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Government Bailout


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Today I met with the Singapore goverment (Economic Development Board) and listened to their pitch to keep their economy from going in the ditch. I like what they had to say and are willing to give aid to businesses. They just passed a $22B spending budget a few weeks ago and the money they are offering to businesses in Singapore is being wisely spent. They will fund businesses to train their employees rather than terminate their jobs. They will pay for most of the wages while the employees get the training. Their was plenty of other great ideas; with the main theme being they would give money to business but only if they would retain the jobs in Singapore. Very impressed with their ideas.

 

I look at what we are doing here in the US and I think we got it all wrong. We are throwing money at the financial industry that caused all this mess without any job creation or retention programs. The execs in these industries are still getting the disgusting bonuses. Instead of throwing good money after bad, why is our government not funding businesses with grants to keep them from eliminating US jobs? We are handing the money out but with no strings attached to US jobs.

 

Not happy about how our government is handling this crisis. No focus on immediate retention of jobs in the US. I thinks this is a huge mistake by Bush and Obama.

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No, our government doesn't get it, but unfortunately this is what 60% +/- of US citizens wanted apparently. I hope they're happy.

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Guest markham51

I hear where you are coming from.

 

Singapore has an extremely well regulated financial system and overall system of government. The government takes an active role in financing business and running government controlled investment corporations. As you pointed out, they have a very pro business approach to things and with a relatively small population (5 million) they can execute programs quickly and efficiently. The US system is very different and most right wingers would consider them "socialists".

 

Singapore is located in Asia, on the crossroads of Asian trade routes, where all the growth has been these last few years. They are going to have major problems during this recession but in many ways they will have it easier than most.

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Been to Singapore a couple times.......Very clean polite people and Strongly Regulated with

very low crime rate.............

 

Most if not all Americans would not wan't to live there espessially if you want to keep the Shelby...........

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I think it's funny that the Democrats always crabbed about the Bush Adam. always doing whats best for the rich people in this country, yet now the Democrats have bailed out all the rich people on Wall Street, allowing them to give themselves bonuses, the CEO's for the car companys and ya know what.................the little guy (ME) is paying for it, I'm not getting any bailout just an increase in my taxes. Oh, I'm mistaken there, I'm getting 13.00 xtra each month in my paycheck, I forgot what a great deal I'm getting :doh:

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I think it's funny that the Democrats always crabbed about the Bush Adam. always doing whats best for the rich people in this country, yet now the Democrats have bailed out all the rich people on Wall Street, allowing them to give themselves bonuses, the CEO's for the car companys and ya know what.................the little guy (ME) is paying for it, I'm not getting any bailout just an increase in my taxes. Oh, I'm mistaken there, I'm getting 13.00 xtra each month in my paycheck, I forgot what a great deal I'm getting :doh:

 

Hey, you're lucky, I'm not getting anything, just paying more apparently. But hey, someone's got to help all those people who make bad decisions in their lives; certainly THEY not be responsible for their own bad behavior and somebody needs to condone it. :doh:

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No, our government doesn't get it, but unfortunately this is what 60% +/- of US citizens wanted apparently. I hope they're happy.

It may have been 60% of those who voted, however it was only 32% of the total adult population in the U.S.

 

Sure wish more people would have gotten off their lazy a$$ and actually cared enough to vote!

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As we listen to Obama's speech tonight, consider the following;

 

Sam Webb is the national chair of the Communist Party USA. In the last two years, Webb has traveled to China, United Kingdom, Vietnam, and Cuba where he met with Communist and Socialist leaders and he represented the Communist Party USA at the Athens, Greece, meeting of world Communist Parties.

 

Recent speech and statements;

 

"President Obama, is working to nationalize the U.S. economy", said Sam Webb. "President Obama is beginning, the 'Peoples Change', by Nationalizing, the U.S. financial system ,the Federal Reserve Bank, private industries, such as energy and other private sectors".

 

"These business's must be Nationalized, because their future is "problematic" in private hands", claims the leader of the Communist Party of the USA. in a major speech focused on Obama titled, "Off and running: Opportunity of a lifetime,"

 

CPUSA leader Sam Webb also stated that "President Obama's administration will and must turn education, childcare, and health care into "no profit zones;" rerouting investment capital from military infrastructure to "green economy" projects and public infrastructure; and waging a "full scale" assault on global warming."

 

"We now have not simply a friend, but a 'people's advocate' in the White House," declared Sam Webb at a recent speech in Ohio for People's Weekly World Communist newspaper. He appalled, "President Obama and his plans for a complete, Democratic public takeover of the energy complex as well as a readiness and strong willingness, to takeover other basic industries whose future is problematic in private hands".

 

"Turning education, child care, and health care into "no profit" zones". "Rerouting investment capital from unproductive investment (military, finance and so forth) to productive investment in a green economy and public infrastructure."

 

Webb applauded "Obama's, $800-plus billion stimulus package as "a good bill that will begin the process of Nationalizing the Private sector". Communist Party, leader Sam Webb, explained that labor unions, (which he said were instrumental in Obama's election), must work hard, to keep the White House in check by "exercising an enormous influence on the political process".

 

Sam Webb concluded by stating, "that never before in American history, has a coalition, like the Obama administration, with such breadth and influence, walked on the political stage of our country," "Our time has come".

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