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14justiceAug 17, 2010
"Economic anxiety tends to bubble up in three related forms: isolationism, protectionism and anti-immigration sentiment."
Ridiculous. This guy actually gets paid to write this stuff. What is the point of this article?
Americans are worried about their job --- either keeping the one they have or finding one if they don't have one. Americans are worried about the cost of living --- the government says there is no inflation, but the cost of basic necessities keeps going up and up. Americans are worried about their homes --- will they be able afford to pay for them, and will they ever be able to sell them. Americans are worried about health care --- won't Obama's plan make everything cost even more and lead to rationing when millions more are guaranteed a trip to the doctor on the government's dime. And Americans are worried about the future of their children and grandchildren in a country that seems to have lost its way --- they put Democrats in charge of Congress and the White House but they -don't- see change they can believe in.
wefarrellAug 17, 2010
FTA:
Beyond that, Rep. Barney Frank, chairman of the House Financial Services Committee, has tied the slumping economy directly to a desire to withdraw troops elsewhere as a way to save money. "I don't see why we need troops in Okinawa, why we need troops in Germany, why we need troops in Italy," Rep. Frank said in a recent interview on National Public Radio. "And people have said to me, well…that's what you do with allies, you have troops in their country. Well, if that's the case, where are the Belgian troops in Arizona? Where are the French troops in South Dakota?"
Right on Barney Frank.
Closed AccountAug 17, 2010
Odd that when Ron Paul said the same thing, everyone called him "bats**t crazy".
But when a flaming liberal, who is largely responsible for the current economic mess says it, people say "Right on Barney Frank."
sinurgyAug 17, 2010
Dude this is digg where "liberal" is in! The liberal viewpoint actually has a lot to contribute but that's not what this is about, this is just pure fanboyism. A giant circle jerk of ignorance and smug if you will. You know how when a team wins a championship suddenly their fans are f**king everywhere? Yeah, it's like that!Comment is buried, click here to see the rest.
gregloireAug 18, 2010
Are you... are you implying that people on Digg didn't like Ron Paul? Speaking of "bats**t crazy"...
theosterAug 18, 2010
@Greg - i don't get that implication at all. and remember that for every RP fan on digg, there was an anti-fan too.
sinurgyAug 18, 2010
lol@fanboys digging me down.
keithlolbermannAug 18, 2010
sinurgy hit the nail on the head.
tsk05Aug 17, 2010
You know what else Barney Frank said?
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
http://www.nytimes.com/2003/09/11/business/new-agency-proposed-to-oversee-freddie-mac-and-fannie-mae.html?sec=&spon=&pagewanted=2
Closed AccountAug 17, 2010
Is that what the VP of Fannie told him during their post coital pillow talk?
Ol' Barney never met a Fannie he didn't like....
gregloireAug 18, 2010
Everyone has been wrong about something at some point. That doesn't make his current statement less valid.
Closed AccountAug 18, 2010
He wasn't "wrong", he was a lying sack of s**t that will say anything to get re elected.
And PRECISELY because he did it before leads me to believe he's doing it now.Comment is buried, click here to see the rest.
tsk05Aug 18, 2010
I don't know whether his current statement is valid or not, but I don't trust anything he says considering he was dead wrong and seriously contributed to the financial crisis.
ieatskunkAug 17, 2010
Troops in Europe are a relic of the cold war, intended to be able to defend against a surprise Soviet invasion, so I agree on that. But we need to keep deployments in Japan and South Korea in case Kim decides to throw down.Comment is buried, click here to see the rest.
trey9128Aug 18, 2010
The biggest contributor to the current economic crisis was the out of control lending to people who bought homes they couldn't afford to buy to begin with. This out of control lending was effectively covered up by bundling all these crap loans into derivatives which hid the risk. Even the Bush administration tried to push (on two occasions) the Financial Services Oversight Committee to rein in these dangerous practices which created a financial house of cards.
