To: Willie Green
"Far too little attention has been paid to the giant tab the US has been running with the rest of the world in order to satisfy demand for goods and services that cannot be provided domestically, with economic logic turned on its head to argue that the spendthrift habits of the world´s biggest economy are actually a good thing."This is where the author shows his complete ignorance and incompetence to objectively analyze the economic situation. There isn't a single thing on earth that we cannot provide domestically with the exception of a couple of trace elements that don't exist under our soil. Damn near everything we import was invented by us, now due to regulations here in the US and subsidies overseas, those goods are made more cheaply "over there". That does indeed need to stop - and then numbnuts like this POS will really scream when their economies fully tank because the manufacturing came back here. This is obviously written by a Euroswine.
Nice try, Willie, but it ain't gonna fly around here. But I'm happy that this Chicken Little is worried.
8 posted on
07/28/2003 12:35:09 PM PDT by
11B3
(We live in "interesting times". Indeed.)
To: 11B3
. . . due to regulations here in the US and subsidies overseas, those goods are made more cheaply "over there". The single biggest contributor to the flight of jobs overseas is not regulations and subsidies, but a U.S. dollar that has been the strongest currency in the world by a wide margin over the last 15 years.
To: 11B3
not only written by Euroswine but a moronic Euroswine to boot! The continued fearmongering over deflation reveals the writer is either totally clueless, hasn't been paying attention over recent weeks, or just doesn't realize that any remaining talk about deflation or the like, being generated by fed types, was merely to help minimize the crash of the bond + treasury markets; any remaining discussion by the fearmongerers is just that (fearmongering).
To: 11B3
I notice that Willie isn't adding any of his own comments to the "thread". He must have knew that it was rediculous when he posted it :-)
24 posted on
07/28/2003 3:08:35 PM PDT by
Dr. Marten
(Liberty means responsibility. That is why most men dread it)
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