Can China save the global economy?

john schulte — Thu, 09 Oct 2008 19:01:32 GMT

What about oil producing countries helping shoulder some of this bad debt. It would be quite ironic with leaders like Yugo Chavez and Mahmoud Ahmadinejad infusing oil money to save international markets. The Chineese funds though substantial are dwarfed by the oil producing countries assets accrued over the last sixty years.

Can China save the global economy?

Frederick Christensen — Thu, 09 Oct 2008 19:02:39 GMT

China by many definitions is still very much an impoverished third world country.Forget Hong kong,Shanghai and the Summer Olympics and focus on the awful living conditions of say,Hubeh,and you get my drift.China might not be even capable of "saving" China let alone any other country.

Can China save the global economy?

Bill McFarlin, Jr. Upland, CA — Thu, 09 Oct 2008 19:12:10 GMT

So, we're in debt up to our necks and need a country (or three) to "step up to the plate and buy more of our debt"??? When are we going to learn? And, in a faltering global economy that appears to be headed further south than it already is for quite awhile, pray tell where these "economic saviors" are going to be found. No one has any money to lend. The question I would like to have answered is, "How could the United States be so blunderously economic short-sighted"? From the country who brought forth the likes of Benjamin Franklin, who is purported to have said, "Neither a borrower nor a lender be", we're sure collectively acting like a mega-bunch of economic hypocrites.

Can China save the global economy?

kit hous, tipp city, ohio — Thu, 09 Oct 2008 19:24:27 GMT

Prof. Pettis and others point out that China has been giving out 3 trillion USD in loans to the US and UK etc. Can any one list out that who gets what in the fractions of that 3 trillion loans?

Can China save the global economy?

Lisa, Jamesburg, New Jersey — Thu, 09 Oct 2008 19:28:58 GMT

It is not China's job to bail us out for our greedy mistakes. Americans are all about spending and haveing the latest Channel or Versace bags. Instead of foolishly spending we should be saving our money. I am of the poor lower-class and I feel that because of other peoples mistakes I am now suffering even worse and so I feel the top money makers should suffer to and learn from their mistakes.

Can China save the global economy?

Pliny — Thu, 09 Oct 2008 19:35:36 GMT

China is still a third world nation with hundreds of millions of people in its rural areas still stuck in a state of grinding poverty. China's income has come from its lopsided trade with the West, mainly the United States, and its reserves are tied to our currency. China is utterly at our mercy and if our prosperity declines their economy will drop off into a black hole. If the world is to be saved only the U.S. can do it, but unfortunately we are rushing headlong to adopt the failed socialist policies that the rest of the world has already tried and demonstrated to be failures.

Can China save the global economy?

jane doe, somewhere, Florida — Thu, 09 Oct 2008 19:36:38 GMT

Why would they want to "bail out America"? This is exactly what they have been trying for decades to create. They know they can't best us militarily, so the only other way would be to hep destroy our economy. MAYBE they didn't directly do it themselves, but this is like the perfect storm for them. They get what they want without having to dirty their hands.

Can China save the global economy?

Chi, New York, NY — Thu, 09 Oct 2008 19:40:44 GMT

The crisis could end up as China buying America instead of bailing out America. Chinese may not like to spend, but love to buy properties, especially when they are in good deal. Lots of failing companies aren't really not-profitable in long run. It will be funny to see if some major/well-known US cooperation became a division of some Chinese company. This would become selling uS's future for fixing the current crisis.

Can China save the global economy?

Ken from Providence — Thu, 09 Oct 2008 20:04:53 GMT

They could send us some of their stock piled consumer goods like flat screen tv's, dishwashers and other home appliances. They could supply troops and tanks for us to keep the world safe for democracy and capitilism. They should do this for a land lease like we did for Britian during WW2. Ohhh, that's right, their a communist nation diametricly opposed to everything we stand for,, OOpps how foolish of me.. maybe we could trade california for help. Their socialists anyway right ???

Can China save the global economy?

bob,flint,mi — Thu, 09 Oct 2008 20:18:26 GMT

nafta has done well for China, pity it did nothing for the United States..except put us on a spiral downward

Can China save the global economy?

Charles Alailima, Bainbridge Island WA — Thu, 09 Oct 2008 20:28:28 GMT

Can the economists and others not see that continuing to prop up a consumer oriented economy in the US or push China into becoming another consumption addled society just isn't healthy environmentally, socially or economically. Focusing the world's resources and technology on world-wide infrastructre development, food production, health care, population control and environmental and exploratory science makes alot more sense than billions spent producing the latest gagets and toys for spoiled western markets.

Can China save the global economy?

Tom Chatterton, Vallejo, CA — Thu, 09 Oct 2008 20:28:52 GMT

I think China could very well lead the path out of a recession, if they feel like it. But, they still have a tendency to deal mostly with internal affairs. They have just adjusted to being an export giant. I do not think they are yet ready to become Western Style importing consumers. But, China has always been a major world trader historically. Since they see family as more centrist,(it's cultural), they will continue to hoard savings at a much higher rate than Westerners, without cultural appeals. I think this can only reverse if China's middle class are taught that 30% savings are not practical in a 21st century market. (It will confuse them.) However, even a reduction to 15% would have a significant world impact when you consider 1.3 billion people.

Western countries have to lift themselves out of this mostly on their own, short term; and maybe in 2-3 years, China will start to meet us halfway. That is only after it is certain world economic (and probably political) power has shifted in their favor. But first, the Western Powers will have to acknowledge it with some humility.

Can China save the global economy?

Sandra Corl — Thu, 09 Oct 2008 20:31:08 GMT

I don't want to be bailed out by China.

Can China save the global economy?

Brandon, Rockville, MD — Thu, 09 Oct 2008 20:39:19 GMT

This is dangerous. The last thing the US needs is more foreign debt, let alone to a country that isn't exactly our best friend politically. It is not the responsibility of the Chinese to bail out our financial institutions (frankly, it's not OUR government's job, either).

Can China save the global economy?

grandma in Illinois — Thu, 09 Oct 2008 21:04:53 GMT

Feeling their pocketbooks pinched might have serious political implications, too, especially coming on the heels of a Summer Olympics that bolstered popular sentiment for the government.

I fail to see how the Olympics bolstered popular sentiment for China here in the US with the public? And with the baby formula issues and previous issues with pet food and toothpaste, I have no respect for China. If people in China have to use these tainted measures to sell their products in order to survive and if the regulations are so lax as to allow these products to harm people then I certainly don't want China to loan anymore money or buy anymore debt for the US. The US needs to make more of our own products again and not depend on as many imports. We buy too much from foreign imports already.

Can China save the global economy?

Oscar , Los Angeles — Thu, 09 Oct 2008 21:17:09 GMT

Nobody bailed the US out of the Great Depression. I think the best path right now is to simply let our economy recover itself - even if that means treading along in recession - it's a cycle.

Can China save the global economy?

Robert, Houston, TX — Thu, 09 Oct 2008 21:20:19 GMT

That $2 Trillion is just on paper, not cash in the bank so a China backed bailout won't be happening. Could we make it easier for them to import from us, bridge some financial gaps, sure, will it help, not really. Let's just sell them the whole messed up country and learn to speak Mandarin. I like Chinese food anyway. :)

Can China save the global economy?

wgtodd — Thu, 09 Oct 2008 21:24:17 GMT

Huummm Ever think its was China that helped get us into this mess they got bailed out in the fannie and mac,I dont want their help, Ill take a $90.000 lost frist,And I could go on about this: NO CHINA ,,,Wal MART

Can China save the global economy?

Cy Marsden Milwaukie, Oregon — Thu, 09 Oct 2008 21:24:52 GMT

Thats what most people can't get through their thick heads (including McCain)-----that when the economy goes sour then NOTHING else matters, and I mean NOTHING!!!----remember that old saying--"It's the economy STUPID"

Can China save the global economy?

Marty Lawson Harrodsburg, KY. — Thu, 09 Oct 2008 21:25:20 GMT

China cannot save the American economy. Neither can Japan or Russia. Only America can do this and only if we listen to what God says. The America people have robbed God and the only way we can return to our wealth/prosperity is to do what He says:

Listen to HIM:

Proverbs 3:9-10 Honour the LORD with your wealth, with the firstfruits of all your crops; THEN your barns will be filled to overflowing, and your vats will brim over with new wine.

HE also says: (Malachi 3:8-10
8. "Will a man rob God? Yet you (America)rob me."
"But you ask, 'How do we rob you?'
"In tithes and offerings.

9. You are under a curse—the whole nation of you—because you are robbing me.
10. Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this," says the LORD Almighty, "and see if I will not throw open the floodgates of heaven and pour out so much blessing that you will not have room enough for it. 11 I will prevent pests from devouring your crops, and the vines in your fields will not cast their fruit," says the LORD Almighty.
12 "Then all the nations will call you blessed, for yours will be a delightful land," says the LORD Almighty.

Congress had robbed God, Washington has robbed God, You and I have robbed God because of our failure to do what he says. And now, the consequences appear. How do we react? Do what he says! There is no consideartion in the Bible only for Christian people to do this. All people are included! America as a whole!

Think about it! Our Forefathers didn't have this problem! They gave!

Can China save the global economy?

wgtodd — Thu, 09 Oct 2008 21:26:37 GMT

Can China save the global economy?

America Rocks, Dallas, TX — Thu, 09 Oct 2008 21:38:04 GMT

Wow, after reading through everyone's comments it becomes obvious that we are in this mess because of how stupid people in america have become. we should all get use to this, our future is not that bright.

Can China save the global economy?

Carolyn T. — Thu, 09 Oct 2008 21:42:59 GMT

I agree that a Chinese bailout would be dangerous in the long run. We have too big a national debt to add to it. I think that the reckless company excecutives should be paying back as much in millions as they have taken out of the economy.

Can China save the global economy?

Larry G. some where in texas — Thu, 09 Oct 2008 21:47:15 GMT

this is for jane doe in florida. China has a army with over 200 million soldiers. That is more people than the ENTIRE United States. We could not hope to defeat them in a war.And yes they do have the bomb and the means to hit the USA. The reason that we are in this mess is because of greed on the part of so many self-centered people in high places in both government and in the private sector.
I really do not think tht China can bail out anyone when they are in really a third world country.I mean look at their 'space program' They are just now doing things that the US did in the 1960s.

Can China save the global economy?

Larry G. some where in texas — Thu, 09 Oct 2008 21:47:17 GMT

Can China save the global economy?

Jonathan, Chengdu, China — Thu, 09 Oct 2008 21:59:18 GMT

"China is still a third world nation...China is utterly at our mercy"; "I don't want to be bailed out by China"; --- these two examples of ethnocentric ignorance and bigotry entries are probably enough to demonstrate once more the folksy and asinine (and probably, intrinsic) lore of a late "great" but pugilistic and obnoxious nation. There are a 1,000++ pages worth of examples, but, hey, ignorance is bliss! Let everyone just get deeper into the mudd, let them solve their own problems and stop invading other countries (here's one way to save some cash!). China is an "emerging" market ("third world" parlance has been out of circulation for more than 25 years...after that, there were LCDs...so one gets a pretty good opinion of the age of these bloggers who appear to be adolescents in their late 50s) and no worries, she has no desire to bail you out! China has been re-evaluating its foreign currency holdings policy for many months now....Euros and CHFs are far more attractive. And, for a "thirld world country", the Chinese are smart enough to live within their means and not owe every inch and fibre of their dwellings to total strangers.

Can China save the global economy?

james, pittsburgh, PA — Thu, 09 Oct 2008 22:00:43 GMT

all this talk about bailout from China just underscore the panic and desperation that's floating around out there. Even in the best of time, Chinese government were having a hard time keeping things together in China. What makes anyone think in this worening global economic condition, that they would have anything to spare fore bailing us out? Just desperate people grasping at straws.

Can China save the global economy?

NR — Thu, 09 Oct 2008 22:02:47 GMT

Who is driving America: Pres.Bush. According to our constitution, we can only sit and watch him driving. He still enjoys 30% support, folks. Who is real threat to America: few taliban terrorists or 30% of those Americans who still think our economy is strong and supports Bush policies. We are not here by accident. We elected irresponsible Govt. not once but twice and we got the result of the same. With the kind of Foreign policy, not to talk to other nations, we alienated ourselves from many strong nations. Now Economy collapsed, security screwed up, foreign relation strained, Global warming ignored, deficits added up month of month for the last 8 years. Now who will help us? we should be happy if they don't hit us. This is Bush America? We will not get help from anywhere. trust me.

Can China save the global economy?

Michael Steib, McAllen TX — Thu, 09 Oct 2008 22:07:22 GMT

Remember capabilities such as analysis and communication capabilities! The "bottom of their class" gang has messed things up enough with simplistic ideas worth more for manipulation than for doing the hard work our leaders have neglected: on intelligence reports to keep from misplacing our power and leading to the need for a costly surge, on regulation-deregulation to keep from falling prey to Keating Five type action and giant bailouts, on diplomacy to keep from losing our standing in the world, and even on flight manuals to keep from losing planes. Capabilities such as analysis and communication capabilities work toward getting the right advisors and coordinating ideas to build back our countries strength. We need those who understand how manipulation from special interest lobby groups uses simplistic ideas to take advantage without dealing with the more complex results that may weaken our country, both here and abroad. We have been taken advantage of in several important areas: the economy, the fight on terrorism, and the diplomacy in our world. Lets not continue to be distracted with simplistic ideas that manipulate and distract rather than help build back our strength as a nation. We have had a lot of costly poor judgment and the results are upon us. We need to tend toward leadership from the top of the class to build teams to work with the complex results of our past leadership from the bottom of the class. Simplistic ideas we are fed from the special interest groups have some emotional delight but are not enough.

Can China save the global economy?

Very concerned, CO. — Thu, 09 Oct 2008 22:18:41 GMT

Lock down our borders and stop sending economical aid to other countries. Stop tax breaks for EVERYONE and shut down greedy, lazy people's welfare.

How many people in the world hate us, but still take economic aid from us? Take care of our own problems.

Can China save the global economy?

Jonathan, Chengdu, China — Thu, 09 Oct 2008 22:23:51 GMT

Throughout its history, China has never been expansionist, especially not in geo-political terms. There is a reason why, in Chinese, China is called "Middle Country" (the usual translation is Middle KINGDOM). A country that considers itself to be the very center of the planet is not likely to engage in any so-called adventurous activity (it does not need to) and, therefore, the chance of China-led bail-out are less than remote. China rightly sees its own backyard as the most important -- family, town,city, province, nation, roughly in this order. Invest China will, but only to the extent of its own self-interest. Why should it act otherwise?