The chairman of the House Financial Services Committee who repeatedly failed to act? Barney Frank. Barney is a loud-mouthed idiot, and there is no one individual in the world who could have done more to avert the world economic crisis than Barney Frank. It's sadly ironic that Barney is now trying to come up with a smoke screen of "other" reasons for the financial crisis. Guilt, I guess. In Japan, he would have committed hari-kari long ago. We can only dream that he would do the right thing here.
bcronosAug 18, 2010
DAMN RIGHT!!!
jaxcsAug 18, 2010
most people in the know call it a credit issue not a lending issue. not enough money to service debt not a problem of loaning money. Consider this, if you loan money to someone who can't afford their mortgage payments, you get their house. Since property tends to go up in value, under normal circumstances, at worse the bank breaks even, at best it still makes a profit. what threw a monkey wrench into all this was the lack of credit offered to potential home buyers to continue this merry go round. Why did that happen? The sheer volume of bad loans offered by the banks. You may want to blame the maes but it's the banks own greed in generating mortgage base securities that made this happen. If it were just a matter of bad loans, the value of the house would have covered the banks costs.
erkokiteAug 18, 2010
I do agree, but it's not strictly true to say that there are no foreign troops stationed in the US. NATO troops deploy to the US regularly for training purposes.
However, a better way of putting the problem is asking why there are no foreign _bases_ in the US. We have 170 something around the world. That's absurd.
sinauraAug 18, 2010
It's simple, WE do not want foreign troops or foreign bases in our borders that have complete immunity. It's similar to what Bush said when countries offered aid during Katrina, but declined because it was ours to take care of, and we could.
sabri_sivanAug 20, 2010
But, Katrina? Looking back, it seems like we could have used some help.. Not necessarily monetary.. But, technicalities of how to deal with a natural crisis.. from experts who do that on a regular basis..
richmomzAug 17, 2010
Well, when the current system results in economic recession/depression, rising unemployment, and ridiculously expensive and never-ending overseas war, people are going to start questioning the wisdom of the "status quo."
niradgAug 17, 2010
actually, increased immigration is the only way we can have the necessary population growth to pay for our welfare state for the elderly (medicare and social security).
benmleeAug 17, 2010
Increased population = strained resource. Who is paying for the next generation? Not sustainable and not a solution.
akairennAug 17, 2010
Uh, okay.
So, who's going to pay for *those* people, when it's their turn to live off social security?
Yes, I'm keenly aware that people from impoverished nations tend to - against all fiscal wisdom - pump out babies like mad. They also generally stop doing that once they hit a certain point of wealth.
Immigration will not solve the many and colorful problems that social security is plagued with.
richmomzAug 17, 2010
"Actually, increased immigration is the only way we can have the necessary population growth to pay for our welfare state for the elderly"
Assuming of course we've got jobs for them to do to enable them to pay for said welfare state - if you haven't noticed we're having a bit of an unemployment problem with the people we've got right now.
eraptorAug 18, 2010
Your immigration solution doesn't compute for the simple reason that low skilled workers (i.e., most illegal immigrants) don't make the same social/financial contributions as the highly skilled workers about to retire.
kaelyiestaAug 18, 2010
Ponzi scheme techniques of getting the young to finance older generations is not a sustainable economic solution. Friedman was absolutely correct. The value from immigrants is not dependent upon their number but what their net productivity is. If a welfare state permits others to take from those who earn, of course people will flock to the teat of the government.
Simply counting numbers doesn't mean anything. You have to qualify the people being counted. Your claim that it is the only way to create the population growth to sustain us is dead wrong. Population growth isn't what determines the wealth of a society. Otherwise the smaller nations would always be living in huts. What matters is wealth per person and you are mistaken if you think that a welfare system along with an open boarder encourages a higher value than if immigration were unrestricted with no centralized welfare state.
bipolarruledoutAug 17, 2010
QUESTIONING the status quo?... don't go crazy now... we're still Americans after all. /s
rogerstrongAug 17, 2010
>> I think people rightfully question whether treaties like NAFTA...<<
Under NAFTA, the US EXPORTS far more manufactured goods to Canada than it imports. That trade surplus accounts for nearly 600,000 high-paying manufacturing jobs in America.
http://petemurphy.wordpress.com/2009/03/08/us-trade-with-canada-thank-god-for-canada/
As for Mexico, remember Michael Moore's movie "Roger & Me", about all the auto industry jobs that disappeared to Mexico? That was **BEFORE** NAFTA. NAFTA helped level the playing field, and send some exports in the other direction.
coremanAug 18, 2010
Which jobs? Certainly not software engineering (those are coming in on H1B visas). Certainly not in secretarial work. Certainly not in management/executive/medical/legal/financial (CPA) fields. Sheep shearing? Nope, that's pretty heavily regulated, believe it or not.
