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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (51572)	3/4/2008 11:17:55 AM
From: Steve Lokness	Read Replies (1) \| Respond to of 541834

The spreading U.S. credit crisis is turning up the heat on Europe's simmering anti-Americanism What a mess. I listened to Bernanke this morning and part of his solution is for those holding the paper to accept lower amounts by redoing the loans. Writing down the loan amount. .....Can you imagine being a holder of that paper in Europe and then hearing that the government - our government - is suggesting that things are so bad they better write down their paper to prevent default - I mean BEFORE default? Very candid speech by Bernanke. The moral hazard here makes me sick. You play by the rules and you are penalized. "What feeds the Left?" columnist Hans-Ulrich Jörges writes in the magazine. "Capitalism—its excesses, its greed, its shamelessness."

To: Dale Baker who wrote (51572)	3/4/2008 1:14:01 PM
From: roto	Read Replies (1) \| Respond to of 541834

Dietmar Bartsch's concerned comments are defensible. before anyone takes exception or makes inflammatory statement to what was said, it should be realized on just how well Germany has succeeded with itself the past few years. with the costly assumption of the old East Germany a few years back, exceedingly high welfare benefits (socialism??) for it's citizens, & the ever increasing costs of it's currency, the Euro$, it would be amazing if German success could be measured by any American model. but if one would look at the 'bottom line' it should be realized that Germany is doing something very right. the last year shown in Wikipedia on world economic statistics is 2006 Germany is the world's top exporter with $1.133 trillion exported in 2006 (Eurozone countries are included) and generates a trade surplus of €165 billion en.wikipedia.org en.wikipedia.org en.wikipedia.org by any measure of success Germany has done exceedingly well the past 60 years from a country decimated by war & in the intervening years, divided by the super powers & of course, aided by our Marshall Plan. it will be interesting to witness the world's emergent market powers as the U.S. languishes in it's self inflicted pile of shit. for starts, maybe it is time again to play by the rules.