No it is not. What kind of production does not occur in manufacturing? All you keep saying is the USA spends more. So what?
the usa manufactures more than anyone else As of 2012, the country remains the world's largest manufacturer, representing a fifth of the global manufacturing output http://en.wikipedia.org/wiki/United_States_Economy#cite_note-24
No buddy. The USA is not better per capita. They produce more because they do have more people. <- and this has absolutely nothing to do with the federal reserve People come and live here for freedom, not monetary policy.
Yes. And you don't need a federal reserve bank for that. There is no correlation between freedom and a federal reserve bank.
No, it is quite the reality that freedom to own a business, build something, get married, get rich, can all occur without a federal reserve bank.
You might as well give up on this moron, Brad, because he's another one of these Keynesians who thinks it's perfectly fine for the Federal Reserve crime syndicate to pull trillions of worthless dollars out of thin air to prop up a fraud-balloon "recovery" in an economy that is managed entirely by banking cartels. I've challenged him a dozen times to explain why he defends them but all I've ever gotten are opaque one-liners that say absolutely nothing. I doubt that you'll get any more from him than I have. Posts from people like that are, ultimately, as interesting as mouse-farts. They're second-rate shills, and rather inarticulate ones at that -- writing a lot like the old interactive software responses from programs created decades ago for the amusement of people who wanted to "talk" to a computer. Don't waste your valuable time.... As long as Ben Bernanke runs the Fed, there will be no change. He tells his handpuppet, Idiot Obama, everything to think and do where the economy is concerned. So, the junk bond-buying, the "rescues", the interest rate suppression, and the plunge into catastrophic levels of debt will continue. Where does it end? Predictably, in repudiation of the National Debt and insolvency, which results in mass chaos and insurrection, and finally, war. Nothing can prevent it now if all we have to stop them are the stupid, pathetic, disorganized protests from the RINO wing of the Republican Party. So: prepare now in whatever way you think best, while you still can!
President Obama gave a little to Republicans, but not much: 1. $250K threshold rose to $450K 2. no cuts to Big Defense 3. Payroll Tax Holiday expiration On #1, this isn't that big of a concession. It's far better to give some slack on the low end than the high end. ObamaCare already raises taxes a bit for those over $250K of taxable income and the fiscal cliff deal also limits deductions at that level. On #2, that's still on the table, but punted on 4th down for now. On #3, it's called a "holiday" for a reason. It was always meant to be a temporary stimulus - just a matter of how long the holiday would be. Republicans gave up: 1. The entirety of active income tax cuts on those making $450K or more of taxable income are gone. 2. Some income tax deductions now limited on > $250K 3. Passive income tax rates rose 5% (15% to 20%) for those making over $450K. With ObamaCare, rates above this threshold are now about 23%. Short of the Buffet rule, but the gap between effective tax rates of the working class and very wealthy has been cut significantly. 4. Estate taxes are reinstated, but at a higher exemption ($5 mil) 5. Soc. Sec. and Medicare are untouched. 6. Clean energy credits are revived. The reality is, most Americans agree with 1 through 6 here. The Republican party might have just saved themselves, although the elitists who hate working people aren't too happy.
Can't handle the truth? Why am I not surprised. Lemmings! George W. Bush has no regrets about his decision to initiate the $700-billion bailout of Wall Street. In a special hour-long interview Sunday evening with Candy Crowley on "State of the Union," the former president defended his reaction to the financial crisis in 2008:
You can also own a business, build something, get married, get rich, all can occur with the existence of a federal reserve bank. So, what's your point, if you have any?
Okay, so Obama made the same mistake that Bush made, is that reason to claim that the Democrats are the ones piling on the praise and kudos to the banks? Sounds to me that you are biased against Democrats and don't really have your facts straight, that's all. The disgust is bipartisan, with 87 percent of Republicans and Independents opposing future bank bailouts, along with 81 percent of Democrats. There's a bigger split between the parties on the subject of future auto-sector bailouts, with just 54 percent of Democrats opposed, compared with 84 percent of Republicans and 72 percent of independents. http://www.huffingtonpost.com/2012/04/10/bank-bailout-opinion-harris_n_1415647.html
