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mat chen
Joined: 01 Nov 2009
Posts: 494
Location: xiangtan hunan
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 Posted: Thu Sep 16, 2010 8:10 am Post subject: |
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The situation all governments want is everyone working, not going to school. People working spend money. Teaching is only good when people are not working. They go back to school and upgrade or they stay in school at get higher degrees. So China has the fastest growing economy because of low wages and a large number of people who can't afford to stay in school.
I have a question for those who are in touch with the rest of the world. In this recession are the governments spending more on education or is it like California where they are laying of teachers? I don't know if this is true about California, I have only heard about this on this forum. |
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El Chupacabra
Joined: 22 Jul 2009
Posts: 378
Location: Kwangchow
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| Posted: Thu Sep 16, 2010 8:27 am Post subject: |
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| mat chen wrote: |
The situation all governments want is everyone working, not going to school. People working spend money. Teaching is only good when people are not working. They go back to school and upgrade or they stay in school at get higher degrees. So China has the fastest growing economy because of low wages and a large number of people who can't afford to stay in school.
I have a question for those who are in touch with the rest of the world. In this recession are the governments spending more on education or is it like California where they are laying of teachers? I don't know if this is true about California, I have only heard about this on this forum. |
The once-great State of California has been crippled by public unions, including teachers unions. The Governator has had to get tough with all the girly-men running the state, and the end result is less jobs for teachers. It's happening in several ways: outright layoffs in the K-12 world, forced furloughs in the Cal State System, and conflation of titles in the community college system. Adjunct work in higher ed is possible, but can't pay the bills in a high-tax state like Cali.
I will have to differ with you on your economic analysis, only because it suggests a dangerous minimization of differences. In my country, the U.S., money comes from taxpayers, but if they can't work then they can't pay taxes. All this talk of stimulus is a smokescreen for picking the pockets of the achievers to pay slackers to stay in school. The end in sight is a welfare state where every prole is dependent upon Uncle Sam. Except Uncle Sam is going to become a derelict in the gutter singing show tunes at any moment. It's a sad state of affairs, actually. Perhaps the only light at the end of the tunnel is that if the U.S. goes bankrupt we might be able to pay our student loan debts on our meager Chinese salaries. |
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Mallaien
Joined: 04 Aug 2006
Posts: 44
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| Posted: Thu Sep 16, 2010 10:04 am Post subject: |
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| El Chupacabra wrote: |
| All this talk of stimulus is a smokescreen for picking the pockets of the achievers to pay slackers to stay in school. The end in sight is a welfare state where every prole is dependent upon Uncle Sam. Except Uncle Sam is going to become a derelict in the gutter singing show tunes at any moment. It's a sad state of affairs, actually. Perhaps the only light at the end of the tunnel is that if the U.S. goes bankrupt we might be able to pay our student loan debts on our meager Chinese salaries. |
Spoken like a true republican.. Just too bad that the republicans are getting pushed out by a new 3rd party.
I have to say this.. Those "achievers" got rich off the backs of the losers that are now in need of government support. The middle class is all but dead, with 1% of the population, or "achievers" as you call them, holding on to 90% of the wealth.
Its interesting that republicans want to keep the tax breaks for the rich in place, citing that it will keep the economy stable. Indicators show that income from merchants that deal in low cost good's are still in decline while companies that cater to richer clients are on the rise. The rich are not "trickling down" their income to the bottom, its all staying at the top.
The top 1% have the means to avoid paying taxes, and they try pretty darn hard not to if they can. It a shame that they cant give back to the government that provides the system that allows them to be rich in the first place.
On the note about the Government going bankrupt.. Chinese RMB will likely inflate to keep there exports at a level that's competitive, or they face the same fate. China is the #1 holder of US debt, so if the US fails, China will soon follow. Japan just recently flooded their market with Yen to keep its value steady with the dollar. It wouldn't be too far fetched to see China do the same. Right now Chinese currency is sitting around 6.5 yuan on the dollar, while only a few years ago it was at 8 to 1. So hold on to that Chinese currency, you might make a buck in the long run, if the US continues to tank...
to be more precise, RMB is sitting at 6.7261 to the dollar at this very moment, and looks like it may drop to 6.70 in a few days. Its had a steady decline from 6.80 on sep. 1st. The last time it was sitting at 8 to 1 was September of 2006. Around the time of September of 2009 the value of the RMB started fluctuating between 6.8 and 6.7 on a weekly basis. |
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El Chupacabra
Joined: 22 Jul 2009
Posts: 378
Location: Kwangchow
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| Posted: Thu Sep 16, 2010 2:17 pm Post subject: |
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| Mallaien wrote: |
Spoken like a true republican.. Just too bad that the republicans are getting pushed out by a new 3rd party.
I have to say this.. Those "achievers" got rich off the backs of the losers that are now in need of government support. The middle class is all but dead, with 1% of the population, or "achievers" as you call them, holding on to 90% of the wealth. |
Many of those rich folks you envy used to be the source of jobs. Many of them started off dirt poor and succeeded because they had too much integrity to sponge off their fellow man. Some went on to create great philianthropist and humanitarian aid efforts before the current Administration decided that government knows best which charities to give to.
Not sure why you confuse me with the Republican party, but it's actually good that their liberal power elite are being pushed out by the Tea Party. It's only unfortunate that the Tea Party doesn't have any brilliant spokespeople (William F. Buckley, RIP). Despite the nagging imbecility of Sarah Palin and Sean Hannity, conservatism is making a comeback, and any incumbent who wants to keep power is noticing. Even that ol' nag Hillary Clinton is starting to act conservative, rabidly frothing at the prospect of ousting the Marxist boy wonder in 2012.
But it might be too late. The U.S. may have already lost its exceptionalism. That's why this libertarian is seeking greener pastures in redder countries. Oh, the irony. . . |
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