Hmm... Lawn maintenance, yes. Day labor, yes. Meat packing, yes. Agriculture scut work, yes. Forestry work, most likely.
But it's been that way for quite some time. Granted, for the few gringos that try to make a go of it in those lines of work by themselves (rather than probably hiring...you guessed it! illegal immigrants to do the really dirty work the Boss doesn't want to do, or actually does the work FOR the Boss), it becomes almost impossible because even their wetback-hating customers do have a price point where "financial prudence" outweighs their dogma, and it's gonna be below where the gringo can figure out how to live on.
While the US may export significantly to Canada, this trade is dwarfed by the trade imbalance between the US and China. While that imbalance is good for ImEx shops, it really unbalances the US economy.
wonderchemistAug 17, 2010
Does this mean I should order my russian bride now?
richmomzAug 17, 2010
I hear they're having a "fire sale" right now...
redcolumbineAug 17, 2010
Damn, that's cold. Or hot. Or something.
spazattack5000Aug 18, 2010
Everything must go!
Closed AccountAug 17, 2010
It did NOT work out well for Mel Gibson.....
oxidaneAug 17, 2010
That kinda sucks, I wanted to get me one of those latino women who want citizenship in exchange for marriage and f**king and such...
Closed AccountAug 17, 2010
You would say that, you pig.
bcronosAug 18, 2010
The Russians are much cuter...
onefreespiritAug 18, 2010
but just as crazy.
chuckdeesAug 17, 2010
I don't know about being anti immigration. But this nation could stand to impose trade tariffs. Maybe be a little protectionist when it comes to labor and production being done in this nation. If there is one thing both parties agree on it is neo liberal economics. Shipping all jobs off shore and leaving us as a service economy.
bracomadarAug 17, 2010
If you impose trade tariffs on others, they will do the same to you.
akchrsAug 17, 2010
Shhhh... It's best to just let him ramble.
cubicledroneAug 17, 2010
The alternative is to borrow money from others to cover our trade deficits.
That's working out pretty well for us, ain't it?
chuckdeesAug 17, 2010
Yes well if you actually have a manufacturing base. You have leverage when it comes to tariffs. Germany, Japan and S. Korea still have high tariffs to protect their manufacturing.
eraptorAug 18, 2010
Considering the current trade imbalance, you're point on trade tariffs is meaningless, especially as it relates to China.
ieatskunkAug 17, 2010
China may not impose tariffs outright, but they are actively limiting the ability of American companies to sell products and do business there in an effort to boost their domestic businesses. We should do the same to even the playing field.
chuckdeesAug 17, 2010
They manipulate the value of their money (keeping it low.). So they can use third world tier trade policies.
kaelyiestaAug 18, 2010
No, we should not. To intervene in the private trades of others doesn't level the playing field for us at all. It simply makes it that much harder for productive enterprise to proceed. Stop imagining this sort of mercantilism is an us vs them game. It isn't. The only ones who want foreign restrictions are government officials so they can have jobs, and domestic workers in that industry so they don't have to compete.
Permitting the desires of either hurts you and I. Protectionism doesn't work.Comment is buried, click here to see the rest.
cubicledroneAug 18, 2010
"Stop imagining this sort of mercantilism is an us vs them game."
"and domestic workers in that industry so they don't have to compete."
If "compete" isn't us vs. them, then what is it?
ieatskunkAug 18, 2010
Protectionist measures would help compel China to keep up its end of the "free trade" bargain.
yeahwhatever58Aug 18, 2010
The competition aspect should be US businesses vs. other US businesses. That will provide ample competition to drive prices consumer friendly while uplifting the whole structure of the American workforce.
