at least d. obama has sent two liars to china geithner and pelosi

How embarrassing to send this tool anywhere to represent the US. I can see them laughing at this fool. We are the laughing stock in China between Pelosi, Mr. G and Hillary.

"The global recession seems to be losing force.... The financial system is starting to heal," Geithner said.

"These are important signs of stability and assurance that we will succeed in averting financial collapse and global deflation, but they represent only the first steps in laying the foundation for recovery," Geithner said. "The process of repair and adjustment is going to take time."

This nothing more than "Bull" he gives no examples of things improving and the people who wrote the article don't even challenge him on his statements.

Just more Obama administration BULLSH*T.

He said China will need to strengthen its social safety net in such areas as pensions and health care so that the Chinese will feel more confident about spending more.

More bull....talk about the pot and the kettle.

Geithner sought to reassure the Chinese on the issue of getting control of the exploding U.S. budget deficit, which is projected to hit a record $1.84 trillion this year, a fourfold increase from last year's record, reflecting the massive spending to stimulate the economy and stabilize the banking system. China is America's biggest creditor, holding $768 billion in Treasury securities.

This is equivalent to the amount of the entire mortgage meltdown of all troubled homes in this country, ($717 billion) per an article last week....coincidence....maybe?...but, we had to sell those cr..ppy bundled loans somewhere, I guess.

So the recession is over and Hyper inflation is on its way!

This should take the rest of our money.....sigh

Welcome to the United States of Lemmings

Notice the dateline of this article? Beijing. Get used to hearing more from your government officials, from Beijing!

Starting to stink like the Carter years all over again.

How's the HOPE and CHANGE working out for you america?

The financial system is starting to heal? What a crock of BS. We put our Treasury Secretary on a plane to China, our biggest creditor, so that he can kiss ass, and try to feed them the same "green shoots" and "glimmers of hope" crap that he feeds us. China is not nearly as gullible as the average American. If geithner is in China it is because things ARE NOT going well.

America is losing force, not the global recession.

Ok well lets take Timmy at his word and the world economy is getting better. I don't but lets just assume he is telling the truth. None of the other nations bought into the heavy spending idea that Obama tried to sell them! So as where their economies may be improving they have not put themselves into the same level of deficit that Obama has put us into. So Timmy is then telling us that his economic policies were foolish! I agree Timmy the US Administration have been fools. And the American people are left to pay for their foolishness.

And do any of you remember that China is a Communist Nation. Do we really need such close ties to a COMMUNIST NATION!!

d burger - what do you think we have in D.C. these days? You have heard of early onset Alzheimers. Well we have early onset Communism.

Read Timmy's comments - more regulation + more control = centralized planning.

economic party I agree very unsettling! I believe Obama is taking us down the road to total Bankruptcy as fast as he can. All so he can push our nation into total Marxism/Communism. When will people wake up and see what he is doing?

d burger - agreed. The average liberal will wake up when their free WiFi is taken away or more likely when the USPS takes over our health care delivery system and they can see the doctor in about 8 months.

But honestly, the republicans were going to bankrupt us too. It was just a question of whether it took 20 years (republican) or 1 year (Obama).

That is why the smart and very wealthy liberals, like Cher who sold her Malibu mansion last November just after the election for $45 million, have moved much of their assets offshore. Not so much to escape taxation, but rather to get out of the USD.

Of course again it will be too late by the time the average liberal voter figures out what happened by reading their beloved NYT or listening to Olbermann. By then the money is all moved and there is no future here. Then the $64 question will be do I learn Spanish or learn Chinese?

Is it any Wonder that Msnbc is reporting the Recession is over on the very day that another Major US company Files for Bankruptcy?

I may have been born at night. but it wasnt last night..

Geithner and Peolosi need to both be run out of office. The two of them are so full of lies and lie so often that no believes anything they say. They are a disgrace to our country and we should not put up with them leaving the country at all.

