ties and shirts. ... HUGE Disagreement With DHApr 01, 2011 I've never been big on social networking. I keep in touch with friends by phone and meeting for lunch, dinner, parties, et cetera. DH has myspace, four square and of course Facebook. He has HUNDREDS of "friends", a lot are friends from high school and friends of friends from HS and of couse co-workers and friends of co-workers. He shows me the pics, the posts and the arguments and debates when he finds them funny or interesting. Last night he and I were looking at ... The Power To Say NO Is Huge.Nov 01, 2010 As few as 41 senators, which could represent as little as 12.3% of the U.S. population, can make a filibuster happen. The Republicans have been using the filibuster continually, even filibustering bills they previously were FOR, just because they believe it makes Dems look bad. The Republicans currently have 41 senators and block everything. The Democrats have 57 senators, so by the rules they cannot override the Republican obstructionism. ... Big, HUGE DisagreementMay 23, 2011 A friend of my daughter has a kitten. The friend can't have pets where he's currently staying, so I agreed to give the kitten a home, temporarily. I love cats, and he's a really nice kitty. My DH is infuriated at my decision. He said if it's not gone by next weekend, he's going to kill it. We have 6 pets (3 dogs, 3 cats) of our own. It had been 8, but two died of old age recently. So it's not like we're anti-pet. But he wants to keep the dimi ... Which President Is Responsible For Sending All Of Our Jobs To China?Feb 05, 2012 I want to know which president is responsible for sending all of our jobs to China? I do not pay attention to politics and I just want simple answers and no fighting! please. ... Interesting Article On Labor Unrest In ChinaJun 07, 2010 Here's hoping it may spread to those companies in the rest of the world that work for slave wages doing work that should be done here; i.e., MT, toy manufacturing, etc. If they would also strike, walkout in protest, or the myriad other things they do, maybe some of the jobs will come back home. (I can hope, can't I?) BEIJING -- China has been hit with a recent wave of labor unrest, including strikes and partial shutdowns of factories, underscoring what experts call one of the ... How Can Romney Stand Up To China If He Is Afraid Of Whoopi? Oct 25, 2012 Romney says he will stand up to China, but it turns out he is afraid to go on The View. Romney and his wife Ann had scheduled an appearance on the show, but then a “scheduling conflict” made it impossible for the former Massachusetts Governor to join his wife on the show. Could it be he was afraid Whoopi would call out his shifting position changes in regards to issues important to women and famillies? I think he is afraid to be in a situatio ... C-Span3 Right Now: Hearing On Purchase Of Smithfield By ChinaJul 10, 2013 C-Span 3 has a hearing on the acquisition of Smithfield. The man testifying, Daniel Slane states if China buys Smithfield, what keeps them from dominating the free market? Also, American companies can't buy into Chinese food companies so we shouldn't allow them or any other country to buy our food producing companies, especially since it would be more than likely that they would move the company overseas and then sell Smithfield products back to the U.S. at a higher price and lesser st ... China's Relocation Of Hundreds Of Millions To CitiesNov 10, 2013 LEAVING THE LAND New China Cities: Shoddy Homes, Broken Hope Sim Chi Yin for The New York Times Dissatisfaction and Dysfunction in a Model for China’s Urbanization: As China pushes ahead with government-led urbanization, Huaming might be an example of another transformation: the ghettoization of China’s new towns. By IAN JOHNSON Published: November 9, 2013 FACEBOOK TWITTER GOOGLE+ SAVE E-MAIL SHARE PRINT SINGLE PAGE REPRINTS ... What Do Y'all Think Of Michelle's Upcoming Trip To China With Her DaughtersMar 05, 2014 Curious about this... ... Russia Teaming Up With China In Middle East.Oct 09, 2015 The U.S.A. has become irrelevant. Please watch your choice of cable news tonight for your daily dose of smoke and mirrors. ... MOVE YOUR MONEY DAY! Do Yourself A HugeNov 05, 2011 I've been talking about it, and today I did it. I took my money out of the big national bank I'd been with for over 20 years, Greed-of-America. The bank that had hidden fees up the wazoo. The bank that charged me overdraft fees, even when I never overdrew my account. The bank that continually raised its minimum balance to a point where I was getting more money siphoned out of my account, even though I couldn't afford to put any more in, which is why I fell below the mi ... Two Huge Liberal Inconsistencies.Jun 14, 2016 1. We must not believe that the Orlando shooter represents all Muslims, but we must believe that he represents all gun owners. 2. We must not allow people who have not been vetted to buy guns, but we must allow immigrants from terrorist hotbeds who have not been vetted (indeed, whose very IDENTITY is uncertain) to enter the country. There are many other liberal inconsistencies - for instance, regarding human life and abortion - that they cannot explain away, but these two are parti ... Huge Cleaning Mess!Sep 23, 2014 Hi all, I am hoping someone can help me, someone who has experience in this. I have very shiny white tile floors, I guess they're porcelain. I wanted to clean my kitchen grout, so I used a very highly-recommended grout cleaner on the grout, then went over the entire floor with a mild detergent with my wet/dry vac. When it was all dried, I noticed a horrible film, almost like a million little water spots over the entire floor. Some are actually swirls. I troubleshooted this over the ph ... Al Sharpton Is A Huge Fraud. (sm)Oct 13, 2014 You can't even call him Reverend with a straight face. He is a criminal, plain and simple. Link ... Has Anyone Else Noticed Commercials On Television For China And Other Foreign Countries (sm)Sep 22, 2010 for both travel and business purposes???? There are two that I have seen for China, one about visting China, seeing the people, etc., and the other about how the businesses are ran there, the pros for having a business there and then the other country (which I have never heard of) is Macedonia. They are advertising strictly for business reasons, stating why Macedonia is the perfect place to have your business for tax reasons, etc. Am I just coming out of a fog? Have there alwa ... Romney's Jeeps-made-in-China Campaign Ad AwardedDec 12, 2012 http://www.politifact.com/truth-o-meter/article/2012/dec/12/lie-year-2012-Romney-Jeeps-China/ ... China Confirms New Class Long Range Missiles.Aug 02, 2014 BEIJING -- China has acknowledged the existence of a new intercontinental ballistic missile said to be capable of carrying multiple nuclear warheads as far as the United States, state-run media reported Friday. A government environmental monitoring center in Shaanxi said on its website that a military facility in the province was developing Dongfeng-41 (DF-41) missiles, the Global Times reported. The DF-41 is designed to have a range of 12,000 kilometers (7,500 miles), according to a rep ... Trump Taps IA Governor Branstad As China Ambassador.Dec 08, 2016 Disclosure: I supported Trump somewhat reluctantly because I simply couldn't stomach Clinton's corruption. I didn't expect a lot from Trump - but boy, is he showing me what a good executive does. It turns out that Branstad has a long, and very warm personal relationship with Xi Jinping. They share a number of common interests, among them agricultural production methods, and Iowa has cultivated commercial relationships with China. If anyone in America has J ... Four People Killed, Five Wounded In China Mass ShootingJun 18, 2015 Four people, including two police officers, were killed in a shooting in China's northern Hebei province on Tuesday, state television reported on its official microblog, a rare "mass shooting" in which five people were wounded. The four killed in Suning county included at least one suspect, China Central Television said, giving few other details. The case was still under investigation, it said. ... In Case You All Didn't Notice - There Is A HUGEMar 30, 2012 About healthcare reform. I know everyone here is into politics, thought you might wanna chime in. Just click on "main board" and you cant miss it. ... |