Hey China...Protectionist BUY AMERICAN Actions Are Coming...DEAL WITH IT

The Editor of Chinaview, Mu Xuequan wrote a whiny Editorial (setting the stage for Hillary's visit) complaining about the Buy American language in the Stimulus Bill signed into law by President Obama. Of course, he fails to mention China's protectionist economic policies while bemoaning ours...get over it Mu, we Americans on Main Street have had enough, and trust me...once riled, once we raise our voices, our DEMOCRATIC GOVERNMENT (reluctantly sometimes) listens to us. That $787 Billion Stimulus is going to be paid for WITH OUR MONEY, so keep your grubby little paws where they BELONG....tell President Hu to go fuck himself if he thinks he is going to get a large piece of Stimulus pie for China. If some of us here in America have our say about matters, China is about to lose its "Most Favored Nation"trading status, and is about to find out what happens when we Americans send a clear signal to retail outlets that we do not want to see shit made in China littering store shelves...simply stated, all the trade agreements in the world ARE WORTHLESS if citizens start voting with their pocketbooks. We have the ability to break the back of China's Economy, and this American would love nothing better than to see CHINA BROKEN.

Commentary: Trade protectionism no spur for world economic recovery

www.chinaview.cn 2009-02-19 05:51:16

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by Ye Shuhong, Li Rong BEIJING, Feb. 18 (Xinhua) -- The "Buy American" provisions in the 787-billion-U.S. dollar economic stimulus bill that U.S. President Barack Obama signed into law Tuesday, will deal a hard blow to world endeavors in saving the economy. According to the legislation, the "Buy American" provision prohibits the purchase of foreign iron, steel and manufactured goods for any stimulus-funded infrastructure project. The provisions, contradicting the principles of fair trade and posing potential hurt to developing economies, run against the general trend of intensified coordination and cooperation across the world community in efforts to tide over the economic crisis. Most economists believe it is a better choice for world economies to simultaneously adopt expansive fiscal policies, enlarge government spending and save the global market via free trade, which they said would stimulate increasing returns to scale and result in a virtuous cycle for the global economy. On the contrary, resorting to trade protectionism will only trigger a vicious cycle worldwide, they said. However, for the ideal scenario of collective increasing returns to scale to be realized, the world's economies should enhance dialogue and cooperation on the basis of complete mutual trust. The "Buy American" provisions in the U.S. package threaten to undermine the cooperation of trading partners based on mutual trust and will likely cause them to hesitate in implementing measures to save or open the market, or even force them to resort to trade barriers. As a result, the effects of the ongoing crisis might linger longer or even expand in extreme cases. Faced with the widespread global financial crisis, many countries have invested heavily in boosting their economies, or are at least preparing to do so. Enterprises in the United States also have their eyes focused on these stimulus packages, hoping to benefit from them. However, the gigantic U.S. economic recovery package has virtually shut the door on developing countries, raising the possibility of tit-for-tat treatment from those economies. According to The Washington Post, the major economies in Europe and Asia have all released their stimulus plans, which might benefit U.S. enterprises if they participate in them. However, the "Buy American" provisions in the plan are obviously geared toward protecting U.S. enterprises, which will hurt the feelings of other economies and raise the risk of similar treatment from them. Developing economies, including the emerging ones, have become an important engine for world economic development, and no revival plan can do without their cooperation and support. It is thus unrealistic to exclude the many developing economies from any stimulus plan. In a recent article in the Wall Street Journal titled "(U.S.) Congress wants a trade war," Princeton University economics professor Burton Malkiel pointed out that, "Buy American provisions invite retaliation by other nations, and the spread of "beggar thy neighbor" policies throughout the world." The steady growth of developing economies would offer more opportunities for developed economies to recover. Justin Yifu Lin, the World Bank's chief economist, recently repeated his call for a coordinated global stimulus to get the world economy out of deep recession. Developed economies mired in downturns should not close their doors for self-protection, urged Lin. Rather, they should try to help emerging economies expand their domestic demand to speed up world economic recovery. From that perspective, the "Buy American" provisions in the U.S. stimulus package are no doubt short-sighted.

