An index of American decline

World Net Daily ^ | Feb. 23, 2004 | Patrick Buchanan

[dennisw]

In don't waste my time anymore reading such nonsense, trying to sooth us and explain away our huge trade deficits. I know a trade deficit and a Federal deficit when I see one. Both are about 500 billion per annum.

[Happy2BMe]

"If you don't like it, why not leave?"

You've heard about 2nd Amendment rights and "cold dead fingers," have you not?

[LowCountryJoe]

...Get real you idiot isolationists - how selfish you are lamenting your or our losses while there is a world out there that can and should be reached - with money, health, education and you scream like little selfish punks...

While I agree with your position whole heartedly, what happened to the other tenent of Christianity, "Love thy neighbor"? Did you get nothing out of yesterday's Gospel reading from Luke?

[Liberty Valance]

Wow, i think you hit a nerve with that post. Good for you...I agree.


W'04

[1rudeboy]

Share your own kids' future with the third world please. Leave ours out of your strange wishes.

Build the moat, for the chilrun'!

[dennisw]

OK.... I scanned it real quick. Nothing new there for me. Same old jive that our trade deficits are not a problem.

[LowCountryJoe]

MAJOR IMPORTS: Marijuna, cocaine, heroine, AIDS, Mad Cow Disease, Bird Flu, and migrant workers and terrorism.

What, no Monkey Pox or SARS?

[Cacique]

I normally think of Pat Buchanan as an anti semitic bafoon. But on this isssue he is right. Pity the message will not get too far because of the messenger.

[1rudeboy]

Sure I have, it's why I'm here. You have faith too, otherwise you would've left already.

[neutrino]

Good article. It's too bad the free-traders won't bother to read it before they start howling about the many benefits of exporting jobs.

[Dane]

Good article. It's too bad the free-traders won't bother to read it before they start howling about the many benefits of exporting jobs.

Huh, JMO, the closed market that Buchanan promotes doesn't seem to work.

Sorry I don't want to be eating bark off of trees like they do in that closed market paradise called North Korea.

[dennisw]

Two kinds of people in the world, what can I do for me folks, and the what can I do for others today folks. Free trade, global economy, exporting capitalism is Good, Right, Loving, Unselfish, and something Jesus would want us to do and I believe He commands us to do.

What does Jesus and the Bible say about "a borrower nor lender be"? We borrow 500 billion from foreigners each year to bring in imported products. America is doing a lot more buying than selling abroad and charging it to a red hot credit card.

[LowCountryJoe]

You didn't read the very last part of it did you? BTW, how do you respond to post #16?

[spunkets]

"the sole came off"

Buy Danner.

[Cronos]

BTW, the worst pair of shoes I owned were "Made in the USA," lasted three months (the sole came off the right shoe about halfway through a five-mile run), and cost about double what my made-in-China shoes I've worn the past 18 months did.

WEre those at the same price as the made-in-China stuff? I dunno, when I buy quality American merchandise, it lasts, but it also costs more to buy -- though it does cost less in the long term.....

[dennisw]

Increasing our rate of saving will reduce the need for capital imports and, correspondingly, will have a positive effect on our trade balance.
________

I agree with the above and this is what the Japanese, Koreans, Taiwanese practice. On post #16 you make good points but none of them change the fact that huge trade deficits are bad and will come back to haunt us. The haunting is in the early stages with the Euro being preferred to the dollar as the reserve currency of choice. By the declining dollar with corresponding rise in gold and oil prices. Your price today ($1.65) at the gasoline pump is an early warning

[LowCountryJoe]

What does Jesus and the Bible say about "a borrower nor lender be"? We borrow 500 billion from foreigners each year to bring in imported products. America is doing a lot more buying than selling abroad and charging it to a red hot credit card.

You've got to be a hypocrite on this one. You've never financed a house or an automobile? Do you even realize that chances are if you're financing a home, there's a foreigner on the other end lending you the money in the form of a purchased mortgaged backed bond. You didn't know that did you? Maybe you should take the time to read that weblink that I offered. Read it carefully too so that you don't miss an opportunity to expand your base of knowledge.

[dennisw]

What does Jesus and the Bible say about "a borrower nor lender be"? We borrow 500 billion from foreigners each year to bring in imported products. America is doing a lot more buying than selling abroad and charging it to a red hot credit card.

You've got to be a hypocrite on this one. You've never financed a house or an automobile?

Rational financing (borrowing) is good.
Where when and how do you think we will pay back these trade deficits? Which cumulatively are in the 3-4 trillion dollar range? Your house will be paid off in 20-30 years and your car, 5 at the most. People love it when the mortgage is paid off and some burn it at a party. They are finally off the hook and debt free. This is not how the American nation is behaving when it comes to trade deficits

[Happy2BMe]

"I've always be tempted to write this, but never here."

I'm hoping it will NOT be the case, but Bush may be a day late and a dollar short in attacking the one issue that permeates this entire nation - THE IMMIGRATION DISASTER.

Wake Up And Smell The Coffee - THE GOP IS MAD AS HELL OVER THE MIGRANT INVASION!

Wake Up And Smell The Coffee - THE GOP IS MAD AS HELL OVER THE MIGRANT INVASION!

[LowCountryJoe]

By the declining dollar with corresponding rise in gold and oil prices. Your price today ($1.65) at the gasoline pump is an early warning.

The Chinese fix their currency to ours and do not allow it to float. I believe that the exchange rate is 8.4 of their Remimbi [spelling?] to our dollar. We've been wanting them to have their currency float for a long time now because they cut into our export markets through an artificial undervaluing - some estimate it to be 40% undervalued. Could it be that we have an unofficial policy to deliberately weaken the dollar so that the Chinese have to pay more for the items that they import? I don't know what's going on but I'm sure that it's more than meets they eye.