All these new medias lie because they don't have the guts to admit the truth. They backed the biggest mistake this ever made into office and can't bear to admit they were wrong. The Recession is still in full force. Two days ago it was the Recession hitting the Sun Belt, this morning it's GM filing Bankruptcy, and now we're recovering? This is crap!

Where are the unemployment filing figures for May? Not one peep about it all month and now we're recovering. What did Obama ban they telling us the truth about unemployment now? Sure looks like it. Sorry Obambi, I don't believe you're spin on this when I see more people out of work and companies cutting their inventories instead of producing.

Oh, and just so you know -Formal wear requires a tie for good etiquette even on Broadway. It is the proper way to dress for the office of President also! You shame our country and insult foreign dignitaries dressing this way!

Gary

"God help us, first we beg China for money to buy our bonds with Billary, now the incompetent Geitner is over there spewing media lies that this is over?"

It sounds like you are blaming the Clinton administration for our debt with China.

I would like to point out to the clueless that Clinton was running a surplus when he left office and that you don't issue debt when you are running a surplus you pay your debt down.

Wally: How can a surplus exist if one has debt?

A surplus is not a surplus is the debt exceeds it.

It's basic math.

This puking in our ear BS needs to STOP!

Does this guy live in reality???

Everytime he opens his mouth he says things are improving. I guess eventually he'll be right.

If I remember correctly, the economy started taking a dump while Clinton was still in office. The tech industry was destroyed. I also remember that after GHW Bush was in, Clinton took over Presidency as the economy was showing signs of booming. When Clinton Left the signs were of a slowing economy. GW Bush took over and the markets changed drastically toward the financials and home building. Obviously, we all know what happened there. Then enough schmucks voted for "Change" and here we are today facing another Great Depression.

Wally I don't think you understand that debt and deficit are two very different things. Clinton increased our debt tremendously during his administration. A Republican congress kept the deficit in check and balance. But the Republicans went brain dead when a Republican President was elected and both the debt and the deficit exploded. But Obama has made Bush look like a miser a hard thing to do.

You guys even read your own posts? So lets see now... we're liers, and always lie, are communists and/or socialists, are driving us to a depression, Clinton did it and the Repub congress tried to stop him, its the end of the world, and there is no hope. Did I sum it up for you all?

Another view might be that we spent enough to avoid a total collapse (supported by most economists), supported the banks, financial markets, and our major industries enough to prevent a total collapse (also supported by many economists), we will balance the budget by eliminating waste as soon as the job picture is stable (do not balance to the detriment of jobs), and we will get the government out of the free market as soon as possible upon recovery (we like free markets too). It is VERY possible that Geithner is right and your buddy Rush is wrong... but you know best... better resources or something... more experience at balancing a budget... or taking a country's economy to its knees.

Never mind. You're probably right. After all, can a "majority" of 23% of the people be wrong?

ur1bella,

They did laugh. What the AP/MSNBC news story left out

"Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.

His answer drew loud laughter from his student audience, reflecting scepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home. (http://www.reuters.com/article/companyNewsAndPR/idUSPEK14475620090601)

It is VERY possible that Geithner is right and your buddy Rush is wrong...

Geithner is wrong and Rush ain't my buddy.

LMarcT

Another view might be that we spent enough to avoid a total collapse (supported by most economists), supported the banks, financial markets, and our major industries enough to prevent a total collapse (also supported by many economists), we will balance the budget by eliminating waste as soon as the job picture is stable (do not balance to the detriment of jobs), and we will get the government out of the free market as soon as possible upon recovery (we like free markets too). It is VERY possible that Geithner is right and your buddy Rush is wrong... but you know best... better resources or something... more experience at balancing a budget... or taking a country's economy to its knees.

Even IF all of this turns out to be true, You still wouldn't give G.W Bush the props for getting it all going, would you? Not likely.....

It doesn't matter because it's all rubbish anyways.