Editor: Mu Xuequan

President Obama Through EARMARK Claims ONE PERCENT of ENTIRE STIMULUS

Did I Tell You Folks I LIE A LOT! Obama, President Porksalot

Remember the PROMISE OF CHANGE as Obama ran for office...remember his promises as he encouraged us to pick him instead of insider Hillary Clinton during the primaries? Remember his pledge about earmarks as he ran against McCain in the General Election...it was all a BIG FAT LIE. Forget the fact that there are earmarks into the tens of billions in this bill, lets focus in on JUST ONE.

The news has come out that Obama (during negotiations to reconcile the House and Senate bills) SECRETLY had his staff insert into the bill an EIGHT BILLION DOLLAR EARMARK for his beloved High Speed Rail! This despite his earlier public comments that High Speed Rail would not be in the Stimulus Package because the jobs it would create WERE NOT SHOVEL READY. So what changed Mr. Obama...YOU DISGUSTING LIAR!

Wake up America...the man who said publicly that there WERE NO EARMARKS in this Stimulus Bill has his OWN PERSONAL EARMARK that is work a FULL ONE PERCENT OF THE ENTIRE STIMULUS PACKAGE. Come speak to us now you two faced, double dealing forked tongue lying sack of camel dung. YOU STOLE ONE PERCENT OF THE STIMULUS, LET EDUCATION AND OTHER WORTHWHILE AREAS OF THE STIMULUS GET CUT SO YOU COULD HAVE YOUR EIGHT BILLION DOLLAR PERSONAL PRESIDENTIAL EARMARK. You sir should be IMPEACHED. When it comes to pork, you have shown yourself to be worse than a pedophile in a Walmart parking lot. You like Candy little boy?

Obama...Where is My 30 Percent MORTGAGE DISCOUNT?

In the latest news from the White House, it is being hinted at that millions of Americans who saw their homes slide into foreclosure could have the government (with our tax dollars) buy their homes back for them from the bank/lending institute at greatly discounted price (30 percent discount is being tossed around), and then negotiate out low interest 30 year loans so that these families can keep their homes. Now here is my question on this proposal.

We have played by the rules, made all our house payments. Despite this playing by the rules, we have seen (because of the mortgage crisis) the value of our home plummet, and we are currently paying mortgage payments 2.5-3 points higher than the mortgage interest these people in foreclosure would be paying under Obama's new plan. Where is the fairness in that? Why should I and others like me have to keep paying a mortgage at full original price, and at a much higher rate of interest while those that caused its value to plummet get a greatly discounted deal courtesy of my taxes, and GET A GREATLY REDUCED INTEREST rate on top of it all that will be made possible because of my taxes.

Does Obama really see this as fair? This takes those who were behind us in the proverbial food line if you will, and puts them WAY AHEAD OF US! Such a move makes us slaves to our now over valued homes and the mortgages on them, or forces us to just walk away from them...is that what you want Mr. Obama?

Why Middle America Should Just Say No To Bailout and Stimulus Packages

LIAR AND CHIEF

The more I see of Washington, the more I see of the Obama Bailout and Stimulus plans, the more I am convinced that President Obama and our National Government have no clue, the more I am convinced that they have no compassion for the average American who is being screwed royally as our economy crashes and burns. The more I see, the more I am convinced that the time has come for Middle Class American to take to the streets, the more I am convinced that we must use whatever force is necessary to take back our lives, our jobs and our American Dreams from those that are trying to steal them, and that includes every Politicians in Washington, DC and every illegal aliens residing/working within the borders of the United States of America.

