Is China’s Economy about to collapse?

This is not the first time I have heard this, but:

Which does China face? A popped real estate bubble could exert a big drag. Housing construction exceeds 10 percent of GDP. That’s historically high, says Lardy. At a similar stage of economic development, Taiwan’s housing investment was 4.3 percent of GDP. In the recent U.S. real estate boom, housing peaked at 6 percent of GDP. In China, housing stimulates much consumer spending (furniture, appliances) and accounts for 40 percent of steel production, notes Lardy. Land sales are also a big revenue source for local governments. All would suffer from a housing bust.
There are mitigating factors. Outside Beijing and Shanghai, it’s unclear that housing prices are “out of line with household income growth,” says economist Eswar Prasad of Cornell University. Chinese buyers also typically make large cash payments for their properties. Compared to United States, a housing bust is less likely to become a banking crisis as mortgages sour.
Whatever happens, China’s economic model is reaching its limits, as Lardy argues. It has relied on exports, promoted through the controlled exchange rate, and investment, including housing, subsidized by cheap credit. Meanwhile, Chinese savers have been punished by the low returns on deposits. This dampens their incomes and consumption spending. The trouble is that the global slowdown threatens exports and housing’s excesses threaten investment. Unless China can switch to stronger consumption spending, its economy will slow — or it will achieve growth by becoming even more predatory toward other countries. — Is a Chinese economic slump on the horizon? – The Washington Post

Go read that whole thing, because this is the best case for this belief. The funny thing, the people over a GoldSilver.com have been saying this for a while:

Go check them out and get into Gold and Silver; before you lose it all.

Video: Jon Huntsman “Country First”

I tend to believe that if Mitt Romney was not running and the Republican Party was not so far in the right corner — this guy might have a chance.

Unfortunately, Mitt Romney is there and everyone hates him; and the rest of them cannot get elected. Poor ol’ Jon cannot get a break.

It is a good ad. It just will fall on deaf ears.

Here is a good reason why I will be voting Republican in 2012

This is very scary…:

In his remarks, Genachowski said the program has been successful, but has also been plagued with problems of accountability and efficiency. Multiple service providers are often supplying Lifeline subsidies to the same households, he said, because there is no centralized system. To address the issue, Genachowski said, the draft proposal creates a national database of Lifeline users to prevent duplicative billing. It also sets a budget for Lifeline aimed at connecting eligible consumers while staying within budget, and requires that participating companies be subject to independent audits every two years. — via FCC’s Genachowski proposes broadband reform – Post Tech – The Washington Post

National Database of internet users? Yeesh. 🙁 The Democratic Party has gone mad. Go read, that whole thing. I will say this; that low income thing is a crock; if they do it for them, they will do it for everyone. This is why we have to win in 2012 and further more, Why we also have to pick a real Conservative and not some idiotic Rockerfeller big-goverment Republican. Which is why I do not quite understand why people like Michelle Malkin get upset over the back and forth that is going on.

The Republican grassroots and the Conservative grassroots; which does include me — needs to know what they are getting this time. The last time around, everyone just followed behind what the Republican establishment gave them. Not this time; we are better informed, and thanks to twitter, facebook and blogs, we communicate better. Which is why elitists like President Barack Obama hate the internet so much. To be fair, I would be willing to bet some Republicans dislike it too.

(H/T Drudge)

Palin’s Hubby endorses Newt

This comes via Ace:

Todd Palin said he believes that being in the political trenches and experiencing the highs and lows help prepare a candidate for the future and the job of president.
He did not criticize any of the other candidates and said his “hat is off to everyone” in the Republican race.
But Todd Palin did point to last summer, when a large portion of Gingrich’s staff resigned and the candidate was left, largely by himself, to run the campaign.
Gingrich’s ability to overcome the obstacle and still move up in the polls showed his ability to campaign and survive, according to Todd Palin, who said Gingrich is not one of the typical “beltway types” and that his campaign has “burst out of the political arena and touched many Americans.” — Todd Palin Endorses Newt Gingrich – ABC News

