Sinking Currency, Sinking Country

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

[Toddsterpatriot]

http://data.bls.gov/cgi-bin/surveymost?ce

[Toddsterpatriot]

Yes, Buchanan's great book on trade, "The Great Betrayal."

No link?

[Thorin]

>>>>No link?

No, it's a book. I'm not here to do your research for you. Besides, you're the one who needs to do research, since your side is the one losing the public debate. Most Americans now believe free trade is harmful to the economy.

[dragnet2]

Buchanan is a total moron

Your the same disgusting jackass that wished for death and destruction of Americans that were fleeing for their lives, with thousands losing everything they've worked for in the recent California fires.

I remember your sadistic, twisted comments of "burn baby burn" while hundreds of fire fighters and others risked their lives, with some dying in the flames.

Ya think me or others have forgotten what you stated?

Yet you still show your face here?

You not only have no class...Like I told you two weeks ago sicko...You're a dirty rotten POS who should be under 24 hour surveillance for the good of all.

[AuntB]

Long Live Walmart. It is because of Walmart and similar outlets that we are able to have the best standards of living the world. We can buy, buy cheap, buy a lot, and enjoy life.

No, Jv, it's because of the blood sacrifice of millions of Americans that we enjoy this life. I wish you could have seen my America before it went global walmart.

[Toddsterpatriot]

Most Americans now believe free trade is harmful to the economy.

Public education has ruined America.

[durasell]

And we’re on different sides of this issue, why?

[Alberta's Child]

Right. Now why do you think OPEC is increasingly reluctant to accept U.S. dollars for oil?

[1rudeboy]

Most Americans now believe free trade is harmful to the economy.

Those polls usually correlate with which party controls Congress, but that's beside the point. We need another Ronald Reagan. The free-traders are simply the first to see it.

[RSmithOpt]

Yup and that temporary injection money just added another 3-4% in the annual inflation rate coming in the next 12 months easily that;'s on top of the 3.5% annualized.....they've done that now 3 times in less than 2 weeks to the tune of $160 Billion in hopes of averting panic in the markets and a run on the dollar (which is happening). The brokerages and the central bank and the White House are scurrying.

Our economy will not go belly up overnight, as neither will our standard of living, however, politics, greed, etc. have us now on the down slope with the respect to both.

The sub-prime fiasco is the culprit this time to the tune of 2.9 trillion total. CITIBANK dropped 7% yesterday.....look at the share prices (2 yr charts) of the major financial banks and brokerage houses....not good....I bailed on them in September....it is unavoidable.

You do know who's gonna pay for that don't you? The American worker in the form of government led inflation, higher interest rates, loss of equity in their homes, loss of return on stock investments.

Who's going to pay for the 4.4 million brand new homes setting empty across this nation? Can we export that stupidity and those losses?

[1rudeboy]

Because you see government as the solution, and I see it as the problem.

[Toddsterpatriot]

Yes, Buchanan's great book on trade, "The Great Betrayal." Lots of people have written about the pressure on working class wages, which largely is the result of free trade and mass immigration.

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Data extracted on: November 2, 2007 (1:20:46 PM)

Employment, Hours, and Earnings from the Current Employment Statistics survey (National)

Series Id:     CEU0500000031 Not Seasonally Adjusted Super Sector:  Total private Industry:      Total private NAICS Code:    N/A Data Type:     AVERAGE WEEKLY EARNINGS, 1982 DOLLARS
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Annual
1993	256.07	256.64	255.12	255.99	259.93	257.82	258.40	260.65	259.12	259.34	259.63	261.78	258.45
1994	260.07	257.10	258.98	259.90	261.76	260.08	259.85	259.39	260.87	263.35	259.59	261.72	260.29
1995	259.25	257.65	256.59	257.66	255.75	257.80	259.89	258.94	260.32	261.52	259.95	260.61	258.78
1996	253.47	257.54	256.94	256.77	257.20	262.42	258.65	261.45	264.20	261.05	261.47	265.05	259.92
1997	258.79	262.78	263.86	262.43	263.19	266.15	264.24	266.77	267.65	268.17	270.86	271.35	265.60
1998	267.79	271.61	271.12	268.52	271.22	271.26	271.09	275.80	271.66	274.00	276.09	276.09	272.18
1999	271.90	273.93	272.84	272.95	276.00	275.18	275.57	278.17	273.40	275.92	275.36	276.98	275.03
2000	277.77	274.31	272.53	277.75	274.03	274.05	277.32	275.88	276.12	278.98	275.47	276.75	275.97
2001	272.91	273.59	273.67	274.46	272.52	273.63	278.04	276.42	277.87	275.46	277.04	283.08	275.71
2002	276.17	277.72	276.37	275.88	276.51	282.40	277.62	280.25	283.03	279.63	279.21	285.01	279.18
2003	278.27	279.12	277.60	275.33	277.55	281.93	278.44	279.25	278.91	279.00	284.06	280.45	279.13
2004	277.71	281.10	276.27	276.10	279.17	274.61	277.35	280.91	277.69	277.30	276.40	279.73	277.88
2005	279.74	276.77	274.27	274.38	277.63	275.46	275.58	275.03	273.63	277.17	276.36	277.81	276.17
2006	279.08	276.33	276.14	278.53	273.88	275.81	278.62	277.10	280.04	286.32	282.75	284.36	279.19
2007	281.12	280.54	280.30	281.80	277.07	279.52	283.40	282.12	286.39(p)
p : preliminary

 

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Looks like earnings have improved since NAFTA.

[Toddsterpatriot]

Yup and that temporary injection money just added another 3-4% in the annual inflation rate

That temporary injection will be reversed in a week or two. No inflation involved.

[BreezyDog]

I agree with you. As in everything economics its cyclical. There will always be correcting going on. Its the yin and the yang, the give and take, the ebb and flow. A weak dollar is OK for a while, not forever. Its not all black and white.

[cowtowney]

“What exports? We’ve squandered our entire industrial base. What have we got to export anymore?”

Criminey! Pick up a business page every once in a while, fella. The US has an incredible industrial base. Why say stuff like this? It’s based on nothing but a glass half empty mentality.

[skeeter]

No, Jv, it's because of the blood sacrifice of millions of Americans that we enjoy this life.

Thanks for the badly needed perspective here, AuntB.

Without the rank & file American, so often ignored by the economic ideologues, there would be no 'strong economy'.

[durasell]

We can relax all regulation and drop taxes to zero, we still won’t compete with China in terms of wages. Heck, even China is losing jobs now to Vietnam. Go figure.

I used to think that the way to keep America competitive was to recruit the “big brain boys” from other countries. The thing is, they’re now like guns for hire. The big brain you hire today could be working for a German company tomorrow. They don’t care where they live. NYC isn’t that different from London, Paris, Madrid or Berlin.

I’ve seen this first hand. It’s the upside of globalism for a lot of people.

[Thorin]

Here’s a link: http://64.233.169.104/search?q=cache:W17zozFs-7QJ:www.epinet.org/content.cfm%3Fid%3D2778+median+hourly+wage+stagnant&hl=en&ct=clnk&cd=3&gl=us

[durasell]

I see government as a solution to many problems. To stretch an analogy, it’s a tool, just as business organizations can be tools of progress.

However, I don’t see gubmint as a solution to this problem. I don’t see a solution to this problem. All I see is management of the unpleasant consequences.

[JPJones]

Right. Now why do you think OPEC is increasingly reluctant to accept U.S. dollars for oil?

Because we're infidels....?