Mr C, If this works out, and we all know its a BIG if, I would give Bush credit for getting the fix started all day long. The facts of the matter support the idea that the reason we "let" this happen was a combination of rushing to political solutions (loans for all), a lack of regulation (too much faith in self policing), and a major dose of greed. In other words, I truly believe we all had a hand in it, and that we all must have a hand in the solution. When Bush stood up and told us of the problem, how severe it was, and what his initial direction was, I think we all had a "WTF" moment. NONE of us want government involved... its normally just too difficult, too risky, and just plain stupid. But, in my opinion, this situation calls for a "custom" solution and some creative thinking, not a simple one along a particular political philosophy.

BTW, I don't lump Bush and McCain and friends in with the "ridiculously right" gang like Limbaugh, Hannity, Palin, etc.

LMark Keep paying attention eventually you will come to the same conclusion that Obama is a Marxist. Did you see Clintons quote this week?

Obama is a Marxist Communist he is aligning himself with other communist nations of the world China, Cuba, Latin America and rejecting the Europeans. It is time everyone knew how this dangerous man is and the freedoms he wants to take away from all of us.

"Some might say President Obama is left of center and of course that means that we are going to work well with countries that share our commitment to improving and enhancing the human potential," Clinton told reporters at a news conference with Funes.

"It is very clear that President Obama and President Funes share so much in common," she said after the inauguration and a private meeting with Funes. Funes comes from a party of a former Marxist rebel group that fought a 12-year war against successive conservative governments and a military supported by billions of dollars in aid from Washington.

Geithner sought to reassure the Chinese on the issue of getting control of the exploding U.S. budget deficit, which is projected to hit a record $1.84 trillion this year, a fourfold increase from last year's record.

Damn, I've been saying, this yrs deficit would be three times greater than Bush's worst year, but it's actually 4 times as great. Anyone who ever said anything negative about Bush's deficit spending (me for one) should be totally p i s s e d at Obama for this, or else they're simply walking around like sheep following the shepherd.

In 8 years, Bush added about 5 1/2 trillion to the national debt including the accumulated interest, which is too damn much, but Obama may exceed that in 2 years. I'd hate to play Monopoly against this guy.

The only job growth is in the Government sector. go figure. China is laughing their butts off, until that turns to anger because we sold them a bunch a crap, and lied to them to get them to buy it.

Get ready for the inflation train. At least Kool aid will be susidised. I cannot believe people voted for this, but in a sense I can. they are in another section with 60,000 post about the Adam , American Idol guy. Ain't that america. another 615,000 jobless claims again this month. again, only rise was number of Gov employees. Maybe everyone can work for acorn ?

At least Rush has some common sense and some idea of how things work. Can't say the same for Obama. Maybe we can just send out we are sorry hallmark cards to all these countires ? If Hallmark doesnt go out of business.

Over here and in China most think that Geithner and his loser of a boss are out of their ever loving minds with that kind of delusional talk.

Geithner.....Geithner....isn't he the one who couldn't do his own taxes with Turbo Tax, the Bob Rubin devotee who is partially responsible (along with Bernanke, Summers, Frank, Dodd, Paulson and Gramm) for the mess were in today, that Geithner?

Remember that McCain warned that this was going to happen.

TJM

Yes the recession started January 20th of this year when Obama took over. Under the Bush supply side economic policies the economy prospered. The fact that the stock market was lower January 20th then it is now is irrelevant.

Yes. As an example, right before the Great Depression, the stock market rallied, then took a major dump that lasted a decade or more.

Gee, that's uplifting news, isn't it? Rest assured - It's always darkest before everything goes pitch black.

Maybe it was agreed that the Chinese would feel sorry for us if we send the village idiot to meet with them?

China is a communist country, so why are sucking up to them at all. Pelosi and Geithner love China so much they should stay permantly, and Obama should vacation there also permantly

Village idiot? I thought he was the keebler elf. Okay he's the village idiot that looks like the keebler elf.

Stclaire

China is a communist country, so why are sucking up to them at all. Pelosi and Geithner love China so much they should stay permantly, and Obama should vacation there also permantly

At the pace Obama & Company are going, we will be a communist nation also. Pelosi and Geithner are simply getting cozy around their new future comrades in China.