Yes, yes, to all the globalists out there...I know foreign owned business in the US provides a lot of work as well....but the work can be there just the same when US owned business is operating in a robust fashion.
eraptorAug 18, 2010
@kaelyiesta,
You don't get it. The main reason U.S. trade "partners" are able to build such large trade imbalances with the U.S. is by rigging the market in THEIR favor. As long as this occurs, they will continue BLEEDING the U.S. economy until it eventually collapses. This is no longer a matter of "protectionism" or "competition", but one of economic survival.
srsgd8Aug 17, 2010
Smoot-Hawley sure worked out well...
kaelyiestaAug 18, 2010
Tariffs help no one but the government officials who are paid to run the bureaucracy. They do not help foreign or domestic sellers or buyers.
cubicledroneAug 18, 2010
"consider the source of the incentive to go elsewhere to hire labor resources"
It's because Americans have to pay $6 for a box of cereal, and $2800 a month for a s**tbox apartment, and $100 a month for the world's s**ttiest phone and Internet service. So the average American needs to clear $1000 a week just to be able to afford to show up to work.
That about cover it?
chuckdeesAug 18, 2010
Jeez libertarians sure are narrow minded anarchists. Sorry reality and life doesn't match the libertarian individualist fantasies. The Founders of this nations had no problems creating tariffs. Hamilton, Washington even Jefferson eventually agreed they were the best way to create wealth and production for a nation.
bigdorkaramaAug 17, 2010
How is babby citizenship formed?
polarbearfireAug 17, 2010
Let's vote in the Republicans, John Boner will empathize with us cause he has brothers that are out of work.
m0lluskAug 17, 2010
Free trade is our future. The sooner we adjust, the better. The new trade deal with Korea is extremely important.
crimeboss818Aug 17, 2010
We can't maintain our way of life and run a trade deficit forever.
asus3000Aug 17, 2010
Scandinavian countries typically top the list of best, most civilized, and most stable places to live..
Americas problem is apparently not enough Scandinavians, too much of the other...
srsgd8Aug 17, 2010
Except that the idea of a 'best' place to live is subjective and can vary between individuals. Not to mention that comparing countries with vastly different resource pools, capital structures, cultural beliefs, and relationships within the world is a completely pointless exercise to begin with.Comment is buried, click here to see the rest.
Closed AccountAug 17, 2010
Junk Journalism at it's finest....
► Isolationism - I don't see ANY calls for isolationism.
► Protectionism - Where...I don't see any calls for protectionism.
► Anti-immigration Sentiment - No douche-bag...It's Anti-ILLEGAL ALIEN sentiment. Is it a problem that Americans WANT and EXPECT their borders and laws to be obeyed? As far as I can tell, it's only a problem for the Dopey Liberal Leftists.Comment is buried, click here to see the rest.
Closed AccountAug 17, 2010
See, I was going to dig you up until you threw the partisan rhetoric into it. Throwing people into one camp or the other discounts the ACTUAL majority of people (like me) who are moderate on issues and tend to see logical solutions on both sides of the aisle.
cubicledroneAug 17, 2010
It is hypocrisy to blame Americans for rightly pointing out they are underpaid. They are underpaid, and have been for 38 years. Had wages simply kept pace with inflation, in 2010 a college graduate could expect to earn over $82,000 a year in their first job.
The holy corporate middle managers have decreed that if something is cheaper it is automatically better, disregarding all other criteria as irrelevant because they can't be typed into a spreadsheet. American business has become a religion where cheapness is the only sacrament.
The American government no longer functions at all.
The answer is simple, because the jobs aren't coming back. Start your own business. Build a better product. Make your own career. If you've got any aptitude at all for business you should see the obvious opportunities in telecommunications.
As far as the government is concerned, elect your neighbors to office. Stop voting the same people into office for 12 consecutive terms.
Closed AccountAug 17, 2010
Had republicans not demonized and destroyed unions, wages would have kept up with inflation and there would be a larger middle class.
As it stands, the rich continue to get richer, the poor continue to get poor and the dumb continue to get dumber.
Take away a middle class and you nip in the bud all of those potential intellects who can come up with ideas to change thing.
cubicledroneAug 17, 2010
It isn't about Republicans or Democrats. It's about Americans who have too long ignored their responsibilities to each other and to the country.