Perhaps someone from the White House can explain to me why it is that my taxes should be used to bailout banks bad investments, why I should support a plan that would buy up Wall Streets bad paper when it is thier actions that have cost my wife and I over $100,000 in lost equity in our home, thus leaving us in an upside down mortgage? Perhaps Obama could explain to me why it is that I and others in the Middle Class have to accept our share of a Federal Bailout to the tune of trillions of dollars when, through no fault of our own we have seen our own retirement plans and 401 K's drop hundreds of thousands of dollars in value because of illegal activity on the part of Wall Street, and America's banking system....where is our bailout, and where are the criminal prosecutions of these rich elitists who broke our laws, stole our dreams? Your PALTRY $1,000 tax deduction when it is the government's failure to regulate to do its job that has cost us hundreds of thousands of dollars of our life nest egg is a REPUGNANT INSULT....take your rebates and tax breaks and stick them up your collective asses! Stop trying to march out before the people saying you are ON OUR SIDE...you are not on our side, and your desire to coddle ILLEGAL ALIEN SCUM proves that....who the fuck do you think you are when you intend of thwarting the will of the people in pursuing an Amnesty for 12 -25 million illegal alien criminals? Who do you think you are in supporting MORE H1 Visa's in the name of the National Chamber of Commerce and CHEAP WAGES?

There is talk about screwing us Boomers out of our Social Security because the system is BROKEN....with all due respect, this year alone (counting the matching donation from our employer on our behalf) my wife and I have put more than $11,000 into the Social Security System, have done so for years...WHAT HAS WASHINGTON DONE WITH OUR MONEY, when is Washington going to REPAY the IOU's in the Social Security Account for money wrongfully borrowed and used for decades now?

Don't tell us when we have paid into the system for over three decades now that we should be willing to accept the reality that Social Security will not be there for us, or if it is there for us, we will get less than half of what we are supposed to recieve in the name of preserving the system for future generations...SCREW YOUR TALK ABOUT FUTURE GENERATIONS....we have sacrificed our whole lives, and now you want us to live out our retirement years in abject poverty for FUTURE GENERATIONS...sorry, but FUCK YOU, FUCK THE DEMOCRATS, FUCK THE REPUBLICANS, and FUCK THE CORRUPTION THAT IS WASHINGTON DC, and FUCK THOSE FUTURE GENERATIONS...with Affirmative Action and various other Federal Mandates that always saw people like me asked to sacrifice for a larger societal goal, I am TIRED OF WAITING...it is my/our turn now, and all your talk of us pulling up our bootstraps and digging in so that those following in our footsteps can have a better life is HORSE SHIT. We played by the rules, even when those rules were NOT FAIR TO US....now it is our turn, and the fact that you expect us to give it up is simply unacceptable.

Tell me Mr. Obama why I and other Americans in the middle class, why almost 75 million Boomers close to retirement should be willing to sacrifice in the name of future generations when you and other fuck turds in Washington continue to let Illegal Aliens steal our jobs, depress our wages and ruin our neighborhoods? Tell us why is it you want to give them AMNESTY as it is the right thing to do (for who?)...do you know how OFFENSIVE THAT IS MR OBAMA...why the fuck does some CRIMINAL who broke at least four of our laws in being here deserve AMNESTY...they deserve a CRIMINAL RECORD AND DEPORTATION. If I as an American citizen broke the number of laws that an illegal alien breaks in being and working here in America illegally, I would be IMMEDIATELY ARRESTED, but in the name of the National Chamber of Commerce you and other scum like you want to look the other way, want to grant these scum AMNESTY. Tell me MR OBAMA...how many children of ILLEGAL ALIENS got health insurance when you signed into law your new Health Care Law....do you really think that is fair? If you do, you are one dumb assed ignorant Harvard Graduate. We in the middle class are tired of the worn out lie...they are taking job we will not do...BULL SHIT! IF those hiring illegal aliens PAID A LIVING WAGE, hard working Americans WOULD TAKE THOSE JOBS IN A HEART BEAT.

You promised change...where is it? You tell us to be patient...why should we be patient when every day we see you and your ilk continuing to bail out the rich and elite while fucking us over in the middle class.

