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Adventurer
Joined: 28 Jan 2006
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 Posted: Sun Nov 04, 2007 12:43 am Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
| Adventurer wrote: |
| Pluto wrote: |
This would be evidence that the US isn't falling into the abyss of mediocrity. So many on this board seem to be salivating at China's rise and America's demise 
But as has been said, just because China's economy is rising doesn't mean America's is falling. Some lefties can't get their head around the concept of capital creation. Which means the potential for wealth is unlimited for everyone. |
There are many reasons why the dollar is low. There isn't one factor. One reason is the rise in oil prices which increases the bill for that important commodity, there is the high deficit, and the huge trade deficit. This may be seen as a correction. China's economy is artificially inflated on the other hand. The Yuan is undervalued.
The trade deficit vis-a-vis the US and Europe has shrunk but not vis-a-vis China. I think you can expect the Canadian dollar to reach around 1.20 US. It will take time for the greenback to bounce back. As far as the housing market, there were problems in the 1980s. Problems do happen in the market.. It doesn't mean gloom and doom, but the US economy needs strong, good leadership in the White House; it doesn't have that yet... |
the US deficit is way down. 189 billion. It has been going down for the last few years .
The US has to pay for social security and medicare down the road but Bush didn't cause that.
Bush't tax cuts I think weren't worth it but they are only a small negative since tax cuts may also increase productivity. I don't think it was worth the extra debt but it is close.
The economy was going into recession before Bush took office .
The stock market meltdown started before Bush took office.
Bush is not responsible for the fact that oil demand in China and India is much higher.
High oil prices are a drag on the US economy. It is another thing that one can not blame Bush for. |
No, Bush is not respnonsible for the increase in demand in oil, of course.
I was not stating that, nor did I connect him to the problems in the stock market. I just think the war, which was unecessary, and foolish has ballooned the budget deficit and the tax cut didn't help matters.... |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Sun Nov 04, 2007 1:10 am Post subject: |
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No, Bush is not respnonsible for the increase in demand in oil, of course.
I was not stating that, nor did I connect him to the problems in the stock market. I just think the war, which was unecessary, and foolish has ballooned the budget deficit and the tax cut didn't help matters.... |
Well we have a difference of opinion here. |
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