Posted on 07/05/2006 7:33:33 PM PDT by Halfmanhalfamazing
Which is why I avoid these threads like the plague. In fact, this is the first NAU-related thread I've posted on. It just gets old after a while, the name-calling, the "You're a Bushbot! Tinfoil alert! Tancredo/Buchanan is behind this! Nyah-nyah..."
Thanks, I will try this one :)
Talk about crashing the American economy for decades to come.
LOL
Good luck :)
Why is the EU such a failure economically? Because the EU opened up their borders and allowed open immigration of people who are historically not highly productive.
The same trend is being attempted in the US with the open border, non enforcement of the laws. Bringing in people who are uneducated and have not routinely had access to good preventive medical care is driving up the cost of social welfare programs. At the same time, they are bringing down the average wage of American Citizens who are having to dig deeper with taxes to pay for the social welfare state. If allowed to continue, our productivity will decline comparable to that of the EU.
This is not a conspiracy. This is a fact. There is nothing that can convince me that abandoning our sovergnity as a nation is a good move. This whole North American Union is a disaster waiting to happen. There is nothing silly about a disaster in the making.
So what if we import more than we export. We consume most of what we produce that is why we need to import a lot. We are the world biggest producer and consumer and that is why the whole world economy greatly depends on us. We are the WORLD.
If you avoid these threads like a plague, you sure have been posting a lot of sheeple rhetoric.
Have you seen the illegal immigrants in EU? The vast majority of them live in absolute poverty and they do not have any real benefit from the social welfare program in the EU. The EU is failing because they adopted a socialist regime where people in general are less productive and the productive among them are taxed to death so they can support the no productive.
Does a serious nation run a $850 billion dollar capital account surplus? You do realize that in recent history our trade deficit narrows only during economic downturns. The last trade surplus we had was during a recession.
As for exporting all our manufacturing....Did you miss this discussion?
The slight increase left orders at a seasonally adjusted $399.9 billion in May.
Annualized, that is $4.8 trillion a year in manufactured goods. Our manufacturing sector alone is larger than the total GDP of every other country, except Japan ($5.1 trillion) and with our solid GDP growth we'll surpass them very soon. You see, Japan's economy has been sucking wind for more than 15 years now.....but they do have a trade surplus! LOL!!
LOL Bring on those 850 billion dollar trade deficits, BABY!!!! Do you run up your credit cards in a similar way? Do you maintain a balance of $50,000 on them so that credit card companies are always getting interest payments from you? Well, that's what we do internationally. We buy all kinds of Chinese/Asian manufacturers and we put it on our charge card. We pay interest on this debt. The interest is paid to foreigners. A serious industrialized nation doesn't do this. Japan doesn't do this nor does Germany. And they import more oil/energy than we do
Our oil imports are a growing part of our trade deficit
We are the world biggest producer and consumer and that is why the whole world economy greatly depends on us. We are the WORLD.
File that remark under the USA is an importing super power. A super power in running up debt to the Chinese and other foreigners
I like what another conservative at Human Events (John Hawkins) had to say about Jerome Corsi and the supposed NAU. This also applies to unprincipled little opportunist named Dobbs.
1) We're building a freeway!
2) The "Building a North American Community" report, which was produced by a Council of Foreign Relations-sponsored task force, not the US government. Let me make sure everyone is getting this. The "Building a North American Community" report is not US government policy, it's just a report produced by a think tank-sponsored task force.
3) The fact that President Bush, Vicente Fox, and Paul Martin met back in 2005 and pledged to try to cooperate more in a meeting so nefarious & secret that you can read the transcript of their press conference afterwards on the Wapo.
NASCO Myths Debunked (pdf)
The credit card analysis is stupid. Whether we import or we export Americans are making money and getting jobs. Again you cannot dispute the facts of low unemployment and very good GDP growth, the best standards of living in the world, and of course the largest, most advanced, and most technological economy on the planet. You can twist and spin it and use all the silly analogies that you want, but these four economic facts are what really matter.
Please do not use facts, we only need emotional outbursts here :)
Yeah, that or they'll ban or suspend the poster. Like in this case.
Maybe you can finally explain to jveritas and me how a trade deficit creates debt. If I buy a DVD player made in Japan at Best Buy with cash, I am contributing to the current account deficit but no debt is being created for anyone involved. If I charge it on my Citibank Visa card, don't I owe that money to Citibank and not Japan? Didn't Citibank lend it to me?
A serious industrialized nation doesn't do this. Japan doesn't do this nor does Germany.
LOL. Japan's external debt is 170% of their annual GDP - almost three times more than ours. Germany has no GDP growth and 12% unemployment. Whatever are you talking about?
Coming soon to a neighborhood near you . . . your local saviors from yourself . . . courtesy of Shrillery et al and their Machiavellian Marxist globalist ghestapo implementing the 10 regions of the globe predicted 2,000 years ago . . . all the better to make global management of reducing the world's population to 500,000,000 all the easier. Seig Heil.
/sar
or is it.
Yep 12% unemployment rate is so great as long as we export more than import. Lower standards of living is great as long as we export more than import. A GDP growth of 0.5% is great as long as export more than import. Buying things with higher cost is great as long as we export more than import. Being taxed more is great as long as export more than import. LOL... :) As I said before facts means absolutely nothing to some people, it is just about emotions.
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