Europe's Debt May Bite Into U.S. Economy

[oldster]

http://www.foxbusiness.com/markets/2012/01/05/europes-debt-may-bite-into-us-economy/

http://www.globalpost.com/dispatches/globalpost-blogs/macro/european-crisis-sorry-south-carolina-and-utah

Serious stuff about which we can do pretty much nothing.  Any hope of improving our economy could be dashed if this has a bad ending.  Sad for us that Germany and France may hold the key if there is a solution. 

We need to tend to our own debt problems, though, or we may end up in the same boat, IMHO.

[oldster]

http://money.msn.com/market-news/post.aspx?post=4ca186ee-dfd8-41a6-bda6-63bc5c8908a4&_nwpt=1

[Wiener]

Such is the price of wanting to go global and get our hands in everyone elses baskets.  Can't blame anyone but the voters.

[oldster]

Ronald Reagan was one of the greatest supporters of "the globalization of markets through trade and finance".  Quoted from http://www.meaus.com/ronald_reagan_at_88-champi.htm 

Global economics are not a new idea nor the domain of any particular political group or party.  Our economy is now, and has been for years, tied to the rest of the world.  Thomas jefferson tried the idea of going it alone and almost wrecked the economy of the young nation.  I believe that cutting spending and "getting our hands into everyone else's baskets" is probably the only way to bring our nation to solvency.

[millcreek]

Ronald Reagan was one of the greatest supporters of "the globalization of markets through trade and finance".  Quoted from http://www.meaus.com/ronald_reagan_at_88-champi.htm 

Global economics are not a new idea nor the domain of any particular political group or party.  Our economy is now, and has been for years, tied to the rest of the world.  Thomas jefferson tried the idea of going it alone and almost wrecked the economy of the young nation.  I believe that cutting spending and "getting our hands into everyone else's baskets" is probably the only way to bring our nation to solvency.

China sure is.

[redcap]

Anyone who thinks we can ignore the rest of the world and still have a strong economy must think we are still in the 1800s.

We must compete not try to isolate.

[Wiener]

I don't think competing and turning global are the same thing.  We competed in the 1800's, we aren't competing now on certain levels we are giving our jobs away to cheaper nations.  You have to wonder how china can do so many things cheaper than us when they have so many more people, oh that right no one is pounding on their doors about rights and regulations, or unions and such.

[redcap]

And nothing will change unless we as a people buy only American, which in today's world would be very difficult.