Comments on: Goldman Sachs: Brace For Recession In 2008

Wall Street's Biggest Investment Bank Predicts Housing, Credit Turmoil Will Shrink Economy

[incog-nito]

Indeed, there are no such thing as free and fair unless,at a minimum, the following conditions exist:

1. No government tariff, quota, or subsidy of any kind.

2. Workers enjoy the same labor and safety standards.

3. No current manipulation of any kind, or better yet, a common currency.

This will not happen any time soon, so no, there is no such thing and free and fair trade.

[shanev137]

Countrywide is toast. They are going belly up and their share prices will be worthless very shortly. Regulators are about to step in and not let them loan anymore money.

[searingtruth]

"...So there are many reasons for tariffs ..."
brianbwb


Indeed, "free trade" has always been a fallacy, and failure.

Fair trade, with the "fairness" determined by the country importing and exporting, is the only way I can see of preserving a just world economy.

And humane countries should also give primary credence to the human rights and relative living standards afforded the workers of other countries when determining trading policy.

For example, I have long advocated a 10 year economic disengagement plan from China, and it is a disgrace to our nation that it will take that long.

But we have become so embroiled with these despots that I can''t see us changing the labor and economic balance any quicker.

And of course, while living under the despot Bush it''s a little embarrassing calling the Chinese government the same thing, but Bush is an aberration who will eventually be brought to justice, and is not reflective of our historic American government despite our many imperfections and sometimes hypocritical actions.

While the Chinese government is, well, simply designed to be evil. And is.
ST


"In fact, history clearly records that our progress as a species is not impeded by our inability to solve critical problems; it is instead impeded by our inability to recognize and focus on them."
SearingTruth, A Future of the Brave

A Future of the Brave - www.searingtruth.com

[brianbwb-2009]

It seems like we''''ve been in recession ever since George Bush became President.
Posted by harp1963

"You''re still a young man, baby...." Tower of Power

We have been in a recession since 1972, Reagan printed bills to put a band aid on the machete wound...

[harp1963]

I wonder if the economy would be better if we had all the manufacturing jobs back that the Republican Congress, Senate, and our great leader George Bush gave to China when they passed the legislation giving the country with the worst human rights record "free trade" with America.

[brianbwb-2009]

Oh, I forgot, we don''''t like them furriners or their money.
Posted by B0ludo

Oh, we like them all right. I remember when, growing up in Detroit, later moving to a suburb called Inkster, that Dearborn, and Dearborn heights were "white" enclaves, Dearborn''s mayor, Orville Hubbard, vowed to keep it that way, as he saw the neighboring city of Inkster, which was mainly "Black" as "the undesirables" and actively encouraged discrimination. There was also another enclave, called Hamtramck, a polish enclave city surrounded by Detroit.

Check the demographics there now, Dearborn has sold itself, there can now be found the largest Arabic, Armenian, Iranian, and Iraqi immigrant populations in the US, and the once ridiculously paranoid anti Russian "White" population has celebrated Stanley cup victories by a largely Russian Detroit Red Wings.

Oh we like furriners, Because they are bringing money, and the US born poor can take a hike.

This is the future for all of America.

[harp1963]

It seems like we''ve been in recession ever since George Bush became President.

[b0ludo]

I guess we could always try to do what France does and bring in tourist dollars, what with the cheap dollar, we should be a cheap trick to anyone going on Grand Vacance... We got plenty of things to show visitors... The rust belt, South of the Border, plenty of Starbucks and there is the Grand Canyon and South Beach... Oh, I forgot, we don''t like them furriners or their money.

[usayesterday]

...I''''d bet my savings on the fact that the "anti-christ" will be a modern American conservative!

Posted by USAyesterday at 12:22 AM : Jan 10, 2008
..........

I know my statement above is rhetorical...

...but one cannot help but observe the actions of the modern American conservative and think that the biblical description of the "anti-christ" is not too dissimilar.

[brianbwb-2009]

to ST

I find myself in the strange position of defending Nixon, it wasn''t only his manipulation, remember, the secret activity that we call Vietnam started in 1956 during Eisenhower''s term, in Cambodia, and Laos, Kennedy was killed for wanting to end it, Johnson escalated it into Vietnam with his own version of 9/11, called the "Tonkin Gulf incident".

Nixon had absolutely no choice, he was forced to do what he did, the war profiteers had stolen an estimated $13 trillion between 1956 and 1972, when the "war" in Vietnam ended. The only reason that Carter gets blamed for inflation was that Nixon, in order to keep it in check, instituted a wage and price freeze, limiting wages and prices from rising more than 10% per year, which expired when Carter took office, after which, the Republicans would not let him extend the freeze.