America's leadership deficit

[brentspeak]

http://www.baltimoresun.com/news/opinion/oped/bal-op.leadership23nov23,0,3938286.story

America's leadership deficit
Tired old ideas won't fix our problems

By Peter Morici
November 23, 2009

Bigger than the budget deficit, America has a leadership gap. The economic recovery is not creating jobs; unemployment is rising; and the president and Congress offer little more than nostrums and platitudes.

(snip)

President Barack Obama, afraid China won't buy U.S. debt, failed to challenge China on currency and trade during his visit there this week. That demonstrates how little Mr. Obama and Treasury Secretary Timothy Geithner understand about money and trade.

If China doesn't buy our bonds, all those dollars Beijing purchases to keep its yuan cheap will get stashed in the vaults of the People's Bank of China and go out of circulation. The Federal Reserve could print new dollars to purchase the bonds China now buys, and the U.S. money supply would be restored. The net effect would be that the Fed gets the interest on the bonds instead of Beijing. That works for me.

(snip)

President George W. Bush and President Obama gave in to Wall Street and abused the TARP to bail out General Motors and Chrysler. The Federal Reserve bailed out Wall Street banks with trillions in cheap credit they used to make trades, not new loans, to earn big profits to cover losses on their failed mortgages. Main Street banks were left to fester, and now more than 120 regional banks have failed...

[Baltoman991]

1. Ah yes, my

wonderful Newspaper, the Baltimore Sun with another half assed opinion piece. TARP was a Bush thing. But hey, it's your hit piece so I'll let you wallow in your happiness as you find more idiotic hit pieces on Barack Obama.

[jaksavage]

2. We ARE being led

and without good intentions.

[TreasonousBastard]

3. Who is this fucking idiot who thinks...

we can just keep sending dollars to China without any problems?

And what are his answers to unemployment, failing banks and auto companies, and any other problem he thinks isn't being solved to his satisfaction?

[brentspeak]

4. I think you misunderstood the article

Morici wants to make it harder for China to continue buying our bonds (and to dump their products on our shores).

[TreasonousBastard]

5. That's not what he said.

[dionysus]

6. K&U &

:puke:

[asphalt.jungle]

7. do you subscribe to an anti-obama newsfeed or something?

you don't care who's doing the criticizing: liberal, democrat, republican, conservative, whoever. as long as they are criticizing. i gotta give you props because you are consistent.

[brentspeak]

8. Do you have any comment about the article?

Also-- show me where I have cited "republicans, conservatives, whoever..." when posting articles about Obama. Is that like a standard line you use here?