Sinking Currency, Sinking Country

World Net Daily ^ | 11/02/07 | Pat Buchanan

[hedgetrimmer]

You think taxes on foreign governments and transnational corporations expand the US economy?

Constitutionally, it would. Constitutionally it would mean that citizens would not have to pay income taxes, just like in the days of our founding. More money in our pockets= improved domestic economy. Isn't that what you "free traders" are always harping? Keeping money in the pockets of citizens? No wait, you say 'consumers', that way the illegals are included.

[Thorin]

You are exactly right. But the free trade ideologues don’t want to be confused with facts.

[Alberta's Child]

"Learning something?" LOL.

Dude -- I could have WRITTEN that article.

As I may have told you before on another thread . . . I've made quite a bit of money in the last couple of years taking the OTHER side of currency trades with the U.S. dollar.

[am452]

The Boeing spokeswoman said Bair, in his speech, was not suggesting the 787 productions system is flawed and should be scrapped, only that it would be better to have the main manufacturing partners together and located near Boeing's final assembly facility

Who is to say the future final assembly plant will be in the US?

[Toddsterpatriot]

You think taxes on foreign governments and transnational corporations expand the US economy?

You think raising the cost of imports doesn't raise the prices that citizens pay? LOL!

[Toddsterpatriot]

But the free trade ideologues don’t want to be confused with facts.

What about the facts in post #29? LOL!

[Thorin]

>>>>Post #29. Over $1 trillion in exports. Some dismemberment. LOL!

Yes, look at all the agricultural products and raw materials we are exporting. Our leading exports to China are agricultural products and raw materials. With many countries, our export profile resembles that of a Third World nation.

[Teacher317]

Almost every sector is growing too, by an average of 2.5 billion over those 5 years. The average percentage increase is over 64%!!

Crude oil is up 548%, fuel oil is up 367%, copper is up 322%, aircraft launching gear and parachutes are up 283%, steelmaking materials are up 267%, electric energy is up 247%, nonferrous metals are up 208%... vessels excluding scrap are down 75%, the biggest percentage loser (but down only 23% over the past 4 years... it was just a good year in 2002, I guess).

The only export areas down by more than a half a billion over the past 5 years are (not surprisingly) tobacco ($600M, or 31%) and household textiles/apparel ($1.21B, or 18%).

[texastoo]

Boeing is already in China. Check out this url. Scroll down to the middle of the page and you will see what China manufactures for the Boeing 737 now. You might check out the paragraph prior to the 737 picture and see what Boeing has to say about China’s airplane industry.

http://www.cfr.org/publication/14399/

[1rudeboy]

Do you have any particular Third World nation (or planet) in mind? Because the numbers I’m looking at indicate exactly the opposite.

[am452]

It helps our domestic economy and helps wean us off our addiction to cheap imported goods.

Most of our everyday consumer goods are made in China. Do you really think US companies will shut down the China plant and bring it back to the US? No way.

They will still sell to the rest of the world with the china plant and we will end up with higher prices. The US is not the only consumer country in the world.

[Toddsterpatriot]

Yes, look at all the agricultural products and raw materials we are exporting.

Those exports don't count? Why?

Our leading exports to China are agricultural products and raw materials.

China is a little more than 5% of our exports.

With many countries, our export profile resembles that of a Third World nation.

Really? Where does one find out the export profile of a Third World nation?

[Toddsterpatriot]

Most of our everyday consumer goods are made in China.

Our economy is nearly $14 trillion. How much are our "everyday consumer goods" worth each year?

[Teacher317]

look at all the agricultural products and raw materials we are exporting... With many countries, our export profile resembles that of a Third World nation.

Sorry to burst your bubble, but if you look at the top exports (in my post #88), 23rd place (fuel oil) is the highest raw material. We're not looking "third world" by any stretch of the imagination.

And why should we force our export profile to every individual country to follow some specific paradigm? Should we export fewer planes to Poland and less grain to Japan, just to make it look more "balanced" by some foolish notion of an "ideal" export profile??

[1rudeboy]

Most of our everyday consumer goods are made in China.

That must come as a shock to the folks at Procter & Gamble.

[Teacher317]

You think raising the cost of imports doesn't raise the prices that citizens pay? LOL!

Yeah, what a shame! Domestic alternatives might start looking more attractive! We should nip that in the bud right now!!

[fweingart]

A strong dollar, on the other hand does nothing but gratify the egos of Know Nothing dinosaurs like Buchanan.

Right-O,

Only imbeciles would want to have a strong dollar.

Meanwhile, because we haven't a strong dollar, the Saudis want to make certain that as our dollar sinks their revenues stay well up there. Hence, $100.00/bbl oil.

Not to worry about the sinking dollar as our government will just print a carload or two more.

A weak dollar is good for our economy? Hardly.

As far as weaning us off cheap Chinese goods, it will never happen in two lifetimes hence due to the fact that our manufacturing expertise is spread througout the world and we couldn't manufacture (in large quantities) shoestrings.

Economies are like chessmen. We gave away our last rank first.

[fweingart]

...Buchanan-haters should just avoid his threads rather than feel obligated to post nonsense to contradict him.

Bullseye!

Globalists hate Pat!

[MNJohnnie]

I would think even the Dincons, as economically ignorant as they all are, would realize the utter stupidity of repeating the same ignorant arguments about the Chinese now that they were making about the Japanese during the 1980s. I know Free Market Capitalism totally baffles the Dinocons but even they should be smart enough not to cling to the same absurd arguments now that turned out to be so completely fraudulent 20+ years ago.

Here are some numbers for the Dinocons to chew on. Just the rate of growth of the US Economy in an average year is about 1/4 the entire Chinese GDP. The annual US Economy is about 4 times as large as Japans and about 5 times as large as China’s. Japan’s Economy has been stuck in a European style stagnation for over a decade while China’s has probably peaked since future growth is going to require political changes the Chinese Commies are just not going to make.

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

[hedgetrimmer]

I don't know much about her corruption,

LOL, of course you do. "free traders" know their friends in Congress. They put them there.