Pretty much expected from Putin, although not completely unfair. We'll be paying for it sooner or later though, and probably sooner.
For: legalizing drugs, gay marriage, abortion, guns, universal health care, public sector jobs, nuclear power, free education, progressive taxation
Against: corporations, make-work, the 40 hour work week, intellectual property, imperialism, "homeland security," censorship
Parasite! How much do we owe? Do we suck that money from other Nations? Reserve currency status? Do you think Putin realizes that the Federal Reserve Corp is a private corporation? Russia has big financial reserves after some tough sledding in the 1990's. Does that indicate better management than the USA? Did keeping the big Energy players Exxon/Mobil and David Rockefeller out of the Russian oil ownership loop help the Russian economy?
I agree with Putin... we arn't only parasites in the global economy but also on our own.
Prime Minister Putin views the world in almost neo-mercantilistic terms. Hence, he sees chronic negative imbalances as generally unhealthy. Moreover, given the size of the U.S. imbalances, he recognizes that they have global implications. He is not completely off the mark, even if he engages in hyperbole that detracts from a more realistic point. The large capital inflows that are required to finance the United States' enormous and persistent current account and fiscal deficits entail opportunity costs. In part, PM Putin's outlook was influenced by the difficult post-Soviet transition that took place in Russia. More than likely, he believes the U.S. is avoiding taking the painful measures to restructure its economy and government finances, something over which Russia had no choice when it plunged into its crisis.
Last edited by donsutherland1; 08-02-11 at 07:49 AM.
It's difficult to think in the same terms than Vladimir Putin if you have been in the US all your life, but he's absolutely right. The world doesn't need the US.
Freedom is not free.
And Russia had a choice when it defaulted, and chose to screw over its creditors despite knowing of the massive amounts of wealth it was sitting over.
I have one word for Putin:
And I don't mean angry.
I think we are more of a saprophyte, really.
"you're better off on Stormfront discussing how evil brown men are taking innocent white flowers." Infinite Chaos