Mr. Hawkins said:
"This [large trade deficit] is a situation usually associated with underdeveloped countries on the brink of financial collapse."
THAT is a FALSE STATEMENT, rather easily disproved.
And Mr. Hawkins also said:
"The Bush Administration is ideologically opposed to doing anything about the deteriorating international situation."
THEREBY exposing his own ideological "agenda" -- since the recent decline in the dollar is hardly a secret.
So, what you're pushing here, Willie, is "Junk Economics".
Maybe you need to spend a few days enjoying the economies of such "Workers' Paradises" as Germany and Japan.
Oh? What's that? High unemployment and economic recessions do NOT fit your definition of "workers' paradise"?
Well, then...
Back to the "ole drawing board" for you, eh?
Mr. Hawkins said: "This [large trade deficit] is a situation usually associated with underdeveloped countries on the brink of financial collapse."
THAT is a FALSE STATEMENT, rather easily disproved.
Uganda Trade Deficit Swells
And We have the SAME amount of Public Debt! 62% of GDP !!!
(Okay, Uganda's debt situation is a little better than ours.
Theirs is actually 62.2% and ours is 62.4%
So why quibble over a mere 0.2%???))