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A comment on Why The U.S. Economy Is Dying And Is Simply Not Going To Recover.

Re:Why The U.S. Economy Is Dying And Is Simply Not Going To ... by anigbrowl on Monday March 15, 2010 @03:39AM (#1192365)
Trite self-contradictory chicken-little-ism. Corporations are greedy! Globalization is bad! OMG socializm! Will you LOOK at that debt (notice how it flattens in the 1990s and then goes stratospheric starting in 200)?! But it's all the Democrats' fault (even though we had a GOP White house, House, and Senate from 2000-2006)!

Normally I'd do a more substantive rebuttal, but after looking at the front page of businessinsider.com, it seems pretty plain that it's the investment equivalent of a supermarket tabloid. Although the article touches on many real economic problems it does so in a very shallow fashion, tossing worst-case scenarios together almost at random.

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Re:Why The U.S. Economy Is Dying And Is Simply Not Going To ... by fnid2 on Monday March 15, 2010 @05:52AM (#1192574)
Really? One of the forbes links says this:

  based on credit default swap spreads there is a 3.1% 
  chance of a U.S. default in the next five years, 
  according to CMA, a London credit information specialist
http://www.forbes.com/2010/01/20/united-states-debt-10-busin...

That's pretty bad. Also, I didn't notice any contradictions. Maybe your hyperbolic remarks are true. Maybe Corporations are greedy -- they do have a fiduciary responsibility to increase shareholder wealth. Maybe Globalism is bad -- think global act local right? Globalization is the opposite of that! Also, I think the article said it was pretty much the leaders fault, what with a pic of GWB on one of the pages, or did you read that one?

it seems pretty plain that it's the investment equivalent of a supermarket tabloid

Is that ad hominem? Which statements the article includes aren't true?

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Re:Why The U.S. Economy Is Dying And Is Simply Not Going To ... by anigbrowl on Monday March 15, 2010 @01:24PM (#1193460)
There's a reason I qualified and contextualized my opinion. I did not allege falsehood but rather complained of shallow and incoherent presentation.
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Re:Why The U.S. Economy Is Dying And Is Simply Not Going To ... by joe_the_user on Monday March 15, 2010 @07:33PM (#1194431)
It's a shallow, contradictory gloss filled with all the usual rhetoric.

The unemployment statistics it showed did seem pretty significant if they are true.

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