DISQUS

ydthin · 1 year ago

more americans have german ancestry than any other group. I don't think this is about ethnicity, it's about authoritarianism and mental instability.

fostert · 1 year ago

Steinbrueck is right. Economically, the EU is bigger than the US. China isn't too far behind. The idea that the US should be the only economic superpower is no longer viable. We will suffer the fate of every empire: we will go too far into debt. If nobody will finance us, who will pay our bills? So far, everyone will finance us, but how long will that last when we're always going further into debt? At some point, every empire collapses when nobody is willing to give them money. When is that for us? Hopefully not now.

Gary SF · 1 year ago

Wishful thinking by Germany. For those who want to 'make' money instead of 'earning' money, there are few options. Investing in Europe is problematic because of the 100's of uncertainties that exist. Investing in Asia has other problems - including both human rights issues and pollution. I predict that the US and the dollar will once again become a safe havens for investors. But it will take time and the right leadership.

JohnInTexas · 1 year ago

Guess bin Laden's plan is working after all...

WDemDem · 1 year ago

John, you couldn't be more right. This is exactly what was intended - total chaos. There have been no more attacks since 9-11? Think again.

tlsintx · 1 year ago

i think the GOPers currently in power - the Cheney-Bush cabal and their neocon sidekicks- really believe America could and should run, rule and own the rest of the world. Won't it be ironic if they're the ones to have brought the greatest nation on earth crashing down.

tlsintx · 1 year ago

this is a very helpful article on the ins and outs of the financial crisis...by a dKos diarist:

http://www.dailykos.com/storyonly/2008/9/24/102...

i hope Obama reads it.

SCLiberal · 1 year ago

"We know Republicans prefer to burn books rather than read them, but had they read history..." Great!
Personally I'm glad to see the U.S. lose status. May we regain our status as world leader when we regain our moral compass: compassion for others; acceptance of those who are different; a belief in peace over conflict; investment in safe, clean, and plentiful energy for all... to name just a few.

tlsintx · 1 year ago

well said. even if our economy pulls through, we are not the great nation we once were.

Indigo · 1 year ago

"Wall Street will never be what it was," Steinbrueck added.
I'd like to see the video of that talk. Somehow, I visualize Herr Steinbrueck's right arm twitching a la Dr. Strangelove. Vershtehen Sie, denn?

Charel · 1 year ago

Very wise of Mc Cain to suspend his campaign. Every time he opens his mouth, he puts his foot in it.

ShirleyGoodnessanMercy · 1 year ago

In 2001 Bush and the Republicans had the opportunity to build worldwide cooperation, respect, and a better world. They squandered every. Last. Bit. Of. It. And fucked us up more than anyone could ever have imagined.

There are still great people here, but our national image is ruined for the foreseeable future because of Republicans.

paul94611 · 1 year ago

A careful examination of executive compensation in Germany will reveal that their executives receive much less than their American counterparts in total compensation. A look at their overall performance will reveal that many German companies out perform the American counterparts year in and year out.
So much for so called pay for performance standards in the US.

gabby1000 · 1 year ago

All of this deregulation began with Reagan. Remember when Norquist wanted to shrink the Fed. Gov't until it could be "drowned in a bathtub"? Well, it started with the airlines, went to the banks/financial institutions...insurance companies..lending institutions...healthcare...Corporations care about profit not people...THAT is the job of the Gov't..to oversee the corporations. In the future, the world financial center will be Dubai or Beijing. And if they start basing the price of a barrell of oil on the Euro instead of the dollar, we're really screwed. We've allowed ourselves to be thrust into irrelevance. Thanks alot...

Chipmaker · 1 year ago

Let's remember to tie this around Reagan's wattley neck as wel.

Failure failure failure!!!

SouthernYankee · 1 year ago

How funny that the american people, well let's say the american republicans always act like country first when instead they put the republican party brand first before country. Because of their president ran this country down and especially our soldiers were are slowly losing our status around the world. Democratics and moderate republicans and indenpents see that but not those far right wing bats. How sad for america.

The Tim Channel · 1 year ago

Jeebus, I never thought I'd live to see the day when investing in foreign businesses would be the SAFE bet as well as the most profitable!! It occurs to me that in a truly competitive global economy (where American workers are forced to compete with people making $1/day) that their BOSSES (management) are now facing the same prospects!! Think about it and it will make you feel a WHOLE LOT better!!

A country whose business investment laws and culture shuns EXCESSIVE individual GREED will, by default have more capital to spare. This will give them a competitive edge in hard times as well as fund rapid expansion in good times. At WORSE, the excess profits not bled off to the greedy CEO's would be spread among the shareholders.

Whether you believe that greed is good or not, there is simply no way for the few to benefit SO EXCESSIVELY while at the same time lifting the masses along with them. Trickle down done left the house. Been there, done that and it wasn't the plethora promised was it? Now that nearly every Republican position has been shown to be a disaster, and while WE HAVE THEIR ATTENTION (ONLY because they want what's left of our treasury) let's use the opportunity to impose a little old fashioned common sense progressive virtue on their asses.

Cap executive salaries. Cap usurious interest on home loans. Outlaw payday loans. Outlaw rent-to-own furniture stores. I can help point out many of the predatory practices because I live smack dab in the middle of some of the worst abuses you can imagine. I don't remember whether I was more shocked by the sight of people buying pickled pigs feet out of jars at the 7-11 or the fact that there are quite a few convenience stores that sell cigarettes INDIVIDUALLY (against the law but low on enforcement list). For the record, I have nothing against the sale of individual cigarettes but point it out as proof of how stressed an environment that I inhabit. My situation is not as dire as many of my neighbors but I have a front row seat to the disaster that these fools brought upon us. Deregulation is and always has been Thugtalk for theft without oversight since at least 1980 when the return of the 'morals' party decided the only "sins" worth mentioning were homosexuality and abortion.

I would suggest that Obama counter the repugnant Palin Pentecostalism with a healthy dose of 'eye of the needle'. Many normal Christians are being hoodwinked (self selected group easily led to believe....) into believing that the Republicans are the good, Christian people and the Dems are the DFH's. Obama could/should be pulling scripture on USURY and BITCHSLAPPING the hell out of them RIGHT NOW!!! I'm an atheist who came to that belief honestly (forced into studying the religious mumbo jumbo from an early age). My faith on the Bible is that it is the collected social and moral codes that early humans deemed casually observable as a result of our emergent civilization back then. You don't need God to tell you it's gonna be socially disruptive to the group if everybody is raping and stealing from everybody! And the Jews figured out a long time ago that you don't need so-called financial gurus to calculate the inevitable result of allowing unchecked USURY into the tribe.

*record video comment???? WTF??? Are you REALLY ready for that.....

Enjoy.

coronada_xv · 1 year ago

George Herbert Walker IV, a second cousin of the President, is a managing director at Lehman Brothers. Jeb Bush is an “advisor” in Lehman’s private equity group. William T. Bush, the President’s uncle, was on the board at Engineered Support Systems, a defense contractor which made hundreds of millions of dollars from the Iraq, Afghanastan wars. The Carlyle Group with which the Bush family was connected, did defense contracting. Shouldn’t the MSM report extensively on this?

Evan · 11 months ago

The United States Will always be a Super Power! They say were in a recession right now but Its not hurting me none! I think other countries are worse than we are! Quit hating the United States! All you people are jealous!!!

Stephen · 5 months ago

The USSR will always be a superpower...oops!