Can China save the global economy?

Paul Lambster, Anchorage, AK — Thu, 09 Oct 2008 22:30:38 GMT

Sandra Corl, there is always the soup line for the proud ones. Just bring your soup-bowl, and be sure it is NOT Chinese made.

Can China save the global economy?

Frank, Dallas, TX — Thu, 09 Oct 2008 22:33:10 GMT

China probably would bail us out if we asked - they want us to continue to be their best customer just as badly as we want to continue to get cheap goods. If, however, some sort of political tummult in China occurs and some hardliners take over, exactly what would stop China from SELLING its 2 trillion in treasuries and really wrecking our economy? You thought the US buying $700 billion was ineffective at producing positive results.... just imagine the damage from someone selling 3 times that much...

The needed course of action is that we need to continue to encourage china's move toward capitalism and away from communism... unfortunately, for the little guy, that means continuing to buy all things made in China, regardless of quality...

Can China save the global economy?

RN, Seattle, WA — Thu, 09 Oct 2008 22:38:12 GMT

The Chinese save more because they don't have a social safety net like our social security. If their government wants to encourage domestic consumption, they need to set up social security and medicare for the elderlies, and affordable student loans for college students. When people know that they'll be cared for financially after retirement and their children will be able to go to college on loans, they're inclined to consume more.

Anyway I don't think China's economy has matured to a point where they can do that yet. The real people who have the money to bail us out are those oil rich countries who hate us whom we don't want to be even more indebted to.

Can China save the global economy?

Sharon S. Taylor — Thu, 09 Oct 2008 22:42:10 GMT

If China bails us out, exactly what will they demand in return?

Can China save the global economy?

James Blake, Fort Brag, NC — Thu, 09 Oct 2008 22:42:11 GMT

There is an insurmountable difference that favors the Chinese, and that is they may be mobilized like no other country in the world. Instead of the bickering and finger pointing as in the USA, they stand fast, united and strong. It is a matter of time before they surpass anyone in the world. Good for them. If this was on a "deserve" basis, they would be on top, we on the bottom.

Can China save the global economy?

Marty Spencer, Bay City, MI — Thu, 09 Oct 2008 22:47:19 GMT

The last thing America needs is more money from China! Why don't the call us CHIN-AMERICA?? What is wrong with teaching Americans to depend on themselves? Why can't we save money and fix this problem ourselves? Why don't we save money, buy American, and create jobs which will support families here?

Something is seriously wrong with our government and our country!

Can China save the global economy?

DAN, OHIO — Thu, 09 Oct 2008 22:53:59 GMT

AMERICANS HOW MUCH IS ENOUGHT! THE RICH GET RICHER & POOR GET POORER. IS ONE MAN WORTH BILLIONS OF $$ AS MILLIONS OF CHILDREN STARVE TO DEATH EVERY DAY? IT IS THE SUPER RICH WHO CONTROL ARE GOVERMENT & THEIR PLAN WAS TO SLOWLY ELIMINATING THE MIDDLE CLASS. IF THEY DID IT ALL AT ONCE WE WOULD REVOLT! THIS HAS NOT BEEN A GOVT. FOR THE PEOPLE IN DECADES! THROW ALL THE GREEDY OSB'S OUT & LET AVERAGE AMERICANS W/REAL AMERICAN MORALES RUN THE COUNTRY. THAT WAS AMERICA'S FOUNDING PRICIPLE! IAM SORRY TO ALL THOSE WHO FOUGHT & DIED FOR THIS COUNTRY THEY GAVE EVERYTHING & THE RICH PROFITED & SOLD THEM & US OUT!

THIS IS THE CHERRY ON BUSH'S PRESIDENCY HE IS THE WORST PRESIDENT IN US HISTORY HE PROBABLY WORST THAN THE FIVE WORST PAST PRESIDENTS COMBINED! HE STOLE THE ELECTION LIED TO US ABOUT IRAQ & EVERYTHING ELSE.

Can China save the global economy?

Wei, Hillsboro, OR — Thu, 09 Oct 2008 22:59:42 GMT

Listening to you own people is the only way to save this country in a long run.

Can China save the global economy?

Elvis Perez, miami florida — Thu, 09 Oct 2008 23:00:36 GMT

This problem was coming from years ago , all this big companies moving the work force out to china and alot of other contries so they can profit fast and save pennies and making us belive that credit is sooo good ( NO CREDIT you are nobody in USA) get money pay latter is the american dream....and know they whant a bail out from there own mistakes Nooo..... now f--- them i wish there is no bail out. Learn to invest in America --made in America for Americans

Can China save the global economy?

Wei, Hillsboro, OR — Thu, 09 Oct 2008 23:03:15 GMT

The President need to walk out of the White House and listen to the Citizen.

Can China save the global economy?

Mark Dockery, Reidsville, NC — Thu, 09 Oct 2008 23:08:11 GMT

China relys on the U.S.; not the other way around.

I'm not trying to be elitist or anything, but their reserves are in US dollars. If our dollar or economy (thus, our dollar) collapse, then so does their wealth.

China is still a third-world country; don't just read articles and listen to the news; go and visit China.

Can China save the global economy?

Wei,Hillsboro, OR — Thu, 09 Oct 2008 23:14:25 GMT

Be a president is easy.
Be a qualify president is hard.
a qualify presidnet need to have the ability to foresee things; to tell what informations are correct and what is the wrong one(informations are crictical for success)to tell who are the people around. because these people will affect what you think, what you act.

Can China save the global economy?

Billy Baggins, CA — Thu, 09 Oct 2008 23:16:01 GMT

What an absolutely horrifying concept. To borrow money from a country whose economy WE built in the first place due to the lopsided trade deficit created by NAFTA. China DOES have it's own problems as well, why do you think so many flock over here? And those who do don't benefit our economic situation as well...if anything, makes it even worse. WE need to get out of this mess somehow, but not by allowing China to reap the rewards of failed policies set forth by the Bush Administration and their representatives falling asleep at the wheel.

I pray for us all!

Can China save the global economy?

Adegbite, New York — Thu, 09 Oct 2008 23:25:08 GMT

China bailing us out!!! That is uncalled for. We don't need Economist to short out our problem either. Our problem is solved if and when we accept the realty of how we got into this mess in the first place. Upon careful analysis, we can work our way out of this mess. And don't forget that to get there, we need a Futuristic and highly intelligent leader. We should all pray for that one!!!

Can China save the global economy?

john smart — Thu, 09 Oct 2008 23:25:32 GMT

Forget the chinesee. We are on the brink of a new dark ages.Even the goverment backed savings(FDIC) wont hold up to what is comming

Can China save the global economy?

K Chi — Thu, 09 Oct 2008 23:27:13 GMT

You gotta be kidding. They cannot even save themselves from the recent scandals of quality assurance of Made In China. These are good examples of a growing economy which is corrupted and lacks quality control regulations. It has potential but they do not realize what it takes to get there the right way.

Can China save the global economy?

Ray, Samui, Thailand — Thu, 09 Oct 2008 23:36:08 GMT

Great, I'm an old geezer.
What would mankind lose - USA going down the tubes ?
Empires have come & gone before.
So what is new ?
Continents have drifted apart - species appeared & disappeared.
Just elect in the forthcoming election - who you think
could be an agent for the better.
Your life + that of your proginy will greatly depend
on your forthcoming choice !!
IF you don't sleep well tonight - I will have succeeded in arousing you out of your complacency.
The times they're a changing.
"Bob Dillan" quoted.
I should've died earlier and leave beautifull corps!

Love you and leave you.

Can China save the global economy?

Rudy, LA, CA — Thu, 09 Oct 2008 23:38:08 GMT

We are in this messed because of greedy executives. They should all be locked up. They get millions of bonuses while the co. they manage are going under.

Can China save the global economy?

E, Simy Valley, Ca — Thu, 09 Oct 2008 23:50:37 GMT

If the chinese are destroying our economy is because we allow them to do it. Dont' get me wrong I am on the rihgt side of the political spectrum but corporate America is giving away our country because of greed. Who will pay the ultimate price? We the American citizens. I was not happy with the idea of the economic bail out and it's not clear if that will really help.
Do we really want to owe more to the chinese government? I DON'T THINK SO.

Can China save the global economy?

RAFAEL, YAKIMA WA — Thu, 09 Oct 2008 23:54:49 GMT

i think it is our own stupidity, for having the kind of government that we have put up there ourselves! now the government tell us what to do, when we were supposed to tell the government what to do!

Can China save the global economy?

Chris, Southern California — Fri, 10 Oct 2008 00:19:46 GMT

Hmm, maybe we should minimize our ports income "especially from China" and actually become a manufacturing nation as it was before. This will then increase the job flow and create some job surplus. Creating job surplus will then create more currency flow here. I do recall alot of American Companies leaving the U.S. to other nation to pay for less wages. The U.S. actually did this to themselves. Not to mention the Top Ranking Executives that go out and relieve stress and spend on Tax Payers money.

Can China save the global economy?

Wei, Hillsboro, OR — Fri, 10 Oct 2008 00:23:57 GMT

The best way to win is to win without war, to win without even be noted.

Can China save the global economy?

E. Oland — Fri, 10 Oct 2008 00:40:34 GMT

Our Government and the business community want the
people to continue this insane comsuption and easy
credit, because we have nothing else. We have been
sold down the river by both parties. A third party
is needed badly, one with a real agenda

Can China save the global economy?

Davis, Denver — Fri, 10 Oct 2008 00:50:47 GMT

I can't believe we are trying to get China to bail us out. We need to do 2 things. First, stop the globalization effort, America First. This globalization has caused much of our problem and it is destroying our country. Second, DO NOT ask China to bail us out. Their nationalistic (they are not a global contributor, they just use it to their advantage) monitary manipulation has also probably contributed to our decline, much to the delight of China.

Can China save the global economy?

Brett, Boise, Idaho — Fri, 10 Oct 2008 00:52:31 GMT

So what happens in a country where we feel entitled to cheap fuel, cheap and abundant food, social sevices available round the clock gets taken away from us? Not to mention millions of families who have worked their whole life only to see everything they have worked for erased in 3 weeks. Pretty sure civil wars have broken out for less.... heaven help the rich folks who facilitated all this. People offered free money to buy a home with no validation of their income, WOW, can not believe someone took a free gift lol. Now our government will be the largest default bank in the world along with being the largest free mortgage holder. Buckle up folks, the ride is about to get interesting.

Can China save the global economy?

Greg, PA — Fri, 10 Oct 2008 00:55:52 GMT

How can China bail the U.S. out when they already own it?

Can China save the global economy?

Fri, 10 Oct 2008 01:23:07 GMT

Brandon... We've been borrowing LOTS of money from the Chinese for years now. You know the stimulus checks alot of Americans got this year? Well guess where that money came from.......China!

Can China save the global economy?

VOTE THEIR ASS OUT AMERICA — Fri, 10 Oct 2008 01:34:06 GMT

VERY SIMPLE IMPEACH THE CROOKS THEN JAIL THEM ALL FOR 20 YEARS.

REMEMBER YOUR VOTE DOES COUNT, VOTE AGAINST ALL IMCUMBENTS ALL ALL THEY HAVE GOT US IN THIS MESS

CLEAN OUT CONGRESS AND GOVERNMENT, CUT OUT ALL THE PORK, ALL THE LOBBIES ALL THE MONEY. MAKE IT AN HONOR TO SERVE IN CONGREE NOT A PERSONAL THIEFDOM.

Can China save the global economy?

dan patt — Fri, 10 Oct 2008 01:39:11 GMT

too many people here are uninformed and have distorted view compliments of mr limbaugh and his ilk who keep conservatives in power that screw all of us except the top percentile then tell you its not the corporations fault its the poor people fault, healthcare cost as much as amortgage so what quit winning mortgage company hands you a 147 page document that contract law graduates cannot understand ,they make massive commissions because the loan is loaded with hidden traps , massive prepayment penaltys and doubleing of interest rate all hidden from view, too bad its your fault says rush , why do you think he has more money than china think bush is still a great guy you are being duped into betraying yourself and your fellow workers by your good buddy hannity and he keeps you mad all the time, people who are addicted to right wing radio need an intervention plan so they can read on there own and come to there own conclusions not the ones they are paid to give you

Can China save the global economy?

DR Blaise — Fri, 10 Oct 2008 01:42:46 GMT

I don't think many people understand yet. The US is in for many years of a depressed economy. We have a LONG way to go before hitting bottom. When people realize that there will be no "bail out" and realize that WE THE PEOPLE have to work and SAVE our way out of this mess, NOT corporations, NOT the government..then we will be close to the bottom and will be ready to work our way up again. We still have years to go before people realize this...probably decades.

Can China save the global economy?

Ang.James — Fri, 10 Oct 2008 01:50:14 GMT

I am still perplexed as to the greedy CEOs and other company top exeutives receiving more money in termination bonuses then any one individual could spend in one's lifetime.They should be waraded with hard labor jail time and their entire golden parachute proceeds should be garnished along with their other personal assets and given back to all the employees who lost their jobs because of their inept leadership.I assure you,if this was a third world country the head honchos would be standing up against a firing squad.They would all be wearing drab uniforms plasterd with the letters "GREED GOT ME HERE".America may have the middle class but the middle class in reality ,is the true lower economic strata of our current democratic culture.

Can China save the global economy?

Kev Vikanova — Fri, 10 Oct 2008 01:52:08 GMT

Listen to yourselves, people? How pathetic has America become that it already owes trillions of dollars to what is still officially a COMMUNIST country and its musing about borrowing more? This would have been unimaginable back in the 80s.

The American superpower is over. America is in the position of England just prior to the second world war - a spent and tired power that looks more impressive on paper than it is in reality and China the emerging successor dominating power.

Back in the early 80s there was talk of the decline of the American Empire. I think it was just 25 years too early in its prediction.

Can China save the global economy?

