February 10, 2015

Obama/Merkel Press Conference yesterday

First let us all appreciate that we do have 2 very intelligent people on this critical issue of Ukraine.

President Obama did a great job in representing US in a well thought out careful manner. I have great respect for Merkel for her commitment to search for a peaceful solution.

I am very sure they know the facts and as she say that they are politicians.

I have listen on this live and again on this you tube posting of the speech.

July 14, 2012

Thanks for thread

I need to watch this

July 13, 2012

Yes they are getting more income

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But they do want to pay their share

The general public get poorer.

Hence the increase in household debt.
The more services you cut that actually help the people the more they hurt.
Certain services cannot be for profit, however if such services are privatized then profit motivation will generally force up prices.
eg utilities cost, medicine and medical services, education etc. Everyone need them except that the propotion of such shoul and must not be the entire household income ( Refer Elizabeth Warren Video and changes and trend in how American spend their household income - just too lazt to look for it )

Of course with an increasing share of the income they end up paying more. Bush tax cut cannot be extended. In fact the taxes must be raised to maintain the services. Yes it is bailing out the people. If bailing out the financial sector is so easy why should bailing out the people be any different.

July 10, 2012

He going for the end game haha

Ask him to watch this for the end game.
Very very simple explanation of why USA is in do do land.

As for socialism being a bad word.
Cheaper education, cheaper health care, cheaper food, cheaper utilities bills, cheaper transportation etc reduces household expenses .... debt. For profit equal 100 of millions in bonuses Minimum wages means bigger profit bigger bonus

Here is a nice interactive chart of World debt
http://www.economist.com/content/global_debt_clock

Digest it well

Here is a chart of Government Private Debt
http://www.economist.com/blogs/newsbook/2010/08/government_and_private_debt_after_crisis
.Click on country and think. Compare debt composition between US and China.

Now let us all look at how much cash in wallet.
http://en.wikipedia.org/wiki/List_of_sovereign_states_by_current_account_balance

Now let listen to some sound advice
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