Obama says U.S. needs to learn from Japan's 'Lost Decade'

Tuesday 10th February, 04:02 PM JST

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MeanRingo at 07:17 AM JST - 11th February

I can't wait to see how this global crash affects crime rates. When you can't find work to feed your family, you have to go out and do it another way. There are going to be a lot of cab killings, purse snatchings and break-ins around Japan. A lot more than people have seen in the last few years. As for the US... yikes! That is going to be one scary place to visit.
Molenir at 08:16 AM JST - 11th February

Well if he does, he's playing his cards pretty close to the vest. He's been out criticizing Obama without offering any alternative.

Betzee - Actually Romney has published several editorials on the subject. Apparently they flew under your radar however.
apecNetworks at 09:43 AM JST - 11th February

It is hard to believe that no one on JT, especially those in economics/finance, doesn't discuss the size and cause of the problems. At the higher levels during the Wall St. bailout, they came close to describing the problems. The only person of academic stature would be former Prof. Chalmers Johnson's epic three part series written before the current economic problems. Given sensitive info in the 1990's, I am more attuned to the actual causes of the problems, but it seems taboo on JT, or is it for another reason? From reading posts on JT, the US seems to be moving towards "currency manuevers" to address the problems - would like to hear counter arguments.
GW at 10:56 AM JST - 11th February

apecnetworks

I really love yr ""secret agent"" type posts, keep them coming :)

I am more attuned to the actual causes of the problems, but it seems taboo on JT, or is it for another reason?

ah come on dont keep us in suspence spill the beans, I am sure yr handlers wont mind.
telecasterplayer at 12:21 PM JST - 11th February

That's why I voted for President Obama. He sees the world, he sees the real-life examples and the lessons to be learned. Even last week, McCain was blithering on about a "tax-cuts only" bill. LOL, yeah that's going to do it. I just wish President Obama would stop trying to sway the gops, and place "bi-partisanship" BEHIND "doing what's right for the country".
apecNetworks at 02:46 PM JST - 11th February

Correction:

"whereas FORMER Prof.Chalmers Johnson's workS haVE great academic significance."
apecNetworks at 06:05 PM JST - 11th February

To GW:

I tried to establish a few landmarks for you to consider, but it was deleted. Just remember, there is info on the economic problems not being put out by the mainstream media. "classified" can mean "truth".
cracaphat at 10:43 PM JST - 11th February

Japan is still lost.An export only country can't do much if that's all they got to offer, but wait it out.
suebe36d at 11:37 AM JST - 12th February

Follow the money: what spending lined whose pockets? If illegal, fine them; if due to loopholes, plug them. Social fabric deterioration's the problem: unemployment leads to alienation to crime/fraud to broken homes to marriage/family phobia to short-sighted gains because in the long run, we're all dead.

& unemployment is caused by unnecessary short-sighted investments of a corrupt government including over-protection of vested interests.

& beware the cult of Obama. Obama alone can't cure America. Obama assassination won't stop the change we need. But Denham and Robinson families should be the model for America. Such nurturing parents or grandparents make solid citizens without eating a chunk of taxes for special bodyguards and hi-security.
GJDailleult at 11:38 AM JST - 12th February

It's pretty simple stuff to figure out. Countries need banking systems to function, and the USA doesn't have one anymore. They gave away all their money. So you can A) spend money on stimulus, which in the end will either leave the country due to spending on imports or get put in the banks, in both cases it disappears, B) nationalize the banks and re-capitalize, which will off course lead to a national nervous breakdown due to being "Un-American", or C) follow Heathen Cabin's advice and have the government get out of the economy and let the private sector build a new banking system. If you do that of course you won't only be able to shop at the Arkansas five and dime store (AKA Wal-Mart), you'll be able to live the backwoods Arkansas lifestyle 24/7.
Molenir at 05:30 PM JST - 12th February

nationalize the banks and re-capitalize, which will off course lead to a national nervous breakdown due to being "Un-American"

Thats not where the nervous breakdown would happen. Do you understand that banks have investors? By nationalizing the banks, you would essentially wipe out thousands of small and large investors. Not only would they pull their remaining money from those banks, they would pull basically all their money from the market in fear of further nationalizations. They wouldn't be the only ones either. It could potentially cause a global economic meltdown, depending on how it played out. You don't even want to think about that kind of nightmare scenario.
Midnightpromise at 06:08 PM JST - 12th February

That's why I voted for President Obama. He sees the world, he sees the real-life examples and the lessons to be learned. Even last week, McCain was blithering on about a "tax-cuts only" bill. LOL, yeah that's going to do it. I just wish President Obama would stop trying to sway the gops, and place "bi-partisanship" BEHIND "doing what's right for the country".

Your mistake will be self evident in a few years. Why not go whole hog and implement a bazillion dollar bail out?
Midnightpromise at 06:14 PM JST - 12th February

We're swallowing the poison pill while looking for a way to clean up the bad debt.

Excuse me? How is borrowing trillions of dollars from future taxes swallowing any pill at all other than giving future generations BIG problems? Letting the free market and capitalism close banks and move folks out of debt they should not have been able to assume in the first place would have been swallowing the poison pill......
Raymasaki at 12:30 AM JST - 13th February

I voted for Obama also. one thing you should keep in mind we have had a resession & Gotten out of it. Japan also has had a ression & gotten out of it. Alot of countries have done it. so people should believe we will do it Again. every country has had Ressions & recovered
illsayit at 01:46 PM JST - 15th February

got out of recessions, with some almighty change. That change, is where the majority of folks dont even reeeally see it coming. Because most folks dont want to change themselves. Which is why so much dilly-dallying takes place, and no effective moves from polticians can be done. Japan and the USA better stop quoting each other at this point, afterwards it will create more unrest amongst the peoples, and thus longer to recover. Are they both down to this option only?