They are sociopaths, they aren't stupid (per se), they don't care about us.

you got that right. These are the people who were having love in's and soking weed, and soe crazy guy writes a book about how " we like to teach the world to sing, in perfect harmony " and let little Johnny the axe murder go because " mommy didnt love him.

if you haven't gathered by now, this Obama guy has what we call Single mother syndrome. He needs the approval that he didnt get as a child. His every action screams it. Not to say single mothers are bad at all, God bless you!. But I can tell you , there is something to this. He always seeks approval. watch him.

Rev Wright. Obama sure knows his Koran well doesnt he? Did anyone read the article about his "speech coach " since the day he moved to Chicago. ? Listen to a tape of Faarakan. as instance. " can we work together to help our fellow citizens rise up from povert? " yes we can " can we look to the furture and show love for all the people in the world" " yes we can.

It is classic Farakan and he has had a speech coach from him for years. I dont like louis and his hate mongering, but he can sure give a speech.

It's like when I did concert tours. They would play music during the hours before the shows. we could play stuff to make you cry, play stuff to get you fired up, play stuff to get you angry and want to smash things. Louis has taught Obama this speaking technic. he studied it well.

I think this guy has alot of bad people around him, and TG is one of them. Timmy and his buddies made a FORTUNE of this crap, and let it go too far. Now , he is going to fix it? It is way beyond anyones control. Hang on, you have not seen anything yet.

Hyper inflation, higher interest rates. Disaster. Oh another good one. The FED Cheif decides to come out yesterday and say " we cant spend the money we dont have like we have been doing. Well Good Moooorning Mr Benanke !! nice of you to join the party.

I can't decide if they are criminals or incompetent. Hate to say, I would prefer a smart criminal rather than the inept. I am afraid it is inept though. sorry for the traveling post. I just get more amazed every day.

Bobby, they are inept as well as ignorant. The American people, not to mention, the world, are laughing at them, but they can't see it. This administration is a disgrace and embarassment to Americans, and I have to include our elected representatives in this statement. I am ashamed of them to call them Americans.

IMO, here is what's going on:

The powers that be are putting the pieces in place (with fancy words and obfuscation) to declare by summer's end (or year's end at the latest), AS PREDICTED, that the recession is over and the recovery has begun.

Nevermind if the fact end up not supporting such rhetoric. "Words matter", not reality.

Desertgirl, obfuscation is a wonderful choice of words to sum up the conundrum we are experiencing right now. We have been told so many lies by our government that I believe we are actually coming to some clarity about the events unfolding in the world. When we as a country start to feel real pain in all aspects of our lives, we take everything with a grain of salt. We don't want talk, we want action. Until real action happens, they should just go to work and shut up!

Indeed. They should just ask Americans in a poll: Who do you want to lie to you today? The Elephant or the Donkey?

Nice analogy.

Because they are reacting. They want to vote on a healthcare bill that once again, nobody has even read, and this is the good part, they are going to tax the benefits of those who get it from their employer to pay for it. You know what that means. Instead of 50 million uninsured, it will add 119 MILLION to that

this all is a form of wag the dog. We as a country are borderline, if not already across the line of total financial failure. The Barney Frank ideal of mortagages for everyone is exactly what happened in Japan, with speculation of real estate blowing up. Then, they started corporations which were actually Government created and run, and here they are 20 years later, still trying to dig out of the boat. History teaches us lessons, and what happened/is happening in Japan to this very day, 20 years later, is what is happening to us.

This isnt even close to being close to right. I cannot believe that people fell for this guys stuff. " Yes we can". they sure could and did. Bend over, more is in the pike.

Beev, couldn't have said it better.

well Beev where you stupid enough to vote for Bush twice? Yes and supply side economics worked so well under Bush right?

Just one thing clueless morons the recession started under Bush's watch. the national debt doubled under Bush's watch and the stock market increase more in Obama's first three months then it did under Bush's 8 years.

