Home › Forums › Financial Markets/Economics › The Rise of the Rest – Newsweek
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May 6, 2008 at 10:27 AM #199696May 6, 2008 at 10:30 AM #199573dumbrenterParticipant
brssharma, if we are looking for the single biggest reason for this mess, you are right, it is the congress. They are well on their way to making themselves irrelevant. I find it amazing that the same set of politicians (especially Dems) who voted for the war are now against it.
If I am not mistaken, the employer withholding of taxes, social security, employer sponsored medical plans all happened at pretty much at the same time in response to certain stresses imposed on the system. These stresses have been removed/subsided for a long time now, but these plans still remain. I am afraid the same will happen for new laws implemented after 9/11. The government has already encroached on the domain of personal responsibility. Now they are engaging in wealth distribution (bailouts). What next, a list of approved words to use in our vocabulary?
May 6, 2008 at 10:30 AM #199613dumbrenterParticipantbrssharma, if we are looking for the single biggest reason for this mess, you are right, it is the congress. They are well on their way to making themselves irrelevant. I find it amazing that the same set of politicians (especially Dems) who voted for the war are now against it.
If I am not mistaken, the employer withholding of taxes, social security, employer sponsored medical plans all happened at pretty much at the same time in response to certain stresses imposed on the system. These stresses have been removed/subsided for a long time now, but these plans still remain. I am afraid the same will happen for new laws implemented after 9/11. The government has already encroached on the domain of personal responsibility. Now they are engaging in wealth distribution (bailouts). What next, a list of approved words to use in our vocabulary?
May 6, 2008 at 10:30 AM #199639dumbrenterParticipantbrssharma, if we are looking for the single biggest reason for this mess, you are right, it is the congress. They are well on their way to making themselves irrelevant. I find it amazing that the same set of politicians (especially Dems) who voted for the war are now against it.
If I am not mistaken, the employer withholding of taxes, social security, employer sponsored medical plans all happened at pretty much at the same time in response to certain stresses imposed on the system. These stresses have been removed/subsided for a long time now, but these plans still remain. I am afraid the same will happen for new laws implemented after 9/11. The government has already encroached on the domain of personal responsibility. Now they are engaging in wealth distribution (bailouts). What next, a list of approved words to use in our vocabulary?
May 6, 2008 at 10:30 AM #199665dumbrenterParticipantbrssharma, if we are looking for the single biggest reason for this mess, you are right, it is the congress. They are well on their way to making themselves irrelevant. I find it amazing that the same set of politicians (especially Dems) who voted for the war are now against it.
If I am not mistaken, the employer withholding of taxes, social security, employer sponsored medical plans all happened at pretty much at the same time in response to certain stresses imposed on the system. These stresses have been removed/subsided for a long time now, but these plans still remain. I am afraid the same will happen for new laws implemented after 9/11. The government has already encroached on the domain of personal responsibility. Now they are engaging in wealth distribution (bailouts). What next, a list of approved words to use in our vocabulary?
May 6, 2008 at 10:30 AM #199700dumbrenterParticipantbrssharma, if we are looking for the single biggest reason for this mess, you are right, it is the congress. They are well on their way to making themselves irrelevant. I find it amazing that the same set of politicians (especially Dems) who voted for the war are now against it.
If I am not mistaken, the employer withholding of taxes, social security, employer sponsored medical plans all happened at pretty much at the same time in response to certain stresses imposed on the system. These stresses have been removed/subsided for a long time now, but these plans still remain. I am afraid the same will happen for new laws implemented after 9/11. The government has already encroached on the domain of personal responsibility. Now they are engaging in wealth distribution (bailouts). What next, a list of approved words to use in our vocabulary?
May 6, 2008 at 11:21 AM #199643patientlywaitingParticipantSubmitted by dumbrenter on May 5, 2008 – 2:23pm:
How come I never hear of people packing off to go live in Israel, Singapore, Abu Dhabi or whatever if things are so good over there?
——–How about Halliburton?
American engineers, architects are moving to the Middle East in droves. Europeans are flipping condos and making fortunes in Dubai.
American pilots are clamoring for jobs with Emirates, Cathay Pacific, Etihad, and Qatar Airways because their salaries have been cut by 1/3 at home.
American architectural firms are making the payroll thanks to work in China.
The workforce in free-trade zones is incredibly diverse.
Warren Buffet is investing in companies whose revenues are not denominated in dollars.
I’m not saying that it’s over for America, far from it. But we need to recognize the warning signs and fix what’s wrong before it’s too late.
It’s healthy to be a little paranoid. It keeps you from losing sight of the competition.
May 6, 2008 at 11:21 AM #199684patientlywaitingParticipantSubmitted by dumbrenter on May 5, 2008 – 2:23pm:
How come I never hear of people packing off to go live in Israel, Singapore, Abu Dhabi or whatever if things are so good over there?
——–How about Halliburton?
American engineers, architects are moving to the Middle East in droves. Europeans are flipping condos and making fortunes in Dubai.
American pilots are clamoring for jobs with Emirates, Cathay Pacific, Etihad, and Qatar Airways because their salaries have been cut by 1/3 at home.
American architectural firms are making the payroll thanks to work in China.
The workforce in free-trade zones is incredibly diverse.
Warren Buffet is investing in companies whose revenues are not denominated in dollars.
I’m not saying that it’s over for America, far from it. But we need to recognize the warning signs and fix what’s wrong before it’s too late.
It’s healthy to be a little paranoid. It keeps you from losing sight of the competition.
May 6, 2008 at 11:21 AM #199708patientlywaitingParticipantSubmitted by dumbrenter on May 5, 2008 – 2:23pm:
How come I never hear of people packing off to go live in Israel, Singapore, Abu Dhabi or whatever if things are so good over there?
