If the “super committee”, the bipartisan congressional committee formed to address the U.S. deficit, fails to agree on a plan by November 23, $1.2 trillion in automatic spending cuts, mostly in discretionary spending will be triggered, beginning in 2013, which would negatively impact the already fragile U.S. economy, says Merrill. The bank also cut its 2012 and 2013 U.S. GDP forecast to 1.8% to 1.4% respectively.
Post Tagged with: "China"
October 21, 2011 07:56
Where in the World are Obama’s Bundlers?
Eleven bundlers from three foreign countries and two U.S. territories (the Virgin Islands and Puerto Rico) have bundled at least $1.55 million. This includes at least $100,000 each from U.S. citizens living China and Switzerland, and at least $750,000 from three residents of Puerto Rico.
October 20, 2011 09:50
Will the Senate Quietly Kill the U.S. Commission on International Religious Freedom?
H.R. 2867 was poised to pass under a unanimous consent agreement when a single senator anonymously called it back for undisclosed reasons. If that secret hold is not lifted by November 18, the Senate will not be able to act and USCIRF will go out of existence. – Hudson Institute
September 19, 2011 07:51
Solyndra Solar Failed By Poor Cost Structure, Not China
The DOE and Solyndra also conveniently neglected to mention Solyndra’s demise has everything to do with its unsustainable cost structure using an ‘innovative technology’ to produce solar panels. (Hint: innovative = costly)
September 14, 2011 06:03
China Premier Wen Jiabao Dampens Speculation on China Saving Europe with Statement “Debt-Laden Economies Must First Put Their Own Houses in Order”
China is willing to help, but only after Europe solves the crisis and no longer needs help.
August 24, 2011 04:09
Obama “jobs” chief Immelt to send jobs to China
“I don’t think these people are as good as they think they are. I don’t think they think this is a problem. I don’t think they see Jeffrey Immelt as anything other than a conduit for them to the fortune 100 fortune 500 community of CEOs whom they can muscle for campaign contributions and backdrops for economic venues for the president to appear at.” – Karl Rove as Bill O’Reilly rails about Obama’s “jobs committee” chairman’s propensity for moving jobs to China.
August 19, 2011 05:34
World economy flailing – China renews call for new world reserve currency
Four years after the financial crisis began and the world has certainly not returned to normal. No major developed economy has yet fully regained the output lost during the recession and global share prices remain almost a third lower than their peak prior to the crisis. – BBC
July 29, 2011 05:14
Red Chinese and Pelosi agree on debt policy
After increasing the debt by over 60% in six years Pelosi agrees with the Communist Chinese that to stop more borrowed spending is “dangerous” and ” irresponsible.” “Republicans have taken us to the brink of economic chaos,” House Democratic Leader Nancy Pelosi said. China’s state-run news agency Xinhua criticized U.S. lawmakers for flirting with a disastrous default, saying the world’s largest economy has been “kidnapped” by “dangerously irresponsible” politics.
July 27, 2011 07:05
China’s Warning: Trouble Ahead
The only way to fight fascism is with freedom. Freedom means returning the USA to a capitalist country, i.e., lowering all the taxes, massively and permanently reducing government spending, phasing out existing entitlement programs that are going to go bankrupt anyway — all the while preserving our freedom of speech and freedom of association, things routinely denied in China.
June 22, 2011 07:43
Nevada politics back in the spotlight with conquering Chinese debt ad
GOP candidate Mark Amodei hits the debt crisis point blank with his new ad depicting our national debt crisis as a Communist Chinese victory over America. “When President Obama was sworn into office the debt was $10.6 Trillion. This month it’s $14.3 Trillion. The American debt crisis threatens our future. Join with me in telling Washington that the madness ends now and the Obama debt limit must not be increased.” – Mark Amodei