Lets have some STRAIGHT TALK here Mr. Obama...how much do you expect US IN THE MIDDLE CLASS to suffer in the name of your dream of building a Socialist Nervana in which the rich and elite rule over a enslaved and meek serdom of broken middle class citizens? Can you give us a good reason Mr. Obama why we should not take to the streets in massive protests? Can you give us a reason why we should not take actions to protect our own jobs, to see that illegal aliens stop being allowed to work at jobs that are rightfully ours? Can you give us a good reason why we should not just walk away from our upside down mortgages, why we should not stop making payments on our credit cards and simply let the economy crash? If everyone but US IN THE MIDDLE CLASS are going to get a bailout while we are left holding the bag, why shouldn't we rebel against the injustice of it? You want to KEEP PEOPLE IN THEIR HOMES, but at WHAT COST TO THOSE OF US THAT PLAYED BY THE RULES? Their buying houses they could not afford, idiot banks lending them the money to do so have cost us EVERY PENNY OF EQUITY WE HAD IN OUR HOME, we are now in an upside down mortgage....yet, where is OUR FUCKING BAILOUT MR. PRESIDENT.

You say you want to HEAR US, then try really listening, know the anger that is seething here in our middle class neighborhoods, under stand the bitter hatred we have of illegal aliens because they HAVE STOLEN OUR JOBS, HAVE DEPRESSED OUR WAGE BASES, HAVE IN MANY CASES RUINED OUR NEIGHBORHOODS while Washington looks the other way, tells us in 30 second sound bites that Amnesty is the right thing to do. Tell me MR AMNESTY PRESIDENT...do you know what it is like to have 30-40 illegal aliens living in the house next door to you, and in the house across the street...do you know what its like to have the local police DO NOTING ABOUT IT because our city acts as a Safe Haven for ILLEGAL ALIENS.

Understand how close many of us are to saying to hell with it, as we walk away from our own debts and upside down mortgages convinced there is no other course since our government has decided it is us who have obeyed the rules that must bail out those that did not...A Nation of laws...BULL SHIT! In a nation of laws, 12-25 million illegal aliens would be deported, those that hire them prosecuted for their crimes. In a nation of laws, our banks would be nationalized, and entire management teams imprisoned for life. So far MR OBAMA, you have given people like me NO REASON to be patient, given us no reason to believe that you are on our side. Instead, we see more of the same as illegal aliens are coddled to, and the UBER RICH get bailed out at the expense of the middle class, while the National Chamber of Commerce uses their might to get you and the Congress to give them more and more bodies as they work to keep our wages depressed and bottomed out.

I would STRONGLY SUGGEST that you Mr. Obama stop playing games, would suggest you come before the American people ASAP and explain what it is you are going to do to make those of us in the Middle Class who have played by the rules our entire lives WHOLE AGAIN. Explain to us why we should accept AMNESTY for 12-25 million illegal aliens, why we should respect your belief that they should be allowed to keep their jobs when 5 million of us have lost our jobs, explain to us why you are KILLING E VERIFY in the name of scum sucking criminal illegal alien scab laborers that have depressed our wage base here in the middle class, stolen jobs that belong to us and our children. Explain to us Mr. Obama why we enmasse should not simply turn our backs on a government in Washington that has betrayed us, crippled if not forever stolen our AMERICAN DREAM. Oh...one last point...being against illegal aliens does not make myself or others racist...ILLEGAL ALIENS ARE CRIMINALS regardless of their nationality or country of origin. As example, I want ALL ILLEGAL ALIENS DEPORTED...this includes all the ones from Mexico, but also includes (as example) all the ones from Ireland as well.

