To: Southack
It's a crying shame that I have to repeat myself, as you obviously didn't comprehend what I said the first time...but dropping the value of the U.S. Dollar only impacts 4% of our GDP.
Why that is the best news that I have heard thus far. Lets just crank open those printing presses and give every American citizen a $1,000,000,000.00 to invest. Our GDP will drop by 4%; but, who cares, we are all going to sit on our tails and make brilliant investment decisions like our true blue blooded capitalist.
Economics 101 would argue that a drop in the dollar means inflation and increased funding costs; but heck if our globalist are willing to send me a check, then I am just going to have to cash it. ...Oh BTW, if our imports are SOoooo insignificant then why don't we just seal the borders and make everyone happy? It is just 4% right?!?!
220 posted on
04/10/2004 3:49:15 PM PDT by
ARCADIA
(Abuse of power comes as no surprise)
To: ARCADIA
"Lets just crank open those printing presses and give every American citizen a $1,000,000,000.00 to invest. Our GDP will drop by 4%" ... Oh BTW, if our imports are SOoooo insignificant then why don't we just seal the borders and make everyone happy? It is just 4% right?!?!"Lets get the numbers right. Our total imports are 9.5% of our GDP. Our total exports are 5.5% of our GDP. There is a 4% trade imbalance.
Changing the foreign exchange value of the Dollar affects, after the dust settles, that 4% imbalance. Drop the Dollar by 20%, and it impacts 20% of 4%, or a total of only .8% of our GDP.
Those are the relevant numbers and basic math. No need to argue about them, as they are just facts.
222 posted on
04/10/2004 4:01:30 PM PDT by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: ARCADIA
[Southack:] dropping the value of the U.S. Dollar only impacts 4% of our GDP.
[ARCADIA:] Oh BTW, if our imports are SOoooo insignificant then why don't we just seal the borders and make everyone happy? It is just 4% right?!?! Are you treating freetraders with logic?! Not fair.
335 posted on
04/11/2004 12:11:19 AM PDT by
A. Pole
(<SARCASM> The genocide of Albanians was stopped in its tracks before it began.</S>)
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