We-toddit Economics, Happy, Texas — Fri, 10 Oct 2008 01:55:51 GMT

Good idea, let's make the greenback worthless, if you're already rich or ready to retire who cares about inflation. Let's borrow, borrow, borrow and pass the buck for another American generation to foot the bill of a debt which will take several generations to repay, as long as we can continue to live a life of hedonism and indulgence. Let's also encourage all developing countries to follow the Chinese model...people are basically like pigs and cattle, they really want personal consumption and wealth accumulation over democracy and individual freedom. You know there's another option to borrowing money from foreigners, just live within your means and suck it up. Boomer generation stop being such a spoiled brat generation and leave something for the rest of us.

Can China save the global economy?

Mariska del Mar, Honduras — Fri, 10 Oct 2008 02:05:26 GMT

I can't understand why any other country has to come to rescue USA, american people like to live like royalties, spending money or getting credit to live with luxury, when other countries are living with modesty and saving money, now, they want these people to lend them money, shame, shame, USA, stop all that foolishing way of living, be modest, humble yourself in front of GOD and you might get the answer to your problems.

Can China save the global economy?

james toronto Canada — Fri, 10 Oct 2008 02:09:25 GMT

If you guys down south , really want to solve your problems with the greedy CEO's on Wall St & the corrupt ones in the White House & IMPRESS the Chinese all you got to do is shoot the BASTARD's as enemies of the state & sent the bill for the bullets to their parents , as a penalty for raising such evil citizens . then you can make nicey-nicey with guys in China. then your in step the dudes who have all the BLING_BLING

Can China save the global economy?

Dee Jay — Fri, 10 Oct 2008 02:11:27 GMT

To Bill McFarlin, Jr., You talk like the American people did this to ourselves. Yes, we are responsible for our own personal debt but our leaders have gotten our country in this awful mess we are in. I blame them.
There little agenda of being a One World Government is coming right along, isn't it?

Can China save the global economy?

Vince , Phoenix , AZ — Fri, 10 Oct 2008 02:20:41 GMT

I would like you , each one of you , to step back , be objective and consider this : Do you think it is quite possible that the current economic situation could be tied to the blatant greed driven blindness that the Bush administration has caused ? First the Iraq War . People have to get back and forth to work in order to pay their mortgages , right ? And what is more URGENT on a day to day basis than getting back and forth to work . When gas topped $4.00 a gallon there were more than just a handful of Americans that were torn between putting gas in the gas guzzling "SUBURBSPEDITION" they over-financed , or pay their Adjustable Rate mortgages . People , it's human nature to avoid immediate pain by putting off what hurts the most till the " day after tomorrow " . And , Yeah , I am laying blame completely on the current administration for getting us into this incredibly assinine pre-dick(cheney)-ament .

Can China save the global economy?

John Calhoon, NJ — Fri, 10 Oct 2008 02:22:01 GMT

If the world is to be saved only the U.S. can do it, but unfortunately we are rushing headlong to adopt the failed socialist policies that the rest of the world has already tried and demonstrated to be failures. - Quote

LOL, have you read a single piece of financial news lately? We're in a death spiral, the reason everyone else is sinking is because the world is so tied to our economy. And Socialists policies, like them or not, had nothing to do with our current failings. The housing market failed because of unbrideled greed and speculation, core concepts of a Corruption of Capitalism. (The kind of speculation we commited was bad business, but Socialism is not what is killing us right now).

Can China save the global economy?

Rudy, Disneyworld, Florida — Fri, 10 Oct 2008 02:31:11 GMT

What next? Poor "Old Uncle Sam", from the Stimulus, the foreclosure rescue, to this latest bail out. This pattern has to stop. I wonder if this upper-upper class of the so called 1% carefully planned this whole scenario out. Involve the U.S. in world wide conflicts and destroy us from within. These multinational corporations (Now, majority owned by foreigners) are getting ready to amputate uncle Sam's arms and legs unless, we as a people act safely today instead of sorry tomorrow. If the bail falls into the right hands then the banking industry can break even by re-analyzing bad debts in general all around the country by cutting interest rates and principals by half from top to bottom. Call it a fresh start for everybody with the understanding that if you strike out you are going to be completely disavowed by society. The other alternative is to get your soup bowls ready and be patient because there will be long lines. These next twelve months will be really, really tough. Keyword, Save some cash, precious metals and stockpile food and medicine.

Can China save the global economy?

Jeff, Reva SD — Fri, 10 Oct 2008 02:33:48 GMT

Well first China can not bail us out... The reason we are China's largest exporter.. If they can not make money, they are not going to invest in US. Also China has been misleading the world on it econmic's, their actually have less to spend than the US.

China's been playing the same game as US maybe even lying a lot more.. Their leaders can control the ecomony, here our leaders can only say we have nothing wrong...

I could see this coming for more than 18 months, and Iit is only going to get harder.. Hope you save some...

Can China save the global economy?

Andrew d., Chatsworth, California — Fri, 10 Oct 2008 02:46:49 GMT

We need to get back in the business of manufacturing things in the U.S. We also need to dispel the notion that, to be seen as successful, a company needs to make 20% year-over-year profit. What's wrong with a steady 10% net profit every year using sound business practices? That way product quality wouldn't have to be compromised and jobs wouldn't have to be shipped overseas in order to meet ever more unattainable goals. While we're at it, salaries and perks for executives of publicly traded companies need to be limited to 10 times that of their average employee's salary. There would be no shortage of qualified takers. Unregulated greed (combined with outright fraud, in many cases) is what has gotten us into our current straits. To get out, we need to regulate greed.

Can China save the global economy?

Phil Crawrford, Raleigh. NC — Fri, 10 Oct 2008 02:52:18 GMT

answer: demand that our gov stop borrowing and spending. make do or do without. kill all nafta deals. promote/encourge our economy to change from consumerism to a more production based economy by eliminating most taxes to all business(especially startups). prepare for war, it is coming. negotiate with our creditor nations to relieve some of our debt. stop giving borrowed money away to countries -we need to clean our own house now, or else. allow bad decisions to run it's natural course, (you know what i mean). get emotionally ready, we are in for a long, hard ride. make the iraqis pay their own way now or become subjects of iran (did i mention get ready for war, the much bigger threat is coming). everyone, stop spending more than you make, save if you can. oh yea, mention to the chinese that if we don't get back on track, we can't buy all their stufffff!

Can China save the global economy?

Paul M., Seattle — Fri, 10 Oct 2008 03:00:13 GMT

Why would China want to help? The US already owes China one thousand Billions of dollars. Can you imagine that number; the US owes China a Billion dollars, times 1,000 !!! That is equal to $6,000 for every adult in the USA. The Chinese want the US to return the money the US already borrowed; they want to cash-in their US Treasury bills, bonds, etc

The US is not the 'center of the universe' and all of us consumers need to stop consuming and start saving and live within our means.

Can China save the global economy?

Dubai — Fri, 10 Oct 2008 03:02:15 GMT

mistakes committed by your US governnment and Major companies:
1. Companies such us Trane, York, Carrier and Mcqauy had been trasferred to China and what happens to your workers?? --- This is one of the big mistakes that created unemployment

Can China save the global economy?

Scyth — Fri, 10 Oct 2008 03:03:59 GMT

Well it sure isn't going to be the mess of a country that the Republicans made of the U.S.

Can China save the global economy?

John Arnold, FT Campbell, KY — Fri, 10 Oct 2008 03:09:05 GMT

This is great!!! Yes it will hurt, and we will not be able to borrow, but we will be forced to use are heads and save, and only buy what we can afford! So start saving now, get out of dedth, trust me soon all of the notes out there will be called, due to this crisis. So get rid of the 2008 Esclade and buy the 93 Camry NOW! At the current rate in a week the Stock Markets will close indefinetly around the World!!!! You will need to combine forces with friends and family just to make it, but this will be good we will get back to the basics and we will get through it and be smarter for it!!!

Can China save the global economy?

Jim OD, Taos, NM — Fri, 10 Oct 2008 03:10:01 GMT

Too Funny. My how the world has changed in just a few days.

Can China save the global economy?

zhang zheng zheng — Fri, 10 Oct 2008 03:12:13 GMT

The States are justified to seize the property and money of those high officials, company owners from China, they are evil of the Chinese Nation, they did everything evil in China to its people.

Can China save the global economy?

John Arnold, FT Campbell, KY — Fri, 10 Oct 2008 03:14:12 GMT

Can China save the global economy?

abc, Hillsboro, OR — Fri, 10 Oct 2008 03:17:27 GMT

War without wasting a bullet.
only smart leader can do.

Can China save the global economy?

ram iyer, bay area, ca — Fri, 10 Oct 2008 03:24:50 GMT

Y should the Chinese/Asians/Sheikhs bail out the corrupt banking system by its money. The system has to have its correction which has been in waiting for last 2 years in all sense to cut the US economy by 2.5 trillion dollars. If still need to helped, they should buy these companies in essence rock, stock and barrel to support. American economy is good. But its financial system need some real laundry to adjust to its real value.

Can China save the global economy?

Charlie, Milwaukee, Wisconsin — Fri, 10 Oct 2008 03:25:30 GMT

My fellow US citizens, eveyone of you might have known this economic crisis but the hidden point of the economic crisis is the national spending is well over the revenues. Our government have no vision about what will happen in a decade from now. The Whitehouse is considered to be the senior citizen house and run by the old fashion potical leader who know what happen in the past but not present and future. We need to have the young, wise, and tehnological political brain to run our country. Evey month, eventhough our country is in financial crisis, but we still keep spending billions and billions of dollars to improve the other countries but not us. Shame on our government for leting the world knowing that we are begging for other countries to secure our economics. We need to stop this kind of reading the president's lips and let put our financial crisis as the first priority issue. Cut foriegn budget and secure small businesses and any company which is willing to base in the United States. Creating more jobs for our people. This kind of realistic idea will certainly gradually build up our economics.

Can China save the global economy?

John Arnold, FT Campbell, KY — Fri, 10 Oct 2008 03:25:50 GMT

Look there is no fixing stupid! Thats what we have been for many years. We are now being forced to only buy what we can afford thats are only option. Most will be a lot poorer then they think.

Can China save the global economy?

Marvin, Buffalo, NY — Fri, 10 Oct 2008 03:26:43 GMT

The US would be much better off to let the current chips fall where they may, rather than be even more in debt to China than they already are. But hey, abolish NAFTA, start paying off the US debt, and bring back regulation to the markets, and the US will be back on track again.

Can China save the global economy?

indian, india — Fri, 10 Oct 2008 03:31:22 GMT

no no no china can't save the globel economy because there is also uncertainty. it's they are very big exporter for many countries but the problem is they belive in qntity not quality.

Can China save the global economy?

Tim, boston, MA — Fri, 10 Oct 2008 03:31:50 GMT

Yes, I think so. China already did something to save U.S. The average U.S. people only think they are the most wealthy and they live in the center of the world. They know nothing about the world and the process of the globalization.

Can China save the global economy?

Amazing Larry — Fri, 10 Oct 2008 03:32:53 GMT

Folks, we are at the dawn of a new age. No country is alone. This will call for unprecedented cooperation between nations.

This is the reverse side of The World is Flat.

Up from the ashes of disaster grow the roses of success.

Can China save the global economy?

Jack Kreiger, St. Louis, MO — Fri, 10 Oct 2008 03:38:33 GMT

Ain't gonna happen. Remember two things:

- China, while it may be an aspiring 'superpower', does not have the muscle to bail out the rest of the world or even the US.
- The Chinese are not excatly known to help others. There is a clear lack of will here. No offense.

Can China save the global economy?

Jon, detroit, michigan — Fri, 10 Oct 2008 03:39:42 GMT

Let's see if I get the financial scenario correct, we're eyeball deep in debt so we want to borrow more in order that we can spend more; i.e., paying down other debts? Is this correct? If so, isn't that a bit like placing our personal credit card debt from one car and shifting to another? Sounds like a surefire road to bankruptcy. It's hard to understand how we can cut taxes to the wealthiest, yet spend hundreds of billions in bailing out the greed-mongers and stupids.

Can China save the global economy?

Jay, rochester, Ny — Fri, 10 Oct 2008 03:40:13 GMT

How come NONE of the so called church going political leaders and supposed to be Bible Believing Christians in either side never mentions about God or actually praying about the situation or make any exhortations along those terms. Sometimes, most of the times money CAN NOT fix anything. This is one such occasion. Why dont these leaders ever talk about themselves going on their knees and praying in all honesty or encouraging the country to do so?? We think we can fix it all with more money and bailouts? If these leaders, even McCain ever read whats in the KJVBible and really believed in them, they would know what to do!!

Can China save the global economy?

Paul — Fri, 10 Oct 2008 03:43:08 GMT

China already bought a lot of US assets already, so of course Chinese government will try everything they can to bailout the American economy because if America failed, their US investment will be 0 and they don't want that happen. But I can't believe how Americans are still so "proud" of themselves in here. This crisis is all caused by Americans and Americans should wake up and learn from your mistakes. I just can't believe you guys are still phrasing yourself as the "best country". Give me a break!

Can China save the global economy?

C D, Seattle, WA — Fri, 10 Oct 2008 03:43:28 GMT

Jane Doe has it exactly backwards - China has huge population and environmental problems to solve. The last thing they want is a weak US economy - they benefit from a strong US economy which they can sell into.

Can China save the global economy?

Anita, Seattle Washington — Fri, 10 Oct 2008 03:48:31 GMT

This is totally absurd. This measurement of the economy based on GDP is fundamentally flaw for country like the US where we have this culture of spending on credit. People in China and in most Asian countries in general do not fall into this death trap and will graciously learn from the mistakes we made here.

Can China save the global economy?

Mike — Fri, 10 Oct 2008 03:58:05 GMT

Sandra,

Of course you don't want to be bailed out by China. You're white, it would ruin your self esteem.

Even though your world is falling down around you, you'd rather die with your ego than survive with your wallet.

Can China save the global economy?

Tim E, St Louis, MO — Fri, 10 Oct 2008 03:58:35 GMT

You reap what you sow. Time to take it in the chin, hit the ground, and pick ourselves back up. Otherwise we have a discussion on how, when and why the Chinese should bail us out.

Can China save the global economy?

JBinMO — Fri, 10 Oct 2008 04:02:48 GMT

"I think this can only reverse if China's middle class are taught that 30% savings are not practical in a 21st century market."

Maybe that is not practical for you to do, but they will benefit greatly in the long run from this.

Can China save the global economy?

