Saturday Open Thread: Trash Edition
by PubliusPresident Obama invited the Dali Lama to the White House. But, only if he used the back door.
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Posts Tagged ‘China’
Coffee and Markets: Obama’s Big New Bank Fee
by The New LedgerFor the past year, Francis Cianfrocca and Ben Domenech sat down every weekday morning to chat about politics, economics and the shifting global marketplace. For 2010, we’ll shift to recording once a week. We hope you don’t mind, and we’ll still jump in with an emergency episode or two if breaking news demands it. Thanks for listening, and welcome to today’s edition of Coffee and Markets, a weekly podcast from The New Ledger, brought to you by BigGovernment.com.
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You can subscribe to the podcast by following the links above, and if you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.
Related Links:
Cianfrocca: China is the World’s Most Keynesian State
Bloomberg: Obama to Announce Fee on Large Banks
TAPPER: On the fee for banks, without asking for any details,* how can you guarantee that this, that this fee, tax, levy, whatever it ends up being, is not passed on to consumers and they take another hit when it comes to Wall Street?
GIBBS: Yeah, well, look, obviously, Jake we’ll have a chance to go through the structure of this. The economic team has worked for quite some time on a structure that will ensure that what taxpayers gave to banks to ensure their safety and security, in a time of crisis, is paid back in full. And I can assure you that is one of the things the economic team has taken into account in the structure.
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Will Obama’s Economic Policies Bring the End of American Influence?
by The New LedgerWhat if a future President wants to go to war or ship more troops overseas to protect American interests, but can’t because China won’t let him? Could this actually happen? We’ll discuss the dangerous foreign policy ramifications of America’s current path on the latest edition of Coffee and Markets, a daily podcast from The New Ledger on politics, policy and the marketplace with Francis Cianfrocca, brought to you by BigGovernment.com.
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You can subscribe to the podcast by following the links above, and if you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.
Related Links:
Ferguson on the Economy and Foreign Policy
Yousefzadeh on the Decline of American Foreign Policy
Wehner on Obama’s Unmasking
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Black Friday and America’s New Economic Reality
by The New LedgerSo, how was Black Friday for you? For retailers, it was a time to go looking for small reasons for optimism, but the comparison to 2008 is essentially flat. How will the markets react, and what’s the deal with Dubai? We’ll discuss it all on the latest edition of Coffee and Markets, a daily podcast from The New Ledger on politics, policy and the marketplace with Francis Cianfrocca, brought to you by BigGovernment.com.
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Download Podcast | iTunes | Podcast Feed
You can subscribe to the podcast by following the links above, and if you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.
Related Links:
LATimes: Black Friday Recap
AP: Wall Street’s Big Week
Ferguson: Obama’s Indecision on Economy Hurting America
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America’s Big Debt Problem
by The New LedgerHow much do we really owe to China? Will America’s exploding debt hamper the US economy for decades to come? Is there any path out of this? We discuss all this and more on today’s Coffee and Markets, a daily podcast from The New Ledger on politics, policy and the marketplace with Francis Cianfrocca, brought to you by BigGovernment.com.
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Download Podcast | iTunes | Podcast Feed
You can subscribe to the podcast by following the links above, and if you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.
Related Links:
NYT: Mountains of Debt
SNL: Obama and Jintao
WSJ: The Source of Chinese Savings
TNL: The End of Chinamerica?
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A Balanced Budget Amendment…Before It’s Too Late!
by Timothy MooneyThis week, the US federal debt surpassed the $12 Trillion threshold.
Congress will vote in December to extend America’s indebtedness above $12,100,000,000,000, necessitated because our national debt grew last year by more than $1,400,000,000,000 and will grow this year by $1,400,000,000,000. According to the Obama White House estimates, the national debt will continue to grow by more than $1 trillion for the next nine years. Except it won’t…because it can’t. There just isn’t $9 Trillion to borrow.
For years we’ve heard about the immorality of putting this debt on our grandkids. Forget the grandkids, our economy is at grave risk of collapse right now!
The dollar is in free-fall. The Ponzi scheme Congress calls Social Security is about to collapse. Foreigners are beginning to balk at loaning the US government more money. That grave economic turmoil our debt and deficit will cause in the future? It’s here now.
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China Schools Obama on Free Market Capitalism
by Lurita DoanIt’s okay for the Chinese to lecture President Obama on free market capitalism because he clearly doesn’t understand even the most basic principles of capitalism and needs all the help he can get. What’s not okay is for the Chinese to lecture the American people. Here’s what I think:
Americans understand that prosperity, true prosperity, is created by an economic system where strong dynamic firms with better ideas, management and motivated employees are free to prosper and the weak are allowed to fail. This kind of Darwinian economic system has allowed our country to prosper for over 200 years.
Americans also understand that the federal government doesn’t really create jobs that lead to economic growth because Americans know that any job the government creates can only be paid for by increasing taxes or by borrowing money–probably from the Chinese. Nor is there any need to remind Americans that small businesses are the engine that move our economy, and that small businesses create 3 out of every 4 jobs in this country.
On the other hand, there is an urgent need to help President Obama learn the basic principles of a free enterprise system and how jobs are actually created in a market economy, for he is plunging headlong in the opposite direction.
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Coffee and Markets: Is Obama Making America More Like China?
by The New LedgerHu Jintao and Barack Obama sitting in a tree, K-I-S-S-I-N-G. Is America becoming more like China under President Obama? Or should we be upset that it isn’t? We’ll talk about the President’s jarring diplomatic trip to Asia and how the markets responded to Ben Bernanke’s New York speech on today’s Coffee and Markets, a daily podcast from The New Ledger on politics, policy and the marketplace with Francis Cianfrocca, brought to you by BigGovernment.com.
Download Podcast | iTunes | Podcast Feed
You can subscribe to the podcast by following the links above, and if you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.
Related Links:
WSJ: Common Ground With Obama and Jintao
AP: China and America, Working Together
WP: Obama, Hu vow to continue to strengthen partnership
Niall Ferguson: The Great Wallop
RCW: Asia and the West in the Age of Obama
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Politicians Fiddle While America’s Corporate Tax System Burns
by Dan MitchellKPMG has released its annual global survey of corporate tax systems. For the 10th-consecutive year, the average corporate tax rate fell, and it is now down to 25.5 percent (just 23.2 percent in the European Union!).
In the United States, unfortunately, the corporate tax rates remains stuck at about 40 percent. Only one developed nation, Japan, has a more punitive regime.
Something to keep in mind the next time a politician complains that jobs are going to China (corporate tax rate of 25 percent).
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Kerry and Graham on Global Warming: So Awfully Different
by Christopher C. HornerSens. John Kerry and Lindsey Graham had a piece Sunday in the New York Times, stumbling through a pro-cap-and-trade routine. Initial thoughts on this homage to the bipartisanship fetish:
The “we even have different accents” bit tips their hand that the argument is as substantive as those Gore-group ads with Al Sharpton and Pat Robertson on a couch together. Not a bad parallel actually, though I can’t help but recall this far more entertaining version of the labored intro.
When one feels compelled to give six reasons why we ought to embrace their idea, you know they aren’t persuaded themselves with the “global warming” argument, and see little persuasive opportunity in it.
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