I will resist the temptation to mock her for having her hubby do her dirty work. It could very well be that they both disagree on whom they support. It is primary season after all. I really do not see this being any sort of a game changer or anything. I will say this — the reason Newt’s staffers bolted back last summer is because they did not think Newt was really serious about running. Hmmm, kinda like — wait. I won’t say it. Never mind. 🙄

Others: : The Hill, GOP 12, The Jawa Report, Campaign 2012, The Right Scoop, The Raw Story, Conservatives4Palin and Wake up America

Video: Why I do not entirely trust Fox News

Anyone that reads the blog knows that, yes, I am a Christian. However, I find a good deal of the social Conservative movement to be troubling. Mainly, because of a big-Government statists that exist within those circles. A perfect example of this is Fox News and Fox News’s Bill O’Reilly.

Bill O’Reilly is also a social traditionalist or if you prefer a social conservative. While I believe that his intentions might be pure; he does have the mentality that the Government must protect its citizens from social perversion. I am afraid, as much as I enjoy watching Bill’s show and that Network; that this is a Statist mentality and files directly in the face of what true Conservatism is about. This video also shows that Fox News channel is, just like its socialist counterparts at MSNBC and CNN; pursuing an agenda that includes outright false information.

Enjoy the video:

Again, I do not feel Fox News or Bill O’Reilly to be overly evil or anything. (little strange at times, maybe! 😉 ) I just disagree with his statism very highly.

Tony Blankley RIP

Sad News:

Tony Blankley, a noted conservative author and commentator and former editorial page editor of The Washington Times, died late Saturday, according to family sources. He was 63 and had been battling stomach cancer.
Mr. Blankley was an executive vice president of the Edelman public-relations firm in Washington, a visiting senior fellow in national-security communications at the Heritage Foundation, a syndicated newspaper columnist and an on-air political commentator for CNN, NBC and NPR.
He was also a regular weekly guest on “The McLaughlin Group.”
Mr. Blankley was editorial page editor of The Times from 2002 to 2007, and from 1990 to 1997 he served as press secretary and general adviser to former House Speaker Newt Gingrich. – Ex-Times Editorial Page Editor Tony Blankley dead at 63 – Washington Times

RIP.

Others: Scared Monkeys, The Sundries Shack, NewsBusters.org and Outside the Beltway (Via Memeorandom)

Pat Buchanan is a fine American

Furthermore, anyone who opposes his views, when it comes to foreign policy, trade, and fiscal policy are anti-American, a liberal or a Neoconservative.

(AP) PASADENA, Calif. — MSNBC’s top executive said Saturday that he hasn’t decided whether conservative commentator and author Pat Buchanan will be allowed back on the network.
Buchanan, a former GOP presidential candidate and a paid MSNBC contributor, hasn’t been on the network since the publication of his book “Suicide of a Superpower” last October. The book has chapters titled “The End of White America” and “The Death of Christian America” and its author argues that the United States is in the “Indian summer of our civilization.”
“When Pat was on his book tour, because of the content of the book, I didn’t think it should be part of the national dialogue much less part of the dialogue on MSNBC,” said MSNBC President Phil Griffin. The minority advocacy group Color of Change has circulated a petition urging MSNBC to fire Buchanan.
Buchanan did appear for an interview about his book in October on Fox News Channel’s “Hannity,” where host Sean Hannity said, “welcome out of exile.”
Griffin would not discuss the length of Buchanan’s contract with MSNBC or whether it would be renewed. — Via MSNBC chief: No decision on Pat Buchanan’s return – CBS News

Pat Buchanan is a rare person, who speaks candidly about racial realism in America. The Marxist tools at MSNBC and the Marxist tools on the right who oppose him are not worthy enough —- to tie his shoes. I feel the way, about this man, the way Ron Paul’s people feel about him.

Buy ALL of Pat Buchanan’s books right here:

You say, “I thought you didn’t support Antisemitism or Racism?” I don’t. But, I do support those who dare to tell the truth about those who support Wilsonian foreign policy and internationalist Democrats and Republican Globalists; who are selling America’s birthright right out from under us everyday. Further more, I support someone who calls these Neoconservative warmonger’s for what they are; warmongers who would drive American into bankruptcy to support a Nation, who views we, the American people as useful idiots. Further more, Israel is much capable of handling its own affairs and does not need the United States meddling in them. Israel’s President said that himself, during a joint session of Congress.

