Posted on 02/18/2005 9:55:18 AM PST by Willie Green
Hmmmmm... Uganda's Trade Deficit isn't as bad as ours, either.
It only sucks out 2.36% of their GDP.
Ours is hemorrhaging at a staggering 5.19% of our GDP.
Crap. We're worse the stinkin' Uganda for cripes sake.
Have you considered relocation?
(Someone should mention to him that recessions will do that. If you want a really big trade surplus, try a depression --- like in the 1930s.)
When was it, 1984 we signed the Nafta? I've never looked back since, and I don't intend to.
Lowered dollar is good for us, You'll see. Canadians were awfull ticked when their dollar fell too, but look at them whine now that its on the rise.
The decrease dollar gives us a good kick in the export sector.
Again, communism sucks, and thats the slope you are on if you think tariffs to force you to "buy American" are good.
Russia does that. What color Lada do you want, red white, or blue?
I'm not confusing them at all.
Foreign nation's use the money they recieve from our Trade Deficit to purchase the debt issued by our Treasury to finance our government's deficit spending and National Debt. This means that you, as a taxpayer, pay interest to the governments of foreign nations to subsidize "cheap" imports.
There's no need. Dubya's aggressively importing Third World conditions to America. I can just sit tight and let it come to me.
There was alot of money lost in those days. It could happen again too, by the looks of all the graphs and charts etc. The difference is, the consumer drives the economy, not charts and graphs, and we have a strong consumer market going on right now, it's created it's own monster. That was missing in the late 70's and early 80's. I think we are going to consume right past this bubble.
Don't hold your breath!
Willie, our trade 'deficit' is caused by high consumer activity. The DEMAND for goods are high, and the money is spent on these goods as the come in. In otherwords, it's a record of money spent. Our money.
Yes, they have sold us stuff. And now they have some money to spend as well. All that money isn't in the hands of some foriegn nation's government, it's in the hands of various companies who operate in that Nation. Our national Debt is drawn from the world bank, another beast WE created.
That sounds so silly to think that forgign governments, broke as hell themselves borrowing from the world bank, own "treasury bonds" Maybe Bush should borrow more from the world bank and buy up their massive debts and we can stale mate them. LMAO!
To: Nathaniel Fischer
You are conveniently forgetting to mention that when imports (which are subtracted from GDP) are purchased, the value of the purchase is ADDED to consumption in GDP, so in the net there is no loss to GDP.Production creates wealth.
Consumption diminishes wealth.If you produce more than you consume, you get wealthy.
If you consume more than you produce, you go broke.What don't you understand about that?
105 posted on 02/18/2005 11:40:34 AM PST by Willie Green (Go Pat Go!!!)
Dude, I already addressed your obsession with consumer worship.
Please don't keep repeating infinite variations of the same question when you don't bother responding to the questions I ask of YOU.
We send out MONEY for what we consume, which we either print or borrow from the country we trade with [that means we don't have it, which means DEFICIT]
Worry when it hits 12%. We got a long ways to go before we hit hard times.
No, we spend available income to stoke our trade deficit.
Do you print money in your basement? I'd never admit that.
If you go buy a cheap electronic good made in china, you stoke the trade deficit. Same thing for Dutch choclate. It's disposable income YOU spend, not the government.
I as an "importer", buy stuff from the salesman for that company, who happens to be in say, S. Korea.
I don't run to Bush and ask him to print me money. I have it, and that means, NO DEFICIT. Just because business' around the nation import things, doesn't mean we all get the money from GW, and add to some debt fund.
Just the same however, those count as goods we import as a nation. Trade deficit means we import (because we have money to spend) more than we export. We also buy goods made right here in the USA, at 3 times the rate we spend on imported goods.
You are chasing paper dragons.
It's you that can't understand things, and over simplify what a deficit trade is. But you are trying to say, is that our total exports are our total wealth , and our total imports are our total wealth spent, and then some. That, is wrong. Our exports are only PART of the wealth we earn as a nation, you forget to add what our 300 million strong economy spends and generates from within.
I go into Wal Mart and see a lot of people who can only afford cheap items and made in China items. It is not a sign of wealth that so many can only afford cheap Chinese imports. Go into a Harbor Freight Tools store sometime for some real fun. I would not be surprised if the PLA or some other ChiCom entity owns them
"What you are trying to say..."
China will keep accepting our paper as long as they can buy out IBM's PC business. Maybe they could even invest in Wall Street that sure would jack up our corporate values.
..explain economics to liberals. Its like trying to explain sex to virgins...OUCH! That's gonna leave a mark.
How would you know what people can and cannot afford simply by watching them shop at Wal Mart? I often go to Wal-Mart in my t- shirt and scruffy jeans when I need something, but I'm far from being poor. As for buying tools, I buy expensive tools of good quality, (snap-on) but for all I know they could be made in china. You wouldn't know it from the price though. Same as Mac or craftsman tools.
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