China to overtake US economy in 5 years

Discussion in 'Economy' started by JimH52, Apr 26, 2011.

  1. JimH52
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    JimH52 Gold Member

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  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Mebbe it'll take 10 years now...
    :confused:
    Bernanke: US Economy Growing Moderately
    April 27, 2011 - The head of the U.S. Central Bank flung the doors of the normally secretive Federal Reserve wide open Wednesday to hold the first of three planned news conferences. Fed chief Ben Bernanke fielded questions on a number of economic issues, including record low interest rates and the nation's high unemployment.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Would imagine the Chinese havin' a good laugh, watchin' us do it to ourselves...
    :redface:
    Weak jobs report sets Washington abuzz
    June 3, 2011: Washington was abuzz Friday about political implications of the dour May jobs report, with Democrats and Republicans blaming each other for continued lack of progress.
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    How the economy could break Obama
    June 3, 2011: Is President Obama moving closer to a one-term presidency with every disappointing economic datapoint, unemployment report and stock market stumble?
     
  4. lehr
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    lehr Member

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    " OUR NATION BETRAYED " BY GARLAND FAVORITO

    " TED SIOENG - head of red china controlled (pagoda red mt. cigarette co. ) gave 400,000 dollars to the demokrat party - after he gave them the money - demokrats helped reds get a foot-hold in u.s. market by passing anti-tobacco laws on u.s. companies " p. 277
     
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  5. rdean
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    rdean rddean

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    Growing U.S. trade deficits with China cost the United States 2.4 million jobs between 2001 and 2008 alone (Scott 2010b). More than two-thirds of the jobs displaced were in the manufacturing sector, and growing trade deficits with China are the greatest threat to the future health of U.S. manufacturing.

    http://www.uscc.gov/hearings/2011he...ies/11_03_30_wrt/11_03_30_scott_testimony.pdf

    US Chamber of Commerce lobbyist moderated panel on outsourcing American jobs

    [​IMG]

    The US Chamber of Commerce gives to the Republicans 10 to 1 and yet it's the FAULT of the Democrats? How do you figure?
     
  6. waltky
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    waltky Wise ol' monkey Supporting Member

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    Dem rich banker friends of the Repubs is the ones responsible for this mess...
    :confused:
    Grading Obama's economic performance
    June 14, 2011: If Republican presidential candidates at the debate on CNN Monday night agreed on anything, it was that President Obama is responsible for the problems in the U.S. economy.
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    Bernanke: Stop holding debt ceiling hostage
    June 14, 2011: Ben Bernanke renewed his calls to Congress to stop holding the debt ceiling hostage.
     
    Last edited: Jun 14, 2011
  7. FiscalSanity
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    Funny how thing don't change. 30 years ago we were sure the Japanese were going to buy up the country and the Russians were going to invade Europe and nuke the US. Turns out that all the experts were wrong in both those cases, and several articles I've read in foreign policy magazine paint a very different picture of things in China then what we're used to seeing. For example, there are 1000's of new factories that either aren't being used or that only work part time. Why? Lack of demand. They have far more factory capacity then is needed to provide all the goods they can possibly use or export, and they have a housing bubble going on in their big cities that just as bad as ours was. They also have an accounting system that encourages inflated numbers, so somehow I don't think we need to worry about them passing us quite as soon as people think. Frankly, I'm wondering when their economy is going to hit the wall everyone else's has, and what the Chinese people are going to do when they realize (just like we in the US have) that the good times won't last forever, no matter what the government says.
     
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  8. lehr
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    lehr Member

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    demokrats were pissed off big time because reagan destroyed the U.S.S.R. - klinton got even BIG TIME - he destroyed our military and built up red chinas military !
    where were the useless republicans ?
    there will always be communist countries as long as there is a communist demokrat party and useless republicans !

    this is why we have the tea party- but i think its too late - amerika is going to crash !
     
  9. waltky
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    waltky Wise ol' monkey Supporting Member

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    Folks can't afford another mouth to feed...
    :eusa_eh:
    U.S. births down for 3rd year; economy may be factor
    U.S. births apparently have declined for a third year in a row, probably because of the weak economy.
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    Obama's Co-Chair Concurs: We Face Most Predictable Economic Crisis in History In About 2 Years
    Tuesday, June 14, 2011 – Former Sen. Alan Simpson (R-Wyo.), co-chairman of President Barack Obama's National Commission on Fiscal Responsibility, said Tuesday that he agreed with his fellow co-chairman, former Clinton Chief of Staff Erskine Bowles, that the United States faces “the most predictable economic crisis in history” within the next two years.
     
    Last edited: Jun 15, 2011
  10. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says den American auto companies oughta be hirin'...
    :eusa_eh:
    China Forecast to Overcome US as World’s Biggest Car Buyer
    Thursday, June 16th, 2011 - A U.S. market research firm says light-vehicle sales in China are eclipsing sales in the United States and that China could become the world's biggest car buyer this year.
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    New Report Predicts China's Renminbi Will Be Among Dominant World Currencies
    June 15, 2011 - A new report from The World Bank predicts that China's renminbi will join the U.S dollar and the euro as dominant international currencies sometime in the next 10 to 15 years. Some economists say is a major realignment in the global economic order, with developing countries playing a more dominant role.
     

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