Garry the Island Boy
2/10/2010 9:52:00 PM
On Feb 10, 5:01 pm, "octoad" <davk...@sonic.net> wrote:
> "Garry the Island Boy" <garry...@yahoo.com> wrote in messagenews:7f73aa49-321f-49c4-b23c-6831f72f3a2b@3g2000yqn.googlegroups.com...
> On Feb 10, 12:09 pm, "octoad" <davk...@sonic.net> wrote:
>
>
>
> > "Garry the Island Boy" <garry...@yahoo.com> wrote in
> > messagenews:0624569e-b813-47d5-87b8-43a89087a9d6@c4g2000yqa.googlegroups.com...
> > On Feb 9, 11:08 pm, "octoad" <davk...@sonic.net> wrote:
>
> > > "Garry the Island Boy" <garry...@yahoo.com> wrote in
> > > messagenews:4472b888-ae84-47b4-aaad-1c9f4a983842@a32g2000yqm.googlegroups.com...
> > > On Feb 9, 10:27 pm, "octoad" <davk...@sonic.net> wrote:
>
> > > > "booie" <ba_ba_b0...@webtv.net> wrote in message
>
> > > >news:f9729087-d18a-4581-a565-bd5cfdf81dd6@f12g2000yqn.googlegroups.com...
>
> > > > >How much of America does China own?
>
> > > > One hell of a lot. Its only a matter of time before they own most of
> > > > what
> > > > passes for economic activity here, mainly because they have so much
> > > > money
> > > > they don't know what else to do with it.
>
> > > > Besides the massive amount of US government debt that they own
> > > > (Treasuries,
> > > > Fannie and Freddie bonds, etc) their "private" corporations own huge
> > > > chunks
> > > > of major "US" companies as well.
>
> > > > And just yesterday I read that China's government itself is buying up
> > > > chunks
> > > > of "US" corporations through its gigantic sovereign wealth fund. VISA,
> > > > Apple, Coca Cola, Goodyear, and Morgan Stanley were on the list. Since
> > > > the
> > > > fund is a mere 3 years old and is just getting started, its just a
> > > > matter
> > > > of
> > > > a few years before China owns majority stakes in a lot of "US"
> > > > companies.
>
> > > > No, this is not a good thing. But it is inevitable as the US declines
> > > > into
> > > > eventual economic irrelevance in comparison to the Chinese juggernaut.
>
> > > > O
>
> > > And now, these multi-national corporations can influence our elections
> > > through "free speech." Face it, the GOP and it's policies have
> > > successfully handed the USA over to monarchies, socialist and
> > > communist nations all with %20 of the support of our country. A coup
> > > took place over two 2 term presidencies right in front of our eyes.
>
> > > *****************************************************************
>
> > > Well, the rise of China and the decline of the US was/is inevitable and
> > > is
> > > part of a long term trend, with or without horrible administrations and
> > > bad
> > > court decisions.
>
> > > Our economy is aging and makes less and less stuff as time goes on, our
> > > infrastructure is old and decaying, our financial system is a house of
> > > cards, our political system is ossified and unable to deal with large
> > > problems successfully, our education system is beyond repair, and our
> > > people
> > > have become increasingly lazy, spoiled, and just plain stupid.
>
> > > Meanwhile, in China, the economy is new, shiny and exploding, they have
> > > the
> > > advantage of building ultra modern infrastructure from scratch, their
> > > financial system is cool, calm, and collected, their political system
> > > turns
> > > on a dime to successfully address just about any economic problem (and
> > > they
> > > don't allow political dissent), their education system is advancing at
> > > amazing rates (especially their higher education system), and their
> > > people
> > > are industrious, work their asses off, and have become increasingly
> > > creative
> > > and entrepeneurial.
>
> > > It really doesn't matter what party is in power in the US when it comes
> > > to
> > > looking at our long term decline and China's rise. Some things happen no
> > > matter what US politicians do or don't do about them, and this is one of
> > > them.
>
> > > O
>
> > And we are the one who helped it along. THE WORLD AFTER AMERICA was on
> > this subject. Our spreading of capitalism and democracy has led to our
> > fall from being the leading industrial power.
>
> > *********************************************************************
>
> > Well, I'm sure you realize its far more complicated than that. Far cheaper
> > labor in China and elsewhere has probably been the main driver of the US
> > industrial decline, coupled with the increasing US focus on attempting to
> > create wealth out of thin air by engaging in non-value producing financial
> > shenanigans.
>
> > O
>
> Correct, but HP suffered some problems with out-sourcing, mainly,
> after they spent time and money training and educating the Third World
> workers, the workers left for better jobs at other manufacturers. . .
>
> **********************************************************************
>
> Of course there are problems at any number of companies as they try to flee
> the US and move everything elsewhere.
>
> Hmm. Was Carly Fiorina the CEO during that time? As I recall she ran that
> outfit into the ground before the current guy brought it back to life.
>
> Of course now she's touting her brilliant business experience as she runs
> for Senate in California............
>
> With her and that moron Meg Whitman, it seems that even that hotbed of
> innovation, Silicon Valley, is better at creating billionaire power tripping
> politician wannabes floating around under golden parachutes than it is at
> creating new technologies and good paying jobs.
>
> O
No, Carly was not involved and it was more accurately Agilent
Technologies at the time.
G.