Category Archives: China
Terry McAuliffe was a legendary Clinton fund raiser. Al Gore called him “the greatest fundraiser in the universe.”
McAuliffe also had the Midas Touch. In 1998 he invested $100,000 into something called Global Crossing and within 18 months had $18 million in his pocket. In less than four years Global Crossing went bankrupt, but McAuliffe knew to cash out well ahead of that. There’s more of this sordid affair here.
Back in January Barack Obama named the CEO of General Electric, Jeffrey Immelt, head of his Jobs Council.
In July, the head of the Obama Jobs Council announced that GE was moving its x-ray business to China. At least 65 new jobs for engineers were expected in addition to staff.
New York/Shanghai
When the US lost its AAA Credit Rating, China slapped their lap dog in the face and told Obama,
the “good old days” of borrowing are over.
“The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone,” China’s official Xinhua news agency said in a commentary.
China, america’s largest creditor feels Washington has only itself to blame for its plight and renewed calls for a new global reserve currency.
America is for sale and China has the money. They want 50 square miles South of Boise to build a self sustained Communist City. It would be designated and modeled after the “special economic zone” cities like several that currently exist in China. The Chinese Communist Party owns Sinomach, so the city would belong to the Chinese government. The city would include manufacturing facilities, warehouses, retail centers, and homes for Chinese workers.
Let’s suppose there was someone who was so stupid, that he would borrow money from a neighborhood leg breaker and then give the money away to everyone in the neighborhood, including the leg breaker. Would you recommend that person be institutionalized? Welcome to Obama’s Theater Of The Absurd.
The next time a Liberal tries to impress upon you the great achievements of Socialism, describe the excesses and homicidal tendencies of Stalin and Mao, then tell them about Steve Jobs putting profit ahead of human life to provide them with their Liberal fashion ensemble.
The reasons for Barack Obama’s intervention in Libya has never been really clear- or honest. The most commonly offered explanation given for bombing Libya has been the prevention of a humanitarian disaster. Sunday morning, Obama’s Abbott and Costello foreign policy team said that Libya was a direct threat to US national interest and at the same time that it was not. Of course, that does not explain why we interfere in Libya but not in other regions in which human rights are being oppressed- like North Korea, Iran or China.
In Sept, 2008, I penned the post, the US Economy: A Perfect Storm of Housing and Lending Events. This overview of how we managed to bring ourselves to the precarious cliff of a failed economy revealed it was not a single issue, but a combination of many events – including political pressure on lenders for homeownership, relaxing of GSE lending criteria, regulation/deregulation, and profit motivation by financial institutions – leading to an out of whack supply vs demand, driving up housing values to unsustainable and dangerous levels.
It never crossed my mind that financial terrorism could be another element to be factored in. So when the WA Times wrote of an unclassified Pentagon report by Kevin D. Freeman, my head perked up.
Zhou Enlai And Lin Biao Hold Up Their Pocket Editions Of Mao’s Little Red Book Mao’s Teachings: We are confronted with two types of social contradictions — those between ourselves and the enemy and those among the people themselves. The … Continue reading
Republican Leaders Draw A Line In The Sand
Both Boehner and McConnell have declined invitations to a state dinner by President Obama to honor the Chinese leader Hu. Obama is like a giddy schoolgirl getting ready for a date with the high school quarterback as he bends over to make the Hu feel special.