——–How about Halliburton?
American engineers, architects are moving to the Middle East in droves. Europeans are flipping condos and making fortunes in Dubai.
American pilots are clamoring for jobs with Emirates, Cathay Pacific, Etihad, and Qatar Airways because their salaries have been cut by 1/3 at home.
American architectural firms are making the payroll thanks to work in China.
The workforce in free-trade zones is incredibly diverse.
Warren Buffet is investing in companies whose revenues are not denominated in dollars.
I’m not saying that it’s over for America, far from it. But we need to recognize the warning signs and fix what’s wrong before it’s too late.
It’s healthy to be a little paranoid. It keeps you from losing sight of the competition.
May 6, 2008 at 11:21 AM #199736patientlywaitingParticipantSubmitted by dumbrenter on May 5, 2008 – 2:23pm:
How come I never hear of people packing off to go live in Israel, Singapore, Abu Dhabi or whatever if things are so good over there?
——–How about Halliburton?
American engineers, architects are moving to the Middle East in droves. Europeans are flipping condos and making fortunes in Dubai.
American pilots are clamoring for jobs with Emirates, Cathay Pacific, Etihad, and Qatar Airways because their salaries have been cut by 1/3 at home.
American architectural firms are making the payroll thanks to work in China.
The workforce in free-trade zones is incredibly diverse.
Warren Buffet is investing in companies whose revenues are not denominated in dollars.
I’m not saying that it’s over for America, far from it. But we need to recognize the warning signs and fix what’s wrong before it’s too late.
It’s healthy to be a little paranoid. It keeps you from losing sight of the competition.
May 6, 2008 at 11:21 AM #199770patientlywaitingParticipantSubmitted by dumbrenter on May 5, 2008 – 2:23pm:
How come I never hear of people packing off to go live in Israel, Singapore, Abu Dhabi or whatever if things are so good over there?
——–How about Halliburton?
American engineers, architects are moving to the Middle East in droves. Europeans are flipping condos and making fortunes in Dubai.
American pilots are clamoring for jobs with Emirates, Cathay Pacific, Etihad, and Qatar Airways because their salaries have been cut by 1/3 at home.
American architectural firms are making the payroll thanks to work in China.
The workforce in free-trade zones is incredibly diverse.
Warren Buffet is investing in companies whose revenues are not denominated in dollars.
I’m not saying that it’s over for America, far from it. But we need to recognize the warning signs and fix what’s wrong before it’s too late.
It’s healthy to be a little paranoid. It keeps you from losing sight of the competition.
May 6, 2008 at 3:17 PM #19984234f3f3fParticipantThis is a good article, if a little overly upbeat. It attempts to appease the uneasiness that many American’s may feel towards current trends in globalization, by pointing out they are inherently benign, and that global shifts have an historical inevitability. However, to overlook potential friction, especially when world resources are under pressure, seems to me a little foolhardy. The article pulls no punches when it comes to America’s greatest weaknesses; parochial attitudes that shape foreign policy, and an easily bruised national ego. The Iraq war was a mistake, and many of the symbols of American success and dominance have been overshadowed by the new kids on the block. The author seems to be saying that these sentiments are misplaced in a truly global economy, and that by focusing on its inherent strengths (multi-cultural population and high tech industries), the US will cure itself of it’s current gloom.
May 6, 2008 at 3:17 PM #19988434f3f3fParticipantThis is a good article, if a little overly upbeat. It attempts to appease the uneasiness that many American’s may feel towards current trends in globalization, by pointing out they are inherently benign, and that global shifts have an historical inevitability. However, to overlook potential friction, especially when world resources are under pressure, seems to me a little foolhardy. The article pulls no punches when it comes to America’s greatest weaknesses; parochial attitudes that shape foreign policy, and an easily bruised national ego. The Iraq war was a mistake, and many of the symbols of American success and dominance have been overshadowed by the new kids on the block. The author seems to be saying that these sentiments are misplaced in a truly global economy, and that by focusing on its inherent strengths (multi-cultural population and high tech industries), the US will cure itself of it’s current gloom.
May 6, 2008 at 3:17 PM #19990834f3f3fParticipantThis is a good article, if a little overly upbeat. It attempts to appease the uneasiness that many American’s may feel towards current trends in globalization, by pointing out they are inherently benign, and that global shifts have an historical inevitability. However, to overlook potential friction, especially when world resources are under pressure, seems to me a little foolhardy. The article pulls no punches when it comes to America’s greatest weaknesses; parochial attitudes that shape foreign policy, and an easily bruised national ego. The Iraq war was a mistake, and many of the symbols of American success and dominance have been overshadowed by the new kids on the block. The author seems to be saying that these sentiments are misplaced in a truly global economy, and that by focusing on its inherent strengths (multi-cultural population and high tech industries), the US will cure itself of it’s current gloom.
May 6, 2008 at 3:17 PM #19993534f3f3fParticipantThis is a good article, if a little overly upbeat. It attempts to appease the uneasiness that many American’s may feel towards current trends in globalization, by pointing out they are inherently benign, and that global shifts have an historical inevitability. However, to overlook potential friction, especially when world resources are under pressure, seems to me a little foolhardy. The article pulls no punches when it comes to America’s greatest weaknesses; parochial attitudes that shape foreign policy, and an easily bruised national ego. The Iraq war was a mistake, and many of the symbols of American success and dominance have been overshadowed by the new kids on the block. The author seems to be saying that these sentiments are misplaced in a truly global economy, and that by focusing on its inherent strengths (multi-cultural population and high tech industries), the US will cure itself of it’s current gloom.
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