On 12/5/05, Paul Vernon wrote:

> No, I believe the passage I was referring to said "Franklin D. Roosevelt,
> who won World War II."

I guess that's what he meant but I took it as Truman was the one. Made
more sense that way.

> The wording of the article is designed to paint the US administrations over
> the years in the best light possible. By associating the current
> administration with previous ones, the article is attempting to put its
> message in a better light. This technique is one of the primary tools for
> propoganda writing and you can see this over and over again throughout
> historical documents.

Of course it's a biased piece in response to the bias in the mains
stream media. It makes no attempt to hide that fact. Again that's why
I titled it "fun weekend reading" to taunt the Bush bashers on this
list.

> For the article not to have any mention of the allied forces is simply
> arrogant. FDR did not win WW2. The allies won WW2. America was one of those
> allies and her contribution was of immeasurable importance.

You really need to get past this already. :)

> My crystal ball is based on historical observations. The same patterns are
> emerging today as have emerged before every major economic crash in recent
> history. What is different about this time that means it will be
> sustainable? Please, do tell?

You're saying because we're in debt so bankruptcy is inevitable. I'm
saying the future can go many different ways depending on lots of
variables. Katrina and Wilma were supposed to destroy our economy but
they didn't.

Greenspan just said Friday:
<clip>
Greenspan repeated his belief that the country's record trade deficits
can be addressed through market forces without any harm to the
economy.

But he said this benign outcome would be jeopardized if the United
States and other nations did not get their budget deficits under
control and if they made the mistake of making their economies less
flexible by erecting trade barriers.
</clip>

Now keep in mind Bush is trying to reduce trade barriers.

> At some point or another, the money funding this process will run out. If
> China recalled all the loans she has issued to America, then her economy and
> several others throughout the world would be in serious peril. It's like two
> people holding loaded weapons at each others head saying "If you don't pull
> the trigger, I wont!". Do you not agree that this is a dangerous situation
> to be in?

Why would China demand all the notes back just to crush us? That won't
work because we'll stop trading with them and we're their biggest
income. We could probably repair our economy faster due to new
manufacturing to fill the gap.


> Our current need to outsource work to increase the margins in every sector,
> be it Steel, I.T., energy or any other is a dangerous path to take and
> unless you can guarantee a relationship will continue to be stable between
> nations then you are playing life or death with your economy. The UK is
> doing the same to a lesser degree. I'd say we are a couple of years behind
> the US in terms of the levels of outsourcing of industry to other nations.
> I.T. has been the first industry to feel the pain of outsourcing this
> decade, our coal, gas and oil production is waning and has been for the past
> 2 decades. The UK government is looking at the possible introduction of
> nuclear power again in an effort to be independent in terms of power
> generation. We are not in an energy crisis yet but we could see one.

UK still has plenty of coal it's just cheaper to buy from China. That
was Thatcher's doing. Hurt a lot of people at the time but made the UK
much stronger in the long run by breaking the unions and making the
workforce competitive.

> All of these worldy circumstances do not bode well for the "soaring" US
> economy continuing as it is today.

> > Could be. I don't hang with the lords often, too stuffy.
>
> Maybe you should. You may learn something. If only you could get past the
> "stuffiness"...

True

> I wouldn't need to if you read my posts properly.

Actually you responded to my post to Gruss.

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