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Thread: US can 'no longer drive global growth'

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    US can 'no longer drive global growth'

    US Treasury Secretary Timothy Geithner has told the BBC that the world "cannot depend as much on the US as it did in the past".

    In an exclusive interview, Mr Geithner said that other major economies would have to grow more for the global economy to prosper.

    He also played down any differences in policy between the US and Europe regarding deficit reduction.

    Mr Geithner was speaking ahead of a G20 meeting this weekend.

    He said all members of the group were "focused on the challenge of [building] growth and confidence", and would be working to this end at the meeting in Toronto.
    BBC News - US can 'no longer drive global growth'

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    Re: US can 'no longer drive global growth'

    In other news, water is wet.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: US can 'no longer drive global growth'

    Quote Originally Posted by Deuce View Post
    In other news, water is wet.
    And Duece agains adds nothing to a thread.

    Why did America Elect such people taht have no faith in the Country? The shame of this Administration will take a generation to expunge.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: US can 'no longer drive global growth'

    Quote Originally Posted by MrVicchio View Post
    And Duece agains adds nothing to a thread.

    Why did America Elect such people taht have no faith in the Country? The shame of this Administration will take a generation to expunge.
    I think we can expunge in less time than that, I for one, do not want to hand this country to my kids in the current liberal give me give me condition.

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    Re: US can 'no longer drive global growth'

    If his majesty, Obama and his administration were smart instead of the fiscal idiots they have turned out to be, we could still head this off, by freezing new Federal spending, cutting the Government's give-away programs and balancing the budget now.....but it ain't gonna happen
    Last edited by ric27; 06-24-10 at 08:31 PM.

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    Re: US can 'no longer drive global growth'

    Quote Originally Posted by ric27 View Post
    If his majesty, Obama and his administration were smart instead of the fiscal idiots they have turned out to be, we could still head this off, by freezing new Federal spending, cutting the Government's give-away programs and balancing the budget now.....but it ain't gonna happen
    So how much of the military would you like to see be cut?
    Happy Hanukkah Cheerfull Kwanzaa
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    Re: US can 'no longer drive global growth'

    Martin Sorrell disagrees.

    Quote Originally Posted by Martin Sorrell
    The new capitalism will have an Asian-Pacific, Latin American flavour – more orderly, more pragmatic and more flexible. Where General Motors cannot go, India’s cut-price Nano and China’s Geely will. Despite the rise of other regional economies, US innovation and ability to raise capital will be undiminished.

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    Re: US can 'no longer drive global growth'

    Quote Originally Posted by Lord Tammerlain View Post
    So how much of the military would you like to see be cut?
    Another misguided poster that doesn't realize that Social Spending is like 3-1 over Military Spending. But hey, don't let that interfere with your silly "military cost cutting" non-sense.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: US can 'no longer drive global growth'

    Quote Originally Posted by Lord Tammerlain View Post
    So how much of the military would you like to see be cut?
    No greater than 25%, preferably 10% or less.

    Greater cuts in other areas, of course.
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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    Re: US can 'no longer drive global growth'

    Quote Originally Posted by Lord Tammerlain View Post
    So how much of the military would you like to see be cut?
    There's a difference between the military and the gross Defense Industry.

    Billions can be saved by stream lining the Defense Industry. Putting the brakes on the F/A-22 was a start. But the ironic rub towards Washington and the elected "wisemen" who run it to the ground is that their periodic attempts to save tax payer dollars by cutting the number of troops since the end of the Cold War has merely produced scenarios where they are spending more on civilian contractors to do what others in uniform did for less.

    Cutting the military equals Blackwater. But maybe the Washington mouth pieces were right in 1989....."Our wars are over."

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