So, all this silliness about racism and Antisemitism is nothing more than the liberal and neoconservative establishment protecting their turf. Kinda like these idiots below:

Little Green Footballs, Outside the Beltway, The Impolitic and The Raw Story

Pat Buchanan’s website is here

Update: Now, obviously, I do not agree with Mr. Buchanan on his views about World War 2. However, it is a fact that Germany did not attack America on December 7, 1941; Japan did. However, I am mindful that the Germans did sink some of our private vessels off the coasts of California, Texas and New York. Having said that, why is it, that the Neoconservative and liberal establishments wish to silence this man? It is simply a form of soft-fascism; something the left invented long ago and it seems that the right likes to play that game too. I know it too well, I have taken so controversial stances myself in the past and have challenged some of the so-called “Darlings” of the Neoconservative establishment and I have been banished to pariah status in the Blogosphere because of it.

No, I did not watch the Republican Debate last night

I had good reason not to watch too. From what I was hearing on twitter last night; while I was lying in the bed and drifting off to sleep, is that the debate was lousy. This was confirmed by things that I have read this morning. I guess the usual liberal partisan hacks over at ABC NEWS were living up to their expectations — not to mention the fact that the head of the DNC was at the debate outright lying to the media.

Also, the silly back and forth, not to mention the preening; as to who is the most Republican of them all — I find all that quite the bore. The truth is none of these contenders is of the Reagan stripe of Conservative, most of them, with the exception of Ron Paul; who is too far in the other direction — are just Neo-Conservative war hawks. Now will I vote for one of them? At this point, I really do not honestly know. It depends on which one makes the cut with the GOP nomination.

To be quite honest, the primary process really does not interest me that much. Now the general election is another story; the debates that I very much look forward to are the general election debates, how is Obama going to face someone like Romney? How is Obama going to stand there with a straight face and repeat that silly mantra of Hope and Change?

The truth is the only thing that is changed, is the amount of debt and the rate of unemployment. This is not to even to mention all the bureaucratic Government regulations that was put into place that killed many jobs in the oil drilling business. I just do not see how Obama is going to defend all of that, without sounding like a blithering idiot.

There is supposed to be a debate tonight as well, from what I hear. I will most likely skip it too. Again, I just do not have any interest in the Republican Party fashion shows. I just want to see this failure of a President try to debate and defend his failures in leadership. It is something that I do look forward to very much.

New Ron Paul ad dings Santorum in SC

(Via POLITICO.com)

Video:

I wonder what Jesse Vantura would say about that? I mean, after all, he does support Ron Paul. Not only that, but Ron Paul has a lot of damned nerve even bringing up betrayal; considering the fact that Ron Paul has repeatedly betrayed the United States Military of which he served. All so he can remain true to his leftist ideology of isolationist utopia and foriegn policy disenguagement. Here is hoping that Rick Santorum fires back and fires back hard on this point. Not only that, I also hope Rick Santorum brings up his racist and Anti Semitic friends too.

Others: : National Review,, THE ASTUTE BLOGGERS, American Power (via Memeorandum)

Kudos to Charles Lane

For standing for those who wish to love thier children and not have to be subject to these sort of attacks.

I’m not defending Rick Santorum the presidential candidate. From what little I know about him, he seems to have his own issues with moralizing and judging. To the extent he has used his family’s experience to make a point about abortion, I object.
But I am defending the right of the Santorums and all families to grieve an infant’s death in accordance with their personal needs and beliefs. My plea is for a little more respect regarding the way people deal with loss, and a little more maturity about physical contact with the dead. If that puts me in sympathy, for a moment, with this right-wing politician, so be it.
Jonathan’s death was probably the hardest moment of my life. But actually touching his body was a source of comfort and the first step in going on with life. Not weird — Via Rick Santorum’s baby–and mine. – PostPartisan – The Washington Post

I would recommend you to go read that whole thing; a very touchy story about a Father who also lost his child as well. Charles Lane is a brave man for standing up to his fellow liberals and objecting to the idea that loving a dead child is “Weird.”

Kudo’s to him. 🙂

Others: CatholicVote.org and National Review