Posted on 10/25/2007 8:12:27 PM PDT by Philistone
To read the MSM headlines (which I try not to) the falling dollar is the end of the world. Maybe Wall Street should get a Noble Prize for their work in "Global Dollar Cooling". But seriously, what are the effects of a weak dollar?
1) Increased exports. Last month's exports were among the highest on record. Trade deficit? What trade deficit? Boeing, Caterpiller, Microsoft, Apple, etc. all with surges in foreign export sales.
2) Outsourcing? What outsourcing? All of the sudden it becomes cheaper to employ an American technician than one from Bangalore.
3) Cost of living? (I love this part!) Since China has pegged the Yuan to the Dollar, everything we get from China costs exactly the same! Maybe this will convince them to unlink the Yuan. Then we'll REALLY see who's the best producer.
4) Buhh... buhh... buhh... but foreigners will stop buying American Treasuries! What? In order to buy Russian ones? Chinese ones? Venezualian ones? Give me a break.
A weak Dollar equals: more exports, more jobs, more tourists (spending money) and the same or higher standard of living.
Bring it on!
It gets worse. Read on, greed is rational.
Scary! How much money do they make from their ownership of the Fed? Trillions? Do they vote to change our Fed Funds rate?
I'm not surprised that you like articles produced by that left wing organization. Any articles you like from the CPUSA?
Roll that around in your mind for just a minute. What do we normally call the public sector taking anything, especially under the rubric that whatever it is that it's taking belonged to it in the first place?
“There is a party for the guy you spoke of. It is called the Democratic party.”
Well, next time you see him, tell him you think that’s where he belongs.
“There is a place where economic nationalism is still the currency of choice. It is called Africa (or Venezuela, Bolivia, Myanmar, etc.). The “third way” (economic nationalism) leads to the Third World.”
I presume you want and believe in economic freedom?
If you buy $90 in imports and sell your finished product for $150, you've added $60 to GDP.
“I’m not surprised that you like articles produced by that left wing organization. Any articles you like from the CPUSA?”
I figured those would irritate you (lol). Pointing out that Americans losing jobs to China trade does really irritate some.
How’s your CAFTA disaster going? On schedule?
Oops. "The recount showed that 51.2 percent of the 1.57 million voters approved of the pact, while 42.2 percent voted 'no.'"
International Herald Tribune.
Missed it by THAT much!
To whom does China lose jobs?
You shouldn’t post Dem talking points from a think tank that is a virtual arm of the DNC on this website and expect to laugh it off. I’m embarrassed for you.
“42.2 percent voted no”
Yep, that’s ‘almost half’ too. I’m not celebrating. I’m just watching as we waste away. You know my feelings :)
That’s funny....thanks for it.
That’s only “almost half” to a Dem. In political terms, it’s a thrashing.
Nah, nah, don't go there Rudeboy, there is a huge difference between central-planning/socialism and the "economic nationalism" that that Freeper just suggested. That FReeper was is a Conservative and he cannot be impugned.
Hey, who was that that we argued with way back that said he believed in the concept of economic nationalism? It wasn't Willie Green or Paul Ross, it was one of the guys with an Eastern European alias...petronski, ivan-something-or-other, etc; do you remember?
I’m in way too good of a mood today to go there... :) You’ve already re-wrote my words and put them in quote/para view. The downward spriral of intellectual discussion has already begun. Todd showing up, has sent it into a death spiral (LMAO)!
Well, there was A.Pole, but he was a straight-up-and-down Third Way Socialist.
It'd be a disaster if we could import cheaper sugar from the CAFTA nations. If we did that, you might still be able to buy your cheap gumballs.
Math is funny?
lol...everyone’s a dem, and if they aren’t then just send them that way (geeeesh) The future of Conservatism...yikes. :)
What, you don't?
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