Given the facts, people will come up with the right solution, even if it requires temporary sacrifice or hard work. The first step is to stop pointing fingers and shouting slogans in this bulls**t talk-radio sideshow and face the issues.
bipolarruledoutAug 17, 2010
Facts? What are these "facts" you speak of? /overhaul the media.
kaelyiestaAug 18, 2010
Don't you dare champion unions as the defense against stagnation of wages. The unions restriction on labor and its other violent protectionism is just as much a harmful underproductive monopoly as any multinational ever was.
The only valid and beneficial unions are the ones that have not been integrated into the government and its use of violence to artificially raise demand and lower supply.
See here for some anger and evidence on that issue:
the anger http://www.youtube.com/watch?v=7tgAvXHRUpk
and the evidence http://www.youtube.com/watch?v=-fRggjq8Y1Y
bubotitanAug 18, 2010
It's not the Republicans or the Unions. The fact is that with outsourced and undocumented (illegal) labor, it depresses wages everywhere else. Who is going to pay someone $20 an hour for labor that an illegal immigrant will do for less than $10? Who will pay someone $40 an hour for tech support, when someone in India will do it for $10? Maybe this benefits us all in the long run, but you have to take these things into account when you are comparing wages of the past to today.Comment is buried, click here to see the rest.
cubicledroneAug 18, 2010
Or we could stop expecting the rectangle-heads to provide us all with careers and build our own instead.
The very moment you start your own business, outsourcing becomes absolutely, utterly and permanently irrelevant.
bestenemyAug 18, 2010
The American government functions alright, but for the benefit of the banker. The bankers hold all the money, the money controls all the politicians, the politician control all the guns and guns keep the population scared or voicing their opinions in any meaningful way. In addition, the public has an overwhelming fear of personal responsibility and a victim fetish. They'd rather live with a scum politician in charge of them, just for the benefit of being able to point the finger at someone later with a cry: "that evil man lied to me!"
The American public is not ready for the world where one has to live within his means, where global wage arbitrage dictates wages, bringing them to the lowest common denominator. Americans aren't prepared to lower their standard of living to the point that will allow them to become competitive in the global market.
Everyone awaits the return of normality, implying that it ended in 2007. No one is prepared for the new normal - systemic failures, high unemployment, low median income and high income gap... etc.
chuckdontsurfAug 18, 2010
"Start your own business."
So sayeth cubicledrone.
cubicledroneAug 18, 2010
You actually think I work for some rat f**k lying rectangle head asscrack in a cubicle?
chikenshitAug 17, 2010
really, is that what americans are thinking, thank you for telling us oh wise one
protodonAug 17, 2010
So what has changed? Find me an American that travels internationally and welcomes immigrants. They're few and far between.
kaiosamaAug 17, 2010
Clearly you don't know many Americans at all, if any.
protodonAug 18, 2010
I didn't write any of these:
http://www.google.com/#hl=en&safe=off&q=americans+don%27t+travel&aq=f&aqi=g1g-m1&aql=&oq=&gs_rfai=&pbx=1&fp=8478d0c50e31f107
thegreatone2009Aug 17, 2010
Clearly the only American channel protodon catches is FAUX news. That or protodon hasn't been to any university in America.
protodonAug 18, 2010
Clearly I've traveled a lot and there ain't no Americans out there. Canadians yes, Americans just go to the Carribbean which is pretty much US territory.
kaiosamaAug 17, 2010
Isolationism, protectionism, anti-immigration, fear, hate, intolerance, despise your government, yet trust in corporations, fear the outsiders, the best America can do in the 21st century is struggle to protect its borders...
...And the three ring circus (aka mainstream media) lead hook-nosed by a few loud and present right-wing radio/television caricatures rolls on.Comment is buried, click here to see the rest.
Closed AccountAug 17, 2010
Just keep voting for Democrats and everything will keep improving.
bcronosAug 18, 2010
Doesn't it have to *start* improving before it can *keep* improving?
Closed AccountAug 17, 2010
Americans have this really bad history of making decisions based on irrational fear. So anytime things start to look bleak, everyone assumes the worst and there is talk of collapse, etc, etc. and the ideas that come along with it. Dangerous in every way. No different than the post 9/11 insanity that swept through the country when people were calling the police because someone left a bag of laundry on the corner.
