Posted on 11/04/2004 3:04:40 PM PST by CitadelArmyJag
As I can’t find any good articles on this subject, I am turning to my fellow Freepers for your thoughts and comments regarding our future economic standing in the world, as it specifically pertains to the following issues: With the reelection of President Bush, and a republican majority in the house and senate, US economic and trade policies will continue to be typified by conservative policies that facilitate laissez-faire, free-market capitalism, etc. We know this much. HOWEVER, with the maturation of the European Union, and with the prospect of N.A.F.T.A. being extended into the hemispheric Free Trade Area of the Americas, as has been proposed by President Bush tentatively for 2005, where will our economy stand internationally in the future. I studied in Europe 4 years ago when the Euro was valued at 87% of the U.S. dollar, and I enjoyed this 13% “European Discount.” What are the prospects of an increased value of the Dollar vs. the Euro in the near future? And conversely, will the value of the Euro falter as the E.U. embraces socialist economic policies and admits developing nations. I would so love to see the EU crash and burn. Aside from relevant comments, please post any good articles or threads that you may encounter. GO BUSH!
Unemployment is already in double-digits for France, Germany and Spain. Especially in Germany, socialist policies are to blame for much of that. That's not going to help the EU economy at all. (sniffle-sniffle)
A somewhat weak dollar is good for the US, bad for Europe because of trade. The price is good right now for the US and the Euro's are freaking out.
But I agree with the original sentiment, not to bolster the U.S. position, but because the EU was such a massively bad idea in the first place. Having it crash and burn, rather than die a lingering death, will be a lesson to others.
Beat me to it! Europe still exists in a Aristocratic-Proletariat dualistic relationship that is somewhat accepted by both sides. It's future will be reactionary for the next 10 to 15 years.
I dont know... It just doesnt seem like a good thing to have a weak dollar. This just came up on Drudge.
“People are not just looking at simply the next few months for the dollar, they're looking more broadly at a decline over the next few years,” said Tony Norfield, global head of currency strategy at ABN Amro.
The greenback's weakness was also attributed to the re-election of President George W. Bush. Since the start of Mr Bush's first term the dollar has fallen 20.8 per cent in trade-weighted terms and observers do not expect a change in dollar policy in his second term.”
http://news.ft.com/cms/s/a67665a0-2e8d-11d9-97e3-00000e2511c8.html
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