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Old 03-26-2008, 06:27 AM
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But the British and Europeans will be here this summer buying our heritage, American vintage cars, prime real estate, businesses and yes media entities. THANKS GEORGE you BUM, just one more of your "legacys". Remember one American dollar is woth 50 cents in England sort of Buy One Get One Free, all our stuff will be half price to the Brits.
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Old 03-26-2008, 08:23 AM
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So you think Mother Government should do something about this? You find that people who want to make fair & square purchases should be denied from doing so, simply because they're not American?

Oh, and explain how this is Bush's fault. This isn't a monarchy, you know. There are quite a few more politicians that create laws in this country...most of which, are democrats.
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Old 03-26-2008, 08:33 AM
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The falling dollar also has advantages, is cyclical, and is interconnected with the global economy anyway. In other words, this is a temporary issue that misses the true fundamental challenges of our economy. To a large extent, the value of the dollar has been kept down by the American government because it allows us to sell our exports cheaper. Any recession in our country will negatively impact and spread to other State's economies, and a new balance will be found. There are many, many things (some even easy) that we could do to pump up the dollar. The reality is that this is not a priority for our politicians right now because it is not the priority of multi-conglomerate, multi-national corporations. The middle class is being squeezed between numerous factors like high oil prices/inflation, a repressive tax burden, and an incompetent mandatory public education system which is increasingly worthless- with the falling dollar being one of the smaller influences.
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Qur'an:8:67 It is not fitting for any prophet to have prisoners until he has made a great slaughter in the land.
Qur'an 8:12 I will terrorize the unbelievers...Strike off their heads and cut off each of their fingers and toes.
Qur'an 9:5 Fight and kill the disbelievers wherever you find them, take them captive, torture them, and lie in wait and ambush them using every stratagem of war.

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Old 03-26-2008, 09:08 AM
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the fact remains that the current administration has created this mess, and the fact is that foreign country's can now treat us as a third world country, you know massive debt, worthless currency, exports raw materials imports manufactured goods, LED BY IDIOTS and the CORRUPT power mongers. Hope none of you are planning a trip to Europe. THIS TIME WHEN THE DEPRESSION HITS< foreign interests will make the killing not Americans
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Old 03-26-2008, 09:46 AM
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THIS TIME WHEN THE DEPRESSION HITS< foreign interests will make the killing not Americans
That is silly hyperbole. We haven't even had a quarter of negative growth yet, not even anything close to what can be called a recession. The assets and strengths of the American economy are extremely diversified and resilient. A big, extremely predictable bubble in the real estate market burst just as bubbles always burst. The tax cuts aimed at easing the damage are huge, along with the lower interest rates. They will solve this short term crisis easily and we are unlikely to have even one negative quarter.

On the other hand, oil prices are driving inflation and entitlement programs will bankrupt our country and completely enslave our youth under oppressive taxes for the benefit of only the baby boomers, so we really have much more important things to deal with than crying wolf about short term "depression."
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Qur'an:8:39 Fight them until all opposition ends and all submit to Allah.
Qur'an:8:67 It is not fitting for any prophet to have prisoners until he has made a great slaughter in the land.
Qur'an 8:12 I will terrorize the unbelievers...Strike off their heads and cut off each of their fingers and toes.
Qur'an 9:5 Fight and kill the disbelievers wherever you find them, take them captive, torture them, and lie in wait and ambush them using every stratagem of war.
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Old 03-26-2008, 09:50 AM
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Quote:
Originally Posted by ABoyNamedSue View Post
So you think Mother Government should do something about this? You find that people who want to make fair & square purchases should be denied from doing so, simply because they're not American?

Oh, and explain how this is Bush's fault. This isn't a monarchy, you know. There are quite a few more politicians that create laws in this country...most of which, are democrats.
First of all, Republicans controlled all three branches of government for 75% of Bush's terms. So your claim that most of the politicians that created the laws are dems is inaccurate.

Second, there is linkage between the President and the falling dollar at this point. Iraq has a large role in the relative strength of our market. The war has cost by the most conservative estimates, at least 800 billion dollars. That debt is perceived as instability, as weakness. Instability causes investors to shy away from potential markets. The Iraq war belongs to Bush, therefore some of the weakness of the dollar can be attributed to his decisions. As the dollar falls in a globalized market, real cost of imported goods rises, which causes your own dollar to fall even shorter. Volatility in the price of oil has certainly been affected by increased instability in the middle east due to our invasion of Iraq. Bush's choice to invade Iraq has weakened the dollar.