Herb, Tampa, Florida — Fri, 10 Oct 2008 04:04:02 GMT

To Jane Doe and her friend, Pliny.
Both of you are good examples of brain-dead.
China isn't responsible for the financial mess in this country. Greed on Wall Street, and maybe some in Washington, is responsible.
China is definitely not a Third-World country, moron. But I've got a revelation for you, Pliny. If the U.S. doesn't get its act together, it won't take too many more years until it's a Third-World country.
And by the way, the Chinese are too smart to be at the mercy of the U.S.
And it disgusts me to even hear an idea like China bailing out the U.S. For what? So the 'Masters of the Universe' (Ha Ha) can go do it again?
I'm an American married to a Chinese, and unlike you, I don't have my head up my butt.

Can China save the global economy?

John Doe — Fri, 10 Oct 2008 04:04:39 GMT

No country will support the world because their surplus will be deployed elsewhere before the opportunity to do so presents itself.

Can China save the global economy?

Sherwood, Tampa, FL — Fri, 10 Oct 2008 04:05:16 GMT

What I can say is that the author at best is naive. When China has taken the welfare of the world, especially US into consideration? Taken the recent poison milk as example. For the success of Beijing Olympic game, it can sacrifice the health of so many innocent children. The same kind of chemical was in the dog food that killed thousands of pets last year in US.
Chinese government always treats US as enemy. Their allies includes North Korea, Cuba, etc. It has never treated US as its true friends.

To understand the true nature of Chinese government, I would suggest readers to read Nine Commentaries on Communist Party. Then you will not have such argument that China would bail out US.

Can China save the global economy?

Kraig F Sterlign ill — Fri, 10 Oct 2008 04:07:19 GMT

it is there job to bail us out if they dont who's buying from them ... ITs just like when we killed the Unions . Everyone one said your over paid Well who do you think was doing the buying .... now china has all our jobs . We did it to our selfs

Can China save the global economy?

marquee Carson CA — Fri, 10 Oct 2008 04:07:53 GMT

What YOU BUY, you own, what you own, YOU RULE.

STOP ALLOWING EX CEO'S TO TAKE GOLDEN PARACHUTES!!!
STOP ALLOWING NO CEILINGS ON CEO INCOMES!!!!!!!!
STOP DEPENDING ON FOREIGN OIL NOW!!!
STOP DEREGULATION NOW!!!
STOP SHIPPING JOBS OVERSEAS!!!
STOP IGNORING THE INFRASTRUCTURE!!!
STOP STUPID SPENDING ON WOODEN SPOONS AND RUM!!!!
STOP THE SAME POLICIES& EXPECTING DIFFERENT OUTCOMES!!
STOP THE MADNESS!

Can China save the global economy?

peter, edmonton, canada — Fri, 10 Oct 2008 04:08:06 GMT

There is no such thing as a "developed" country. To be developed means a country has eliminated poverty, crime, injustice from society. This whole freaken planet is nowhere near the description I have just delineated. Such a primitive planet.

Can China save the global economy?

JS — Fri, 10 Oct 2008 04:09:37 GMT

Oh well, America had a good run for the last 60 or so years. Every super power in history eventually was undone in some way. It's just with the rate of technology now, everything runs a bit faster. The next super power won't last 60 years, I give them 40 at best. It's gonna be one hell of a ride the next 100 years...

Can China save the global economy?

J. Pinkbeck, Milwaukee, WI — Fri, 10 Oct 2008 04:13:07 GMT

The banks aren't all to blame, nether is the homeowners in some small town (maybe yours) who just wanted a piece of their dream to own their own home. One would think a mid to lower income class person shouldn’t even own a home if they can't afford it. But they could (in Most cases) afford it at the time they got the loan from the bank. However there are exceptions on who to blame. Does the family hoping to buy a home know what the cost of gas will be in 18 months or does the banks in which will lend them the money? How about natural gas or electricity? No one knows these things better then the companies who fix the price. The oil companies know months in advance when they say that they will cut productions by hundreds of thousands of barrels per day. This in affect sends up the price of all fuel and food (corn) costs ect. Who would have known this when signing all those papers at the bank for that new home? The oil companies did. When one goes from spending $20.00 per week to fill up their car to $65.00 who's getting that money? Not the Bank who holds the note to your home. On average that is $180.00 per month. Lets yell storm or hurricane and the price of gas goes up at the pump overnight. We are consumers in the United States of America. We, because of what we spend and not save (30% of our income) is what has been bailing the rest of the world out when they need a tank, arms, or solders protecting their borders as well as the many other reasons we send money to other countries. When they have a storm we come to fix everything. We don't need China to bail us out. We can bail ourselves out and worry about the U.S. for a change. We have the oil to depend on in our own country and always have. I, in my own personal opinion think the oil companies are winning a global war. They will tell you what you will be charged and make you determine how you will pay for it. Less entertainment, less travel, less food at your dinner table , some go without their medications. Some stop paying credit cards of course after they max them out. Many stop paying the full amount of the mortgage note. Many even commit crimes just to get by. When I had $180.00 more per month I was able to do many things with my wife and 3 small children. The oil companies now don't let me. They are winning the war and I feel like I'm the prisoner of my own home who will soon be evicted of my own cell because I can't pay the note to be contained. Enough about me and enough about you if you are in the same boat. I say stop spending until our government starts working for us before the problem exists and not just trying to fix it latter. This economy crisis is just another 9/11 brought to you mostly by big oil. Don’t let the price of gas falling at the pump fool you. Someone else is loosing billions and billions of our dollars and they don’t like it. Lets stick it to them now. We can save ourselves.

Can China save the global economy?

evan thomas — Fri, 10 Oct 2008 04:15:06 GMT

HELLO? you seem to have omitted our very recent and grave annoyance of china by selling 6.4 billion dollars worth of weapons to tiawan. it is because of our own stupidity that they will leave us to our own undoing. if anything... we can expect them to become 'confrontational' with us - (just as they have stated they intend to).

Can China save the global economy?

David, Toronto, ON — Fri, 10 Oct 2008 04:15:11 GMT

I think its the punishment coming back home, where billons had been spent on dropping bombs on innocents, killing hundreds of thousands, destroying countries, and acting angelic, this is the result...start another war, and the devastation will reach back home this way and quicker..!!!!

Can China save the global economy?

Marco Lopez, Miami, Florida — Fri, 10 Oct 2008 04:17:37 GMT

Soon you will see a sign from space that reads US FOR SALE

Can China save the global economy?

sikivu, columbus, ohio — Fri, 10 Oct 2008 04:19:58 GMT

A picture of the U.S.'s socio-economical and technological culture? Movie homework: Bladerunner

Can China save the global economy?

Gary, Los Angeles — Fri, 10 Oct 2008 04:26:10 GMT

TO comment on Pliny's message China is not utterly dependent on the United States nor are most other countries, this is not 1950 anymore, we are in a global economy, period. do you have any idea where most of your favorite electronic goods etc are made, not in the US anymmore.Yes we WERE a strong ecnomy but thanks to the laize-fair (hands off) policies of the Republicans it is falling apart,while big financial companies were allowed rape this country and ruin our financial system , so you think in your convuluted logic less government intervention would be better?? Thats what got us in this mess in the first place!!

Can China save the global economy?

Bloggerrich, Fort Lauderdale, FL — Fri, 10 Oct 2008 04:26:27 GMT

I've been saying for years that we sink our money into unimportant people and things...Football, basketball, baseball...they all make millions of dollars a year and most are pretty close to complete idiots. For comparison, our scientists and educators generally make less than $100,000 per year. This country is full of idiots and the fact that 80% of the population is going to put in a man who is racist, sexist and has an extremely questionable past is more proof that we are a country full of idiots. Our country deserves to go down the tubes because we lost our honor, intelligence and work ethic a long time ago. Fad is more important than fact and we are all suffering because our government has passed legislation to tie the hands of the majority and protect the minority population, who hates the majority anyway! Everybody talks about debt, but the fact is that over the years, we have given idiots trillions of dollars for nothing and now we have to borrow our money form other countries.

The next time some body drives by you in an Escalade with a big platinum grille in his mouth, an Armani suit and more gold on his fingers than Mr.T, maybe you can ask him for a loan! After all, catching that football is more important than curing cancer or feeding the poor or homeless.

Then you got "Hollywood". They act like they are so Democratic. Yet, they go to other countries to adopt kids when we have thousands of kids in the US that need families. These are another example of people getting paid too much for not much!

Proud to be an American! I don't think so. We are the main reason this planet sucks. Everybody hates us...we have war ships all over the planet and we are broke!

You can read this and call me a nut job alarmist, but when we are on the cheese line watching some sports hero drive by in his Escalade, we can all give him the finger.

By the way, all those who took home equity loans twice and three times than foreclosed...I'm already giving you the finger!

Yes, I am ticked and for good reason!

Can China save the global economy?

Wealth advisor, Yale, MD — Fri, 10 Oct 2008 04:26:29 GMT

Why have we fallen so low that we need even considering China's bailout?

Can China save the global economy?

LISA, LEBANON, MO — Fri, 10 Oct 2008 04:29:11 GMT

Why not give some money to the poor? The little people just might suprise everyone. And I mean a good amount of money. They will spend it and get out of poverty in the process. The reason the economy is this way is because the poor has no money to buy anything anymore. Spread the wealth where it needs it most. You know some of us have big dreams but are stuck watching them go nowhere. My brother has a wife and 5 kids and has worked at the same place for 18 yrs and they have nothing. It's sad when you work hard all your life and it comes down to deciding whether to pay your house payment, rent, electric, or buy groceries for your family!

Can China save the global economy?

Lin — Fri, 10 Oct 2008 04:34:09 GMT

The greedy of many company from US and Europe country helped to lift up China economic power which drive down western economic system. Now all western country suffer from the stupid policy of their own government in handle their own international company in the name so called free-international-global-trade. Without $20000 billions Chinese dallors in western country (half of that in US), we will not have such big scale of finace crisis. US shall keep trade balance with China by limiting the amount we can buy from China, we shall just buy the same amount of goods that China can buy from US. Free-trade is a big stupid policy for international.

Can China save the global economy?

john doe, Syd, AU — Fri, 10 Oct 2008 04:34:47 GMT

Forget China, why don't we get the money from the Holy See. The Catholics seem to have plenty of money, given the hundreds of millions they have spent covering child abuse.

Can China save the global economy?

Rick Doe, Hong Kong — Fri, 10 Oct 2008 04:37:14 GMT

dear jane doe,

I have 22 years to my credit in China, I can assure you that the world is so interdependent that a cold war philosophy is completely non-sensical.

Meanwhile, look up what gocomics.com/tedrall has to say about the ills of America.

Whomever you guys chose come November 4th, better days are yet to come!

B.Rds,
Rick Doe, Hong Kong

Can China save the global economy?

Rick — Fri, 10 Oct 2008 04:44:01 GMT

Evidently a lot of people here are under estimating the sleeping giant called China. Why would China want to help us out when they can make their move to grab power to be number one in the world. America...the writing is on the wall...your days are numbered.

Can China save the global economy?

Ken in Shanghai — Fri, 10 Oct 2008 04:47:22 GMT

As an American living in Shanghai, who sells American Luxury goods to Chinese. I believe there is something to this idea. Not that China has the economic power to lift the USA now. But they do have good will towards America and they like American goods and culture. (There are many here that still remember America as liberator during the WWII era.) So I think it is likely they will be an increasingly important market for our goods. If they can keep there own economy relativly stable, they can be a good economic partner for America and a stabilizing force in the world in general.

Can China save the global economy?

thomas mimai fl — Fri, 10 Oct 2008 04:49:21 GMT

article makes no sense; just becauuse we are in a financial mess does not mean the chinese are able to or are interested in bailing us you. After all our own investors have been screwed who is to say that the chinese wont to screwed also

Can China save the global economy?

will heaton, Sealy, Texas — Fri, 10 Oct 2008 04:51:10 GMT

Indictments? Trials? Convictions? Confiscations? Executions!? Anyone for getting the money back from the global corrupt who have been stealing it for the last 30 years? Well? It's what they do in China.

Can China save the global economy?

john Connor, Temecula California — Fri, 10 Oct 2008 05:00:18 GMT

This is a planned systematic crash of our economy. Prepare for New World Order and the fulfillment of prophecy.

First Set of 2 Videos Starts

www.youtube.com/watchv=eHTFrt4wGk4&feature=related

Second Set of 2 Videos Starts

www.youtube.com/watch?v=QzZepcacLHo&feature=related

Contents of Congressional Secret Meeting in Q1 1.) Imminent collapse of the economy in late 2008 (Starting in September) 2.) Mid 2009, the US Government Finance will collapse3.) The possibility of Civil War as a result of the collapse4.) The advance roundups of insurgent US Citizens that are likely to "move" against the government5.) Detention at the REX 84 camps around the country6.) Retaliation against members of congress for the economic collapse7.) The location of safe facilities where members of congress & their families to reside during the revolution8.) The necessary & unavoidable merger between Canada, the US & Mexico

The Video
http://www.youtube.com/watch?v=jeqjykY5wPk

The Company Website
http://www.polyguardvaults.com/

Can China save the global economy?

LA2000 — Fri, 10 Oct 2008 05:00:33 GMT

We have two choices really: go even deeper into debt and allow nations like China to control our future -- or raise taxes and pay our bills as they come up. The opportunity to avoid this financial collapse has slipped through our fingers. Our only choice now is how to address it.

What's it going to be, America?

Can China save the global economy?

Mark Williams, Toronto, Canada — Fri, 10 Oct 2008 05:01:19 GMT

You are selling weapons to Taiwan to use on China and You expect China to bail you out. Americans are naturally Idiots!!

Can China save the global economy?

Ed B. — Fri, 10 Oct 2008 05:03:02 GMT

My opinion - Wal-Mart, Starbucks, and McDonalds....... will stop these machines from building and opening on every highway exchange in China. Ford, GM and GE generate significant profits in China - It's not stopping in this part of the world.

We'll still borrow from China in foreseeable future - We are too linked with China - globalization will rule.

Just an opinion - Paulson is waiting to pull the switch to capitalize the banks right after the election - my take - Paulson is pulling for Obama - my take - the markets will pull back up after that - in the mean time - stay defensive

Can China save the global economy?

JP, Seattle, WA — Fri, 10 Oct 2008 05:06:15 GMT

kit hous, tipp city, ohio .

