Should the government stop throwing money into a big hole?

If the money hole is in Iraq then yes. Afghanistan and Pakistan?

Dan_in_Cincinnati's picture

As Sarah Palin would say:  ummmmm, let me get back to ya on those.

{;-) Dan in Miami


I like how the video aptly

jazzdrive3's picture

I like how the video aptly shows how little difference there is between the prevailing viewpoints. Both sides essentially want to do that same thing, they just argue about the mode of transportation and the speed of travel.

"No one here is saying that we need to STOP destroying money..."

Al-Qaida Is in Crisis

Dan_in_Cincinnati's picture

Americans aren't the only ones having trouble in Afghanistan. Although coalition casualties are on the rise and public support for the Afghan war is waning, al-Qaida is struggling there, too.

Western terrorism experts say al-Qaida's relationship with the Taliban in Afghanistan and Pakistan is on the rocks, and the group is finding it harder to recruit and retain personnel for big terrorist operations. A combination of electronic surveillance and CIA drone strikes in Pakistan has reduced the "core" of al-Qaida leadership in Pakistan to just six to eight men.

They now operate "franchises" throughout the Middle East and North Africa that are less well-organized and less-disciplined than the al-Qaida cells of the past. Experts hope these weak relationships (plus a growing sense among Taliban fighters that al-Qaida is a liability, not an asset) could lead to clues to the whereabouts of Osama bin-Laden. (Bin-Laden has been nicknamed "Elvis" by some CIA because he's been the subject of so many false sightings.)

But these same experts caution that even as al-Qaida disintegrates in the Af-Pak region, it could entrench itself somewhere else, like war-torn (and pirate-patrolled) Somalia.

{;-) Dan in Miami

Chinese economy booms while US economy slumps

Dan_in_Cincinnati's picture

The Chinese central bank said the country’s economy surged at an annualized rate of 14.9 percent in the second quarter. The United States economy shrank at an annual rate of 1 percent in that period.

Chinese banks came into the crisis with enormous excess reserves, the result of three years of tight regulatory limits on lending to prevent the economy from overheating. When those limits were removed, and authorities urged bank executives to lend, the total value of loans outstanding shot up more in the first seven months of this year than in the previous 24 months.

By contrast, total loans and leases outstanding at financial institutions insured by the Federal Deposit Insurance Corporation actually fell $249 billion, or 3.2 percent, in the first half of this year.

Though Washington has used taxpayer money to bail out American banks, it does not have Beijing’s power to force banks to lend that money to businesses and consumers.

{;-) Dan in Miami

PS:  Tar and feather the bankers.  Even during the "recovery" they still manage to screw up the country.


Europeans perplexed over America's Healthcare Debate

Rajah's picture

Wall Street is at it again. A new bubble

Dan_in_Cincinnati's picture

Wall Street is not making loans to businesses to get the economy going again.  Instead they are using the money taxpayers gave them to speculate in stocks, bonds and commodities. 

They are doing this more or less with the blessing of the Federal Reserve Central bank.  This bank is private and not under the control of the government.

Here is an article from Steven Pearlstein writing in the Washington Post:

{;-) Dan in Miami

PS:  So basically the Fed is creating a new bubble, which of course will burst at some point.  And the cycle starts all over again.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.