Comments on: The Great Bailout http://dissidentvoice.org/2008/09/the-great-bailout/ a radical newsletter in the struggle for peace and social justice Thu, 08 Dec 2011 15:07:30 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: cg http://dissidentvoice.org/2008/09/the-great-bailout/#comment-29043 cg Tue, 30 Sep 2008 02:44:44 +0000 http://www.dissidentvoice.org/?p=3376#comment-29043 Here's the vote. http://clerk.house.gov/evs/2008/roll674.xml Here’s the vote.

http://clerk.house.gov/evs/2008/roll674.xml

]]> By: David http://dissidentvoice.org/2008/09/the-great-bailout/#comment-29004 David Mon, 29 Sep 2008 13:05:40 +0000 http://www.dissidentvoice.org/?p=3376#comment-29004 Stop the Great Bailout! Given the now likely passage of the Great Bailout, I'm mad as hell and I'm not going to take this anymore! If you're mad as hell too and want to stop the passage of the Great Bailout, please visit http://ImMad.net to sign a petition, right now! Then spread the word about http://ImMad.net to as many people as you can, right away! This is our last chance to speak up. Stop the Great Bailout!

Given the now likely passage of the Great Bailout, I’m mad as hell and I’m not going to take this anymore!

If you’re mad as hell too and want to stop the passage of the Great Bailout, please visit http://ImMad.net to sign a petition, right now!

Then spread the word about http://ImMad.net to as many people as you can, right away!

This is our last chance to speak up.

]]> By: dan lieberman http://dissidentvoice.org/2008/09/the-great-bailout/#comment-28949 dan lieberman Sun, 28 Sep 2008 03:07:52 +0000 http://www.dissidentvoice.org/?p=3376#comment-28949 I thank Mr. Synech for his comments, but don't they prove my points? I didn't say U.S. manufacturing companies are not competitive. I said the U.S. manufacturing system is not competrtitive. The fact that U.S. companies are using foreign labor proves that domestic production cannot compete with foreign production. This shifts purchasing power to foreign workers and reduces the purchasing power of American workers. For domestic producers to sell goods, requires printed money or credit to offset the value added by foreign workers , which is reflected in the huge deficits iof the trade balance. As for financial dominance, doesn't this relate to who controls the investment and capital markets and not where funds are invested. ?After all, China hast the bulk of international investment; does it mean that China controls the capital marketds? Pure major investment banks no longer exist in the U.S. They have either gone bankrupt or merged with commerical banks. Recirculation of dollars by the Chinese to the U.S. is used to prevent decline of the dollar and keep Chines exports cheap. The investment has no relation to the dollar being the dominant financial instrument. Capital markets have shifted to the Middle East soverign funds and somewhat to China. The U.S. is still a player, but is it still dominant? I thank Mr. Synech for his comments, but don’t they prove my points?
I didn’t say U.S. manufacturing companies are not competitive. I said the U.S. manufacturing system is not competrtitive. The fact that U.S. companies are using foreign labor proves that domestic production cannot compete with foreign production. This shifts purchasing power to foreign workers and reduces the purchasing power of American workers. For domestic producers to sell goods, requires printed money or credit to offset the value added by foreign workers , which is reflected in the huge deficits iof the trade balance.

As for financial dominance, doesn’t this relate to who controls the investment and capital markets and not where funds are invested. ?After all, China hast the bulk of international investment; does it mean that China controls the capital marketds? Pure major investment banks no longer exist in the U.S. They have either gone bankrupt or merged with commerical banks. Recirculation of dollars by the Chinese to the U.S. is used to prevent decline of the dollar and keep Chines exports cheap. The investment has no relation to the dollar being the dominant financial instrument. Capital markets have shifted to the Middle East soverign funds and somewhat to China. The U.S. is still a player, but is it still dominant?

]]> By: MrSynec3 http://dissidentvoice.org/2008/09/the-great-bailout/#comment-28925 MrSynec3 Sat, 27 Sep 2008 19:00:32 +0000 http://www.dissidentvoice.org/?p=3376#comment-28925 Dan Lieberman wrote: "The relative stagnation of the U.S. manufacturing system and inability to compete in global markets, reflected by huge trade deficits". I big to object. The trade deficit is not the result of the inability to compete in global markets but it is the result of shifting of production to foreign countries who has cheap labour and lax evironmental standard. Many of the products exported from China etc etc and imported here are nothing but U.S. products manufactured overseas. That also explains the stagnation of the U.S. manufacturing because a lot of manufacturing was shipped off-shore. Dan Lieberman also wrote: "The accumulation of capital and reserves (1.3 trillion dollars in China, $500 billion in Russia, and $75 billion in United Arab Emirates) has diminished the financial dominance of America and Europe." Again I big to differ. Most of the capital and reserves of China are invested in U.S. treasury notes which help keep the finanacial dominance of of America . Dan Lieberman wrote:
“The relative stagnation of the U.S. manufacturing system and inability to compete in global markets, reflected by huge trade deficits”.
I big to object. The trade deficit is not the result of the inability to compete in global markets but it is the result of shifting of production
to foreign countries who has cheap labour and lax evironmental standard. Many of the products exported from China etc etc and
imported here are nothing but U.S. products manufactured overseas.
That also explains the stagnation of the U.S. manufacturing because
a lot of manufacturing was shipped off-shore.

Dan Lieberman also wrote:
“The accumulation of capital and reserves (1.3 trillion dollars in China, $500 billion in Russia, and $75 billion in United Arab Emirates) has diminished the financial dominance of America and Europe.”

Again I big to differ. Most of the capital and reserves of China are
invested in U.S. treasury notes which help keep the finanacial dominance of of America .

]]> By: Gliscameria http://dissidentvoice.org/2008/09/the-great-bailout/#comment-28898 Gliscameria Fri, 26 Sep 2008 18:46:18 +0000 http://www.dissidentvoice.org/?p=3376#comment-28898 The fact that they are willing to devalue the dollar to save these banks should tell you that the government is completely out of touch or doesn't care about the working class. They want to spend the money on saving failed banks and bailing out a group of rich non-producers, while at the same time inflating the prices for things that the working class needs. They are essentially helping out their own and punishing the rest of us. Getting a car loan or starting a business really doesn't matter when most poeple can't afford to heat their homes or go to the hospital. This country is going to start looking like south Africa, where there is an entire rich class that has to hire guards to keep the poor out... shame is, we're an armed populous. No more helping the top. We need a foundation. Let's get some manufacturing jobs, public works... any jobs where someone actually MAKES SOMETHING REAL. The fact that they are willing to devalue the dollar to save these banks should tell you that the government is completely out of touch or doesn’t care about the working class.

They want to spend the money on saving failed banks and bailing out a group of rich non-producers, while at the same time inflating the prices for things that the working class needs. They are essentially helping out their own and punishing the rest of us.

Getting a car loan or starting a business really doesn’t matter when most poeple can’t afford to heat their homes or go to the hospital. This country is going to start looking like south Africa, where there is an entire rich class that has to hire guards to keep the poor out… shame is, we’re an armed populous.

No more helping the top. We need a foundation. Let’s get some manufacturing jobs, public works… any jobs where someone actually MAKES SOMETHING REAL.

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