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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (251999)	9/19/2005 5:53:56 PM
From: Road Walker	Read Replies (1) \| Respond to of 1572025

re: As for the Iraq war, most politicians and economists like you and me can all agree that the planning and commitment up front was such that it should have been delayed at least until matters were better understood. Had the French played their role right and in a responsible way in UN, that war would most likely never had taken place. Add the Germans under Schroeder into that pot BTW. That's hysterical. NOW you believe going into Iraq was premature, but you blame France and Germany!!! Talk about political blinders! re: US pro capita national debt is still 20% below Germany and 55% below Japan. Please precisely define US "pro<sic> capita" debt. "Debt" has many definitions. re: Over taxation is a matter now well understood. Is under taxation as well "understood"? John

To: Taro who wrote (251999)	9/19/2005 8:46:01 PM
From: combjelly	Read Replies (1) \| Respond to of 1572025

"US pro capita national debt is still 20% below Germany and 55% below Japan. " Perr capita debt isn't the relevant figure, the total is. The reason why the total is important is that the debt has to be carried by someone, either domestically or foreign. If those bonds can't be sold, and there are signs that they are meeting resistance, then the rates have to be raised to attract buyers. At some point, the government bonds have a higher rate than business bonds, and the businesses can't raise money to fund expansion and other things. So the country takes a hit on productivity. When productivity takes a hit, wages stagnate and eventually unemployment starts to climb. At some later point, they can't sell the government bonds they need and then they just start printing money to cover the deficit. And that leads to inflation. This, by they way, isn't some theoretical economics model. It is what happened in the US during the late 1960s through the early 1980s.

To: Taro who wrote (251999)	9/20/2005 1:11:00 AM
From: American Spirit	Respond to of 1572025

We may be headed toward stagflation. Major reason is huge reckless debt spending and no leadership to stop it. Bush-Delay are the biggest deficit spenders in the history of the planet and show no signs of wanting to change one iota. Reason is, the more they spend, the more their cronies pocket and the more contributions they get from their only real constituency, corporate lobbyists and CEO's, especially the overly greedy and immoral gas-gouging types. The energy gouging alone during Bush's administration may end up totalling a trillion dollars. Think about that. And don't forget the our "friends" the Saudis, Iranians and Libyans are also huge beneficiaries. That said, the oil economy may be doomed. In the long run that's good news if we make the right breave decisions and ignore the oil lobbyists, in the short term look out below.