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02.11.2008 6:13 pm

We overspent. We are threatened by Chinese manufacturing. And we’re told to spend more.

St. Louis Post-Dispatch

So we are entering a recession because we overspent for houses and other property.  We are threatened by China’s economy because our extreme spending has built their industrial infrastructure, resulting in huge dollar holdings in Chinese banks.   And the best fix that our government can muster is to give us all more money to spend to fix things.  I need an antacid.

Donovan Larson

Concord Village

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Yeah, and let’s go out and buy another rice-burner car because they are SUPPOSED to last eventhough they use recycled metal for the structure, hence the major rust issues. Even the screws on the license plates on foreign jobbers rust….just take a peeker the next time a jap crap car is in front of you at the stop light.

Americans think they are smart by purchasing light-weight, cheap Japanese cars that do not hold up and require expensive repairs.

— Megan
7:52 pm February 11th, 2008

Donovan,

Didn’t you take Economics in high school or college. Consumer spending in the macro sense is the economy’s fuel. You shut that down and you shut everything down. Businesses stop producing, if they don’t need to produce they don’t need to hire. If they don’t hire then wages don’t get paid. If people don’t get paid, they don’t spend. Lather, rinse, repeat…

Now in the micro, saving is better.. BTW, trade is good too.

Now get out there and spend.

— AJ
10:23 pm February 11th, 2008

The average American spends 130 to 140% more then what his/hers consumable income allows. That is a fact that economists agree on. How? Cheap credit, inflated home prices, you name it. Either way, Americans are heading for a crash. Something else a lot economists agree on. The government by borrowing money instead of cutting spending to give tax rebates is not solving any problems nor is it helping the taxpayer in the long run since it has to borrow money from China or take IOU’s out of the Social Security trust fund. Your choice, get taxed later to pay the chinese or give up your social security check in a few years.

— Tim E
5:57 am February 12th, 2008

Does anybody think that maybe our greedy corporations in this country are the biggest part of the problem, when they send their manufacturing plants to Mexico and other countries, so they can lay off American workers and just pay peon or coolie wages with no benefits?.

— Kenrick
10:50 am February 12th, 2008

The reason most Americans think the economy is poor is because wages have failed to keep up with prices. The number of Americans living in poverty has risen and so has the number of Americans without health insurance. The economic pie is getting bigger but most Americans are getting smaller slices. That’s because a few people are getting bigger slices. Although wages have stagnated under the Bush economy, corporate profits have doubled. In 2007, Exxon Mobil made more money than any publicly traded company, any time, ever! The oil giant announced last week an annual profit of $40.6 billion ( not including our tax dollar subsidies).
Add to that the Bush tax-cuts which shaved a few hundred dollars off the tax bills of most Americans, the richest 1% gained an additional $50K on average….The richest 5% of the population will receive more than half of the money resulting from the Bush tax cuts.

— Garrison
12:17 pm February 12th, 2008

Megan, I’ve owned a number of cars in my lifetime. My first car was a brand new Ford. It barely lasted one year before needing extensive repairs. I then bought a Toyota which lasted me 18 years before I gave it away (no room for the kids). It’s still running for the guy I gave it to. Since then I’ve had no less than three Chryslers drop their transmissions before they got to 100,000 miles. I learned my lesson and I’ve bought another Toyota. Spare me the ‘Jap crap’ rhetoric.

— Realitycheck
1:22 pm February 12th, 2008

Realitycheck-Try buying an American today and you might be surprised, traitor!

— Megan
2:12 pm February 12th, 2008

Your toyoter is so light the wind could sweep it away. Try buying a Cadillac or Lincoln and you will never experience a repair. You wonder what’s wrong with the economy. All the japs are reaping the profits, paying their workers low wages and utilizing cheap parts, tiny tires, mufflers underneath the car that are completely visible.

Even the dashboards crack on those flimsy cars. And the road noise is horrific. The doors are as light in weight as a feather. And I bet you really need to wear your sunglasses…NO TINT whatsoever and the doorjams get dirty inside everytime it rains….from having an Acura, I know..could not wait to get rid of that Legend…Cheap all the way around!

— Megan
2:21 pm February 12th, 2008

general motors is a publicly traded company with a lot of foreign shareholders and a number of factories overseas. so what exactly is an american car? the problem with the consumerist model is that you have to keep growing indefinitely, which requires that you find cheaper and cheaper labor, but then eventually those laborers also have to be given a television and a fast food happy meal with fries and an apple pie, and the time comes when you run out of serfs.

— r. willis
2:43 pm February 12th, 2008

Megan,
You need a serious education. The vast majority of Japanese brands are not imported anymore- they are made in the US by US workers.
Toyota- KY, WV, AL, TX
Honda- OH
Nissan- TN, MS
Mitsubishi- IL
Hyundai- AL
Subaru- IN

I would rather have any of those vehicles than a GM or Ford built in MEXICO! Yes, I said Mexico or didnt you know that “American” manufacturers built cars outside of the US???

— thekemist
3:00 pm February 12th, 2008

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