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 ...
overs = others
The Chinese, whose currency is tied to the dollar, and Japan will continue, as long as they can, to keep their currencies low against the dollar. For the Asians think long term, and their goals are strategic.
BINGO
Asians “get” that what’s important is NOT who consumes the apples, but who owns the orchard—Buchanan
“assembly” does not in any way equate to manufacture of LCDs.
I don’t know if Sony manufactures LCD’s at its television plant in Pennsylvania or not, but given your record at locating television plants in the U.S. (after claiming there are none), I suspect you don’t really know about LCD manufacturing either.
My friend, there aren’t any LCD manufacturing plants in the US. There aren’t any television manufacturing plants in the US. There are some vestiges of assembly, ‘tis true.
Vacuum tube production of the type you are referring to left the US in the 90s sometime, probably to Mexico.
Given that you are arguing over minutae and splitting hairs is pretty sad, considering the US was at one time the worlds leading exporter of electronics. I’m not the enemy here, just trying to bring facts to the table. Have a good day?
This and it's first cousin "open borders" are why the GOP will suffer badly in 08. Think 06 was bad? Wait till the 08 results are in. W has pretty much killed the GOP (and the nation).
But let's get back on track. If someone such as Mr. Buchanan (and maybe you) believes that a tariff on LCD's will help bring LCD manufacturing to the U.S., isn't the lower dollar performing the same function? As a tariff, I mean.
“Vertically integrated?”? Care to translate that to english?
RCA and Zenith, off the top of my head, made millions of televisions right here in the good ole’ USA. Sylvania, Raytheon and others probably made the tubes, both the picture and receiving/signal tubes. RCA had their own plant, as well as General Electric and Western Electric.
Tariffs wouldn’t work regardless of how anyone feels of their efficacy. The EPA has seen to that. LCD production is too “dirty”.
I don’t think a vertically-integrated television manufacturing plant has ever existed in the U.S.
Very early car manufacturers. Today, some artisan type shops, such as jewelry and furniture.
LOL! He's not lying, he's not wrong, he's speaking informally. That's funny.
Adults have no trouble getting Paul Ross’s point
His point was you can't trust the government export figures because he knew we didn't make any.
"His data is fascinating when you dissect out from the exports the things which we don't even make: TVs & VCR, DVD players, etc. None. NONE."
As a lawyer, maybe he should be a little more precise in his speech?
Using your logic I could say we have a balanced budget this year (the deficit is only about 1.2% of GDP) and "it’s commonly understood by adults that this statement is not negated if we overspend by 1-2%"
Thank you, Toddsterpatriot , for bringing facts to the debate. Just because the items exported change, does not mean the country is collapsing. In fact, the opposite it true. We are exporting more each year.
Manufacturing doesn't count unless 100% of the parts are made in house?
Don't tell the gloomers.
And he expects us to believe that? LOL!
I used to work (1990’s) just down the street from Ford’s River Rouge plant. Sometimes on my lunch break I’d drive down just to poke around. Pretty cool . . . you could see the docks where the ships unloaded their iron ore, etc. By the 90’s I think the terminal already belonged to another steel company. So the complex was in separate pieces.
"I did not have sexual relations with that woman, Miss Lewinsky."
It hasn’t worked that way for a long, long time. Though I do have a friend that does high end contracting. Clients regularly send him to the marble quarries in Italy to inspect the marble for their bathrooms and entranceways while it’s still in the ground.
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