Uncle Sam owns 10 trillion $ in debt...so 3 out of 10 trillion is about 30 %

Can China save the global economy?

Alex Ilich — Fri, 10 Oct 2008 05:07:07 GMT

American Bankers are their own worst enemy. No one ever learns by their misstakes when you have someone always their to bail them out. If anyone needs bailed out, its the poor working class people, which greedy corporations took away millions of livelyhoods and gave it away to 3rd world Countries.

Can China save the global economy?

Locust — Fri, 10 Oct 2008 05:10:15 GMT

With Iceland going Bankrupt, Can China "purchase" it? Pretty strategic move I would think being half way between Europe and the US.

Can China save the global economy?

levicro — Fri, 10 Oct 2008 05:12:14 GMT

sure China can save us.. they are used to being poor.. we will just take all their money cuz we NOT used to being poor... thats perfectly fair.. heck it was all ours anyway.. they took it from us first.... Im suprised Bush hasnt already done this... whats he waiting for? I mean.. he isnt really planning on paying for the war in Iraq is he?

Can China save the global economy?

Shawn, Pace, FL — Fri, 10 Oct 2008 05:23:17 GMT

The United States of America is bankrupt and has been for at least 35 years, so argue 70 years. So, if the US Dollar isn't valued by the US government or its subjects what keeps it from being worthless? It isn't backed by hard gold anymore. So, its the "confidence" in the US Dollar that we continue trading with it. What happens when that confidence is shattered? Isn't it shattered now? It will be thrown in the streets like the Rubles of Russia in the 1990's...

Can China save the global economy?

Peter, Singapore. — Fri, 10 Oct 2008 05:23:29 GMT

jane doe:
“They know they can't best us militarily, so the only other way would be to hep destroy our economy. MAYBE they didn't directly do it themselves, but this is like the perfect storm for them. They get what they want without having to dirty their hands.”

Dear Jane, the current economic crisis is the result of exotic alternative assets invented by American financial institutions and lack of adequate regulation by American gov't. U.S. is China's largest export market, a recession of the American market has a direct negative impact on China's economy. Thus it is extremely doubtful that China wants failing U.S. economy and falling dollar.

bob,flint,mi
"nafta has done well for China, pity it did nothing for the United States..except put us on a spiral downward"

Dear Bob,NAFTA stands for North American Free Trade Agreement. Countries in North America and included in the agreement include Canada, U.S. and Mexico. China is in Asia. Perhaps you were thinking about WTO.

Sandra Corl: "I don't want to be bailed out by China."

Dear Sandra, it is very unlikely China has enough cash to bail out U.S., so please don't worry.

Can China save the global economy?

Crl Wllns, St. Petersburg, Florida — Fri, 10 Oct 2008 05:32:15 GMT

You Might, want too ask "Leo Wanta"! Britt Hume quit his job as a News Anchor, when Rupert Murdoch told him Not too Talk about "The Wanta FRAUD"! Go Do Some Research, and You might Find Out JUST "WHY", China wouldn't Really "WANT", too "Help Out" "Amerika"!

Can China save the global economy?

Sean, Castaic, Ca. — Fri, 10 Oct 2008 05:34:28 GMT

The only product we manufacture now is debt, since we have sent most of our manufacturing capability over seas (see China). The situation is only going to get worst for us, because of the misguided idea (ok greed) of outsourcing most of our labor to China and India (among others) because of the quest to improve profits (cutting costs, i.e. labor).

Can China save the global economy?

Optimist, Honolulu HI — Fri, 10 Oct 2008 05:39:11 GMT

We have to see through the haze of panic and fear. One thing about America is that we are resilient. We have the best free market system in the world. The changes in new technologies and instantaneous communications have been good for progress but also have demonstrated that old ways of doing business are obsolete. It may be a matter of out with the old and in with new. We may not have a need for financial management firms like Lehman Brothers paying them all kinds of management fees for them to lose our hard earned dollars. In the new economy your best financial advisor is you. I believe in America and we will hurt for a while but "This too shall pass".

Can China save the global economy?

jack — Fri, 10 Oct 2008 05:39:31 GMT

check out the largest corporate bail outs in U.S history, this should open US citizens eyes as to the agenda of so call conservative politics and the Republican Party. the 12 largest bail outs occured under the Bush admin. Republicans ala conservtive's have always been against government over sight of American financial system yet time and time again the
ship was running aground. The activities of the CEO's of these corporation are no different then a stick-up man only without a gun.

Can China save the global economy?

Mike, Sagamore Hills, Ohio — Fri, 10 Oct 2008 05:43:11 GMT

I would say that China is not really going to bail us out. I do not think you can just say "Hey all you Chinese, start buying things you never bought before. What exactly would they start to consume that the US was/is consuming: TV's, SUV's,. That would not happen over night.

Also, even if it were possible for them to loan us money, this would just further deflate the dollar, and in the long run put us further in the whole. The US needs to cut up the credit card, and start using ingenuity and hard work to get the economy roling.

In the world we will have to see great strive to bring the standards of living up. New technologies, new energies, new materials. The world as it is, is straped, fuel, material, are being consumed to quickly. We need to step back in this recession, and get our bearings. In the long run, China will be part of the "bail out", but so will the US and other countries. It will happen in the form of hard work, sweat, and a drive to be better. I believe it is that drive that will "Save Us."

Can China save the global economy?

San Juan — Fri, 10 Oct 2008 05:48:00 GMT

Wow, pliny, you must be retarded, seriously, The US is not the only rich country in the world. You're saying that the adopted socialist ways have failed, referring to socialism as if it were so bad. Well, what do you tell me about capitalism? Is it good? Look at us now. Capitalism reached its peak, now its breaking down the jenga it has played for years. Top executives with millions of dollars will benefit from the bailout and retire with millions while leaving middle class and some middle-high class citicenz on the streets, while they cash in for their lousy greedy ways of firing people to maximize profits. It's time something new came up, but no, becqause socialism=satanism, and satan created socialism... It's thanks to people like you and the richies that we're in this mess, hope you realize that some day.

Can China save the global economy?

Ally Hauptmann-Gurski — Fri, 10 Oct 2008 05:53:52 GMT

There is no point in throwing more money towards the US unless one is CERTAIN that US companies and individuals have understood what has gone wrong AND changed their modus operandi. It would be like bailing out a broke poker machine addict before seeing the shrink about the addiction issue.

Can China save the global economy?

damian houston,tx — Fri, 10 Oct 2008 05:54:13 GMT

I read all now is my turn to give my opinion.Well first of all i think we need to addres the economy in ower nation with ower president and deside what we need to do every U.S citizen and fight all these together.

Can China save the global economy?

heyja — Fri, 10 Oct 2008 06:22:12 GMT

It was Shakespeare who wrote
"Neither a borrower nor a lender be;
For loan oft loses both itself and friend," in Hamlet, not B. Franklin, you doofus.

Can China save the global economy?

SPM — Fri, 10 Oct 2008 06:46:29 GMT

One must lol, listining the americans who don't want to learn from theirs mistakes like Pliny, Jane Doe Fl and others in this blog. If China wold want to destroy US they just need to cash in the amount of the dollars they have in ther posesion and US would bancrupt. But then again why would they destroy their No. 1 buyer??? About China being a "third world nation with hundreds of millions of people in its rural areas still stuck in a state of grinding poverty" You need to visit some of your States and Cities. Go visit your mid western rural ares or south western border towns not even Chinees would leve there.

Can China save the global economy?

bayu arsan — Fri, 10 Oct 2008 06:46:56 GMT

I very doubt if china do bailout, and even if they do, it wouldn't solve all the problem.

the U.S. have to search another option than to made another loans. don't do the same mistakes.

Can China save the global economy?

Bad Mother, new york ,new york — Fri, 10 Oct 2008 06:57:28 GMT

Seize all the Swiss banks assets. The swiss bankers are blood merchants and are working both sides of the street for their own $$ and don't care where the chips fall. They did it with the Nazi in WW II and they will do it again.The swiss assets are mostly $$ stolen from the people of African and Arab countries.

Can China save the global economy?

ron Arnold, California — Fri, 10 Oct 2008 07:01:38 GMT

I have lived and worked in China. People in the West believe that China is so wonderful. China is a Communist State which is SELF INTERESTED. It is true that economic growth has helped the Chinese people. It is also true that China's turn has come, but without a democratic free government, and with a self-destructive one child program dooming China's economic miracle by limiting it to one generation, I think we will see China's economic day in the sun come and go rather quickly, simular way to Japan's died in the late 1980's. Corruption, and unfairness will not allow China to become the next United States of America. America needs to change from within. Greed during the Dot Com Bubble, and Greed in the Mortgage Bubble have now cost us dearly. It is time to repent and keep the commandments America. This is the only safety there is.

Can China save the global economy?

Alessio, Europe — Fri, 10 Oct 2008 07:02:04 GMT

What ignorance to suggest China can save the World Economy. China is still a third-world country with extreme poverty and essentially a dictatorship and elite rich few (maybe what Bush hopes to make in the US??). If anything, you will see China's pains increase 10 fold with the recession of the global economy we are GOING to see. The article makes a great point by mentioning the economy of China's is far less than Japan, and why would we expect Japan to hold up the World's economy? From the comments on here, it doesn't seem like many readers actually READ the article.

Can China save the global economy?

Mark Twain, Missouri (Misery) — Fri, 10 Oct 2008 07:05:51 GMT

Worry not. We got the bomb. (And we got it first, too, which means we have more of them!)

Isn't that a calming thought?

If we can't get rid of the debt, we can always nuke it.

Ha ha.

Can China save the global economy?

Rack — Fri, 10 Oct 2008 07:06:10 GMT

serve one right, U.S guys have been over consumped their future, and extremely confidence their economy and capital system! no one can save U.S except launch economical life style or keep proportion to their working!

Can China save the global economy?

sisa — Fri, 10 Oct 2008 07:22:05 GMT

Well just remember according to the prophecy of the 2nd coming of J.C., a sleeping giant will be awake and will dominate the world. Could it be CHINA?

Can China save the global economy?

Noel, Glencoe,Minnesota — Fri, 10 Oct 2008 07:29:34 GMT

We Need To Learn To Live Within Our Means !!!!!

Can China save the global economy?

Grace — Fri, 10 Oct 2008 07:32:51 GMT

I dont think China is ready to bail out anybody and they are not interested in bailing out anybody either. And i think that is the best way to deal with this. Look the size of the US economy is roughly about 14 trillion. The second largest economy is nowhere near the US's economy. This time, US and europe has to ride itself out. But i think there is hope. When there are people, there are demands that will be satisfied. The credit crisis will work itself out. The world can't stop because we are not able to loan. We might have the largest multinational cooperation effort in dealing with this. The final word of about credit crisis is "Trust". If there is some kind of effort put together to back loaning, then there is hope the economy will slowly crawl its way out. It might take a long time , but we will get there.

Can China save the global economy?

Jeff, Fort Collins, CO — Fri, 10 Oct 2008 07:36:29 GMT

Why is it that we keep looking for someone to "save us"? Since when is it someone else's responsibility to make everything OK? At some point, we will realize that the problem lies within our own hands, and take RESPONSIBILITY for our own actions! Only then will we realize that it's our own personal responsibility to save ourselves. It's easy enough people...DON'T buy a house that you can't afford (and have to make use of some kind of rediculous mortgage scheme to even move in), DON'T accept every credit offer sent to you, and DON'T max out every credit offer that you do accept. I LOVE America, I'm proud to be an American, but there is a serious problem with our basic philosophy in spending money. WE SPEND MORE THAN WE MAKE! It's not just the government (that's now over 10 TRILLION dollars in debt), but it starts with the basic consumer that can't afford the $100 pair of jeans and just puts them on a credit card. Now, those same jeans you couldn't afford at $100 cost you $120-$150??? If you couldn't pay the $100, how in the heck are you going to be able to pay more?? The sad truth is that I know very few people that haven't fallen into that trap in some form or another, and I'm sure that everyone reading this can relate. Instead of looking for a saviour, we can and should be saving ourselves.

Can China save the global economy?

Elizabeth Weinberger — Fri, 10 Oct 2008 07:38:57 GMT

China save the global economy? You might as well pass out some Kool Aid-- er, make that milk..... I think that there are a few trust issues here.

Can China save the global economy?

Ryan — Fri, 10 Oct 2008 07:39:48 GMT

Then,can the US save the global economy,as the strongest country in the world?It's time that we took actions to save ourselves.It's ridiculous to expect China,a country which hasn't sufferred much from the globe economy decline,to 'save' the US.

Can China save the global economy?

Elizabeth Weinberger — Fri, 10 Oct 2008 07:41:04 GMT

China save the global economy? You might as well pass out some Kool Aid-- er, make that milk..... I think that there are a few trust issues here.

Can China save the global economy?

branwen, st louis, mo — Fri, 10 Oct 2008 07:53:35 GMT

why in the world should the chinese start spending their hard earned money just because americans have - we are a lesson to them to keep saving - a consumer economy is a shaky economy.

Can China save the global economy?

gary, colorado springs,colorado — Fri, 10 Oct 2008 08:04:33 GMT

I got an idea lets start making our own products then maybe jobs will be created. Then maybe people can afford to pay thier bills. I am not an expert by no means but it sure does seem our problems started when it became cost effective to have forein companies produce our goods and saying screw the working class. We the working class suffer when jobs go out of the u.s. and now we suffer again bailing out the same corperations that preached global economy. Screw them all. Give the tax payers the 700 billion which is about 6,000 per tax payer, tax imports to where it is cheaper to have u.s company's manufacture the goods we buy and see what happens to the economy.

Can China save the global economy?

Owen — Fri, 10 Oct 2008 08:09:43 GMT

China will not bail out US

Can China save the global economy?

Mario Teurn Sacramento, CA — Fri, 10 Oct 2008 08:10:55 GMT

Get a clue. China has already owned $1 trillion dollars of U.S. debt. Many of you have been watching of too much television when you should be reading the newspaper. Everyone should be thanking China for not droping the U.S. dollar. If they drop it and go to Euro, U.S. dollar is WORTHLESS. Stop letting the media sway your thinking. There is nothing wrong with Communism. It is something the top officials who like to start a war. If you look up in the dictionary, you should know. You people act like China is the enemy when, in fact, we Americans are the evil-doers and aggressors. I read some of your post and i laugh for dumbness and ignorant mind.

Can China save the global economy?