You my fellow american are a complete and total idiot! Your what put this admin in power and it`s people like you who are helping drive this country into the ground!!

P.S.Thanks(Idiot)

Last pot was directed at Wally8!

Wally8

Normally I like to keep my composure, but it never fails that there is always one Liberal idiot in the thread that forces me to tell them how stupid they are. Today's idiot is you.

well Beev where you stupid enough to vote for Bush twice? Yes and supply side economics worked so well under Bush right?

If you weren't in such a rush to play that over used Bush card, maybe you might have read the part where Beev indicated that he or she prefers to vote for Libertarians and Independents. You're not even intelligent enough to know that Bush is neither.

Just one thing clueless morons the recession started under Bush's watch.

Then what do you have to say about the recession that Bush inherited from Clinton?

the national debt doubled under Bush's watch

And Obama doubled Bush's debt in 100 days. Where is your outrage over that?

and the stock market increase more in Obama's first three months then it did under Bush's 8 years.

Are you on crack? Remember how low the Dow fell after 9/11? And since it went to it's record high under Bush and remained strong until the 4th quater of 2008?

Put the pipe down. You are smoking yourself retarded.

well, GE is well positioned to get their payback in the form of BILIIONS and BILLIONs of contracts. I guess we could buy the stock. what is it. .20 cents now? They pass the medical, the "green ( in spain for every green job, 5 jobs are lost. ) GE stock will soar.

Amen!!!!!!!!!

Why do I get this impression that we are just fumbling along until the next election. It feels like we are actually living life without a President. I've never felt this way before, even though I wasn't a big fan of Bush, it still felt like he was working in the interest of the American people. With Obama, it feels like some kind of MTV reality show gone bad. It's like they turned the White House into a play ground. It feels weird...or is it just me?

No, my 12 year old son said to me the other day "Mom, I don't even feel that we have a President". We are centrists, vote independent, like Obama but the whole thing feels like a marketing campaign - no leadership, just constant sound bites and speeches. Who cares about Obama's night out on Broadway, Michelle's biceps, etc.... - my husband just lost his job....one of those taxpayers Obama was targeting......every socio-economic group is hitting hit....even those in the higher- tax brackets. Feels like the fable of the EMPEROR'S NEW CLOTHES.......just say it is so and the lemmings will fall for it. Yikes!

My sister and her husband own a construction company that services street and highway projects. They have about 30 dump trucks and business is down considerably. They have been trying to sell some trucks as they had in the past when business slowed, but they can't sell one. Most of their trucks are paid off, but they have a handfull that aren't. They can't get a loan and will have to ultimately default on those loans that are unpaid. They also had to lay off over half of their drivers.

My niece is graduating this year and another next year and both want to go to prestigious colleges. They may not be able to at this point. It is unfortunate that when you look at every aspect of any person's life, the effects of this mess are far and wide from the top to the bottom. Many lives in a small company can be destroyed...I can't even begin to imagine how many people will suffer due to one US auto company shutting it's doors.

There are countless lives that are destroyed and the Obama Administration seems to be totally disconnected. It does seem more important to him that he meets with stars and athletes rather than really work at fixing this economy. I know he does a lot of talking, but that doesn't make me or most others feel any better. We want real action!

Bloggerrich and Lucy

I agree with you both. Before I thought I was the only one feeling that we are living a life without a president. It feels like there's nobody running our government, everything is in complete disarray. I'm not a big fan of Bush, but he was relevant and was attached to the country just like every other past presidents that came before him. Nowadays, I can't really feel that our President and the government is there working for us.

the Matthew's Man Crush continues.

I don't think he said the recession was over. He said it was losing force

He might as well have said gravity was losing force. Geithner is utterly full of poo.

It's funny, for almost 10 years I watched Hardball and Countdown, I yelled at them alot by I was interested in what they said because they challenged my points of view, since they have become syncophantic cheerleaders/buttboys in the last few months we have switched to Lou Dobbs and crazy ol Glenn Beck, and I can't believe Letterman is still workin Bush/Chaney for jokes, give it up already!