Obama's Scam of an Economic Recovery Advisory Board

Wading right into the fray, lets attack Barack Obama for his scam on the American Public in his so called Economic Recovery Advisory Board that is littered with an array of scum buckets who contributed greatly to the current disaster we find ourselves in the middle of! His Economic Recovery Advisory Board is a perfect example of POLITICS AS USUAL, the board a perfect example of people being placed on boards, put into positions of authority based on who they know, and the favors they are owed...the board does not have ONE AVERAGE AMERICAN CITIZEN ON IT, does not have one person on it that can speak for the average American citizen that is paying the price for corporate and Wall Street abuses that caused this mess...you Mr. Obama are so far proving you are a brown nosing ass kisser who is playing the same favor driven, back patting game of politics that Americans are SICK OF...you disgust me!

The Dog and Pony Committee

The President's Economic Recovery Advisory Board

Chairman
Paul Volcker

Staff Director and Chief Economist
Austan Goolsbee

Members
William H. Donaldson, Chairman, SEC (2003-2005) Why have this man serving on the recovery board? He and his staff allowed the largest ponzi scheme ($50 Billion dollars) to occur right under their noses while he and his staff looked the other way! As we saw in the Congressional Hearings, if this man had no clue that the $50 Billion dollar scam was taking place, he lived under a rock, and thus has no right to be sitting in a chair on this committee.

Roger W. Ferguson, Jr., President & CEO, TIAA-CREF Is Mr. Obama aware of the lousy job TIAA-CREF does in protecting the assets of their investors...they don't even provide advice to their clients, leave our nations teachers and professors to fend for themselves, then claim innocense when their various offerings turn out to be lemons.

Robert Wolf, Chairman & CEO, UBS Group Americas Curious here...didn't UBS get some bailout assistance curtesy of the American Tax Payer?

David F. Swensen, CIO, Yale University

Mark T. Gallogly, Founder & Managing Partner, Centerbridge Partners L.P. Corporate Raiders specializing in predatory take overs of trouble properties and companies...talk about letting the foxes guard the hen house.

Penny Pritzker, Chairman & Founder, Pritzker Realty Group Talk about croonism and repaying favors...tell me Obama, what part did this woman play in your Presidential Campaign? Is this your idea of bringing CHANGE TO WASHINGTON...how many other favors are you going to repay with PLUM ASSIGNMENTS?

Jeffrey R. Immelt, CEO, GE

John Doerr, Partner, Kleiner, Perkins, Caufield & Byers Talk about INSIDER TRADING and questionable use of information...on the board of this company are such notables as both Al Gore and Colin Powell...tell us Mr. Obama, is it such a wise idea to give this speculative investor the inside track to sensitive economic recovery information, thus giving them even greater ability to use inside information to get even richer? Is this a round about way to repay the Clinton/Gore team for giving you such incredible access to their former staff in buidling your current one?

Jim Owens, Chairman and CEO, Caterpillar Inc.

Monica C. Lozano, Publisher & Chief Executive Officer, La Opinion How convenient you chose such little known association for Ms. Lozano...lets define a bit better her incredible WEB of connections as one of your hard hitters Mr. Obama...again, you show an incredible ability to play politics as usual, rewarding those who have gotten you where you are at, rather than putting people on this committee that could really help restore our economy to where it needs to be, people who can really understand the plight of the middleclass who are paying for the greed of people like these on your committee that actually CRASHED OUR ECONOMY!

Bank of America Corp. - director
California Health Care Foundation - director
ImpreMedia, LLC - SVP
La Opinion - publisher & CEO
Los Angeles World Affairs Council - director
SunAmerica Asset Management Corporation - trustee
University of California - regent
University of Southern California - trustee
Walt Disney Company - director
Weingart Foundation - director

Charles E. Phillips, Jr., President, Oracle Corporation All we need to say is H1 Visa and cheap scab labor...LOSER!

Anna Burger, Chair, Change to Win

You get the idea...Obama is not bringing change to Washington, DC but instead is doing business as usual, bringing in the UBER RICH To run rough shod over the masses, giving them the keys to the palace, letting them deside what crumbs from their own feasting table will be shared with us the huddled and broken masses.