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November 9, 2008 at 9:13 AM in reply to: OT: China announces $586 billion economic stimulus plan #302212November 9, 2008 at 9:13 AM in reply to: OT: China announces $586 billion economic stimulus plan #302230
XBoxBoy
ParticipantSo I’m curious how they will fund their bailout. The USA seems to be funding theirs by a combination of printing money and selling lots of new treasuries. (Which presumably China and other foreigners will buy)
Will China just print money or will they issue debt, or maybe will they sell the existing treasuries that they have. If they just print money, won’t inflation be an issue for them? I was under the impression that inflation was more of an issue already for them than for USA. If they issue debt, who would buy it? The USA??? If they sell their current treasury holdings that would create havoc with the USA’s plans to bail itself out, and presumably would cause the dollar to fall, hurting what’s left of China’s export business. So, what’s it gonna be? How will they fund this half a trillion bailout?
November 9, 2008 at 9:13 AM in reply to: OT: China announces $586 billion economic stimulus plan #302286XBoxBoy
ParticipantSo I’m curious how they will fund their bailout. The USA seems to be funding theirs by a combination of printing money and selling lots of new treasuries. (Which presumably China and other foreigners will buy)
Will China just print money or will they issue debt, or maybe will they sell the existing treasuries that they have. If they just print money, won’t inflation be an issue for them? I was under the impression that inflation was more of an issue already for them than for USA. If they issue debt, who would buy it? The USA??? If they sell their current treasury holdings that would create havoc with the USA’s plans to bail itself out, and presumably would cause the dollar to fall, hurting what’s left of China’s export business. So, what’s it gonna be? How will they fund this half a trillion bailout?
XBoxBoy
ParticipantThis guy needs to get himself a SawStop….
XBoxBoy
ParticipantThis guy needs to get himself a SawStop….
XBoxBoy
ParticipantThis guy needs to get himself a SawStop….
XBoxBoy
ParticipantThis guy needs to get himself a SawStop….
XBoxBoy
ParticipantThis guy needs to get himself a SawStop….
XBoxBoy
ParticipantInteresting that this thread got so political and off on topics like who is smarter, or better informed. Maybe everyone needs to back up a bit.
I grew up just outside of DC, and when to school with lots of kids whose parents were congressmen or senators. From what I always understood, most of rural America voted republican, because the republic congressman and senators tended to be more successful at delivering farm subsidies. (Not to say that some democrats haven’t done their share to deliver farm subsidies too) Maybe that’s changed, but I’m still pretty sure that most farmers are more concerned about farm subsidies and price supports than social issues or politics.
Course, I could just be plain wrong, but that’s always the way I heard it.
XBoxBoy
XBoxBoy
ParticipantInteresting that this thread got so political and off on topics like who is smarter, or better informed. Maybe everyone needs to back up a bit.
I grew up just outside of DC, and when to school with lots of kids whose parents were congressmen or senators. From what I always understood, most of rural America voted republican, because the republic congressman and senators tended to be more successful at delivering farm subsidies. (Not to say that some democrats haven’t done their share to deliver farm subsidies too) Maybe that’s changed, but I’m still pretty sure that most farmers are more concerned about farm subsidies and price supports than social issues or politics.
Course, I could just be plain wrong, but that’s always the way I heard it.
XBoxBoy
XBoxBoy
ParticipantInteresting that this thread got so political and off on topics like who is smarter, or better informed. Maybe everyone needs to back up a bit.
I grew up just outside of DC, and when to school with lots of kids whose parents were congressmen or senators. From what I always understood, most of rural America voted republican, because the republic congressman and senators tended to be more successful at delivering farm subsidies. (Not to say that some democrats haven’t done their share to deliver farm subsidies too) Maybe that’s changed, but I’m still pretty sure that most farmers are more concerned about farm subsidies and price supports than social issues or politics.
Course, I could just be plain wrong, but that’s always the way I heard it.
XBoxBoy
XBoxBoy
ParticipantInteresting that this thread got so political and off on topics like who is smarter, or better informed. Maybe everyone needs to back up a bit.
I grew up just outside of DC, and when to school with lots of kids whose parents were congressmen or senators. From what I always understood, most of rural America voted republican, because the republic congressman and senators tended to be more successful at delivering farm subsidies. (Not to say that some democrats haven’t done their share to deliver farm subsidies too) Maybe that’s changed, but I’m still pretty sure that most farmers are more concerned about farm subsidies and price supports than social issues or politics.
Course, I could just be plain wrong, but that’s always the way I heard it.
XBoxBoy
XBoxBoy
ParticipantInteresting that this thread got so political and off on topics like who is smarter, or better informed. Maybe everyone needs to back up a bit.
I grew up just outside of DC, and when to school with lots of kids whose parents were congressmen or senators. From what I always understood, most of rural America voted republican, because the republic congressman and senators tended to be more successful at delivering farm subsidies. (Not to say that some democrats haven’t done their share to deliver farm subsidies too) Maybe that’s changed, but I’m still pretty sure that most farmers are more concerned about farm subsidies and price supports than social issues or politics.
Course, I could just be plain wrong, but that’s always the way I heard it.
XBoxBoy
XBoxBoy
Participant[quote=patientlywaiting]We value responsibility and sacrifice, and people are praised for being financially responsible.[/quote]
Clearly you’re still living in the 1950’s. Well, let me be the first to welcome you to the new millennium, and let me bring you up to date. It turns out that in recent years, this has flip flopped, and now we value excessive spending and irresponsibility. Not only in the individual but in the government too. The more you spend, the more benefits society will heap upon you. The more you save, and the more responsible you are, the more of a chump you are, and deserve to have what you have saved taken from you. Once again, welcome to 2008.
XBoxBoy
XBoxBoy
Participant[quote=patientlywaiting]We value responsibility and sacrifice, and people are praised for being financially responsible.[/quote]
Clearly you’re still living in the 1950’s. Well, let me be the first to welcome you to the new millennium, and let me bring you up to date. It turns out that in recent years, this has flip flopped, and now we value excessive spending and irresponsibility. Not only in the individual but in the government too. The more you spend, the more benefits society will heap upon you. The more you save, and the more responsible you are, the more of a chump you are, and deserve to have what you have saved taken from you. Once again, welcome to 2008.
XBoxBoy
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