WHO PROFITS AS THE DOW FALLS?

The Dow Jones Industrial average fell again today by over 170 points; it is down about 1000 points in less than one month. Announcements of possible lower earnings by Walmart and Home Depot affected the overall market yesterday.

Home Depot is just another group that the Carlyle Group is trying to acquire. Because of the lower predicted earnings of Home Depot, their stock prices will probably fall. It will be ripe for the picking by the Carlyle Group. The Carlyle Group is one of the big firms that continue to profit while many average Americans lose their homes, pensions, and health insurance.

George Bush Sr. was an Advisor to the Carlyle Group until 2003. George Bush Jr. was also once on the board. The Bin Laden family had holdings in this company, but they sold their interests in it after the September 11th event.

In another event that affects the economy, Mattel announced another recall of toys made in China. While Mattel says that they will increase their inspections during production, inspections of future products cannot protect Mattel's profits from the avalanche of recalled products.

News reports explain that China is making so much money from goods that it sells to America, that they can afford to buy the bonds that the United States government sells to prop up our economy. If we threaten trade sanctions, China may threaten to sell our bonds. Why do we allow other nations to control the value of our dollar and our economy? If we aren't careful, one day the dwindling number of products that are currently inscribed: "Made in the USA" may read: "Made in China".

See: Carlyle Group

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Mattel Issues New Recall of Toys Made in China

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