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Subject: Obama fails at G-20.
Nasty German Idiot     11/11/2010 1:16:07 PM
Total failure of Obama, failed to get China and Germany to agree to a 4% trade surplus rule. Failed to sign a trade deal with South Korea. I dont know he really seems to screw up.
 
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YelliChink       11/11/2010 3:45:03 PM

I dont know he really seems to screw up.

That has been known here in the twilight zone for two years.
 
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Nanheyangrouchuan       11/13/2010 10:23:59 AM
Is anyone surprised that the world's leading exporters would not agree to this?  Doesn't matter who the president is, the G20 wants things to go back to the way they were, with the US being the consumer (and borrower) of last resort.
 
QE2 will drive down our currency and there is nothing that can be doen to stop it, so ease baby ease!
 
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PPR    More BO Incompetence   11/13/2010 11:49:30 AM
This whole foreign policy debacle should never have happed.  The SOP for US presidents is that you never go on a foreign trip to negotiate because if you can't make a deal you lose face (as BO just demonstrated).  A president is only supposed to go to finalize a done deal and do a victory lap.
 
 
 
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YelliChink       11/13/2010 4:19:34 PM

QE2 will drive down our currency and there is nothing that can be doen to stop it, so ease baby ease!

The problem is that the US should have had rebuilt light industry before pulling the trigger of QE2. Pulling the QE2 without re-establish industrial capacity will eventually lead to decoupling, which will, unfortunately, lead to uncontrolled inflation if you are lucky. Decoupling will make shortage on commodity, such as crude oil, some essential industrial materials and imported products, which could easily lead to hyperinflation.
 
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YelliChink    Obama ****** at APEC   11/13/2010 4:30:08 PM
 

Addressing business executives in Yokohama, President Obama said the economic crisis had shown the limits of depending on US consumers and Asian exporters to drive growth.

"Going forward, no nation should assume that their path to prosperity is simply paved with exports to America," he said.

He added that healthy competition need not cause rifts between nations.

"There's no need to view trade, commerce or economic growth as zero-sum games, where one country always has to prosper at the expense of another."

Taking the podium after Mr Obama, Mr Hu reaffirmed Beijing's commitment to gradual currency reform and balanced trade.

"China will continue making encouraging a balanced international balance of payments an important task in ensuring macro-economic stability," he said.
 
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YelliChink    Even more disturbing signal in Seoul by commies    11/13/2010 4:57:04 PM
http://www.youtube.com/v/bGgDQNmz8Hk?fs=1&hl=en_US" allowfullscreen="true" allowscriptaccess="always">
 
Anyone who know something about Chinese media knows that their reporters only ask questions under instruction.
 
Obama is very clear that he only answers question from Korean reporter, but Mr. Rui hijacked the opportunity deliberately to humiliate POTUS. And listen to what Mr. Rui spoke. He thinks he can represent the whole East Asia?
 
Even more disturbing is that Obama wasn't ready for the commie poking. All indication shows that commies are taking more aggressive stance on global issues. Of course, MFM don't want you to see this.
 
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nyetneinnon       11/13/2010 9:11:33 PM
Let's wait 2-3 months before we make judgement on G20 failures/successes.  On QE2: it's not a lump expenditure, folks.  It can be voted non-spent later if decisions change.  It's an incrementally allocated deployment of money, not automatic.  Wait a Quarter before we start slamming.
 
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YelliChink       11/14/2010 2:26:55 AM

Let's wait 2-3 months before we make judgement on G20 failures/successes.  On QE2: it's not a lump expenditure, folks.  It can be voted non-spent later if decisions change.  It's an incrementally allocated deployment of money, not automatic.  Wait a Quarter before we start slamming.

QE2 is the Fed's action to monetize US T-bonds. It means that the Fed is buying T-bonds by giving out electronic credit to bond holders aka big banks. Remember that T-bonds are issued by DOT and should have been supposedly bought back with tax revenue. I don't even know whether DOT pay interests to the Fed or not. In theory, the banks can use these money to back up their promise to create credit for business. In reality, the credits will be used in bond, CDO, security, commodity and any other derivative markets. To those people, i.e. the money junkies, economy is not about supply, demand, production and consumption. It is, in their narrow minded brains, mere number game in the Wall Street. QE2 is not another stimulus package. It is insanity.
 
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