Same here. I hated Fox for their rude treatment of Ron Paul during the primaries. So I watched MSNBC's Hardball and Countdown and Maddow for a while and use to enjoy it. But after Obama won and started his spending spree and breaking promises, MSNBC wouldn't objectively report on it and stayed obsessed with everything Bush. It disgusted me to the point where I found Fox to be more tolerable. Beck rules.

Is Glenn Beck so crazy? He is the only one who isnt affilated with any party, and one of the few who are investigating the theft of 100's of millions of Dollars, OUR dollars, being funneled and stolen by these organizations.

I thank God for him, Lou Dobbs, and even Bill O'riely. At least they are not playing the game. everyone else, and we wouldnt know an ounce of what was happening.

I once told a girl I would only put it in half way...she believed me and she got FU---D!

Becuase you guys would not by any words from the OBAMA admin. But thankfully you are in the Whacko minority!!

cowtown,

if it smells like, looks like and tastes like bovine excrement it's bovine excrement. Of course you should know that, why the denial?

COWTOWN

Becuase you guys would not by any words from the OBAMA admin. But thankfully you are in the Whacko minority!!

Yes Republicans are the minority. But add us in with the pissed off Independents and togeather we may very well be the majority. Don't fool yourself into thinking Obama's 52% means the country wants to go hard to the left and Liberals are the majority. It took a lot of Independents and Republicans to vote for that fool to put him over the top and these people are pissed that he is everything he accused McCain of being......another Bush.

He was head of the NY Fed. Then the IMF. Not the whole Fed.

I agree with you Beev. Eventually, Obama will tell us that he didn't lied about his taxation platform because he only promised "income tax" increases for those earning $250,000 and up and bigger exemptions/refunds for workers earning below that. He never promised that he won't slap everybody with a 20-25% Value Added Tax (VAT) in everything we buy. Imagine, that's a lot, for a grocery worth $100.00 we will end up paying $20-$25 + regular sales tax. Plus, the democrats are pushing for the imposition of sales tax on all internet purchases regardless of what State you are in and where the vendor is located (this includes small purchases like ring tones for cellphones). This will eventually kill internet commerce and our opportunity to save a little doing on-line purchases. Hopefully, the planned internet metering will not pass. But I doubt it, with internet metering they can collect more taxes too. I think everybody will be broke paying higher taxes on everything eventually.

She just can't recognize the truth----the stupid bitch.

Pelosi has NEVER told the truth, and if she lies loud and long enough some morons will eventually believe her, right?

Cowtown,

Pelosi is a looser, reid, frank, ect. grow up think for yourself for once.

Maybe we are comming out of the recession thanks to the hard work of Obama and the Dems!!

Cowtown, Keep telling yourself that. One day you will believe it

Maybe we are comming out of the recession thanks to the hard work of Obama and the Dems!!

Maybe you need to give the kool aid up? Just saying

And Congress has a long history of  lying to the American people. Remember Barney "There is nothing wrong at Fannie and Freddie" Frank?

The CIA has more honesty in its baby toe than all of Pelosi's lying mouth and body

Well I wish I could give you some big funny explanation but it is really quite simple. Bush allowed the biggest economy in the world to go in recession which triggered the world recession. If the USA is not buying goods from other countries what do you think happens to their economies. The USA is the biggest buyer of consumer goods in the world. AS we go the world goes!!

You need to change your sign on name because you really do not know much about economics do you!

LMAO,you affirmative action graduates need to take Economics 101,instead of sandbox 101.

If you don't understand how the meltdown of the US financial sector led to a global recession I do not know what else to say. The USA is the world's biggest investment. If our financial system collapses or wobbles then the whole world is effected.

Cowtown you seem to be the only person on these boards that is defending what this Administration is doing to the country.. you must be the Smartest person in the world when everyone around you sees a completely different out come then you see coming

Cowtown - or maybe no one wants to buy what we produce in America.

