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China's official comment on the S&P downgrade was harsh and condescending. Released through Xinhua (via Reuters) the statement condemned America for its "debt addiction" and "short-sighted" political wrangling.
"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," Xinhua wrote.
America's largest creditor, China said it will accelerate diversification away from US treasuries, and that meanwhile it demands reform: "China, the largest creditor of the world's sole superpower, has every right now to demand the United States address its structural debt problems and ensure the safety of China's dollar assets," Xinhua said.
I've been saying this for some time.
We aren't the only economic power house in the world anymore.
We have to realize that the world market has other competitors.
I'm quite sick of people pining for the good ole days in the 50's, 60's and 70's.
as i said on another thread, fine. bring the manufacturing sector back to the states. then we won't have the need to borrow.
trading our manufacturing sector for borrowing power and "cheap" goods has not worked.
I work in manufacturing, been doing so for the past 4 years.
Keeping people employed in manufacturing is a problem, even during the recession and the stagnation following.
We've had a 50% turnover rate for new employees on my line, when the rate of pay is higher than most anything in the surrounding area.
People don't want to do it anymore.
your claim is that there are good paying unfilled positions that people don't want?
put the jobs on careerbuilder and on your state's workforce development website. my guess is you'll find people quickly. many folks in my area are desperate for that (or any other) kind of work.
Μολὼν λαβέ;1059718563 said:China demands reform from America; sad but obviously necessary.
A lesson from communists about capitalism.
I'm not in charge of anything like that, they go through a temp service.
The jobs are temp to hire, with good benefits if you can actually work.
apparently, there is a problem with your temp service. your HR department should contact your state's unemployment services, and the positions should be listed on careerbuilder.
these jobs are desperately needed, and should not go unfilled.
Doesn't China have a zero tolerance drug policy with dealers facing penalties including capital punishment and don't they make drug abusers and addicts must undergo rehabilitation at police-run facilities or labor camps?Drug dealer scolding the drug user? :mrgreen:
Doesn't China have a zero tolerance drug policy with dealers facing penalties including capital punishment and don't they make drug abusers and addicts must undergo rehabilitation at police-run facilities or labor camps?
The U.S. and other Western states have allowed China to get away with its neo-mercantilist policies for two decades... the results are coming home to roost. Time to take China to task for its policies -- currency manipulation and the use of non-tariff barriers to make imports of many goods exceedingly difficult with the express purpose of depressing them -- though it may already be too late...
You mean the same sort of policies that Japan and South Korea have followed for their development
You mean the same sort of policies that Japan and South Korea have followed for their development
The good times will return when Obama is causing trouble someplace else and the business community is left alone to fix the economy.
Similar, but more extreme.
It is shows a great deal of disrespect to lump the economic policies of China and Japan in the same context....
The good times will return when Obama is causing trouble someplace else and the business community is left alone to fix the economy.
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