fractional bank system. odd way to think about it is the more debt we have the more money is in cycle. it is a dangerous system that seems to deman constant expansion but as bladenose said. i am not struggling to eat nor is anyone i know at this time. actually there are a lot of jobs starting to pop up in all the different markets so i would say that it seems we are on the road to recovery

hopefully we will now see stuff collapsing, I sold most of mah stockz in october and therefore missed most of teh insane rally that is going on , i z gotz taz getz mez som cheapz stockz!!!

idd.

@tsd:
Never the less these are facts, and I do hold Obama partially responsible for it yes. He couldn't have prevented this crisis or high oil prices. But he could have done a lot more (or less) to handle the situation. Republicans are rightfully asking him to save more.

The rich are the held in a bracket which taxes them 35% already. Everyone recieved tax cuts between 2002 and 2003, not only the rich. Most people under 20k don't pay taxes (representation without taxation), and actually receive money. Actually, last I checked USA has the highest corporate tax in the world (35+%). You realize these corporations are the ones funding nearly everything in America, it certainly isn't you paying billions in taxes. There is no reason they should be based in America, once upon a time it was because of our educated population and policies on property rights (but thats changing). Shoot, if I had a multibillion dollar business, I'd move to Cyprus with their 10% corporate tax rate.

that is all irrelevant, since in other parts of the world taxes are much much higher, and rich people always, ALWAYS pay FAR less than they theoretically should because they can afford tax planning. Many western companies do not pay any tax in their home countries for example.

> bladenosh wrote:

> The rich are the held in a bracket which taxes them 35% already. Everyone recieved tax cuts between 2002 and 2003, not only the rich. Most people under 20k don't pay taxes (representation without taxation), and actually receive money. Actually, last I checked USA has the highest corporate tax in the world (35+%). You realize these corporations are the ones funding nearly everything in America, it certainly isn't you paying billions in taxes. There is no reason they should be based in America, once upon a time it was because of our educated population and policies on property rights (but thats changing). Shoot, if I had a multibillion dollar business, I'd move to Cyprus with their 10% corporate tax rate.

it is not?
its a republic without being a country?

only the northern part.. the bigger southern part is not

because its the american dream. have a 14 billion dollar credit card and we have it! cha ching!

Do you think China would fund a Bail Out if we declared bankruptcy?

PRC: Why won't you pay up? We got papers here say you owe us billions of dollars.
USA: Very nice papers too; you can arrange them in a frame for some modernist posters.
PRC: I don't know how a modern country can just tell the whole world to go pound sand, the contracts are worthless! What if the People's Republic of China were to...uh...damn!
USA: Ah, the bitter irony.

@RD:
papers are only agreements, nothing more nothing less. Someone needs to back m up.

@primo:
no they won't. As long as it doesn't happen to them.

besides, china's never gonna push it. They will literally starve to death. What will they eat without US import? children? Russians?