Pat Buchanan : America's Hollow Prosperity

WorldNetDaily.com ^ | 02/15/2006 | Patrick Buchanan

[hedgetrimmer]

If the economy is humming along, why is there no money for our infrastructure? Remember DOMESTIC infrastructure is a legitimate government expenditure.

[JABBERBONK]

Oh please we have been hearing the tired old "hamburger flipper" jobs since Reagan...give it a rest and grow a spine.

[Toddsterpatriot]

Commodity prices will go up, and the value of the dollar will decrease.

Where is the value of the dollar decreasing?

[hedgetrimmer]

If texas has more tax revenues than ever, why would they have to RAISE taxes to pay for a highway?

[logician2u]

All pursuant the Chinese Communist government intervention.

Where? In what way?

[CWOJackson]

Hamburger Flipper had been replaced by Walmart Greeter which is doubling damning since the buchanan folks hate Walmart with a passion.

[A. Pole]

The jobs that the admin crows about are jobs I used to have in high school. A trained out of work engineer getting a job in Walmart should not be counted in these job numbers. The admins employment numbers are misleading.

Well said!

[ex-snook]

The topic of the thread is trade not your political opinions. Stick to the topic.

[edsheppa]

They get the money, but we get all the stuff.

Nowadays they don't generally even get paper, just the electric and magnetic field variations in the computers and backup tapes. It's really extraordinary.

[JABBERBONK]

"Our" economy???? here where I live there are all kinds of infastrucure renewal going on...oh wait I live in Florida which has no Income Tax and the best economy in the Union, will be having "tax free" shopping periods to give some of the surplus back to the public. Maybe it is because we have a GOP Governor and a GOP legislature..hummm?

[CWOJackson]

The topic is an article written by a disgruntled hack with a political agenda.

[A. Pole]

I purchased a house in Trinity Florida last year, I had a one year wait till completion, about 6 weeks before closing I got an offer of $36,000 over my purchase price, so I took the money and ran..it's all about creating wealth.

"I took the money and ran". This is the freemarketeers concept of creating wealth.

[hedgetrimmer]

If we had products they actually wanted at the price we offered them for ostensibly there would be no trade deficit

Why do you think this is so? China AVIDLY protects its domestic economy. They won't allow us to have a trade deficit with them in the opposite direction because they understand its an issue of preservation of their nation. On the other hand, we have globalists running our government and on this forum who consider citizens unnecessary execept if you need people to fight wars and pay taxes. Otherwise we're just consumers or workers to be manipulated to suit their 'vision' to create a global economy.

[AmusedBystander]

The indians sold the island of Mannahatta for 24 dollars worth of beads.

And many people bought little ounces of shiny metal at $1000 a pop and saw that it is only worth half of that years later.

The Indians getting $24 for nothing is better than just waiting to get kicked off the land by the invaders. That $24 dollar investment really paid off, there are hundreds of Indian casinos now.

[A. Pole]

Where is the value of the dollar decreasing?

For example in Poland - a few years ago you could get 4 zlotys for a dollar, today you can get 3.1

[doctor noe]

What is Pat's brother, Bay, doing these days?

[Paul Ross]

They do not necessarily hoard the USA dollars,

Yes they are, to the tune of $800 billion. Think about the scale of that in relation to the supposed size of the Chinese economy...supposedly only what, 1.2 trillion?

That also represents a net defacto trade surplus against the world. Hence, this point:

they trade them for DM, euros, CHF, Yen, etc. and use that currency to buy the means of production they require.

Is clearly now obsolete. China is only now admitting to what has been ongoing reality for some time now. They are running a huge trade surplus with the entire world. The previous "balance" or "deficit" posted was purely for foreign propaganda purposes to elicit further trade advantages...and was always the product of duplicitous double booking. It is only coming out now due to some efforts by the U.S. to try and compel financial transparency pursuant the WTO rules...but its not even getting a fraction of what is really going on.

[ghitma]

I agree with you on this. Freepres see Pats name and thats it, whatever he wrote gets trashed. I completely agree with your statement that the jobs created today are not the same quality as jobs created decades ago. This is a reality that I see everyday. I have been in IT for 23 years and have kept my skills with up to date. We can do anything those Indians do and we do it better in the same or less time, and the code works right off the bat, can't say that for the mumbai boys. But it doesn't matter they do it cheaper because their cost of living is cheaper.

[ghitma]

I agree with you on this. Freepers see Pats name and thats it, whatever he wrote gets trashed. I completely agree with your statement that the jobs created today are not the same quality as jobs created decades ago. This is a reality that I see everyday. I have been in IT for 23 years and have kept my skills with up to date. We can do anything those Indians do and we do it better in the same or less time, and the code works right off the bat, can't say that for the mumbai boys. But it doesn't matter they do it cheaper because their cost of living is cheaper.

[hedgetrimmer]

here where I live there are all kinds of infastrucure renewal going on

Really? By condeming private property to "restore" the everglades? By the "restoration economy" you've got going there which restricts new building and only allows "restoration" of existing structures?