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Looks like earnings have improved since NAFTA.
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 ...
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.
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.
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.
Public education has ruined America.
And we’re on different sides of this issue, why?
Right. Now why do you think OPEC is increasingly reluctant to accept U.S. dollars for oil?
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.
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?
Because you see government as the solution, and I see it as the problem.
| U.S. Bureau of Labor Statistics Postal Square Building 2 Massachusetts Ave., NE Washington, DC 20212-0001 |
Phone: (202) 691-5200 |
Looks like earnings have improved since NAFTA.
That temporary injection will be reversed in a week or two. No inflation involved.
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.
“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.
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'.
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.
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.
Because we're infidels....?
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