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Jason330 is a deep cover double agent working for the GOP. Don't tell anybody.

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We’re Number Two! We’re Number Two!

March 15th, 2008 • Related • Filed Under
By jason330

Europe has a bigger economy than us now. Thanks George!

NYT link

There Are 27 Responses So Far. »

  1. Comment by Brian on 15 March 2008 at 3:06 pm:

    The trade wars with the EU have begun. Sarkozy said they would and started investing the national economy of france in a diverse basket of options to leverage political clout and develop economic muscle. We had a chance but choose not to do the same. Ever wonder why?

  2. Comment by X Stryker on 15 March 2008 at 3:22 pm:

    AP has an article out on open govt laws…

    Article here.

  3. Comment by nemski on 15 March 2008 at 4:14 pm:

    F*cking French.

  4. Comment by Rebecca on 15 March 2008 at 4:31 pm:

    F*cking French Sir, to you. We’ll be looking to them for foreign aid before this is over.

    Camo fatigues for everyone. That’s what you wear in a banana republic.

  5. Comment by nemski on 15 March 2008 at 4:41 pm:

    I bet you they’ll want us to do something crazy like change the name of Freedom Fries to French Fries. Grrrr.

  6. Comment by jason330 on 15 March 2008 at 5:09 pm:

    While we wait for the foreign aid, can we get United Nations election inspectors for November?

  7. Comment by cassandra_m on 15 March 2008 at 5:34 pm:

    We probably need weapons inspectors more — to make sure Dick Cheney doesn’t take anything with him.

  8. Comment by Protack for Governor on 15 March 2008 at 5:41 pm:

    You mistakenly use a dip in the dollar for a far reaching statement about who is the #1 economy.

    The US is and will be the # 1 economy for years to come.

    A simple question might be this; if President Bush is at fault what should he do to correct the situation?

  9. Comment by jason330 on 15 March 2008 at 5:47 pm:

    If he was Japanese he would know the honorable thing to do.

  10. Comment by liz allen on 15 March 2008 at 5:54 pm:

    Remember that all the industrialized nations in Europe have single payer universal health care, not for profit…thanks to Richard Milhous Nixon.

  11. Comment by liz allen on 15 March 2008 at 5:56 pm:

    Mike what should be done to George War Bush. The exact same thing done to his granddaddy Prescott Bush…the US government should seize all the Bush family assets, and Halliburton no bid contracts…sent to the Cayman Islands to avoid paying tax on it…seize those too!

  12. Comment by the cajun on 15 March 2008 at 6:58 pm:

    But, but, he’s just a simple president. He said so. Beltway pundits haven’t gotten that message yet, but the rest of the world has.

    Yeah, we know, blather, rinse and repeat. Next!

  13. Comment by Pandora on 15 March 2008 at 6:59 pm:

    A dip????

    I’m with Jason and the Japanese on this one.

  14. Comment by Protack for Governor on 15 March 2008 at 8:55 pm:

    I assume no good answers are available.

  15. Comment by Brian on 16 March 2008 at 7:56 am:

    http://delawarelibertarian.blogspot.com/2008/03/what-happened-to-productive-force.html

  16. Comment by Brian on 16 March 2008 at 7:57 am:

    http://delawarelibertarian.blogspot.com/2008/03/is-decline-in-dollar-value-good-thing.html

  17. Comment by Brian on 16 March 2008 at 8:01 am:

    http://delawarelibertarian.blogspot.com/2008/03/there-is-specter-haunting-american.html

  18. Comment by Brian on 16 March 2008 at 8:01 am:

    Hey Mike- No good answers?

  19. Comment by Protack for Governor on 16 March 2008 at 10:22 am:

    Brian,

    Still no good answers on what to do. Cut and paste comments don’t offer any change and complaining without a solution has little merit.

    I will ask again, what should Pres. Bush do and what specifically would Obama and Clinton do differently?

  20. Comment by Brian on 16 March 2008 at 10:37 am:

    He should down grade the federal reserve…and if he was a democrat, he would invest in the people. Did you read my posts at DE Libertarian. I identify the scope of the problem and offer you the fix, the fix is to allow our banks adjust to dealing with a global market without destroying the population in the process. I want to be clear here Mike- if they cannot adjust, people can easily invest in Bank One France or HSBC. That is not a cut and paste answer.

  21. Comment by Brian on 16 March 2008 at 10:39 am:

    A complex issue deserves more than one answer or short post Mike. Make sure you read all three.

  22. Comment by Dana Garrett on 16 March 2008 at 10:40 am:

    Just think: only a few years ago the Euro didn’t exist and already the dollar is rated below it.

    That’s what happens when we let the GOP charge big tax cuts to the rich and fund an unjustifiable war on the credit card of middle class Americans and their children.

  23. Comment by Brian on 16 March 2008 at 10:50 am:

    Let me be clear again Mike- I can ask my family to invest their assets in the Yuan or Yen, or Baht or Euro or Gold as easily as the Dollar. It is called diversification. And it is really the only way to fix the problem so that paper assets and commodities develop value in a productive market. Otherwise you have to use militarism to convert the Dollar into a valuable commodity becuase it is defense contractors competing against a currency conversion and diversification process that in the end, you cannot win with a military process. It is Alan Greenspan and Milton Friedman’s fault, it is the weak point of their economic school and I have been saying that since well, let’s see, 1999 about four years after college.

  24. Comment by Brian on 16 March 2008 at 11:11 am:

    “I can ask my family to invest their assets in the Yuan or Yen, or Baht or Euro or Gold as easily as the Dollar. It is called diversification. And it is really the only way to fix the problem so that paper assets and commodities develop value in a productive market.”

    I should explain this….

    That means I can ask for investment in parity and some semblance of equality with everyone else in the world. That is my solution and it comes from Adam Smith and John Nash. It means majority-ism for the first time and a real open American economy.

    The Options follow:

    1. Create a national economy like France’s based on J. K. Galbraith or Keynes economic work which is what the dems will do and integrate us with China, Russia, India and the rest of the world. Not a bad thing. But it will not last for long maybe another 50 years.

    2. Create a “doomsday” and destroy the entire world economic system and start over through endless wars and a restoration of the aristocratic feudalism and technological monarchy. Destroy the middle class and asset ownership except for a tiny minority as per the doctrinal Chicago School of economics and leave them in control and the populace at their mercy.

    3. Create a conglomeration of panAmerican-European business interests and leverage them against all the weight of China, India, Russia, and Eurasia and the Middle East and pray to sweet Jesus that it works (which it will not).

    4. Follow the plan I offered above by diversifying resources and currencies to create parity and open the markets up to truly global competition with the dollar backed by gold again- and allow the dollar to be only one of many currencies we use until we transition to a uniform global currency standard based on capital or another economic system that more appropriately protects the liberty of the people.

  25. Comment by Brian on 16 March 2008 at 11:12 am:

    Mike, does that answer the question? I can offer more helpful suggestions and as an aside, which option do you choose?

  26. Comment by Brian on 16 March 2008 at 11:38 am:

    Mike Option 4 creates in the really long run over the next say 500 years a world without any borders, but unifies Americans as a people with very special principles we assert that not everyone else asserts. A nation without borders if you will in a global world.

  27. Comment by Brian on 17 March 2008 at 7:49 am:

    Mike-

    I got a call this morning informing me that thanks to Patriot Act II I am limited in the amount of gold I can own.

    JP Morgan Chase is not limited.

    Think somebody knew hard times were coming?

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