kapil
The Kapil
join:2000-04-26
Chicago, IL
| The almighty Dollar
It's an open secret you won't find any economist or politician talking about...the falling value of the dollar.
While the redneck crowd makes for a loud cheering section, the reality is that America has sold it's future for band-aid fixes to a lot of problems.
Jobs have gone overseas, so has research and the talent that performs that research. We don't make squat at home anymore...and it looks like we've just about had it with buying crap too.
The country is in debt up to its eyeballs...government, industry and citizens.
It doesn't take an economic genius to figure out why the dollar is in a free fall.
A strong currency is equated with a strong nation, so no one likes to cheer when the currency is going down the tubes...but this story illustrates that the declining value of the dollar, if managed properly, may present the last major hope we have for turning this ship around.
The cheaper dollar makes it competitive to build and service things at home...and makes imported stuff cost prohibitive.
If this results in enough companies "on-shoring" jobs and manufacturing again, we can put our people to work...at real jobs and wages.
If the job market is healthy, the consumer spending will pick up and consumers will regain some confidence in the housing and finance markets.
...and all will be well, until Jenna Bush is old enough to run for office.
Maybe this was the Bush economic plan this whole time....bring the country to the edge of ruin, so that we stop buying VW's and buy Chevy's again.
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Rob
In Deo speramus, God Bless the USA
Premium
join:2001-08-25
Kendall, FL
 ·Comcast
| said by kapil  :It's an open secret you won't find any economist or politician talking about...the falling value of the dollar. There are few politicians who openly speak about the falling value of the dollar - but they are quickly "hushed" by their party or the MSM. |
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gaforces
United We Stand, Divided We Fall
join:2002-04-07
Santa Cruz, CA | reply to kapil
The major flaw in that economic strategy is ... the cost of living goes up, wages are not. |
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SilverSurfer
join:2007-08-19
2 edits | reply to kapil
As good a theory as any...
said by kapil :[...] Maybe this was the Bush economic plan this whole time....bring the country to the edge of ruin, so that we stop buying VW's and buy Chevy's again. That your statements seem to be the unintended consequences of an idiot at the helm for 8 yrs, I can buy. But nothing is ever quite that simple/fortuitous/coincidental. Maybe Convergys sees the writing on the wall and wants to get in on breaking our rule of law with impunity since it looks like our illustrious shitheads Congre$$ are set to give the telcos immunity.
If the telcos can get immunity for breaking the law and going along with their crony fuckbuddies Congre$$ional reps, then there's really no way to tell what any other industry can away with as well. Retroactive immunity for the telcos pretty much voids our entire system. All bets are off, and, as long as you can buy your own Senator, then you needn't worry about being held accountable. For anything. Convergys may as well climb aboard the immunity gravy train as well since retroactive immunity sets a precedent. |
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TKJunkMail
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
1 edit | reply to kapil
Re: The almighty Dollar
The jobs are leaving Canada and some are coming to US. So the weaker dollar is resulting in more US jobs. And it has reduced the trade deficit for the 1st time in 5 years. |
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NOCMan
Verizon Fios User
Premium
join:2004-09-30
Flower Mound, TX | Does not account for the 7 trillion debt our country has ran up. Sorry but a half trillion trade deficit pales in comparison to the bill we have run up that takes Taxes to pay. |
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pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast
| reply to TKJunkMail
said by TKJunkMail :The jobs are leaving Canada and some are coming to US. So the weaker dollar is resulting in more US jobs. And it has reduced the trade deficit for the 1st time in 5 years. Most economists understand that a weak dollar is not universally bad and a strong dollar is not universally good. The only people making a big deal about the weak dollar are just those who hate Bush and want to blame him for the supposedly bad situation.
If the dollar was the strongest ever and we were suffering the "ill effects" of a strong dollar, we'd be hearing from these same people about how a strong dollar is so awful and we need to go back to a weak dollar.
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This isn't fair! I was only supposed to hate just ONE presidential candidate! |
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Karl Bode
News Guy
join:2000-03-02
Host:
Road Runner
PC gaming GAMES
PC gaming Tech
2 edits | quote:
The only people making a big deal about the weak dollar are just those who hate Bush and want to blame him for the supposedly bad situation.
Edit: Never mind. That's a very insightful and intellectually robust point you're making there. |
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lesopp
join:2001-06-27
Land O Lakes, FL
2 edits | reply to NOCMan
Add to that 7 trillion thecosts of the Global Poverty Act spopnsored by Obama that will commit the US to an additional .7% of GDP approximately $845 billion annually in more foreign aid. The Act also commits the US to the millennium development goals set by the UN which include banning small arms and weapons, ratifying a series of treaties including the International Criminal Court treaty, the Kyoto protocol, the Convention on Biological Diversity. |
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pkarlos_76
join:2004-08-24
Edmonton, AB
| reply to kapil
said by kapil :It's an open secret you won't find any economist or politician talking about...the falling value of the dollar. While the redneck crowd makes for a loud cheering section, the reality is that America has sold it's future for band-aid fixes to a lot of problems. Jobs have gone overseas, so has research and the talent that performs that research. We don't make squat at home anymore...and it looks like we've just about had it with buying crap too. The country is in debt up to its eyeballs...government, industry and citizens. It doesn't take an economic genius to figure out why the dollar is in a free fall. A strong currency is equated with a strong nation, so no one likes to cheer when the currency is going down the tubes...but this story illustrates that the declining value of the dollar, if managed properly, may present the last major hope we have for turning this ship around. The cheaper dollar makes it competitive to build and service things at home...and makes imported stuff cost prohibitive. If this results in enough companies "on-shoring" jobs and manufacturing again, we can put our people to work...at real jobs and wages. If the job market is healthy, the consumer spending will pick up and consumers will regain some confidence in the housing and finance markets. ...and all will be well, until Jenna Bush is old enough to run for office. Maybe this was the Bush economic plan this whole time....bring the country to the edge of ruin, so that we stop buying VW's and buy Chevy's again. Although this could be positive for Alberta Labour shortage, I'm not FOND of my personal information being available to persons outside my country of residence! |
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Sean
join:2004-01-23
Ottawa
 ·Bell Sympatico
| reply to lesopp
said by lesopp :Add to that 7 trillion thecosts of the Global Poverty Act spopnsored by Obama that will commit the US to an additional .7% of GDP approximately $845 billion annually in more foreign aid. The Act also commits the US to the millennium development goals set by the UN which include banning small arms and weapons, ratifying a series of treaties including the International Criminal Court treaty, the Kyoto protocol, the Convention on Biological Diversity. Yes, but you won't be spending $400B every two weeks in Iraq. So Obama's plan is cheaper.
Nice try. |
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lesopp
join:2001-06-27
Land O Lakes, FL
| His plan is cheaper if you make up facts. How did you arrive at $400 billion every two weeks? That would come to 10.4 trillion a year which is more than the current national debt.
I thought his plan was to abandon Iraq, let all the Bush tax cuts expire and commit the "windfall" to some new social programs.
Personally I'd rather see the other social programs fixed before more are created. Isn't that what we were promised, first by the Republicans in 2004 and then by the Democrats in 2006? |
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