There is still no shortage of concerns for this economy

  • Article
  • Updated: November 12, 2009 - 10:29 AM

The world's appetite for gold as an investment option is intensifying. Last month, India purchased 200 tons of gold at $1,045 an ounce, before the price topped $1,108 on Monday. China, too, may increasingly diversify from paper -- i.e., bonds -- into gold, the price of which, some experienced investors believe, could soar to $2,500 an ounce in three to five years. One reason for all this is U.S. behavior.

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hockeydadmnNov. 11, 09 6:45 PM

The current Administration and the last two Congresses clearly have a socialist agenda that needs to literally destroy Capitalism, in order to succeed. It will take years to complete their mission or they will be replaced by anti-socialists that will need to rebuild a free enterprise economy that can create jobs and raise the standard of living back to an acceptable level.

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jk12345Nov. 11, 09 7:13 PM

The lack of understanding of economics by the Obama administration is astounding. The administration is more worried about taking from the hardworking to reward the inner cities for years of laziness. If you want companies to hire, you do not raise the cost of hiring people. If you want people to spend to get a multiplier effect, you don't threaten them with higher taxes. If you want banks to be profitable, you don't pass rules that make them not be able to turn a profit. Unfortunately most people want something for nothing. Sorry for the lack of political correctness, I will go say "hope and change" 100 times and click my heels together.

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iluvminnNov. 11, 09 7:41 PM

Japan controlled electronics until the internet. Software is written in English, and the computer industry created new efficiencies with the internet, and America had some good years. But, obviously, our prosperity has been mismanaged. I hope innovation is again allowed in America. It is how we have always gotten unstuck. But the politics is perhaps just too far gone.

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dankozNov. 11, 09 7:57 PM

President Obama needs to immediately end the Bush wars and put taxes back up to where they were before Presidents Reagan and Bush and Bush started jacking the national deficit to obscene levels.

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rcarlson07Nov. 11, 09 8:49 PM

We need to step back and remember that we are in this mess together. There is plenty of blame to go around. The crisis was much worse than President Bush or President Obama said. It is going to take quite awhile to get out of this. It would help if we could focus on facts and not just our emotions or personal views. We have been overspending at the federal government for at least nine years. This includes the cost of two wars, Medicare, Social Security and a bunch of pork barrel projects of uneven value. We need to stop wasting money. We need to recognize the federal government can't solve every problem. But we also need to pay for what we do need. There is no free lunch, whatever some politicians say. We need to increase taxes to pay for the current wars, just like we did for every other war before the current ones. We need to cut spending once we get out of the current debacle. We need to stop focusing on side issues that are emotional but not key to our economic recovery. Let's pull together. This is Veteran's Day after all.

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joeeeeeeNov. 11, 09 9:40 PM

is that the boys promised to rebuild Iraq and establish democracy there. So, plan on adding trillions in spending to accomplish what the boys promised. Maybe it will help if we have the boys explain to us again how the money doesn't matter but rather percetage of whatever and that means we can spend any amount to rebuild Iraq. Sadaam Hussein is a cruel and brutal dictator and that equals a blank check for iraq.

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redorblueNov. 11, 09 9:51 PM

That's how we turn this economy around, not by further hand-cuffing job-creating businesses with additional taxes / fees / regulations. The Obama administration is killing America's small business owner who are the primary job creators in our economy.

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joeeeeeeNov. 12, 09 6:12 AM

any additional taxes or fees that business has been asked to bear by the state. Maybe someone can write and tell us about those. Beyond the common sense regulations that are being looked at because of the collapse of the private sector, have there been burdensome regulations imposed on business?

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jakeywNov. 12, 09 7:50 AM

There are plenty of burdensome taxes being proposed that certainly could have an impact in the spending decisions of the public or the investment decisions of private business. Cap and Trade and "the public option" are two of the biggest taxes ever to be seriously considered since the enactment of the payroll tax.

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HendrayNov. 12, 09 9:06 AM

the timing couldn't be worse in terms of the profound economic challenges we face and the makeup of our current leadership in Washington.

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