Posted on 11/02/2007 5:23:12 AM PDT by Thorin
The euro, worth 83 cents in the early George W. Bush years, is at $1.45.
The British pound is back up over $2, the highest level since the Carter era. The Canadian dollar, which used to be worth 65 cents, is worth more than the U.S. dollar for the first time in half a century.
Oil is over $90 a barrel. Gold, down to $260 an ounce not so long ago, has hit $800.
Have gold, silver, oil, the euro, the pound and the Canadian dollar all suddenly soared in value in just a few years?
Nope. The dollar has plummeted in value, more so in Bush's term than during any comparable period of U.S. history. Indeed, Bush is presiding over a worldwide abandonment of the American dollar.
Is it all Bush's fault? Nope.
The dollar is plunging because America has been living beyond her means, borrowing $2 billion a day from foreign nations to maintain her standard of living and to sustain the American Imperium.
(Excerpt) Read more at worldnetdaily.com ...
If a weak currency is good for a nation, perhaps we should emulate Indonesia... and make our dollar trade at 13,000 ‘dollars’ per euro.
Then our currency would REALLY be good.
A weak dollar is good for exporters, and bad for importers. So it's a mixed bag. It also allows foreigners more purchasing power over your assets, etc. In fact in some ways a weak, and weaker, dollar can be quite harmful to the economy.
China recently announced, they are forming a national aerospace project to compete with Airbus and Boeing.
They’ll do it.
We of course will do nothing to protect that industry anymore than we do any other... Eventually our aerospace industry will also be exported.
Then what?
Theyll do it.
We of course will do nothing to protect that industry anymore than we do any other... Eventually our aerospace industry will also be exported.
China makes an announcement and you already have Boeing closing it's doors unless the US government starts dictating who buys what and for how much. You must be new here. Are you a union member by any chance?
What dog do you have in the globalization hunt?
Do you work at Walmart?
How?
It turns out I am working for a rather important 787 contractor.
We are on pace to export 1.16 trillion dollars worth of goods and services this year.
What have we got to export anymore?
Just a little over $1 trillion last year. Hardly worth counting. LOL!
U.S. Exports to World (Total)
|
End-Use Code | Value 2002 | Value 2003 | Value 2004 | Value 2005 | Value 2006 |
---|---|---|---|---|---|
(00000) Wheat | 3,771,920 | 4,002,455 | 5,191,779 | 4,416,027 | 4,277,103 |
(00010) Rice | 832,936 | 1,077,760 | 1,223,738 | 1,337,714 | 1,355,253 |
(00100) Soybeans | 5,806,179 | 8,047,048 | 6,894,715 | 6,626,555 | 7,275,892 |
(00110) Oilseeds, food oils | 1,317,380 | 1,419,363 | 1,273,706 | 1,190,935 | 1,317,680 |
(00200) Corn | 5,784,028 | 5,750,589 | 6,926,461 | 5,824,420 | 8,269,286 |
(00210) Sorghum, barley, oats | 674,758 | 677,489 | 611,091 | 628,355 | 685,877 |
(00220) Animal feeds, n.e.c. | 3,298,763 | 3,297,751 | 3,115,922 | 3,387,722 | 3,804,049 |
(00300) Meat, poultry, etc. | 7,002,732 | 7,873,236 | 5,671,895 | 7,206,280 | 7,862,701 |
(00310) Dairy products and eggs | 714,816 | 744,458 | 1,167,111 | 1,299,418 | 1,491,898 |
(00320) Fruits, frozen juices | 4,038,150 | 4,295,114 | 4,533,462 | 4,996,914 | 5,561,085 |
(00330) Vegetables | 2,900,539 | 2,965,801 | 3,189,490 | 3,509,842 | 3,846,197 |
(00340) Nuts | 1,657,332 | 1,891,211 | 2,365,554 | 3,043,642 | 3,227,156 |
