Financial Crisis Called Top Security Threat to U.S. »
Posted By Beau7890 12 months ago in NewsDirector of National Intelligence Dennis C. Blair told Congress yesterday that instability in countries around the world caused by the current global economic crisis rather than terrorism is the primary near-term security threat to the United States.
"Roughly a quarter of the countries in the world have already experienced low-level instability such as government changes because of the current slowdown," Blair told the Senate Select Committee on Intelligence, delivering the first annual threat assessment in six years in which terrorism was not presented as the primary danger to this country.
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Beau7890
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Charlson12 months ago
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Hhussk12 months ago
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Imagine an economic crisis.
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Now, imagine a terrorist attack during an economic crisis.
The two are independent, but not mutually exclusive. That is your first mistake.
You've accused the Republicans and blue dog Democrats of inaction. That is your second mistake. The Republicans proposed an alternative plan with tax breaks and incentives to small businesses. They also proposed a moritorium on payroll taxes for up to a year, meaning, you get to keep more of your paycheck. What they could not sign on to was this extremely pork-infested package that will weaken our country even further.
If you agreed with this stimulus bill, that was your third mistake. -
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Endoscopy12 months ago
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You are ignorant. Obama referred to Japan when pushing this bill. This bill is what Japan did. What he left out is that Japan had 10 years of bad economy as a result of their huge spending bills. Money is taken out of the marketplace and used by government for all kinds of different things that end up actually hurting the citizens. This bill is in that same category. The New Deal did not fix the Depression. Look at the table below for the unemployment statistics. WW2 fixed it.
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Unemployment During the Great Depression
Average rate of unemployment
in 1929: 3.2%
in 1930: 8.9%
in 1931: 16.3%
in 1932: 24.1%
in 1933: 24.9%
in 1934: 21.7%
in 1935: 20.1%
in 1936: 16.9%
in 1937: 14.3%
in 1938: 19.0%
in 1939: 17.2% -
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mmrhe12 months ago
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Hhussk12 months ago
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fsev4111 months, 4 weeks ago
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Bush did NOT protect us from the terrorists. Osama BinLaden has said that he does not need to attack us on our soil because he can defeat us by destroying our economy. He may have accomplished that task and all the while Bush was pouring our wealth down a blackhole in the middle east. I would rather die swiftly by a terrorist bomb than slowly in my own home with GW patting himself on the back.
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FrankHummel12 months ago
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The problems are TECHNOLOGICAL, not "political" or even "economic/financial". All you folks who think and blather about this stuff in the sorts of terms in which you evidently "programmed" to view them DESPERATELY need to inform yourselves about the TECHNOLOGICAL ALTERNATIVES that DO exist for "weaning" "our"selves OFF of "our" ADDICTIVE DEPENDENCY ON OTHER PEOPLES' OIL --- and indeed, more generally, ULTIMATELY "FOSSIL" FUELS ALTOGETHER (as incredible as that may sound). You need to then get busy developing A WHOLE NEW ECONOMY built around such "alternative" technology. (And no, it is NOT limited to just solar cells and windmills.)
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Unless and until you do so, you will not see any end to the pattern of "instability" about which you complain, and you will not begin to see any real progress. Sorry, I know that is a very UNHAPPY message. I know it bespeaks a COMPLETE AND QUITE RADICAL RECONSTITUTION OF "OUR" WHOLE ENERGY DIET, AND INDEED “OUR” ENTIRE NATIONAL ECONOMY! --- WHICH WILL BE EXTREMELY DISRUPTIVE TO A GREAT MANY "ESTABLISHED INTERESTS"! A lot of “empires” based on the exploitation of “fossil” fuels that have grown up over the last 300 years or so ARE ABOUT TO GO BUST, and the next few decades will NOT be a particularly pleasant period during which to be living.
But "we" had better actually GET BUSY WORKING ON ALL OF THAT,PEOPLE. For if "WE" don't do so, then you CAN BET YOUR LAST DOLLAR (and come to think of it, at this point that IS about what you actually ARE betting!) that OTHER PEOPLE ELSEWHERE (particularly the many, many folks over in ASIA) WILL indeed do so! -
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BB6412 months ago
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What is going on in Washington? What are they thinking? We're having a problem with business, no question there but even now the numbers we're seeing are no where near the disaster they're painting a picture for. We're in better shape than we were in 1982. Then we were in the height of the Cold War. That was a far more dangerous time. Reagan cut taxes and magically things corrected. Today, we're doing just the opposite. Raising taxes will fail. We will see a huge swing in less than 2 years. The House and Senate will once again become GOP strongholds.
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PainGoddess12 months ago
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A lot of this crap seemed to start when gas was 4.00 a gallon and suddenly companies had to raise prices because the twit CEO's did not figure out that every company needs a savings plan and an plan for buffering the bad times. The SEC seemed to let predatory lending go on and Madoff Mad Man do what they wanted all in the name of free enterprise and capitalism. Now we may be facing socialistic tendencies to straighten it out and a further mess to keep it straight.
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Now the US has the RUSSIANS and the CHINESE buying up OUR land and BUSINESSES. What the hell? is that all about?! -
employmentproof2Comment removed: Hard Banned
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