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I agree and in many areas (outside of the rust belt), white collar jobs are being hit the hardest. At the end of the day, many of these jobs aren't THAT important and companies can become much more productive to make up for the lost man hours. I guess I can't really comment on blue collar...

I agree, that the Republicans have become a joke in regards to fiscal responsibility and you could argue that Bush has been the most socialistic President to date. As bad as it's been the past 8 years, wait until Reid, Pelosi and the rest have unchallenged control. The money that will be...

The previous 20 will look like child's play

The next 18. I'm going to give the last 2 to the dems as they've had congress and Bush was a lame duck.

20 years of Democratic control in the US will be a lite version of the Zimbabwe model. Take from the rich/productive and give to the less productive members of society and all the while spending money that we don't actually have. The end result will be a developed country version of Zimbabwe.

Where the fuck would China be without their move toward capitalism that was started in the 70's??? Everyone loves to blame all of their problems on the USA, what else is new????

I do think 12% is within the realm of possibility 18 months from now. I could see this thing getting to 12-15% before it's all said and done.

Anyone that thinks Obama will put a stop to business as usual in Washington is unfortunately going to be dead wrong. This guy is nothing more than your typical politician, who happens to be a more captivating speaker. In fact, I'm not even sure he's committed to the liberal ideology (fine by...

The Dems are in full-blown "managing expectations" mode right now and I don't blame them. They have their hands full, but they certainly did set some high expectations during the election.

Is this a serious question? I can't think of many things that would kill this country faster than Frank, Pelosi and Reid controlling the spigot.

If you're talking about the French, then yes, you're correct. There is no other country who matters so little, yet thinks the rest of the world cares of its opinion.

Ok, fair enough Badoit. Now that you've enlightened us with your perspective, please list some specific examples of grievances that you hold toward the US. Also, please inform me which countries are more enlightened (not ignorami) than the US and reasons why. Thanks in advance.

No kidding. I always crack up at these fucking Canadians who complain about our military, when they are the ones who reap the benefit, yet don't have to pay for it (at least directly). How long do you morons think it would take Russia to start expanding into "your vast mineral wealth"? Two...

talknet, You registered on ET two months ago. You have 450 posts already and I would say that 99% of them are doomsday scenario posts. I wonder if you're constantly living in fear or if this type of economic environment is causing you to be depressed. Were you this terrified two...

China's reported numbers have 1/10th of the credibility compared with the US's reported numbers, and the US has very little

This isn't exactly new news. The Democrats have been playing the class warfare game for decades. Unfortunately, the Republicans have turned completely away from fiscal responsibility as well, running deficits in the best of times because of spending that is democrat-lite.

Not that we'll ever know the real numbers, but it would be interesting to hear China's GDP

Sure he will, he's a politician. Of course, 80% of those that voted for Obama can't tell you what the 3 branches of government in the US are, let alone have a worth while opinion on what Barack should do. If they get their handout, they'll be happy regardless of what that means to the future.

Isn't ANYONE who buys a stock a speculator???? Don't these fucking monkeys get that? Why the hell is speculation bad anyway? It doesn't matter if your hold time is 10 seconds or 50 years, you are still speculating.

I agree that financial education is severely lacking in the US, but the mainstream media loves to push this idea as well. I've heard O'Reilly blaming speculators for the rise of oil, but not that that's sub- $40, he is blaming speculators for the fall in stocks. He's a fucking financial moron.