Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: i-node who wrote (438058)	12/4/2008 11:16:24 AM
From: Road Walker	1 Recommendation Read Replies (2) \| Respond to of 1573827

I presented my [impeccable] rationale. Crap... you presented illogical BS that fits your argument. People won't make a huge long term investment in a car if they think the company is going belly up. Just the impression of driving a car from a company in bankruptcy is a deal killer... people want cool cars not ones that shout "Failure".

To: i-node who wrote (438058)	12/4/2008 11:52:29 AM
From: tejek	Read Replies (1) \| Respond to of 1573827

This issue keeps coming up and the answer is that RATIONAL people would much sooner buy a car from a GM in bankruptcy than one which is reliant on the federal government for handouts. False. I presented my [impeccable] rationale. You got nothing, dipshit. If you want to argue the point then do so; but just claiming someone else's post to be "false" without any reasoning makes you look even dumber than you are. You have absolutely nothing to support your assumption.....nothing. When you start supporting your outrageous claims, you will get some respect....not before that.

To: i-node who wrote (438058)	12/4/2008 12:34:28 PM
From: tejek	Respond to of 1573827

China tells US to get economy in order 9 minutes ago By JOE McDONALD AP Business Writer (AP:BEIJING) China promised more currency reform to ease trade tensions but told Washington to get its own economy in order as the two sides opened high-level economic talks Thursday amid a global financial crisis. The unusual Chinese appeal at the Strategic Economic Dialogue highlighted the close links between the world's largest and fourth-largest economies and the global importance of their ability to keep relations smooth. China's envoy, Vice Premier Wang Qishan, said Beijing was contributing to global stability by keeping its own economy growing strongly. The chief U.S. envoy, Treasury Secretary Henry Paulson, said engagement between China and the United States has helped in managing the crisis. Officials said both sides stressed the importance of cooperation to combat a potential rise in trade protectionism. But in unusually pointed language, China's central bank governor, Zhou Xiaochuan, blamed the crisis on U.S. financial excesses and said they should be fixed. "The important reasons for the U.S. financial crisis include excessive consumption and high leverage," Zhou said in a speech to the meeting, according to Jin Qi, a central bank official who briefed reporters. "The United States should speed up domestic adjustment, raise its savings rate and reduce its trade and fiscal deficits." The two-day meeting was not expected to produce breakthroughs on trade or other sensitive issues. The two sides signed a pact Thursday to cooperate in financing for projects to improve energy efficiency and were due to work Friday on an investment treaty. Speaking earlier as Paulson listened, Wang appealed to Washington to "take the necessary measures to stabilize the economy and financial markets, as well as to guarantee the safety of China's assets and investments in the United States." Wang did not elaborate, but Beijing owns $585 billion in Treasury debt that has helped to finance U.S. budget deficits, and a weak dollar and financial turmoil have fueled Chinese anxiety about such investments. U.S. officials said the Chinese side promised more currency reforms. Washington and other trading partners say China's yuan is kept undervalued, giving its exporters an unfair price advantage and adding to its trade surplus. Some American lawmakers are calling for punitive action against Beijing. "The Chinese continued to reinforce to us that they were committed to continued reform, and by that I mean continued appreciation (of the yuan) over time," said an American official who briefed reporters on condition he not be identified further. The American officials said they did not know details of what Wang meant by protecting Chinese investments. But they said there was extensive discussion of steps the United States was taking to stabilize its economy. The yuan has risen 20 percent against the dollar since Beijing cut its peg to the dollar in July 2005. But it has fallen this week in government-controlled trading _ including a nearly 1 percent decline Monday, its biggest one-day drop in three years _ in what analysts suggested was a message from Beijing to go easy on the issue. The yuan's drop Monday also might have been meant as a warning to President-elect Barack Obama, that talks will be more effective than confrontation, said Frank F.X. Gong, chief Asia economist for JP Morgan Securities Ltd. Obama has yet to say whether he will continue the dialogue. Some analysts have speculated that Obama and the U.S. Congress will take a harder line on China. China's economic growth is expected to slow this year to about 9 percent, down from last year's 11.9 percent. Communist leaders worry about rising job losses, especially in export industries, and the possibility of unrest. Beijing is launching a 4 trillion yuan ($586 billion) stimulus package meant to revive slowing growth through heavy spending on construction and other projects. "We have always believed that if China can manage its own affairs well and maintain relatively stable and fast development of the domestic economy, that is itself the biggest contribution we can make to international economic and financial stability," said Jin, the central bank official. Paulson is accompanied by U.S. secretaries of agriculture, labor and health, the U.S. trade representative, officials of the Treasury and Commerce departments, and others. ___ Associated Press Writer Henry Sanderson contributed to this report.