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

To: Road Walker who wrote (367189)	1/17/2008 10:48:18 AM
From: tejek	Read Replies (1) \| Respond to of 1573682

Bush HASN'T been able to get away with it. ---------------------------------------------- Yes, he has.....China and others have continued to buy our debt. If no one bought our debt, Bush would had to stop. It's not over... now the Chinese and ME countries are buying our assets, with our money. Whether its our money or not, there continual buying allowing him to get away with it. I bet we have a lot more assets left. We do. And they spin off a lot of free cash flow. But as more of it goes to pay interest, and into overseas hands, our standard of living goes down. I understand but how does throwing us into a recession help the matter? That's true.....but that's an argument for having balanced budgets; not to keep from lowering interest rates. Nobody is for throwing us into a recession. But the repercussions of artificially avoiding a recession could one day throw us into a depression... from which we might not recover. There is nothing artificial about lowering interest rates. Its what central banks do to manage the economy. Interest rates have been dirt low for years... it's not working. There is a dramatic shift in value going on... the Asian and ME countries make the stuff we need/want. They have worked to a degree. The problem hasn't been low interest rates but corrupt lenders. Why can you all see that? Japan and Europe has low interest rates but their lenders are not plagued with subprime loans except for the ones they bought from the US. Why is that? ------------------------------------