(00350) Bakery products | 2,020,889 | 2,255,755 | 2,467,241 | 2,696,155 | 3,003,394 |
(00360) Other foods | 4,482,548 | 4,906,768 | 5,340,365 | 5,872,533 | 6,584,793 |
(00370) Wine and related products | 726,766 | 817,565 | 984,623 | 912,592 | 1,093,913 |
(01000) Fish and shellfish | 3,197,235 | 3,363,283 | 3,823,237 | 4,207,720 | 4,350,247 |
(01010) Alcoholic beverages, excluding wine | 627,135 | 681,029 | 777,286 | 821,174 | 958,040 |
(01020) Nonagricultural foods, etc. | 761,472 | 959,336 | 1,011,988 | 977,358 | 1,044,079 |
(10000) Cotton, raw | 2,066,878 | 3,388,982 | 4,279,556 | 3,933,122 | 4,514,984 |
(10100) Tobacco, unmanufactured | 1,058,963 | 1,025,809 | 1,041,246 | 983,722 | 1,133,905 |
(10120) Hides and skins | 1,751,470 | 1,793,603 | 1,757,782 | 1,787,883 | 2,054,917 |
(10130) Agric. industry-unmanufactured | 1,173,376 | 1,255,510 | 1,468,907 | 1,401,808 | 1,575,829 |
(10140) Agric. farming-unmanufactured | 1,544,415 | 1,731,381 | 1,610,260 | 1,833,043 | 1,849,933 |
(10150) Agriculture-manufactured, other | 1,617,726 | 1,377,403 | 1,510,523 | 1,651,371 | 1,734,142 |
(11010) Metallurgical grade coal | 1,024,080 | 1,014,289 | 1,760,238 | 2,385,524 | 2,559,063 |
(11020) Coal and fuels, other | 898,318 | 788,371 | 1,206,042 | 1,329,221 | 1,331,295 |
(11100) Crude oil | 87,556 | 128,282 | 308,194 | 551,652 | 567,008 |
(11110) Fuel oil | 2,583,998 | 3,117,433 | 4,353,770 | 6,932,607 | 12,070,290 |
(11120) Petroleum products, other | 6,978,589 | 8,633,021 | 11,583,088 | 14,104,621 | 17,347,478 |
(11130) Natural gas liquids | 687,884 | 814,265 | 836,838 | 1,075,494 | 1,625,140 |
(11200) Gas-natural | 995,442 | 1,399,765 | 2,125,663 | 3,109,833 | 2,243,303 |
(11300) Nuclear fuel materials | 1,510,512 | 1,570,651 | 1,631,283 | 1,619,190 | 1,827,438 |
(11400) Electric energy | 303,047 | 755,696 | 828,855 | 1,046,509 | 1,051,985 |
(12000) Steelmaking materials | 1,863,503 | 2,607,012 | 4,014,104 | 5,991,623 | 6,838,801 |
(12100) Iron and steel mill products | 3,219,083 | 4,176,506 | 5,208,393 | 6,917,987 | 7,283,742 |
(12110) Iron and steel products, other | 2,768,597 | 2,905,047 | 3,636,622 | 4,351,229 | 5,155,405 |
(12200) Aluminum and alumina | 2,947,824 | 3,032,119 | 3,992,337 | 5,191,121 | 7,292,147 |
(12210) Copper | 1,112,520 | 1,510,815 | 2,002,919 | 2,356,484 | 4,699,934 |
(12260) Nonmonetary gold | 3,356,634 | 4,790,354 | 4,449,217 | 5,548,806 | 8,755,920 |
(12270) Precious metals, other | 2,560,780 | 2,144,607 | 2,758,099 | 3,175,711 | 7,041,621 |
(12290) Nonferrous metals, other | 2,148,428 | 2,464,242 | 3,053,412 | 4,523,315 | 6,609,065 |
(12300) Finished metal shapes | 8,728,448 | 8,948,222 | 9,964,894 | 11,405,809 | 13,932,951 |
(12420) Pulpwood and woodpulp | 4,051,462 | 4,259,100 | 4,696,567 | 5,272,294 | 5,903,241 |
(12430) Newsprint | 8,160,275 | 8,554,129 | 9,274,785 | 9,862,581 | 10,556,635 |
(12500) Plastic materials | 14,104,243 | 15,407,108 | 21,656,550 | 24,793,298 | 27,873,376 |
(12510) Chemicals-fertilizers | 3,924,528 | 4,105,064 | 4,744,018 | 5,197,329 | 5,280,861 |
(12530) Chemicals-inorganic | 3,929,179 | 3,930,315 | 4,423,922 | 5,880,332 | 6,663,746 |
(12540) Chemicals-organic | 14,631,857 | 17,633,336 | 22,187,353 | 23,377,062 | 26,971,487 |
(12550) Chemicals-other | 13,238,295 | 14,443,025 | 15,609,108 | 16,721,139 | 18,521,381 |
(12600) Cotton fiber cloth | 2,728,651 | 2,788,335 | 3,264,766 | 3,232,897 | 3,132,042 |
(12620) Manmade cloth | 4,894,813 | 5,048,515 | 5,550,833 | 5,686,350 | 5,765,167 |
