I have to take exception to the first and last adverbs you use to describe Romney. According to all I have seen and heard, Romney's position is for reducing the size of government, and the "war-mongering" claim is unsubstantiated. As for his "governance", what kind of drugs are you taking? Also, the "lying, pandering" and "flip-flopping", are job requirements for politicians. How do you think Obama got elected... by being honest and forthright? :lol: Pax...
I don't really care what his position is; look at his record. Also, you realize you just said his position was such-and-such and then said he had to be a liar?
By war-mongering, I am referring to his tough stance on Iran.
Regarding his governance, do you think the government coerces people to pay taxes in any other way than the threat of guns pointed in their faces? Nevermind that if you stand firm and actually defend yourself against their depredations, they will kill you in your living room.
Regarding reducing the size of government, bullhockey. I'll believe it when I see it. His whole game at Bain Capital was taking advantage of crony capitalism (alliance between government and business). He fully understands the relationship between government and big business already. He's not going to change that. No with his record, in and out of government.
Oh, and I forgot to mention his ads saying China was cheating (currency manipulation). Boy, talk about the pot calling the kettle black.* He is not currently a currency manipulator, but he is certainly a part of that system and has made no such accusation against the US despite it being very well deserved. Nor has he said he will end the currency manipulation by the United States (fedgov and Fed).*
*In Third-World countries, the people worry about the government devaluing the currency. As in, on some Tuesday the government declares that ten pesos is now one peso. HA! Rookies! Why, our fedgov and Federal Reserve have this game figured out! Our boys manipulate the currency almost weekly, always in the direction of devaluation. I always say don't settle for second best when it comes to economic tyrants. Oh, no! If you are going to be oppressed, settle only for the very best: our fedgov and Federal Reserve. You see, they know they don't have to
declare a devaluation. All they have to do is run up deficits (spending based on borrowing), and the Federal Reserve just manufactures more and more money out of thin air to cover it. This inflation of the money supply is the direct cause of price inflation (more money chasing the same amount of goods), which is just another word for reduction in value of the currency.
This is why China about had a stroke back when Bernanke announced QEII last year. The Chinese hold an awful lot of US sovereign debt (government debt). They knew that Bernanke's printing of $700BN out of thin air (QEII) would devalue the dollar. Meaning, the debt they held would be paid off with dollars worth less than the dollars loaned.
Anytime and
every time a US official or candidate accuses some other country of unfair monetary practices, remember that the US fedgov and Federal Reserve have been playing currency games for 99 years, and even more so in the last decade. Then, after you remember that, start to wonder why that official or candidate is pointing fingers at somebody else. Are they trying to deflect attention? Are they trying to make you hate somebody you don't even know? What policy, to be revealed after a few weeks, are they whipping up public support for?
Don't underestimate the significance of our debt problem with China. In Sept or so, I think it was Reuters who reported that a couple Chinese generals were recommending economic war over Taiwan. The Chinese can wreck our economy in just a few weeks by dumping their US Treasury bonds on the world's bond markets. How does that work? Just like this. Our government has to spend, and spend, and spend. In order to do it without taxing us into poverty it has to borrow, borrow, borrow. Well, if the world bond markets are flooded with US Treasury bonds, then the US government has that much more trouble selling its next issue of bonds (borrowning). Also, as the supply of bonds goes up on the market, the value of the bonds goes down. Here is how that works. Lets say a $100 bond usually sells for $93, (the other $7 being the 7% interest on the bond.) But, as bonds flood the market, the value of bonds maybe goes down to $85. Here is the other whammy. If the bonds go down in price, it means the Treasury has to sell even more of them to get the money it wants (but still has to pay the face value at maturity to redeemers.) So, it gets harder to sell bonds, and you have to sell more of them to raise the same amount of money. And, it has to pay off that higher interest at maturity to redeemers.
I am scared to death of an economic war of this nature with China. No, no, no, no. Anybody who would blunder us into such a war, or deliberately provoke one, is insane with a capital
i. Thus, when I saw the anti-China commentary in Romney's ads, I sat bolt upright, my hair standing on end. WTF! is he talking about!?! He
had better be lying.