Colby Brand, Seattle, Washington — Fri, 10 Oct 2008 08:12:05 GMT

C'mon China is down 50%. There feeling the global pinch worse than we are. Let's face it, were in a global recession that may manifest into depression in many nations-------including our own. The economy needs to purge, let it happen. There aren't any miracles in bailouts. We will get through it.

Can China save the global economy?

Michael, NZ — Fri, 10 Oct 2008 08:45:09 GMT

The ecomony is going to collapse, and we are going to have to figure out a new political and economic system that actually works to serve all the peole, not just the wealthy and greedy. This is a huge wake-up call to the western world for letting market-forces and commericalisation control all affairs of our life.

Can China save the global economy?

bobo — Fri, 10 Oct 2008 08:55:12 GMT

better dead than red

Can China save the global economy?

Mr. Ron Campbell, Stonington, Ill. — Fri, 10 Oct 2008 09:02:02 GMT

Mr. Mc Farline Please look at yourself in a mirror before pointing fingers. Where do you get your water from?

Can China save the global economy?

Carlos Canas, New Orleans, LA — Fri, 10 Oct 2008 09:14:54 GMT

"For a profit a capitalist will sell the rope to hang him" Karl Marx

"Shop 'till you drop"

These two sentences summarize the root of our current crisis.

Can China save the global economy?

Owen liang — Fri, 10 Oct 2008 09:23:46 GMT

It is not the responsibility of the Chinese to bail out gobel financial institutions.it's Amricans government's job.China need the world ,and the world need China.

Can China save the global economy?

Carlos Canas, New Orleans, LA — Fri, 10 Oct 2008 09:29:40 GMT

"For a profit a capitalist will sell the rope to hang him" Karl Marx

"Shop 'till you drop"

These two sentences summarize the root of our current crisis.

Can China save the global economy?

R.Starwood. Seattle,WA — Fri, 10 Oct 2008 09:30:46 GMT

Sell California to China. No credit check required.

Can China save the global economy?

Pete, NC — Fri, 10 Oct 2008 09:32:04 GMT

May I recommend www.fee.org, a non-partisan organization dedicated to Economic Education. Distinguished economists contribute to the site and their publication. They have been warning us for a while of the current mess due to artificially established credit rates, banking monopolies and numerous other financial follies. Don't look to the government to fix the problem on Wall Street. Not only did they allow it to happen, they actively made it happen.

To quote a contributor to www.fee.org, "blaming Wall Street's greed on the current mess is like blaming gravity for a plane crash."

Can China save the global economy?

Joe Blog — Fri, 10 Oct 2008 09:50:00 GMT

I think it is time we come to reality that this might be the end of another "Great Empire" Most fallen empires almost always go down by fighting an "unjustified war" with a smaller nation. Got it?

Can China save the global economy?

Traiano — Fri, 10 Oct 2008 10:08:14 GMT

Another way of saying this would be: "If we could just get the Chinese on crack too". You people pushing the debt-fueled lifestyle have alot of nerve. You never know when to quit, and you never get called to the mat on it. There's your evil, people.

Can China save the global economy?

Joe, Australia — Fri, 10 Oct 2008 10:20:25 GMT

I think China wants to help. It is clearly in their best interest that America doesn't fall. (Imagine America defaulting on the $1 trillion loan. Not even counting the billions already invested in the US)

But China is in a dilemma. They have already suffered huge losses in their investments in the US. Some even suggest that they've been freely handing out physical goods to the US in the last 30 years in exchange for worthless pieces of mortgage paper. Can they afford to continue this indefinitely?

Put yourself in their position. If a gambler comes to ask you for more cash after losing most of your hard earned dollars, would you be brave enough to hand out more?

Can China save the global economy?

John Meehan, Seattle, WA — Fri, 10 Oct 2008 10:26:09 GMT

Everyone is cracking me up..."Fears of a recession"...what fears...This is far more than a recession. Why doesn't everyone just admit that this is a depp recession? That way, you can all bore us with the talk and question "fears of a depression"...ehich - by the way - we're already in!

Can China save the global economy?

Robin Mead, Southport, North Carolina — Fri, 10 Oct 2008 10:26:37 GMT

Because of the Crash of 1929, both my grandparents made it a point to instill into their children and grandchildren the absolute need for saving money, as opposed to buying or selling on credit, as I have passed this wisdom on to mine. It made sense then and it still makes sense now. What doesn't make sense, is buying something with money you don't have. It's not possible to hold your head up amongst your debtors; you just don’t have much room to do business with your head down like that. So, your grandparents and parents tell you to save, while every commercial and your own government tell you to buy, buy, and buy. When did buying become patriotic? Now, what's wrong with this picture?

As a couple of added bonuses, the grandparents taught us how to use the tools in the tool shed or tool box, as it applies; Granddad told us never to throw away or gamble with our hard earned money. He also said, “Don’t let anybody hold your money for ya, ‘cause it is just too much of a temptation for 'em to go ahead and spend it as they see fit.” I think the people of China get that, after all, it hasn’t been that long ago, they were facing starvation. The people of China, like our grandparents, knew hard times. They learned the hard way not to buy on credit or gamble with their life savings too. Yup, there's sort of a natural law to things I think people closer to the land in this country understood, back when it wasn't all about the money. If people understood it still isn’t about the money it’s about what the money can buy, I think we’d all be better off.

Back in the day, if a farmer didn't have any money, he sure wouldn't gobble up all his supplies before the winter set in and for sure, not before the next crop came in, he'd learn how to save it and store it and ration it, planning for hard times while the good times rolled or, he'd be dead. He wouldn't rent his cattle either, nor would he try to take milk to market before it came in. He wouldn’t steal another fella’s horse. And he wouldn't go around planting or reaping crops in someone else's field either, seeing as how that would start a land war. Hum-m, I don't see how it's any different with money.

Now, it looks like, our government is all turned around; seems they've forgotten what the natural laws of things are. They spent all the surplus money we had, spent our rainy day savings, borrowed from every neighbor, bullied and conned money and goods from the smaller countries all around the world, as it suited them. They also sold ‘em things they didn’t need, at prices they couldn’t afford and they did it by dealing with robbers. They cheated and lied at the market to get some more. Why, they even carpetbagged their own country. Then they started printing what pretty much amounts to counterfeit bills, for as much as the dollar holds worth ‘cause their ain’t no gold left in the coffer and their word doesn’t amount to the paper it’s written on. Neither does the constitution, I guess ‘cause that’s what the President told us …’it’s just a piece of paper.’ I guess so ‘cause he’s been writin’ on it ever since. Nope the government and the powers that be don’t tell us they’ve got big plans, big plans to take over the world. Them and a couple of other rich guys are gonna divvy it up into zones and control by debt, as if any means is justified in the end. All too soon, they graduated to passing out the electronic play money. And now, even when their own kin won’t turn to recognize them in the street, they start making more promises, telling everybody they owe that our grandkids will be glad to pay it, after they’re born -that is. And they used their father’s and grandfather’s and their uncle’s good name to sell it. And just when ya think they couldn't get any more creative, the government is talking about buying stock in the very bank they pay some other robbers to print the very counterfeit money they’ve been passing ‘round only, it takes real money to do it and Ma and Pa is forced to pay for it -coming and going. And what, may we ask, is the collateral? I guess it's the farm.
Whelp, I think I’m gonna have to pass on that. And I can tell ya, it doesn’t make one hill of beans who’s in office, ‘cause it ain’t gonna sell -no matter who says it or tries to slip it on by. Not today; not tomorrow. Not here; not there; not anywhere. Free Trade my left foot. China gets it. The whole world has gotten “it”. Fact, our government, big business (synonomous these days)and the Federal and State banks have already proven they can’t keep their fingers out of anybody else’s pie, not even Japan’s. Why don’t they just call it what it is; Oligarchic Highway Robbery? After all the worthless dollars our government has paid to China for her goods, to expect China to “chip in” on her own demise? Why, the whole world’d be better off if she didn’t. Now, you’re just making me giggle, son.

Can China save the global economy?

John Black, NYC — Fri, 10 Oct 2008 10:57:45 GMT

You want to know more about China, please visit our website, www.proworldforum.org

Can China save the global economy?

Vijayekkumaran M — Fri, 10 Oct 2008 10:59:41 GMT

" "we haven't done a good job of offering social and welfare services." So families here in effect are taxing themselves by saving for their children's education, buying a home, medical care, and retirement. "

This gives me the understanding why we in India also save like crazy..

Can China save the global economy?

rams-sydney australia — Fri, 10 Oct 2008 11:16:20 GMT

i think greedy americans they put themselves in that mess not china. hollywood's life style is not always as glitty or fancy as seen on TV. yes china is looking for a chance to get some control in the US market . but guess what was presented to them on golden plate by the brainless america's wall st greeds.wake up america before it's too late

Can China save the global economy?

Frank Heintz — Fri, 10 Oct 2008 11:17:09 GMT

Can it truly be possible that the United States of America has declined to such a pathetic low that it is being seriously suggested that we should beg the wretched Chinese dictatorship for a bailout? Has it really come to that? We can all thank Bush, McCain, Cheney, and their enthusiastic corporate sponsors and media mouthpieces for bringing America to this low point. Let's show our "appreciation" on November 4th.

Can China save the global economy?

Ben Gee, Edmonton, Alberta, Canada — Fri, 10 Oct 2008 11:26:29 GMT

China's economy and its foreign reserve of about $ 2 trillion dollars is much much too small to safe the US never mind the whole world. If the world equity market lost $ 25 trillion dollars this year, the whole China's foreign reserve will disappear if it is foolish enough to try to help and will acomplish very little.
Is there any thing any one can do ? I have maybe a foolish thought. There is much work need to be done in most US cities big or small. Instead of giving money to people like earlies this year or try to save big companies, if the money is used to fix up the cities, wouldn't that be better?
1. It will put people back to work, these people will have more money to spend.
2. If more people are working, more tax will be collected. And the tax money can be use to get more work done.
Is this not the way we got out of the depression in the 1930's ? Will it wirk again ?

Can China save the global economy?

Bryan, Cleveland, Ohio — Fri, 10 Oct 2008 11:30:52 GMT

Have IQs dropped more sharply than the DOW has in the last week? People actually expect a communist dictatorship to rush to save the American people?

They might help prop up the elites, for the sake of profits, but they don't do anything for the American people, EVER.

Can China save the global economy?

Karen Claddsom Enkhuizen, Holland — Fri, 10 Oct 2008 11:40:47 GMT

Sure they can!, they don't have BUSH at the helm.

Can China save the global economy?

billy — Fri, 10 Oct 2008 11:44:12 GMT

i don't want to be bailed out by china but if guye were to do it it would be okay i guess...

Can China save the global economy?

jane doe, anywhere, wv — Fri, 10 Oct 2008 11:44:30 GMT

I am fed up with the United States always trying to find someone to save our skin. We are a consuming - not producing "me first" society. Enough is enough. If we would go back to the basic principles of 4th grade math class we would realize if you don't have the money in the checkbook you don't get to spend it.

Our founding fathers would roll over in their graves if they saw what we have become. This country became great because of our self-sufficiency. We've become charitable to many nations that have been in need without expecting anything in return.

The question is, who will save us? I believe it is time for the people to stand up and let our politicians know that we aren't going to take it anymore. The only ones who can or will save us is ourselves.

Can China save the global economy?

David, NYC, NY — Fri, 10 Oct 2008 11:47:39 GMT

We created current mess by our own greedy corporate executives, our own out-of-control spending, and our own ego boosting war in Iraq. So, instead of looking for someone to bail us out, why don't we fix it by our own? First, every family starts saving like 2-3% of their income (shouldn't be too hard), get out of Iraq, cut down defense spending (why do we need so many new planes when no one has a plane that that can match our F15 or F18), car pool & drive less (stop feeding OPEC), and last but not least, get those greedy CEOs to pay back some of their undeserved bonuses. We will get out of this mess in no time.

Can China save the global economy?

Ali — Fri, 10 Oct 2008 12:15:23 GMT

Oil Prices Back to $1.00 per gallon will save the economey and lower the cost of Food

Can China save the global economy?

Sharon, Seymour,TN — Fri, 10 Oct 2008 12:17:54 GMT

Instead of China "bailing" us out I think the CEO's who have walked away with "BILLIONS" of our dollars are the ones who should be made to "bail us out"! I don't think it's China's responsibility, it's the CEO's who put us in this mess who are the one's who should be responsible to get us out of it.

Can China save the global economy?

Dave Schuster, Clarence Center, NY — Fri, 10 Oct 2008 12:23:24 GMT

I guess the journalists and economists just don't get it. China wants to be the pre-eminent power in the world. The collapse of the US is what China is waiting for. We are their rivals. Their culture is win at all cost. We have to take care of ourselves.

Can China save the global economy?

Bill Brown, Pine City, Minnesota — Fri, 10 Oct 2008 12:31:59 GMT

There is plenty of cash in the USA in the hands of less than 5% of the population. The richest families could easily buy our own bonds at .001% plus they pay taxes on that gained interest. Remove Bush's tax policy of the rich not paying their fair share, they can afford to bail USA out.

Can China save the global economy?

Andre Carrigton, Machias, ME — Fri, 10 Oct 2008 12:34:03 GMT

No foreign bailouts! The way this country is going, everything that we care about could be sold.

Can China save the global economy?

Joseph Brindley, Las Vegas, Nevada — Fri, 10 Oct 2008 12:37:59 GMT

I have the solution. We sell Yellowstone Park to China for 2 trillion dollars. Give 700 billion to the banks. We go to Chine with the other 1.3 trillion we buy the Great Wall and set uo hot dog stands every 100 yards. We'll make a killing selling chilly doge to tourists. In two years we sell The Wall back to China for 2 1/2 trillion. The hot dog stands will drive the price up. We come home and buy Yellowstone back for 1 1/2 trillion. It's worth less now as we plummet. The banks will pay back the taxpayers and we can fix our infrastucture and then pay down our dept.

Can China save the global economy?

Pauline Moore, Brooklyn, NY — Fri, 10 Oct 2008 12:43:32 GMT

A small portion of the Chinese population, e.g. 300 million, could easily bail everyone out with a good deal of consumption...however, internal to China, that would have to be accompanied with some help to the poor or social unrest would increase, particularly, to the 300 million migrants.

