CNBC..reporting that Bush Postpones Big US Trade Talks...over Ports Deal!

[KoKo]

Maria Barteromo just interviewed two long time CNBC Money Makers, Greg Vilaiare and Clyde Prestowicz and they were hysterical over the cancelling of the Ports Deal for what it could mean to international trade deals.

They were really pissed! Said "President is on the Run, a Lame Duck on Defense, and he needs to Clean House maybe starting with Cheney because the Fear and Zeonophobia out there could bite back on our Trade with foreign countries." (I used exact quotes from both of them)

Greg Vallaire (sp) said he didn't think we would get to "isolationism" until the unemployment reached 7% and so he was concerned but didn't think it would be immediate. Clyde Prestowicz was foaming at the mouth saying that this could hurt foreign investment by US abroad and by foreigners investing in the US. MSMNC then showed a figure onscrean of Foreign Investment in the US being 38.8 Billion.

Both of them seemed to be hysterical that all their "deals" might go sour because of Bush's lame duck status and one of them mentioned that unless the Iraq War went better we could be headed down the road of "Protectionism."

CNBC also had Pat Buchanan on today talking about how we should keep American control of our ports and commerce and that NAFTA had ruined our country.

:D...It was good to see the BUSINESS MONEY BAGS turning on their "Golden Calf" or maybe their "goose who laid the golden egg." :rofl:

[MadMaddie]

1. This really have been a good Friday hasn't it!!

:applause:

[mdmc]

2. money is never swayed by emotion

as long as there is money to be made, international investors will continue to invest. This port deal would still be on the table, if the UAE thought there was money in it. Seems like w. was too successful in generating fear over terra.

[Elwood P Dowd]

3. If foreigners stop financing Bushit's budget and current account deficits

all hell could break loose. Just shows you what happens when you ship production offshore, fire millions of American workers, and then become dependent on foreign sources for everything from consumer goods to food to military hardware and even financing for our deficits. The out of control free trade from the past 25 years is about to kick our ass!

[KoKo]

4. I think it's a "beginning" when the Business Bush Bots start to be Afraid

of his policies and are calling for a "house cleaning."

We know we Dems can't do it on our own..even here on the "internets" we only have the "power of our own media" so when his LOYALISTS start to turn...we gotta figure..he's in really deep TROUBLE/S**T...and know that the tide is "Ours" as Dems or maybe it's just a realignment of the same folks who gave us Bush in the first place...falling on their swords in capitualation that whatever Bushies and St. Ronnie did....it sure does come back to "bite 'ya!"