(12630) Hair, waste materials | 429,684 | 447,027 | 493,439 | 483,543 | 552,150 |
(12640) Finished textile supplies | 2,248,350 | 2,196,564 | 2,321,442 | 2,377,417 | 2,541,374 |
(12650) Leather and furs | 840,316 | 866,753 | 1,193,579 | 1,095,540 | 1,051,998 |
(12700) Synthetic rubber-primary | 1,675,484 | 1,852,549 | 2,218,021 | 2,694,877 | 3,185,546 |
(12720) Nonmetallic minerals | 416,415 | 427,349 | 488,635 | 488,854 | 605,994 |
(12750) Industrial rubber products | 2,190,650 | 2,199,254 | 2,452,514 | 2,585,845 | 2,923,854 |
(12760) Mineral supplies-manufactured | 3,093,482 | 3,307,186 | 3,670,944 | 3,751,497 | 4,502,639 |
(12765) Tapes, audio and visual | 1,203,833 | 1,346,509 | 1,620,300 | 2,014,146 | 1,795,704 |
(12770) Other industrial supplies | 14,477,266 | 15,049,554 | 13,757,853 | 14,793,038 | 16,363,223 |
(13100) Logs and lumber | 3,568,646 | 3,675,962 | 4,213,673 | 4,332,968 | 4,593,107 |
(13110) Wood supplies, manufactured | 875,807 | 911,252 | 1,028,197 | 1,074,196 | 1,220,776 |
(13200) Glass-plate, sheet, etc. | 977,598 | 979,685 | 1,088,950 | 1,141,029 | 1,278,636 |
(13210) Shingles, molding, wallboard | 1,891,071 | 1,961,770 | 2,284,145 | 2,637,272 | 3,016,416 |
(13220) Nontextile floor tiles | 297,270 | 300,613 | 337,797 | 377,329 | 414,304 |
(20000) Generators, accessories | 6,171,391 | 6,286,538 | 7,028,809 | 7,613,908 | 9,464,756 |
(20005) Electric apparatus | 21,373,353 | 21,158,082 | 24,231,365 | 25,674,197 | 29,748,335 |
(21000) Drilling & oilfield equipment | 6,562,205 | 6,066,973 | 6,869,681 | 8,153,668 | 10,778,601 |
(21010) Specialized mining | 384,423 | 419,075 | 544,473 | 634,938 | 838,010 |
(21030) Excavating machinery | 4,986,166 | 5,284,702 | 6,657,603 | 8,812,827 | 9,866,450 |
(21040) Nonfarm tractors and parts | 960,239 | 1,063,017 | 1,439,904 | 1,382,445 | 1,858,428 |
(21100) Industrial engines | 11,601,418 | 11,690,670 | 13,511,204 | 14,934,258 | 15,953,605 |
(21110) Food, tobacco machinery | 1,732,148 | 1,688,991 | 1,860,182 | 2,064,865 | 2,192,826 |
(21120) Metalworking machine tools | 5,174,725 | 5,252,726 | 7,075,695 | 7,663,288 | 9,490,359 |
(21130) Textile, sewing machines | 1,059,214 | 1,020,197 | 1,134,193 | 1,247,851 | 1,274,629 |
(21140) Wood, glass, plastic | 2,597,190 | 2,503,246 | 3,367,352 | 3,645,557 | 3,628,566 |
(21150) Pulp and paper machinery | 2,278,780 | 2,372,552 | 2,566,827 | 2,718,324 | 2,850,457 |
(21160) Measuring, testing, control instruments | 13,218,013 | 13,936,101 | 16,927,323 | 16,720,633 | 19,119,448 |
(21170) Materials handling equipment | 4,488,470 | 4,655,814 | 5,984,009 | 8,162,312 | 9,903,852 |
(21180) Industrial machines, other | 21,727,003 | 21,718,029 | 26,971,265 | 28,295,944 | 32,709,273 |
(21190) Photo, service industry machinery | 5,422,145 | 5,714,167 | 6,553,936 | 7,492,107 | 8,178,549 |
(21200) Agricultural machinery, equipment | 3,526,203 | 3,793,910 | 4,422,448 | 5,144,124 | 5,308,940 |
(21300) Computers | 9,190,115 | 8,664,470 | 9,198,120 | 10,206,187 | 11,444,607 |
(21301) Computer accessories | 29,362,295 | 31,260,248 | 33,607,204 | 35,330,167 | 36,087,221 |
(21320) Semiconductors | 42,234,579 | 46,137,440 | 48,050,388 | 47,221,556 | 52,383,482 |
(21400) Telecommunications equipment | 22,207,691 | 20,743,162 | 24,543,091 | 25,666,771 | 28,911,061 |
(21500) Business machines and equipment | 2,023,646 | 1,927,170 | 2,110,291 | 2,335,954 | 2,704,205 |
(21600) Laboratory testing instruments | 4,824,079 | 5,118,842 | 6,093,197 | 6,665,275 | 7,279,594 |