It's hysteria in every sense of the word and it always leads us down the wrong path.
Why are americans so terrified? I've nothing wrong with being vigilant but we always cross the line, give up whatever individual power we have and beg for someone else to save us.
benmleeAug 17, 2010
1. Isolationism incorrect. Defense budget is cut because government does not have enough money. Nothing to do with public setiment. If anything congress is trying to stop program cut despite what Pentagon wants because of job loss.
2. Protectionism incorrect. Never heard a word about buy America in this recession. Public are just glad they can still get cheap good because money is tight. Buy American was so 80's. Is been dead over 20 years now.
3. Anti-immigration incorrect. Anti-immigration started before the recession during the Bush administration. Widespread anti-immigration setiment did not kick in until immigrants started waving huge Mexican flags at their protests.
Is a good pre-emtive article though just to make sure multinational business still have freedom to operate anywhere without tax. And to make sure they have low labor cost at home.
rogerstrongAug 18, 2010
>> Never heard a word about buy America in this recession. <<
Then you were careful not to listen.
The US EXPORTS far more manufactured goods to Canada than it imports. That trade surplus accounts for nearly 600,000 high-paying manufacturing jobs in America, but is hurting Canada.
http://petemurphy.wordpress.com/2009/03/08/us-trade-with-canada-thank-god-for-canada/
Meanwhile many American states and cities have recently passed Buy American laws, preventing Canadian construction goods from being used in state and city projects.
In 2008 the US locked out most Canadian livestock using "Made in America" labelling rules. Since the slaughterhouses couldn't separate Canadian and American herds, they stopped buying Canadian livestock.
Between that and America refusing to honor NAFTA on things like durham wheat and softwood lumber, Canada has been signing free trade agreements left and right with OTHER countries. It's now negotiating a free trade agreement - and much more - with the EU.
It's no coincidence that right after America announced it's final decision to not honor its NAFTA obligations on durham wheat, Canada announced an agreement with China to send oil to the west coast for China, rather than south to the US. Europe is investing heavily in Canadian oil too.
benmleeAug 18, 2010
The general public has not been talking about buy American for a while now which is what the article is about. Everyone buys Chinese good. The entire shopping center stock Chinese goods. There are no buy American anymore. You can't even buy American anyway.
In international trades, there are plenty of squabbles on protecting each countries's own interest. Every country does that, not just US. That is just an on going disagreement, but not the general public perception.
rogerstrongAug 18, 2010
If the general public isn't talking about Buy American, it's because they simply EXPECT it. There's Buy American rules for government construction. There's Buy American rules - laws that block imports regardless of NAFTA - for the home construction industry. There's Buy American rules - laws that block imports regardless of NAFTA - in the food industry.
And it's merely a myth that you "can't buy American anyway". What's happening is that you can *also* buy foreign goods. Likewise, foreigners can now buy American goods. Like the surplus of manufactured goods exported to Canada, responsible for 600,000 manufacturing jobs in the US, mentioned above.
"But the number that best displays the nonsensical nature of the debate is 66% - the increase in the manufacturing output of American industry since 1993." [when NAFTA was signed]
[...]
"Put another way, the main job killer of the past 14 years has not been the "giant sucking sound" of jobs going to Mexico, as enunciated by Ross Perot. Rather it has been that giant humming sound of machines replacing humans."
http://blogs.usatoday.com/oped/2008/02/our-view-on-fre.html
The US has the largest manufacturing base of any country, and it's only increasing.
http://investing.curiouscatblog.net/2008/12/02/usa-manufacturing-output-continues-to-increase-over-the-long-term/
jareddennisAug 17, 2010
Hey Rupert. Is it already Tuesday?
midnighttideAug 17, 2010
The Democrats hop on these kind of articles like flies on s**t.
Isolationism - No, I don't see any of this, but yes, the United States needs to close many of its military bases around the world.
