America can be a superpower or a welfare state, but not both.

[mookiemookie]

Off topic, yeah...

The WSJ has become nothing but a right wing rag sheet ever since Murdoch took it over. Once upon a time, you'd actually find economic and market news in it. Then the Op Ed section became like watching Fox News. And now, the noise machine has invaded the rest of the paper - the supposed unbiased "news." It's become just another mouthpiece for the propaganda machine who can't even get their facts right in many cases. Those that rely on the WSJ for making investment decisions are putting themselves at risk as the conflation of investment advice and political bias is a bad mix in general and a sure way to lose money.

[Onkel Neal]

Originally Posted by mookiemookie

Off topic, yeah...

The WSJ has become nothing but a right wing rag sheet ever since Murdoch took it over. Once upon a time, you'd actually find economic and market news in it. Then the Op Ed section became like watching Fox News. And now, the noise machine has invaded the rest of the paper - the supposed unbiased "news." It's become just another mouthpiece for the propaganda machine who can't even get their facts right in many cases. Those that rely on the WSJ for making investment decisions are putting themselves at risk as the conflation of investment advice and political bias is a bad mix in general and a sure way to lose money.

Mookie, I have a feeling anything pro-business is a right wing "rag sheet" to you. Does it matter? They simply posted a piece that supports Gates' position.

[mookiemookie]

Originally Posted by Neal Stevens

Mookie, I have a feeling anything pro-business is a right wing "rag sheet" to you. Does it matter? They simply posted a piece that supports Gates' position.

Tsk tsk, Neal... I'm hurt. I prefer to keep my financial news and politics separate. Barrons, the Economist, Business Week and Bloomberg are all pretty good at impratiality while delivering financial and economic news.

I fully agree with your statement about Europe taking a free ride on the U.S. military's dime:



The problem with Gates and this article is that they ignore a large chunk of the defense budget in their $530 bn number. It's not just the Pentagon's budget. It's the other things scattered across the budget...the $19.3 bn for our nuclear weapons program, $53 bn for the National Intelligence program, $6.6 bn for military aid to other countries. It's easy to make your case look good when you ignore large swaths of reality.

I stand by my assertion that the WSJ is nothing more than a political rag sheet anymore, and not a serious financial newspaper.

[Tchocky]

WSJ has pretty good news coverage. Op-Ed pages are entirely skippable.

I don't think that Europe is getting a free ride security-wise from the US. In terms of optional excursions and sandy oil-related adventures, the US is definitely giving some countries a ride.