Finance, Forex and Investments

India's economy grew 8.8% and Russia's 5%. What do they know that this administration does not?

Public Comments

1. It's just easier to say everything.
2. Plenty! They actually have people running those countries that have experience. Instead of electing some total rookie.
3. They know how to pick good strong experienced leaders
4. They don't try to reach across the isle to Republicans who want their administration to fail (country be damned.)
5. They knew better than to elect an idiot like Bush.
6. Russia has a flat tax for one thing
7. right now these countries are supporting their businesses not spitting in their faces.
8. Germany, Canada, China, Thailand. Lots of countries have bounced back, some avoided the "global" recession altogether. Economists can make guesses, but I'm not sure anyone really knows why.
9. Obama has increased the debt so much and will continue to increase it and raise taxes to pay for the people who do not work or pay for insurance or pay for a host of other social programs that America will continue to decline. We will be replaced by Asian countries and eventually single culture European countries as the world's economic power. We will not have oil to run the country, green energy is a farce until maybe 100 years from now, so young Americans better start getting use to service sector jobs and doing worse than other countries. We brought this on ourselves.
10. That the government cannot spend its' way out of a recession and that it can also not protect every citizen from every conceivable ill and piece of bad luck then force the other members of society to pay for it.
11. Probably helps that they spend 5% of their GDP on public spending... If that's what economic growth looks like they can keep it.
12. Poland's dollar was never effected by the world's economics. The EU insisted Poland devalue it's dollar and they refused. Next thing you know, the Polish president, his wife and half of Poland's top officials died in a plane crash on a Moscow runway. There is video footage of the crash on YouTube. You can hear Russian soldiers shooting the crash survivors... Poland also refused the swine flu vaccinations, wouldn't allow them to be given in their country...
13. On this point, I find myself **choke**choke**cough**cough** in agreement with **choke**choke**cough**cough** Robert Gibbs. It is very easy to grow from zero or some other absurdly low, outside the maintream of economics number. We have been at the growth game for longer than developing countries so more stable and more gradual. What Gibbs fails to address is that our numbers are no where near what his economists promised and predicted. This indicates that they don't know what they're doing. Why don't they know? Because they are, nearly to a man, all career bureaucrats with no experince in private sector business, finance and economics. If Zer0bama does not clean house and replace them all after November 2010, that will be a sign of his surrender and no desire for a second term.
14. Capitalism
15. Their economy grew, because they export in their countries. USA has outsourced everything to India and China, that we have nothing to offer other countries. BIG MISTAKE.
16. They stay out of the way of free markets---unlike obama and congress who diddled w. the economy until they really did break it--and ruin our ability to recover . If the govt would just stop and leave businesses alone--but the huge tax from his nationalised health welfare law, letting tax credits expire, bailing out failing bankrupt companies like gm, fannie and freddie--throwing tax payer money at bad govt programs and corruptly run companies--has been disasterous for us. If obama knew one iota about business or money or international finance or ledgers or bottom lines or how to govern and manage a huge corporation--he knows nothing about anything a real president sshould-he's just a token black guy that made minorities feel good--but why couldn't we have elected a black man who knew his head from his asss?
17. If they know anything that puts them one up on this administration. But it is nothing that can't be fixed. We can start with a few replacement parts in November. Then a major overhaul in 2012.
18. They know that capitalism and the free markets work! They also have leaders with at least some business and common sense, unlike those in this administration. Just remember November can bring the change we need... MR
19. Their leaders do not want to destroy their countries. Obama wants to destroy the US.