What do we do we export? Movies, cigarettes, software, soda, munitions, etc. You know - stuff that either rots the brain, rots the teeth, rots the lungs or just outright kills you. And Bush did this all by himself?

What do we import - oil, clothing, furniture, transporation, computers, food, commodities.

So in short we import necessities, we export non-essential goods and goods that are really not that good for you. So I see the problem. Now how do we fix it.

Is it possible our cost of doing business is just too high? Maybe our taxes are too high. Maybe our environmental costs - court forced delays for decades - are too high.

All the time Norway was building up their oil production, even though Norway believes in Gore and global warming, they were also pragmatic enough to exploit the oil resources that they have. Now they are using that money to invest in their economy, invest in education, save for the future when the oil is gone and lastly they have just developed a way to make hydrogen inexpensively. What if CA had done this instead of cutting off oil development years ago?

So maybe it is partially the fault of environmental challenges too?

I'd say you are correct...this is a world issue, not just a US issue. Five years ago, I went to Italy and the same inflated home prices were there and a lot of new home construction was going on. People from other parts of Europe were buying property near the water in Sicily. Hell, there was even talk about building a bridge from mainland Italy to Sicily. Just like here, forget about it now.

China is manufacturing everybodies stuff, so we have all become dependant on them for our consumer fix. Consuming is like a drug that will leave people buying houses they can't afford and running up credit cards to get the buyer's high again. The quickest fix for buyer's remorse is to go buy something else to feel better. We are a world of addicts. Now, most of us need a 12 step program.

Let's give an analogy...

The Drug Dealer - China works for pennies on the dollar, so nations of the world send their manufacturing there. Nations of the world pay to build huge high-tech facilities so millions of Chinese can go to work producing all types of products while getting paid very little which happens to be better than what they had before. It's boom time for the Chinese.

The Drug User - Nations of the world consume trillions of products manufactured in China. Some of those products are substandard and dangerous and many humans and their pets die due to an overdose of Chinese products. The world housing markets boom and more Chinese products flow so that upgrades and new homes can be built. Some quickly produced home building procducts make us sick and even kill as quality control is shunned in the interest of filling the demand.

The Crooked Cop - Governments of the world tell China that they will allow their Corporations to keep manufacturing in China as long as China can give them protection money to shut them up. Of course, China does and it is business as usual. Of course, it is really a loan that the governments of the world will not have to personally pay back.

The Bust - As people moved in to homes they couldn't afford, they start to default and file bankruptcy. As this happened, they couldn't pay their credit cards. As millions defaulted the world economy slowed and people started to pull their money out of their 401k's, investments, money markets, etc. Soon banks and financial institutions couldn't pay their debts, so they started laying off people who went on unemployment. All industries started to suffer, especially the very costly to run American auto makers. Broke people couldn't get credit and unemployed people can't buy cars. Many lost their jobs.

The Straw That Broke the Camel's Back - Madoff can't fill the requests for cash by thousands of companies and individuals because there is no more money coming in. His pyramid scheme crumbles and he is exposed. Family funds, investment finds, personal investment...all destroyed. Millions across the world are affected and some kill themselves.

Recession becomes Depressing - Coming soon to a reality near you...The world economy is a Ponzi Scheme!

Cowtown. Bush certainly did raise the National debt, but he was in office for 8 years with 2 wars.

Our Savior Obama, has increased it more than every Presidential admin combined in what? 150 days?

Lets talk economics. The President of the Untied States does not have ANY control of the money. Congress my friend congress.

Nancy, Barney Frank, Chris Dodd . Thankfully 2 of the 3 will be gone next election.

When it comes to business- the U.S. has always been "commies". Hoard and swindle capitalism only benefits the greed at top and when they sap it dry the taxpayer always pays. Corporate welfare has always been put in action through the history of this country for the sake of the most despicable of mankind. Treasury Secretary Paulson and Bush- who initiated these latest bailouts have bankrupted this country beyond repair to benefit billionaires who own them and us. People exist soley to feed this hoard.