(21610) Medicinal equipment | 14,481,033 | 15,742,536 | 17,852,664 | 20,364,358 | 22,664,867 |
(22000) Civilian aircraft | 26,676,656 | 23,305,357 | 22,917,114 | 29,332,618 | 40,714,914 |
(22010) Parts-civilian aircraft | 12,222,736 | 12,134,464 | 13,217,079 | 15,305,904 | 17,373,828 |
(22020) Engines-civilian aircraft | 11,584,658 | 11,338,959 | 13,840,691 | 16,145,914 | 16,947,535 |
(22100) Railway transportation equipment | 1,245,275 | 1,641,902 | 1,856,082 | 2,345,207 | 2,938,227 |
(22200) Vessels, excluding scrap | 204,471 | 67,122 | 40,953 | 64,957 | 51,701 |
(22210) Commercial vessels, other | 179,292 | 138,968 | 207,814 | 230,358 | 222,269 |
(22220) Marine engines, parts | 758,992 | 793,606 | 740,348 | 976,964 | 1,127,802 |
(22300) Spacecraft, excluding military | 36,932 | 37,138 | 53,632 | 37,955 | 26,894 |
(30000) Passenger cars, new and used | 20,552,414 | 22,102,841 | 24,609,325 | 30,492,691 | 34,530,937 |
(30100) Trucks, buses and special purpose vehicles | 8,363,362 | 10,244,379 | 11,928,396 | 13,477,345 | 15,090,202 |
(30200) Engines and engine parts (carburetors, pistons, ri | 10,112,579 | 10,112,654 | 10,754,788 | 11,324,368 | 11,924,358 |
(30210) Bodies and chassis for passenger cars | 138,831 | 185,673 | 148,197 | 58,449 | 58,962 |
(30220) Automotive tires and tubes | 1,909,086 | 1,819,338 | 2,124,051 | 2,403,281 | 2,479,500 |
(30230) Other parts and accessories of vehicles | 37,866,139 | 36,220,655 | 39,727,480 | 40,916,620 | 43,088,027 |
(40000) Apparel, household goods - textile | 6,305,462 | 5,935,708 | 5,389,846 | 5,311,955 | 5,183,748 |
(40030) Apparel,household goods-nontextile | 1,307,645 | 1,349,863 | 1,433,964 | 1,672,191 | 1,835,403 |
(40050) Sports apparel and gear | 445,492 | 421,225 | 436,046 | 485,324 | 588,006 |
(40100) Pharmaceutical preparations | 17,347,840 | 20,529,484 | 25,431,506 | 27,618,757 | 30,789,492 |
(40110) Books, printed matter | 3,969,325 | 4,175,252 | 4,397,917 | 4,820,801 | 5,192,672 |
(40120) Toiletries and cosmetics | 4,139,641 | 4,580,874 | 5,260,323 | 5,975,099 | 6,754,315 |
(40130) Tobacco, manufactured | 1,962,035 | 1,881,706 | 1,599,295 | 1,340,630 | 1,362,642 |
(40140) Writing and art supplies | 4,609,284 | 4,695,044 | 5,062,591 | 5,623,401 | 5,827,807 |
(41000) Furniture, household goods, etc. | 2,122,958 | 2,415,749 | 2,723,936 | 2,885,663 | 3,204,067 |
(41010) Glassware, chinaware | 450,822 | 348,977 | 393,530 | 405,241 | 432,492 |
(41020) Cookware, cutlery, tools | 695,857 | 687,921 | 733,034 | 771,945 | 869,659 |
(41030) Household appliances | 4,536,883 | 4,830,195 | 5,224,404 | 6,050,859 | 6,650,584 |
(41040) Rugs | 693,290 | 693,005 | 789,475 | 906,070 | 1,003,387 |
(41050) Other household goods | 8,444,489 | 9,389,945 | 10,754,075 | 12,428,236 | 14,073,095 |
(41110) Pleasure boats and motors | 1,086,943 | 1,368,396 | 1,911,421 | 2,480,770 | 2,778,543 |
(41120) Toys/games/sporting goods | 5,459,446 | 5,692,490 | 6,316,574 | 7,564,206 | 9,027,618 |
(41140) Musical instruments | 1,032,717 | 862,781 | 1,056,377 | 1,058,999 | 1,067,154 |
(41200) TV's, VCR's, etc. | 3,955,119 | 3,382,301 | 3,602,070 | 3,639,449 | 3,872,073 |
(41210) Stereo equipment, etc. | 1,541,870 | 1,560,706 | 1,712,822 | 2,213,713 | 2,461,393 |
(41220) Records, tapes, and disks | 3,221,800 | 3,191,920 | 3,386,401 | 3,640,005 | 3,642,747 |
(41300) Numismatic coins | 56,008 | 63,051 | 54,118 | 67,805 | 154,448 |
(41310) Jewelry, etc | 2,968,325 | 3,049,472 | 3,867,696 | 4,727,493 | 6,143,415 |
