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!
Toddster. What a silly name.
You are mistaken. The death-spiral begins on economic threads begins whenever someone posts nonsense like “the private sector has hijacked the economy,” to the silence of those that post material from EPI essentially supporting the same conclusion.
That was him! What happened to that guy?
And that was with 59.2% of the eligible voters participating, so it was a real slap to the head. I’m not one of those “consensus” types, either, if I was I’d be a Democrat.
Yes, math, accounting, statistics, it’s all funny. Especially when free traders work with them.
You prefer the numbers generated by the union guys at EPI. LOL!
Banned. For mopery, no doubt.
Well, for the record, it was the gentleman who started the thread that provided us with the EPI source. I just exploited its contents for humor :)
I have, but only when he is insistently stubborn on his economic nationalism/socialism. If he seems flexible, I will plead my case for economic freedom.
I presume you want and believe in economic freedom?
I do. It has been great for my family and a boon to the nation as a whole. Most of the regions of the country that are booming would not be booming as much if it weren't for foreign investment.
It is funny that you agreed with EPI.
Good for you. I was hoping that you are familiar with the organization.
1980s: "The Japanese er takin' er JAHBS!"
1990s: "The Mexicans er takin' er JAHBS!"
200s: "The Chinese er takin' er JAHBS!"
“the private sector has hijacked the economy”
I saw that and didn’t comment. I knew it was a mud-hole. You know me well enough to know I care most about the policies, rather than pointing fingers so much at the companies. They simply work within whatever legislative boundaries we allow them. Assuming “we” to be “the people” via our elected officials.
I do NOT consider GWB’s signature on NAFTA treaty documents to override our Constitution.
I presume you want and believe in economic freedom?
And you don't?
I appreciated their pointing out US job loss. I didn’t have a problem with that at all.
Bull crap. Buy American and there is no difference. Other than oil, no biggie.
Hello. I’m sorry, I missed your post.
It’s a loaded question. I can provide links to previous threads, but I ain’t beating that dead horse again. It depends on what definition of freedom someone is trying to use. As it relates to Economic “Degrees of Freedom”, then it’s cool-aid, and I ain’t drinking it.
We've lost so many jobs that we now have 146,257,000 employed in America, an all time high.
I can't believe anyone at FreeRepublic would actually try to compare the standard of living here in the USA to that of other countries and state that the USA is becoming poorer. We are light years away from almost every country in the world. If your life sucks, do something about other than complaining and trashing the USA.
GWB didn't sign NAFTA. NAFTA doesn't override our Constitution.
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