Last edited by Metrophobe; 03-26-2008 at 10:43 AM.
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Old 03-26-2008, 10:21 AM
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Quote:
Originally Posted by eleanoraquitaine View Post
That is silly hyperbole. We haven't even had a quarter of negative growth yet, not even anything close to what can be called a recession. The assets and strengths of the American economy are extremely diversified and resilient. A big, extremely predictable bubble in the real estate market burst just as bubbles always burst. The tax cuts aimed at easing the damage are huge, along with the lower interest rates. They will solve this short term crisis easily and we are unlikely to have even one negative quarter.

On the other hand, oil prices are driving inflation and entitlement programs will bankrupt our country and completely enslave our youth under oppressive taxes for the benefit of only the baby boomers, so we really have much more important things to deal with than crying wolf about short term "depression."
Then plan your trip to Europe or England, BTW the terrorists are laughing their asses off at this country right now, or do you deny and rationalize that too. They look at our land "UNITED STATES" then look at idiot political hacks castigating and demeaning the other party. IT AIN'T FUNNY Goldwater is not going around bragging how great the Bush administration is, you can take that to the bank, better hurry there will be more Bear Stearns
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Old 03-26-2008, 10:23 AM
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Second, there is linkage between the President and the falling dollar at this point. Iraq has a large role in the relative strength of our market. The war has cost by the most conservative estimates, at least 800 billion dollars. That debt is perceived as instability, as weakness. Instability causes investors to shy away from potential markets. The Iraq war belongs to Bush, therefore some of the weakness of the dollar can be attributed to his decisions. As the dollar falls in a globalized market, real cost of imported goods rises, which causes your own dollar to fall even shorter. Volatility in the price of oil has certainly been affected by increased instability in the middle east due to our invasion of Iraq. Bush's choice to invade Iraq has weakened the dollar.
This is a valid point. However, the weakness of failing to do anything about Saddam's regime would certainly have affected the price of oil as well, especially given Saddam's efforts to gain greater control of world oil supplies through military invasion and in the larger context of the rise in global islamofascism. Bush has favored tax cuts and pro-business policies which counter the cost of the Iraq war. And, money spent in Iraq is an investment that will clearly pay off in beneficial trade agreements and opening up a large, new, democratic market for us.

The best way to improve our economy is by helping the middle class and restoring the American dream by drastically reducing entitlements, taxes, and federal, non-defense spending.
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Qur'an:8:39 Fight them until all opposition ends and all submit to Allah.
Qur'an:8:67 It is not fitting for any prophet to have prisoners until he has made a great slaughter in the land.
Qur'an 8:12 I will terrorize the unbelievers...Strike off their heads and cut off each of their fingers and toes.
Qur'an 9:5 Fight and kill the disbelievers wherever you find them, take them captive, torture them, and lie in wait and ambush them using every stratagem of war.

Last edited by eleanoraquitaine; 03-26-2008 at 10:23 AM.
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Old 03-26-2008, 10:42 AM
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Originally Posted by eleanoraquitaine View Post
This is a valid point. However, the weakness of failing to do anything about Saddam's regime would certainly have affected the price of oil as well, ...
I agree. It's hard to quantify what might have happened had we done nothing about Saddam. We can only realistically look at what has happened due to Bush's choices.

Quote:
Originally Posted by eleanoraquitaine View Post
Bush has favored tax cuts and pro-business policies which counter the cost of the Iraq war. And, money spent in Iraq is an investment that will clearly pay off in beneficial trade agreements and opening up a large, new, democratic market for us.
First, I don't see the large, new, democratic market opening up. I think it is dangerous to imagine that we really understand the middle east. It has proven itself time and time again to defy western logic. The investment is not guaranteed, by any means.

I think it is almost impossible to counter the cost of the Iraq war using tax cuts. They are a complicated part of this equation. I would say they are a net-negative in the context of this thread for these reasons:

1. If they are meant to induce us to buy more, chances are we are buying imported goods, which means we are giving our money to other countries and getting less for it.

2. The tax cuts don't address the debt in any meaningful way.

3. Tax cuts in the face of a massive debt don't prove that our market will improve when compared to other strong markets. IOW the perception of our market's strength doesn't change within the context of the global economy, therefore they do nothing but pacify our population.


Quote:
Originally Posted by eleanoraquitaine View Post
The best way to improve our economy is by helping the middle class and restoring the American dream by drastically reducing entitlements, taxes, and federal, non-defense spending.
You'll get no argument from me there.
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Old 03-26-2008, 11:14 AM
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You don't want to fight the war, you don't want to pay for the war, you just huddle over your piggy banks and scream, don't touch my dime, You do know that one of the major principles of REAL conservatives is fiscal responsibility don't you?? Now WHY WAS THIS MOVED?? Mods??
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Last edited by crestwood33; 03-26-2008 at 11:15 AM.
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