Protectionism - Yes, people should be worried about what is being made in America - do you realize the ratio of imports/exports is way out of wack, and is getting worse month after month? Do people realize that this is one of the factors that is killing the American economy (it also shows we are still living way beyond our means)
Anti-Immigration - People are getting tired of people coming into the country illegally. We welcome people who come into the country through the proper channels. We also realize that the conditions in most of the world is literally s**t. But are we supposed to support the entire world? I think not (we can't afford it either)
bcronosAug 18, 2010
Well said...
Closed AccountAug 18, 2010
Just another sad article by the WSJ. A once proud financial publication trashed by News Corp. I don't plan on renewing my subscription because of crap articles like this.Comment is buried, click here to see the rest.
darkshroudAug 18, 2010
Well now they're making money unlike most newspapers.
Closed AccountAug 18, 2010
Yes, but at what expense? News Corp. is all about the money, not about the substance, and THAT is no good in the world of unbiased journalism (which I expect a financial publication to be, this isn't the National Enquirer or Keith Olbermann/Glenn Beck)
darkshroudAug 18, 2010
I think it can be summed up simply if a paper is dying then they're either complete screw ups at business and/or they're content is garbage.
News Corp succeeds by having a mix of opinion pieces and factual news articles/stories and being clear which are which. People seem to enjoy this formula.
eraptorAug 18, 2010
@DarkShroud,
The Wall Street Journal's integrity, credibility and profitability were established long before Rupert Murdoch acquired it. Tragically, they have all taken a MAJOR hit ever since he bought it to polish his own tarnished and disgraceful reputation.
mcwhitebreadAug 18, 2010
RIGHT ON @CubicleDrone!
Start your own business.
Or STFU.
Self-reliance, Ladies and Gentlemen, must be your prime objective for the foreseeable future
(Barring a Federal Gov't gig. . ."An honest days wages for a half-days work" WITH BENEFITS!)
ecoreAug 18, 2010
f**k globalism and wide open borders.
The globalists are killing this country. If it's not globalists then who is it, because almost all of our leaders are globalists!
coremanAug 18, 2010
It's not that globalism is inherently evil, it is that it is inherently stacked against the interests of the US, by US-based multinational corporations. While the US is incredibly open, other large economies are quite NOT open. GM operating in China? Sure, in partnership with a Chinese company (which is probably more than happy to "let" other Chinese companies in on what GM does). US grass seed growers selling grass seed to China? Sure, for now. But the area of China that would be quite good for growing grass seed is about 10-20x larger than the Willamette Valley... At some point, China will start producing grass seed on the world market... Nothing quite like slowly cutting your own throat while making a dollar or two doing it...
(Yes, I live in the Willamette Valley and know a couple of grass seed farmers. Most of the cool-season grass seeds (ryegrass, fescues) come from the Willamette Valley...).
yeahwhatever58Aug 18, 2010
It was the beginning of the end for the US once we got immersed in a global economy. Where else can the number one economy end up when it is entangled with everyone lower than them? It has nowhere to go but downwards while the other countries will benefit from being brought in on the action. The only way to reverse it is that Americans have to think about America first. That includes ALL Americans....business owners, union leaders, everyone...America needs to get back to work...because once we do, there is no country that can match our ingenuity, hard work, and resourcefulness. America once had pride...American pride meant something...now our pride is being exported out everywhere else in the world.
gatorusmcAug 18, 2010
Our country would be better off if Barney Frank just stuck to fixing tickets for his male prostitutes and stayed the hell out of the military and financial issues.
qazwsAug 18, 2010
Anti this and that from stupid republicans.
Closed AccountAug 18, 2010
The Land of the Fat and Stupid is getting fatter and more stupid - how surprising!
In a few years time, we'll see American brown shirts marching in the streets and beating up anyone who is not lilly white - good f**king luck!
Comment is buried, click here to see the rest.
redwhitebemusedAug 18, 2010
Stop being a drama queen.
joneschallAug 18, 2010
Absolutely related to this post & worth a serious read: "Purpose Behind The Engineered Collapse"
http://www.zerohedge.com/article/guest-post-purpose-behind-engineered-economic-collapse
inactiveuserAug 18, 2010
Americans looking inward is news?
fan0914Aug 25, 2010
wow all those garments are so amazing and fabulous I don't come to your blog as often as I would like, but whenever I do I see some really amazing things keep up the good work! =)
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