The good side of all this is that the global economy will likely prevent world war, because if one economy collapses, they all do. We really need to build on that, and get rid of US politicians who think we are Rome, and who are arrogant and stupid.

Can China save the global economy?

Darwin Compton, Gros Islet, St Lucia — Fri, 10 Oct 2008 12:50:26 GMT

Would it not be far more efficient and beneficial to the world’s economy in the long term to encourage growth by investing in the third world countries? There are millions of people waiting for an opportunity to produce and buy goods and services. Imagine the investment possibilities in energy, construction, security, transportation, medical care and the list goes on.

Can China save the global economy?

Shelley Keith Benjamin — Fri, 10 Oct 2008 12:51:13 GMT

Beware of China.

Is Chinese economy is capable enough in safe guarding world's economy ?

Can China save the global economy?

Bert Verwijs,Sarasota,FL — Fri, 10 Oct 2008 12:51:39 GMT

How about pulling OUR industries OUT of China, (and others) bringing them back to OUR good old USA?? 1) Our unemployment rate goes down; 2) our dollar value becomes stronger through industry earnings, then it will ever do through "casino" style gambling on Wall Street; 3) China will have to release THEIR money buying products elsewhere which will stimulate global economy, which in turn helps the US.

Can China save the global economy?

Steve O — Fri, 10 Oct 2008 12:51:44 GMT

We can and should be a oil producing powerhouse. All countries will suffer from lack of American purchased goods. We are the biggest consumer in the world and most is spent overseas.

Can China save the global economy?

Tay Vannabouathong — Fri, 10 Oct 2008 12:53:21 GMT

You know as of today we are still shelling out Millions of dollars in IRAQ... Why not pull our troops and save our money for this economy. Bush is a Failure... An we now are living in the shadows of China's mercy.

Can China save the global economy?

Fritz Mozoul, West Hartford, CT — Fri, 10 Oct 2008 12:54:06 GMT

The fact is we spend more than we earn. The end result is that we must repay our loans with depreciated assets, but because we cannot stop ourselves from spending more than we earn we will learn it the hard way.

The leaders proposed more liquidity to solve the current crisis, but they have been doing it for a long period of time and the problem is getting worse.

here is a solution: Let's cut back on our spending such as one telephone line per family, basic television instead 100 channels when you only watch five, start saying hello to family next door may be you can carpool to go to work, use less electricity at home, rent movies instead of going to the theaters, etc.

I bet you, none of the candidates will take the risk to propose such a solution because some of us will not vote for them. My guess is some of us would say, this candidate sounds like a foreigner and he's not one of us.

I am sorry to let you know this crisis will not be over any time because forcing people to invest their savings (401(k) accounts) in the stocks and the bonds markets is fundamentally flawed. As a result, we must expect wealth destruction (deflation) at the end of the cycle.

Can China save the global economy?

J Mc Donald G — Fri, 10 Oct 2008 12:55:09 GMT

Prophecy MUST be fulfilled! America is doomed as Babylon the Great. She must drop to her knees, for she has turned her back on God. Her money says "In God We Trust", but it has been proven by her actions that it is not the God of Abraham, Isaac and Jacob.
Let the word of God be fulfilled. The stage is being set for the Vatican to step up and usher in the Mark of the Beast.

Can China save the global economy?

PAUL — Fri, 10 Oct 2008 12:56:56 GMT

THATS OUR PROBLEM ,WE HAVE EXPORTED ALL OUR JOBS AND MANUFACTURING TO CHINA AND ELSEWARE. WE NOW HAVE NOTHING TO FALL BACK ON. GREAT POLICIES BY OUR CORRUPT GOVERNMENT

Can China save the global economy?

straight talk, PVD, RI — Fri, 10 Oct 2008 12:58:04 GMT

I'm with Charles A. on this one. China would never adopt such a cultural movement of consumption. There is plenty of opportunity to spread infrastructure, technology and health care across S. America and Africa that would provide additional capital to the engine. Unfortunately, corporations don't want (i.e.) their costs to rise.

Can China save the global economy?

Joe P. Michigan — Fri, 10 Oct 2008 12:58:15 GMT

Why would China want to help us when they don't like us. The people of the United States think there is a endless pit in which to obtain money. Spend, Spend, and spend some more. Nothing more needs to be said.

Can China save the global economy?

garimapathani — Fri, 10 Oct 2008 12:59:01 GMT

Why can't the big oil companies rescue us? If China bail out US- that will be a big blow to Capitalism. Communism wins.

Can China save the global economy?

Rosa — Fri, 10 Oct 2008 13:00:40 GMT

Look around you. Check everything you own in your mortgaged homes. Bet you won't find anything made in America. Made in China is all you see. We made that choice to buy. Fact is China has the money because we allowed our government to sell us out with all the junk in free flowing imports. Yes, it is time to stop the bleeding of this country. It will take tightening our wallets for a long time but I for one, will not buy anything I don't need for a long time. If we are to leave America for future generations of Americans, we need to change now, today. Bring our troops home, buy American only, and let's stick together. Hopefully with better leadership soon, we can "clean house" and start a new chapter in our lives.

Can China save the global economy?

Mickey in Phx. — Fri, 10 Oct 2008 13:01:14 GMT

To Ken from Providence:

Don't mean to be rude, but the term is:

lend/lease. We would/did lend or lease supplies to
GB, until after the war, when they would pay us back.

Can China save the global economy?

selma ferdinand,castries,st lucia — Fri, 10 Oct 2008 13:03:25 GMT

i think that it has to with wisdom and the knowledge of God to change things around for the US. yes, the economy is in trouble but it takes a lot of courage for some country to say yes that they are willing to help anothe country like the US in its crisis

Can China save the global economy?

Beverly S — Fri, 10 Oct 2008 13:06:18 GMT

I agree with Bill McFarlin - we got ourselves into this mess by our insatiable need to have everything whether we need it or not. Until we rein in our spending and take responsibility for the debt we incur, things won't change. As for China bailing us out? Why should they? A classic example of what's going on is AIG's deplorable behavior after their bailout. Their actions are representative of what's causing this mess.

Can China save the global economy?

Maya, Baltimore, MD — Fri, 10 Oct 2008 13:12:18 GMT

So basically...China OWNS US????

Can China save the global economy?

Justin — Fri, 10 Oct 2008 13:12:41 GMT

This is ridiculous. It sounds like the author of this article is suggesting that China's people should stop saving like we here in America, and start spending so that our economy can be saved? That is exactly why we are in this situation in the first place. They are smart in saving 30% of their money. Why should they become like us glutton Americans? We one of the main causes of a failing economy, environmental concerns, terrorist getting our money from us buying oil from the Middle East, etc. This is a perpetual nightmare. Wake up!

Can China save the global economy?

Joe, WI — Fri, 10 Oct 2008 13:14:35 GMT

What the heck does NAFTA have to do with China?

Can China save the global economy?

Gus, Los Angeles Ca. — Fri, 10 Oct 2008 13:16:04 GMT

If China were to bail out (buy) the United States remember one thing, if they do you and I will not have a job, ever see a red, white or black person working for them, (I am Cherokee Indian) they only hire illegials from what I have seen in the Los Angeles area and pay them very little "cash" to avoid taxes.

Can China save the global economy?

Marine Richmond Va, — Fri, 10 Oct 2008 13:21:37 GMT

We spend billions and billions of dollars every year, providing aid and security to many foriegn contries. We gave the Middle east the knowledge to get the oil out of the ground so they can screw us. Its time we take care of our own ! Close all the bases around the world, bring our troops home, secure our own borders, bring our industry back, round up all the people who are in this country illegal send them home. It is time for America to take care of itself and bring us back to what we once was ! Send a message to all countries who would want to do us or our intrest harm, if you mess with us we will level you plain and simple !! Once we have taken care of ourselves and all American are secure, if there is anything left we will help others. I am sick of seeing us take on the burdens of the world while we self distruct ! Our Government is full of crooks and liars, they have sold us out ! It is time for the people of this country to stand up and take it back !!

Can China save the global economy?

JORGE ARLINGTON VA — Fri, 10 Oct 2008 13:25:17 GMT

If China can not save their own economic, How will they save America economic?
I hope we wont get any contaminate MILK for our CHILDREN.

Can China save the global economy?

Yinka Dare, Nigeria — Fri, 10 Oct 2008 13:26:32 GMT

They should ask Japan for help instead. Japan is a closer ally to the US than China is. Plus they have the world's 2nd largest economy, just ahead of China.

Can China save the global economy?

john doe — Fri, 10 Oct 2008 13:30:03 GMT

good-bye america, hello hong kong , we should get ready to learn the language , next time american greedy people should buy us dinner befor they screw us

Can China save the global economy?

Chen Kai Wen, San Francisco, CA — Fri, 10 Oct 2008 13:32:12 GMT

no, they don't have to bail us out. However, I have yet to hear a convincing argument from any China-hater on why they are not our friends. This idea seems to come mainly from our nation's most scary, superstitious folk--the kind who put up billboards that say things like 'SAVE MARRIAGE!'; the kind who rally in Tampa, FLA to take the 'Devil' out of the Devil Rays baseball team name; the kind who watch FOX news and "Saved by an Angel" and believe those programs are true; the type who probably deep down support bombing abortion clinics and post on the internet all day using Barack Obama's middle name and suggesting he is a terrorist. SCARY people. When I see them--or read their posts, I suspect they know nothing at all whatsoever about China, and I cross the street to avoid them.

Can China save the global economy?

Robbie Smith, Bishopville , South Carolina — Fri, 10 Oct 2008 13:33:27 GMT

How many big corporate CEO bonuses would it take to bail us out? We only hear of the $240,000,000 a top CEO gets. How about his underlings. That is just one company. This does not even count their salary. None of the should be allowed to make more in a bonus than the President of the United States. I think that is around $400,000 now. If the bonuses were not so high the big banks and companies may not be in the shape they are in now. There is no way anyone needs that much money.

Can China save the global economy?

nani — Fri, 10 Oct 2008 13:34:57 GMT

blame it to the BUSH(stupid cowboy)

Can China save the global economy?

Easy E from the Big Easy — Fri, 10 Oct 2008 13:35:52 GMT

I think we could learn alot from china. They are one of the oldest societies on the planet witch has gone through many changes. Though we had a jump start on free market and just plain being free. To learn conservation would be good. To save in your matress some money well that could be good for the person breaking into your house. WE ARE AMERICANS we won't flicker away like a burnt out candle. If this country goes its gonna go in a blaze of glory. Much like the Roman Empire another great democracy that went to democratic Extremes and of course the same thing that made it great also in the end almost completly destroyed it. I Think we need to stop policing the rest of the world and save our own asses then ask the rest of the world how they are doing.

Can China save the global economy?

steve waterhouse — Fri, 10 Oct 2008 13:36:26 GMT

Spend spend spend, then borrow more money to spend some more then borrow more to pay off the acclumalated debt!! If we all paid off what we owed then maybe we wouldn't be in this position and yes the banks have gambled on black and it came up red. The warning signs have been there and still they reckessly lent it too us and we just as reckessly bowwored it!!

Can China save the global economy?

kl — Fri, 10 Oct 2008 13:36:47 GMT

china should export to herself,
america should stop shifting the industry to china to export to america.

Can China save the global economy?

Vanessa Diaz — Fri, 10 Oct 2008 13:37:27 GMT

When will humans put national divides aside and realize that we are not only interdependent within a nation but among nations? Will this experience bring about an age of greater solidarity or World War III?

Can China save the global economy?

jack b lake city fl. — Fri, 10 Oct 2008 13:44:44 GMT

remenber who got us in this mess, after 2 terms in dc we should vote them out. so we can have some one who cares for the folks down home. this is not too hard to change.

Can China save the global economy?

Adam, London, Ontario — Fri, 10 Oct 2008 13:50:45 GMT

Consumerism is what has destroyed the West; we spent more than we had. China should not work towards our economic model. "Impoverished" westerners still live amongst 2% of the worlds richest. I have a suggestion for winging Americans; take your kids out of organized sports and grow a garden.

We had our chance to help the rest of the world but we wanted big screen TV's and nice fancy cars instead. Now that the tables are turning we're crying for mercy. Reap what you sow and we sowed very little. Greed is not sustainable and we are having ours exposed. This is so exciting.

Can China save the global economy?

logical, nomans land, Nebraska — Fri, 10 Oct 2008 13:50:46 GMT

First, "Neither a borrower nor a lender be" is from Hamlet, not Benjamin Franklin.

Second, How is it not your governments job to prevent it's people from falling into economic hardships, losing jobs, homes, and savings? The point of a government is to lead the people, not destroy them by turning a blind eye to their friends in high places, who lie, steal and hide vital information during audits in order to maintain their outrageous salaries. Quite frankly, the guy who walked away with $26 million for all of three weeks of work (or something along those lines) and the execs who treated themselves to a $400,000.00 spa getaway,should be made to put that money back into the economy, instead of having the law abiding, tax paying, innocent citizens of the World, not simply America, bail out the mistakes of a greedy oligarchy.

Can China save the global economy?

Terrie, New York, NY — Fri, 10 Oct 2008 13:52:53 GMT

We shouldn't look to other countries to bail us out. What needs to happen is that the execs who got us in this mess should go to jail, the government should liquidate all of their assets, and their wives and children need to get jobs to help...

Can China save the global economy?

Dan, Portland, OR — Fri, 10 Oct 2008 13:54:18 GMT

Well, America, it’s been a long time coming and it finally arrived. We’ve been blindly voting for and supporting government officials who consistently sell us down the economic river to the international corporatocracy and international bankers all in the name of GLOBALIZATION! Slowly but surely our manufacturing capabilities have been dwindling so companies can set up shop in foreign countries to maximize their profits while American workers fall by the wayside. Our services industries outsource even more jobs overseas so when you call with questions or complaints a customer service rep with broken English in India or the Philippines is who you have to deal with! Home manufacturer’s illegally import cheap labor from Mexico while American craftsmen stay at home on welfare! And there is no end in sight to the greed, gluttony, sedition, and fleecing of America. The phony War on Terror, the fake War on Drugs, NAFTA, CAFTA, the WTO, the IMF, the FED, and the North American Peace and Prosperity Act are only a handful of the subversive policies that are destroying this nation and no one seems to notice or care! So, keep shopping at Wall-Mart and vote for McBama so we can continue this immoral war for oil and opium that is also hemorrhaging our economy into a death-spiral!

