Jamesb101.com

commentary on Politics and a little bit of everything else

How Interesting?…..China rising headlines bring China doubt headlines……

The New York Times today has a piece on its front page declaring China the largest car market in the world (we did a post on it’s jumping past Germany to become third largest exporting country)…….then  questioning the Chinese  economic growth……

What gives?

Anybody who had common sense could predict that China would surpass most the world in its economy…simply by looking at the country…it is huge…and its population is huge….and the Chinese boast that their political system can make decision with the encumbrance of the haggling in a democracy…..remember how everybody has set up manufacturing shops there…I overheard two women at work the other day talking about how products unique to India were now being made in China…..

The piece seems to saying this…….

As China gets bigger economicly….it will have to grow its salaries and consumption…this growth will at some time peak and cause an economic downturn……eceonmists don’t know when…but……

Some experts fear that too much of the stimulus money was put into unprofitable projects and bad loans that will be exposed in a few years. In that view, China’s 2009 boom, in which automakers sold nearly 14 million cars and trucks, and housing prices doubled, is really a sign of an overheated economy at risk of serious recession down the road.

One thing the Dog knows…..China still has a lot of growth potinetal…..and they are right behind America and catching up fast……

Update:…..The Dog gets this from Brandon……

The way things are going within a decade China will overtake the US as GM’s largest market. The spread this year 2 million here and 1.6 million in China. This year car sales in China were greater than the US for the time ever. Volkswagen is on track to overtake Toyota and GM in world sales this decade because of their China strength. TOP five companies in China VW, GM, Hyundai-Kia and toyota. The domestic car companies lag but they are catching up, see Geely’s buying of Volvo from Ford.

and he adds…..

Actually GM sold 1.8 million in units in China last year for a market share of 13%. They may be hurting here but not there. Buick in China outsells Buick over here by over 3-1. Ford has a share of about 2.5% they were late to the game there but they are growing fast up 80% last year.

Thanks….

January 12, 2010 Posted by | Breaking News, Government, Media, Politics, The Economy, Updates | , | 10 Comments

Jobs Summit??????

Job Summit…..Are they kidding me?

You want to know  how you get people back to work?

You need to get the economy going….its moving back slowly….but, until it picks up steam and employers see sales and confidence…job hiring is going to lag…..

A second Stimulus to help local and stat government hire wouldn’t hurt either (remember the old WPA projects?)….

And by the way, isn’t only one quarter of the original Stimulus money spend?…when is the rest coming into system to push up that growth?…..

Stay home, and do your homework Mr. President..the rest will come…..

December 3, 2009 Posted by | Government, Media, Politics, The Economy | , , , , , , | 2 Comments

The ‘invisible man’ Timothy Geithner reappears and reaffirms the push to stabilize the economy first and create jobs….

Treasury Secretary Tim Geithner was on NBC’s “meet the Press” today after being out of the spot light for a while…….he made a point on the show to maintain that the administration knows that the deficit is way too high…. but first things first…the economy needs fixing, then the jobs situation needs attending to, for political reasons and  with more jobs, increasing the flow of money into the system…..

He agreeded that the recovery has begun but it is uneven and will be slow in coming…..

The best thing he said besides acknowledging the need for job growth is the fact the small buisnesses need help also….most people do not know that the countries economy is runby samll business who vastly out number the mega corperations by multpiles……..

November 1, 2009 Posted by | Media, Politics, The Economy | , , , , , , | Leave a comment

The 'invisible man' Timothy Geithner reappears and reaffirms the push to stabilize the economy first and create jobs….

Treasury Secretary Tim Geithner was on NBC’s “meet the Press” today after being out of the spot light for a while…….he made a point on the show to maintain that the administration knows that the deficit is way too high…. but first things first…the economy needs fixing, then the jobs situation needs attending to, for political reasons and  with more jobs, increasing the flow of money into the system…..

He agreeded that the recovery has begun but it is uneven and will be slow in coming…..

The best thing he said besides acknowledging the need for job growth is the fact the small buisnesses need help also….most people do not know that the countries economy is runby samll business who vastly out number the mega corperations by multpiles……..

November 1, 2009 Posted by | Media, Politics, The Economy | , , , , , , | Leave a comment

The United States Economy shows a vast improvement!….

I have been saying to anyone that would listen ……’The recession ended in the late spring’…well, the numbers from the economists for  the third quarter of this year, are the first positive numbers for a while……..And  they  seem to support the fact  that the economy is indeed coming back……I don’t really feel it personally….But I have been watching the little signs here and there, and it was unmistakeable…….

I know the Republicans aren’t going to take it too good, but the President’s campaign of Government spending WAS the key…

Obama gets the props folks………

But , we have a very long way to go to prosperity……

October 29, 2009 Posted by | Media, Politics, The Economy | , , , , , | 9 Comments