Dow Jones zooms past 14,000. Massive profit taking is the first sign of collapse nearing. Apple projected stock value at $340 per share. NY Stock Exchange sells for $8.2 Billion to Mr. Sprecher! Whoever that is. Jon Corzine is about to pay off 93% of the missing $1.6 Billion of MF Global Investments. He knows people in DC (wink wink). And the Treasury is called out for Not trimming CEO Million Dollar Salaries of 68 CEOs that received TARP money. More padded economic stories to follow. Join our Live Chat Weeknights 6-8 PM Pacific at
The reason why we are not competitive in this country is much of the same reasons that other socialist/fascist nations aren't. Excessive taxes, excessive regulation, and most importantly private central banks issuing the public currency at interest. Sorry bud, it's NOT the cost of transportation. The fact of the matter is that I have bought goods direct out of Asia and had them AIRMAILED to me cheaper than it costs to buy the equivalent locally.
ReplyDeleteAs long as we Americans continue to be slobs and dumbasses, continue to promote stupidity and ignorance as a virtue, and refuse to address the root cause of the problem, things are only going to get worse for us.