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Home Front: Politix
Palin blasts 'systemic crisis,' US economy under Obama
2011-09-04
[Straits Times] Former Republican vice-presidential hopeful and television commentator Sarah Mama Grizzly Palin
... the babe libs love to hate ...
 on Saturday slammed the state of the US economy on the watch of President Barack B.O. Obama.

Mrs Palin, a former Alaska governor, said she believed the United States had sunk into a 'systemic crisis' and reached a 'tipping point,' insisting she was seeking the 'restoration of the country that we love.'

'America faces a crisis ...this kind will relentlessly rage until we do restore all that is free and good and right about America,' she said at an event staged by the conservative Tea Party in Indianola, Iowa.

'It is not just fear of a double dip recession. And it is not even the shame of a credit downgrade for first time in US history. It is deeper than that,' said Mrs Palin, the darling of the movement. 'This is a systemic crisis due to failed policies and incompetent leadership.'
Posted by:Fred

#10  I'm less interested in the fact that we're trading with Gazoo than with who's doing the importing.
Posted by: Nimble Spemble   2011-09-04 18:22  

#9  Eohippus Phater7165, thank you for that chart. It raises some questions, like why are we trading with the Gaza Strip? Forget that we have a negative trade imbalance, why are we trading with Hamass-controlled territory at all?
Posted by: Old Patriot   2011-09-04 18:16  

#8  In addition to being able to print postage stamps, San Marino is also a major gem producer, especially garnets. It's the oldest continuously-independent nation in the world, and the world's oldest republic. There are no income taxes, and the country of 30,000+ has one of the highest GDP rates in the world. It has an army of 137 that also doubles as the State's police force. It's a GREAT place to visit. You know immediately when you've crossed the border, because it's immaculately clean and well-kept. It has great food and the prices were the best in Italy when I was there in 1973.
Posted by: Old Patriot   2011-09-04 18:06  

#7  There's no such thing as British tariffs, we British (despite a majority who'd like to leave) are stuck in the EUSSRs trade cartel.
Posted by: Bright Pebbles   2011-09-04 14:09  

#6  Let's first equalize trade tariffs with British rates, like quintupling car tariffs, then we'll talk about your protectionism. Or how about shoes (17%) or food (~15%).

And don't give that lie about about the depression and trade protectionism. The US was the export powerhouse at the time and suffered the most. The net importing countries suffered much less as they substituted domestic labor or what they were importing.
Posted by: Eohippus Phater7165   2011-09-04 12:39  

#5  I hope no-one is going to be economically ignorant enough to suggest protectionism.
Posted by: Bright Pebbles   2011-09-04 11:43  

#4  Five families who have the right to print postage stamps, Secret Master. And stamps are money.
Posted by: Grunter   2011-09-04 10:26  

#3  How in the H-E-Double Hockey Sticks are we only selling 100 grand more to San Marino than we're importing from them? San Marino is like five families living on a mountain top in central Italy!
Posted by: Secret Master   2011-09-04 03:49  

#2  At least we have a balanced trade with Pitcairn Island. Fletcher Christian can rest in peace.
Posted by: Alaska Paul   2011-09-04 02:00  

#1  Here is the systemic crisis:
U.S. Trade Balance, by Partner Country 2010
Posted by: Eohippus Phater7165   2011-09-04 01:43  

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