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Author Topic: Economy Gets Even Stronger Under Obama  (Read 5153 times)

Offline Conley

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Re: Economy Gets Even Stronger Under Obama
« Reply #10 on: November 06, 2011, 06:36:15 PM »
:D Grump does make a good point about 'owned'.

I guess the Chinese can say that to us?  :-\
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. -Eisenhower

Offline Mister D

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Re: Economy Gets Even Stronger Under Obama
« Reply #11 on: November 06, 2011, 06:37:14 PM »
:D Grump does make a good point about 'owned'.

I guess the Chinese can say that to us?  :-\

I was just reading something about this the other day. The % of US debt owned by the Chinese isn't actually that high.
"Pushing people forward simply because of their colour, irrespective of merit, would be most unfortunate and would of course lead to disaster. It would mean that Rhodesia would then develop into a kind of banana republic where the country would in no time be bankrupt."


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Offline Captain Obvious

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Re: Economy Gets Even Stronger Under Obama
« Reply #12 on: November 06, 2011, 06:43:22 PM »
Yeah, I bailed out on greer on this one, like talking to a dining room table.

grumpy mopped up the rest.
Write drunk, edit sober - Ernest Hemingway

Offline Conley

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Re: Economy Gets Even Stronger Under Obama
« Reply #13 on: November 06, 2011, 09:25:37 PM »
:D Grump does make a good point about 'owned'.

I guess the Chinese can say that to us?  :-\


I was just reading something about this the other day. The % of US debt owned by the Chinese isn't actually that high.


You're right, they're only about fifth or sixth as I recall.

I thought I posted the numbers on here but it may have been another site...

The numbers vary by how you calculate it, and actually this has China as the largest holder of foreign debt which is a substantial amount

As of January 2011, foreigners owned $4.45 trillion of U.S. debt, or approximately 47% of the debt held by the public of $9.49 trillion and 32% of the total debt of $14.1 trillion.[53] The largest holders were the central banks of China, Japan, the United Kingdom and Brazil.[55] The share held by foreign governments has grown over time, rising from 13% of the public debt in 1988[56] to 25% in 2007.[57]

As of May 2011 the largest single holder of U.S. government debt was China, with 36 percent of all foreign-held U.S. Treasury securities (16% of total US public debt).[58] China's holdings of government debt, as a percentage of all foreign-held government debt, have decreased a bit over the last year, but are up significantly since 2000 (when China held just 6 percent of all foreign-held U.S. Treasury securities).[59]

http://en.wikipedia.org/wiki/United_States_public_debt

I'll revisit tomorrow as it is getting late.
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. -Eisenhower

Offline GRUMPY

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Re: Economy Gets Even Stronger Under Obama
« Reply #14 on: November 07, 2011, 07:15:58 AM »
:D Grump does make a good point about 'owned'.

I guess the Chinese can say that to us?  :-\


I was just reading something about this the other day. The % of US debt owned by the Chinese isn't actually that high.


You're right, they're only about fifth or sixth as I recall.

I thought I posted the numbers on here but it may have been another site...

The numbers vary by how you calculate it, and actually this has China as the largest holder of foreign debt which is a substantial amount

As of January 2011, foreigners owned $4.45 trillion of U.S. debt, or approximately 47% of the debt held by the public of $9.49 trillion and 32% of the total debt of $14.1 trillion.[53] The largest holders were the central banks of China, Japan, the United Kingdom and Brazil.[55] The share held by foreign governments has grown over time, rising from 13% of the public debt in 1988[56] to 25% in 2007.[57]

As of May 2011 the largest single holder of U.S. government debt was China, with 36 percent of all foreign-held U.S. Treasury securities (16% of total US public debt).[58] China's holdings of government debt, as a percentage of all foreign-held government debt, have decreased a bit over the last year, but are up significantly since 2000 (when China held just 6 percent of all foreign-held U.S. Treasury securities).[59]

http://en.wikipedia.org/wiki/United_States_public_debt

I'll revisit tomorrow as it is getting late.

unfortunately yearly deficits and mounting national debt are just the tip of the iceburg.....presently this govt has obligated itself and therefore we the people to anywhere from $60+-$140+trillion dollars in unfunded liabilities......61.6 trillion is the lowest number that i have seen and that was from last summer i believe, this was broken down to an obligation of some $534,000 per household......if you think about it the national debt has a rather humorous/ironic aspect to it in that as we devalue the dollar we also devalue the us debt that others hold and we do this while accusing the chinese of manipulating currency.....

Offline MMC

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Re: Economy Gets Even Stronger Under Obama
« Reply #15 on: November 07, 2011, 07:34:59 AM »
Even without passing the jobs bill Obama and the other Democrats were still able to get the economy going. Check this out, over 80000 jobs were added. The Republicans have been trying to derail the economy but it is working out anyway. Imagine what will happen when more Democrats get in.

Also jobless rate is down to 9 percent.

http://bottomline.msnbc.msn.com/_news/2011/11/04/8632201-october-jobs-report-hints-at-improvement


This is hyped up to show that the jobless rate went down. The ONE missing Piece to this all is.....Job Creation. Job creation went down for the month of Oct. Which fewer jobs were created nor did they open up.
"To destroy this invisible government, To dissolve this UNHOLY ALLIANCE between Corrupt Buisness and Corrupt Politics is the First task of the Statesmanship of the DAY" ~Theodore Roosevelt~ Steward of The People!

 


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