Can China save the global economy?

Tosh — Fri, 10 Oct 2008 13:54:26 GMT

No more cheap money from Asia, please. Just do your work and pay back your loans. We need to get back our US companies from overseas and start making our own cash money. No more credits and simplify your personal economies. Lets think more about a cash economy. Bring back real reasonably paid jobs to america. We do really need those jobs overseas. We dont want unreasonably paid jobs with cheap loans assistance from Asia. Thats over. THAT WAS WRONG. Cheap money is like opium. This whole thing was wrong from the start. We need to get back our american spirit fundamentals.
China saving the world? I think they have plenty of work to do starting with human rights and basic health needs. I absolutely agree with prior posts. People just dont know real China. In fact, US doesnt know Russia or even Europe. They all lack leadership and global vision. US has the global vision. We just went too far with our exotic finances. Thats all. We are just not perfect but we already knew that. Every american knows that. We are still a country in the making. A huge laboratory. A global community. Lets take some time to correct our mistakes. It will be very painful but we will recover from this addiction to cheap credit. This has been like financial steroids experience. No more synthetic financial steroids!! We just took the wrong road. No need to question US leadersship or take these things out of proportion. We are not perfect ...so what?
At least, we try.

Can China save the global economy?

Holly Arkansas — Fri, 10 Oct 2008 13:57:45 GMT

We need to round up all the illegals and their families, and send them back to Mexico. We need to build factories here in the USA and make jobs available to legal U.S. citizens. We need to build a wall across the boarder where illegals can't climb and start protecting our country!

Can China save the global economy?

Jim, Chicago IL — Fri, 10 Oct 2008 13:59:24 GMT

I keep hearing that it's going to take a long time for the Government to disburse the $700 billion. Why doesn't the US Government give the $700 billion dollars to the tax payers with the stipulation that if you have a foreclosed mortgage or are about to loose your home, you have to use that money to help pay off the foreclosed mortgage or refinance your mortgage that is about to go south. If you don't, the banks can come after you for the money.

This way the money gets back into the econnomy faster and the banks would get the bad debts off their books.

Anyone who doesn't have a bad mortgage can use the money to invest, save or just spend.

Can China save the global economy?

Craig Kirchner, Huntley ,Illinois — Fri, 10 Oct 2008 13:59:43 GMT

Americans need to learn that whowever has the most toys wins isn't a good model to live by. We all need to take a step back and see what we should have done smarter, starting with speaking up to the politicians who 9 out of 10 times don't make the right decisions.
The American people need to step up to the plate once again to show the world that we are still a super power and we can clean up our own mess. If we can't start investing in ourselves and turn off all the gloom and doom then we are in trouble. I know we have the capacity within the United States to get ourselves out of this crisis. It will take everyone to look at what they can do to make a positive contribution. We need to look at what got us into this mess and realize that it wasn't everyone on Wallstreet but a few and by pulling investments away from all business on Wallstreet it only adds to the fear. Let's go back to the basics and invest in the companies we know can be trusted and get this market turned around. We don't need to wait for a handout from someone else we can stand up and do it on our own. We will also need a leader that will put the regulations on large companies so this type of problem doesn't happen again.

Can China save the global economy?

michelle arlington tx — Fri, 10 Oct 2008 14:00:28 GMT

I say make the rich bail america out after all its ther mistake.stop asking other countrys to fix something you did.you did you fix i!!

Can China save the global economy?

Jahn Doe, New York, NY — Fri, 10 Oct 2008 14:01:02 GMT

All the crooked/greedy politicians and CEOs of the United States should be held accountable and punished for driving the economy to it's present state.

But, sadly, they are the ones with the golden parachutes...

Also, someone earlier mentioned that the oil producing countries should step forward to assist in the global bailout - I think that's a great idea! It's really easy money for these countries when you think about all they do is pump oil out of our planet, earth, and sell it to the world.

Can China save the global economy?

Ken writing from Beijing, China — Fri, 10 Oct 2008 14:01:57 GMT

The idea that China somehow has wanted the downfall of the U.S. This is U.S. business propoganda, I feel. U.S. and capitalistic businesses fear socialism and communisim because it means all wealth is owned by the people, and therefore cannot be owned by one interest. Since most of us are not CEOs I expect few to understand this concept and revert to what we've been drilled our whole lives "Those evil communists!".
China's economy is moving towards a free-market, which is why they've been able to become such a major world power and BEGIN to move out of third world-conditions. Despite what many Americans think, they are not hell bent on destroying us, or our way of life. Quite contrary, we've brought them enormous prosperity and the people here greet me with appreciation. They are not ashamed to say how much they love Americans. Americans, they say, have helped them to feed their children when they had nothing, put clothes on their backs and asked for nothing. Americans, they say, are great people.
However, it is NOT their responsibility, nor within their capacity to bail the world (or the U.S.) out. When will this end? The choice is in your hands on election day. What's more? Do a search on Money as Debt (or the other way around, Debt as Money). Google it yourself and see.

Can China save the global economy?

Dan Brown, Chicago, IL — Fri, 10 Oct 2008 14:03:57 GMT

I am wondering when the US will see the increasing exports (and corresponding jobs) of all our high tech value added goods manufactured in the States to those Chinese consumers we sent our manufacturing jobs to? If we could get them to start consuming some of our products we could get our own reciprocal economic jump start. Of course this is a dream as the Chinese government will only allow imports of products temporarily until they can produce domestically, and control and own the production for themselves. For an emerging "third world" economy it seems they have taught us a lesson on economic growth and sustainability. Our answer is to offer an economic stimulus to the American People who for the most part (like the addicts we are) run off to a retailer to purchase yet more low cost imported consumables for our low cost addiction. We spend our stimulus at a retailer who immediately sends it to China, if we really wanted a sustainable stimulus why not stipulate that the money be spent on domestically produced products?

I am sick of how our political and business leaders have sold our futures by destroying our basic manufacturing (and job) base through their short term and often corrupt management of our economic policy. Anyone who complained in the past about our trade policies and the unfair nature of what was happening was branded a protectionist. While we provided total access to our most precious of assets, our market, our exports were not given equal access to gain a sustainable foothold in China. The reality is that the Globalization that was supposed to lift China and create more markets for our domestic products was and is a fantasy. China is being lifted by our addiction to their low cost products and our standard of living will be (is) decreasing due to the job loss of having to compete with a ridiculously low cost China worker. Some Americans did profit by facilitating this strategy, while many more have lost jobs with the corresponding weakening of our overall economy.

Instead of “Free Trade” we needed “Fair Trade” and we have mismanaged our economy and now we are paying the price. We need an end to the short term opportunistic strategies which have gotten us here. Also we need to end corrupt political and big business practices of our leader’s willingness to profit by acting in the best interests of others than the American people. It seems that every time we have another crisis, Washington throws more borrowed money at it to try and “feed the masses” some crumbs to move on to yet another crisis. Unfortunately I am afraid it will take another “Great Depression” for the American people to learn. Maybe we should import some Chinese economists and politicians to provide a longer term sustainable strategy to our economic planning and growth.

Can China save the global economy?

Hope Pearce, New York, NY — Fri, 10 Oct 2008 14:04:32 GMT

Why should the Chinese bail out the US? Or another other countries for that matter? There is a big problem with the structure of the US economy. It also needs to let it complete break down and rebuild it from the ground up. For the last 20 years, there is no real growth but inflated stock and house price and that wealth is all going to the top 1% and they pay no taxes back. Also after this last 8 years of the Bush administration, most people would be glad that the US come falling down hard. The only thing that stop the rest of the world from joy is our bad economy is also pulling them down. I can't see any turn around until and only if Obama is elected as the next president.

Can China save the global economy?

JanesWorld — Fri, 10 Oct 2008 14:05:18 GMT

I can't believe someone would be stupid enough to expect us to turn to China. We have an incredibly uneven trade situation with them; they won't import what they see as inferior and unacceptable US-made goods but expect us to take any piece of garbage they produce, and we do because it's cheap. They have sent us goods that have killed our pets, poisoned our children, and pose a substantial risk to our citizens but still we imports all of their allegedly superior goods. And now we expect them to bail us out? If we want the economy stimulated we need to embrace the "Made in America" slogan. Put Americans to work again and start producing food and goods for our own people so that we no longer need to import anything. It has to just as profitable to make it here and ship locally as it is to pay fuel and shipping to bring it from halfway around the world. Stop selling all our raw materials to foreign countries and keep them here for American businesses to expand and prosper. If we can send trillions to Iraq to save them when they have plenty of their own money, we can infuse trillions of dollars into our own economy to revive it and give American citizens their hard fought for sense of pride back and show the world that, yes we can do and make anything and don't need you.

Can China save the global economy?

Just a thought — Fri, 10 Oct 2008 14:07:21 GMT

Can the global economy evolve and find equilibrium with the absence of the Unite States as a key player?

Are any countries really obligated to help the US, financially?

Who truely drove the US economy to this?

Can China save the global economy?

Dee Connelly, Southern UTAH — Fri, 10 Oct 2008 14:12:04 GMT

Our mothers and fathers taught us to save for a rainy day. Out west here, it's not raining nearly enough, and there isn't that much actual cash flow, just people moving the same assets around and around. Put just 2 percent of your meager paychecks away for the rainy day. Sure, it will take years to see a benefit, but within months a family could bail themselves out of small emergency cash crunch situations, and then in future be more self-reliant. DON'T GET SCARED NOW. Where did all of the corn, rice, money ($700 Billion) vanish to? ALOT OF THIS IS HYPE. Some of it was fluff and fake numbers reported quarter after quarter without enough reprimands in our US Stock Markets, but other than about $300 Billion of the monies that are just GONE - Magically - just before the election, discovered, Fluff and bonuses considered, WHERE HAS THE OTHER $400 Billion disappeared to? SOME OF THIS IS JUST HYPE. Start at your own home or apt. and sock a little bit away, and work 5 extra hours a week being "work-brickle". It will eventually add up to our "HUMAN RESOURCES" being able to make a difference and we will see some stabilization in about 2 years. How about silver mining in ID and digging up some more of our own resources, too. Let's get some kids in the future generation interested in energy resources and do something Plus hybrid cars (I own one) and also wind farms - like do some drilling for heating oil and fuel and natural gas right here to help us take back our independence. And, be charitable, but don't give away the store when many people in our own nation go to bed without dinner at night. START your charity at home, and then give surplus goods and kind service HOURS to other peoples in need. Be HOPEFUL. Things will get better. I'm 47 and I've been around awhile. THIS TOO SHALL PASS.

Can China save the global economy?

Karla B. , NY , NY — Fri, 10 Oct 2008 14:14:24 GMT

People still have the wrong old image of China ....not everybody is aware that China's middle class is growing and SO fast... Check this graph in the following link : " http://www.taleo.com/blog/images/posts/China.png " ..... compare the ammount of poverty before (1985-1995) with the ammount of poor people now .... also look the predictions for the years 2015 and 2025 and you will see that what the article says is not crazy.

Can China save the global economy?

Chen Kai Wen, San Francisco, CA — Fri, 10 Oct 2008 14:19:54 GMT

Dan: I have always suspected that those most virulent anti-Globalism people are in their heart of heart racists and xenophobes supreme. Thanks for proving my point. Holly Arkansas, Holly Arkansas. Where do we begin with you? Have you ever heard the expression 'sh*t jobs'? Well, poor people from our neighboring, friendly country Mexico--as well as from other Latin American countries, tend to come and take THOSE jobs in agriculture especially, which white pride pitchfork folk such as yourself would never ever take. Too hard. No healthcare. No retirement. Too little pay. Further, the U.S. cannot compete in the world with what it takes in many industries to build a factory here and pay workers a living wage and benefits HERE. Plus, we are a first world country--how many Americans really want that kind of mind-numbingly boring, do the same borderline-dangerous thing all day long around moving machinery? What we need is something like the public works programs started in the New Deal (after the last oafishly awful economically challenged, depression-causing president Herbert Hoover left office to a more hopeful, smarter, and talented DEMOCRAT, FDR). It can happen again, there will be the need for many many new jobs when Obama gets the alternative energy industries up and running. These won't be just brutal, soul-killing factory jobs, but forward-looking jobs that are helping our economy and our country, which anyone would be proud to have. Just stop blaming all our problems on other races. It's like you are completely ignorant that we--the U.S., was built (railroads by Chinese, agriculture, etc., by the slavery of Africans, etc.) on the backs of these folks--and not that long ago too. Take the molotov cocktail out of your hand and replace it with a book, how about Holly?

Can China save the global economy?

Jose N. Corpus jr, Virginia Beach, VA — Fri, 10 Oct 2008 14:20:58 GMT

Well, United States is like a destroyer, once got hit every crews onboard have a job or two to survive the hit. We work together as a team to fill the holes and keep the ship to stay afloat. Our main job is to save the ship. Mr. President and other Politicians are like a crew of the ship by not working together as a team will make the ship go down and survival will be hard and difficult for everyone. Onboard we work together and nationality doesn't matter or color of skin , black, white, brown,and yellow color of the crews. Our main objective is keep the ship afloat and to fight again the other day. What we need in Congress and Senate are team work and no party on the side. Now because of your party devotion and lack of team work and cooperations from both Congress and Senate our economy is sinking and those politician must learn something, you are elected by the people and you must work together to save those constituents who elected you. "PEOPLE AROUND THE WORLD COULD SENSE THAT LACK OF COOPERATION IN OUR COUNTRY THAT THEY LOST THERE TRUST". You are the saviour of our country but not the enemy of each party, you are but on paper a Republican and a Democrat, but a pure loving American who always hope for the betterment of our Country thats the reason you are elected by the people. Now show the whole world that you are but one winning team and that is the " AMERICAN POLITICS".
This economic turn of event is nothing to american people, we are a very resilient people, we are free with freedom to bring any calamities into victory. We could survive all odds thats why we are AMERICAN.
Our voice will always be heard and this is
" GOD BLESS AMERICA AND IN GOD WE TRUST" the land of the free and lover of freedom. God is on our side, and we will prevail.

Can China save the global economy?

george — Fri, 10 Oct 2008 14:24:18 GMT

i have to agree with marine about suspending forign aid. if a country can't support it self how can they be expected to supply aid to other countries? If citizens in third world countries die from lack of food well them is to bad(i'm not saying this to be cruel)in times of crisis the united states has to worry about themselves.