(41320) Artwork, antiques, stamps, etc. | 2,901,776 | 3,036,051 | 3,877,752 | 4,778,136 | 5,953,003 |
(42000) Nursery stock, etc. | 269,747 | 289,308 | 313,536 | 341,782 | 387,790 |
(42100) Gem diamonds | 4,834,043 | 5,476,603 | 7,346,005 | 8,906,873 | 9,987,222 |
(50000) Military aircraft, complete | 1,672,201 | 2,159,009 | 2,360,999 | 2,417,217 | 4,464,598 |
(50010) Aircraft launching gear, parachutes, etc. | 89,950 | 116,027 | 214,592 | 305,808 | 344,791 |
(50020) Engines and turbines for military aircraft | 1,836,533 | 1,320,834 | 1,260,987 | 1,566,406 | 1,643,565 |
(50030) Military trucks, armored vehicles, etc. | 722,039 | 635,004 | 745,331 | 920,345 | 844,889 |
(50040) Military ships and boats | 2,060 | 1,000 | 0 | 0 | 5,170 |
(50050) Tanks, artillery, missiles, rockets, guns and ammu | 1,929,437 | 1,615,936 | 2,067,159 | 2,037,040 | 2,714,343 |
(50060) Military apparel and footwear | 812,385 | 844,928 | 506,395 | 668,594 | 693,123 |
(50070) Parts for military-type goods | 4,639,359 | 4,816,374 | 4,728,834 | 4,919,362 | 5,918,013 |
(60000) Minimum value shipments | 14,635,601 | 15,043,576 | 16,781,625 | 18,800,866 | 19,745,847 |
(60010) Miscellaneous domestic exports and special transac | 6,514,038 | 5,858,199 | 5,737,754 | 5,328,568 | 5,241,316 |
(60040) Undocumented exports to Canada | 0 | 0 | 0 | 0 | 3,250,666 |
TOTAL | 693,103,192 | 724,770,983 | 818,774,859 | 905,977,633 | 1,037,142,973 |
Awesome! I can't wait until it's worth 2 cents to the Canadian dollar! I am so jealous of Zimbabwe!
Seriously, you Buchanan-haters should just avoid his threads rather than feel obligated to post nonsense to contradict him.
For now you work at a rather important 787 contractor. OK that’s cool. Thanks for helping America compete.
(Assuming it’s an American contractor?)
But stop defending the morons who export jobs to the lowest bidder.
I am a programmer.
I’ve seen a (lot) of co-workers walk out, carrying their things in a box. For 10 years now.
Wave, after wave of layoffs. Those jobs are gone - outsourced. Those talented former tech geniuses, now doing whatever they can find.
Forever.
It’s happening.
Open your eyes.
Soon, we'll both know who's naive.
Looked at US export numbers lately? Thought not.
How about that Balance of trade deficit Pat always had a hard on about? Thought not.
One Euro cost about $.93 when George W. Bush took office, early in the Clinton Recession.
Pat Buchanan says it was $.83.
What’s that word for intentional distortion of the truth?
Oh yeah: “LYING”
What other lies does he tell in this article?
Do you work for CITIC?
(Seriously)
Fascinating data. Thanks.
Or ears. All I have to do is listen to the names and accents of the Chineese and indians that I'm surrounded by. What were you doing during 911? I was here then too and when the economy sank, guess who got sent home by the barge load. My company needs labor and this country only graduates 50ish thousand engineers/year. It is HR's job to get the cheapest smartest engineers they can and for the moment they need to look overseas for some of them. By the way, boeing insisted on 15 percent outsourced engineering as a ticket to even get on this project. Why do you suppose that is? 1, to keep costs down. 2, to sell lots of $150,000,000 airplanes overseas.
Spoken like a true open borders zealot.
(Seriously)
(At least that's the enduring attitude of some of the loons around here.)
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