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To: Skeeter Bug who wrote (233725)	12/19/2009 5:42:01 PM
From: grusum	Read Replies (2) \| Respond to of 306849

we're devolving into details, most of which the intent ultimately can't be known. like greenspan's true intentions. but the details don't matter as much as the overall policy that brought this mess on. greenspan made money cheap and bubbles bernanke continued the policy. none of the other things would have happened if they (FED) wouldn't have made money cheap.

To: Skeeter Bug who wrote (233725)	12/19/2009 10:08:45 PM
From: arun gera	Read Replies (2) \| Respond to of 306849

>did he ever object as MILLIONS of jobs were shipped over seas? why no, he didn't. anyone that actually cared about employment did> Maybe United States (and other nation states) being autonomous has been an illusion for some time and that Federal Reserve Of United States has always designed its policies to support the global economic/financial system. After all outsourcing has always been there. Were there huge outcries about jobs being created in Japan, Germany, France and Italy after World War II? Do you think when you buy expensive French perfume and wine that you are outsourcing jobs to France? Does it become unfair to ship jobs overseas when the person on the other side is a non-white (I did not hear big complaints about shifting call centers and IT jobs to Ireland in the 1990s even when there was a recession in the US)? Is it okay to ship jobs from New York city to Omaha based on price but not okay to ship jobs from US to Phillipines based on price? Citizens in developed nations whine a lot when they end up with temporary disadvantages in the changing global economic system. And they have no empathy for people overseas who end up with bad bargains all the time , even through they may be working harder than most citizens in the developed world. -Arun