Sinking Currency, Sinking Country

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

[gogogodzilla]

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.

[period end of story]

Thus a weak dollar is GOOD for our economy. A strong dollar, on the other hand does nothing but gratify the egos of Know Nothing dinosaurs like Buchanan.

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.

[Cringing Negativism Network]

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?

[DungeonMaster]

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.

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?

[Cringing Negativism Network]

What dog do you have in the globalization hunt?

Do you work at Walmart?

[njrep]

How?

[DungeonMaster]

It turns out I am working for a rather important 787 contractor.

[rb22982]

We are on pace to export 1.16 trillion dollars worth of goods and services this year.

[Toddsterpatriot]

We’ve squandered our entire industrial base.

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)
from 2002 to 2006
By 5-digit End-Use Code

(In thousands of dollars)

Additional information

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

[Junior_G]

Thus a weak dollar is GOOD for our economy.

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.

[Cringing Negativism Network]

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.

[newgeezer]

Yeah, about like martin luther did. Naive drivel pandering to people's naivete.

Soon, we'll both know who's naive.

[Kozak]

Looked at US export numbers lately? Thought not.
How about that Balance of trade deficit Pat always had a hard on about? Thought not.

[Redbob]

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?

[Cringing Negativism Network]

Do you work for CITIC?

(Seriously)

[aimhigh]

Fascinating data. Thanks.

[DungeonMaster]

Open your eyes.

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.

[SergeiRachmaninov]

Buchanan is a total moron, again. A weak dollar makes imports expensive and our exports cheaper. It helps our domestic economy and helps wean us off our addiction to cheap imported goods. Thus a weak dollar is GOOD for our economy. A strong dollar, on the other hand does nothing but gratify the egos of Know Nothing dinosaurs like Buchanan.

Spoken like a true open borders zealot.

[Toddsterpatriot]

Does PJB snore?

(Seriously)

[Junior_G]

Just remember, no matter how bad the economy gets, it's always better than it ever was!!! YAY!!!

(At least that's the enduring attitude of some of the loons around here.)