I'd like to know why Senator Chris Dodd isn't heading up Commerce?
The article at the title to the article is from The Straits Times, a Singpore paper. China. You know the country, the one that currently OWNS the USA.
...To supporters, including labour unions that helped the Democrats retake the White House last year, a 'Buy American' clause is just common sense at a time of economic crisis and massive layoffs....
FTSE 100 (above - Europe)
Hong Kong stocks rise on China manufacturing data (click here)
The Associated Press
Published: February 4, 2009
HONG KONG: Hong Kong's key stock index rose more than 2 percent Wednesday on better-than-expected news about China's manufacturing industry.
The blue-chip Hang Seng Index added 287, or 2.3 percent, to 13,063.89.
Investors were heartened by a report pointing to possible recovery in Chinese manufacturing. While manufacturing shrank again in January, the contraction was less severe than in recent months and seen by some as a sign China's stimulus measures might be taking hold.
"The results suggest that government measures to revive lending and infrastructure spending as well as to boost consumption are beginning to work," Dariusz Kowalczyk, chief investment strategist of SJS Markets, wrote in a report Wednesday.
Shares in commodity producers and shippers led the way on hope of greater demand for resources in China....
The DOW
If Europe and Asia want a stimulus package they can do it themselves. Does anyone actually believe there is a reason to 'share?'
NO !
This stimulus is NOT a global stimulus, it is a stimulus designed to return jobs to the American people and the USA TAX BASE.
I do believe Mr. Geithner, who seems to think he can railroad over top of American workers by capping Executive pay, wants to hand over OUR country's stimulus to every other country in the world.
Hell NO !
The last $700 billion BAILOUT 'got lost in the shuffle' somewhere between the shores of the USA and that of Europe and Asia. The Stimulus is NOT going to do the same thing. I am a bit outraged by the 'siding' with more OUT SOURCING by Mr. Geithner, a 'Goldman Sachs' Homeboy ! He needs to resign and PAY HIS TAXES !
