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Reply #29: Yes, yes, it's all very simple when you ignore the facts and make shit up. [View All]

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Cessna Invesco Palin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 12:54 AM
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29. Yes, yes, it's all very simple when you ignore the facts and make shit up.
The main problem with our economy is that every time we make a purchase, the money we spend goes, not to other Americans who made those goods, but to Asia after the corporations take their profits.

No, that's wrong. Some of the money goes to the retailer, which is likely an American company. Some of the money goes to the manufacturer, which may or may not be an American company. Some will go to the manufacturer's subcontractors, which may or may not be American companies. And anyway, that's not the problem. This was just as true in the 90s as it is today. It's not the root cause of the problem.



This economy will not recover until NAFTA, the WTO, the IMF, the World Bank, and all those other corporate cartel agreements are eliminated so that American companies who want to manufacture here in America with American labor the everyday goods that we buy will be able to do so.


First of all, you don't even seem to understand what the IMF or the World Bank do. Second of all, again all of these things existed back in the 90s when the economy was good and unemployment was low. But don't let that get in the way of your rant.


Saying that the collapsing stock market or the banks lacking liquidity is causing the economic downturn is utter nonsense. The problem is the outflow of capital to Asia. This country is unemployed and running up its debt with no way to pay its bills.


Actually, nobody with a basic understanding of economics and two or three brain cells to rub together is saying that. What they have said, repeatedly, is that lack of regulation in the mortgage and derivatives markets was largely to blame.

Good Lord, half of the fucking time in here I feel like I'm having an argument with Pat Buchanan.
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