GDP in at 7.2%...Economy looking up...

[Thrawn]

Originally posted by Rude
This is your best to date....only one problem....this country consumes like no other on the planet....if we stop buying, what happens to the rest of the planet?

Sorry for answering for miko, but he has explained this about a dozen times.  So I figured I would give it a shot, if anything hopefully I get it right and demonstrate to myself that I understand some of the priciples, if not hopefully I will be corrected.  Anyway...


Lets take a Canadian chair manufacture as an example.

- Canadian chair manufacturer makes a chair.
- He then sells the chair to the US for a piece of paper with dead presidents on it.
- This piece of paper is usless to him, because he can't pay his employees or wood supplier with it, he needs a Canadian dollar for that.
- Canadian government taxes it's citizens and receives Canadian dollars.
- Canadian government buys the US dollar from the chair manufacturer with the Canadian dollars.
- Canadian government throws the US dollar into a vault, never to been seen again.

Net result: Canadian manufacturer is getting paid by the Canadian taxpayer in a make work program.  Who is he working for?  The US.  Who is paying his salary?  The Canadian tax payer.


US economy collapses.

- Canadian chair manufacture goes under.
- US doesn't receive any more free chairs.
- Canadian tax payer doesn't have to pay the chair manufacture's salary.
- Chair manufacture finds employment working in an industry that actually benefits Canada (god forbid).

[AKIron]

doooom, despair, and agony on me

[Tumor]

Originally posted by Rude
I'll check back next spring for your post on why the economy has experienced a strong recovery.

HA!!

The great Oracle of the BB says:  If the economy faulters, it will be Bush's fault.  If the economy booms.... it will be anyone but Bush's fault, even though it was Clintons doing that got us the "great" economy of the late 90's lol

I love the sniveling ... "Ya the economy is doing butter but only because blah blah blah" hahah.  The economy is doing better... as horrendous is that is, live with it.

[Sabre]

Originally posted by DmdNexus
Go argue with Sabre because he disagrees with Fox News...
I don't care one way or the other....
I'm not an economist... I have no idea why it goes up and down.

I only parrot what my liberal/conservative silicon chip tells me to say...

No sir, I disagree with your interpretation of the Fox News article, just as you disagree with mine.

[DmdNexus]

Originally posted by Rude
This is your best to date....only one problem....this country consumes like no other on the planet....if we stop buying, what happens to the rest of the planet?

They sell to China!!
Bigest growing market on the planet... and companies are climbing ontop of each other to get into it.

[DmdNexus]

Originally posted by Ripsnort

That bill Clinton passed was one of those "feel good" bills y'all fell for...again.

You're out of touch!!

The REPUBLICANs were in control of  Congress, and they are the ones who wrote it, passed it, and put it on Clinton's desk to sign.

[Ripsnort]

Originally posted by DmdNexus
You're out of touch!!

The REPUBLICANs were in control of  Congress, and they are the ones who wrote it, passed it, and put it on Clinton's desk to sign.

Yes it was, final signature on the bill was Clintons. It was a feel good bill, don't care who wrote it.  Keep in mind, I vote the issues, not the party.

[Rude]

Originally posted by Thrawn
Sorry for answering for miko, but he has explained this about a dozen times.  So I figured I would give it a shot, if anything hopefully I get it right and demonstrate to myself that I understand some of the priciples, if not hopefully I will be corrected.  Anyway...


Lets take a Canadian chair manufacture as an example.

- Canadian chair manufacturer makes a chair.
- He then sells the chair to the US for a piece of paper with dead presidents on it.
- This piece of paper is usless to him, because he can't pay his employees or wood supplier with it, he needs a Canadian dollar for that.
- Canadian government taxes it's citizens and receives Canadian dollars.
- Canadian government buys the US dollar from the chair manufacturer with the Canadian dollars.
- Canadian government throws the US dollar into a vault, never to been seen again.

Net result: Canadian manufacturer is getting paid by the Canadian taxpayer in a make work program.  Who is he working for?  The US.  Who is paying his salary?  The Canadian tax payer.


US economy collapses.

- Canadian chair manufacture goes under.
- US doesn't receive any more free chairs.
- Canadian tax payer doesn't have to pay the chair manufacture's salary.
- Chair manufacture finds employment working in an industry that actually benefits Canada (god forbid).

You missed my point.

I'm sorry guys....those of you who wish to cuddle with the doomsayers, knowk yourselves out....we're too busy buying land and making money...even tho some here say our money and the ground we develope with it is worthless.

I do agree in this way....in my life money has no real value and never has.

[Rude]

Originally posted by Tumor
HA!!

The great Oracle of the BB says:  If the economy faulters, it will be Bush's fault.  If the economy booms.... it will be anyone but Bush's fault, even though it was Clintons doing that got us the "great" economy of the late 90's lol

I love the sniveling ... "Ya the economy is doing butter but only because blah blah blah" hahah.  The economy is doing better... as horrendous is that is, live with it.

I'll say it one more time....neither Bush nor Clinton had anything to do with US economic growth or decline....only a Dolt would believe otherwise:)

Still, I do look forward to reading the thoughts of the liberals on this board when three events have taken place.

1. WMD's are found

2. The economy is in full recovery

3. GWB is re-elected for a second term

Oh my, there will be gnashing of teeth:)

[DoctorYO]

I suggest you all go check out the times opinion section when you get a chance..


Heres the link: (registration required )

http://www.nytimes.com/2003/10/31/opinion/31KRUG.html



Enjoy...


As usual Krugman tells it how it is...

(and note im a republican though im soon to go independent for those who think im some dumbacrat fanboy propaganda engine...all parties suck (they detract from the voter's right to choice) there should only be one political party, the american party..)

[slimm50]

Originally posted by miko2d
muckmaw: U.S. gross domestic product surged at a 7.2 percent annual rate...
 Pretty soon, the fed's gonna have to step in to curb inflation!;)

 It sounds self-contradictory. But perhaps you would care to explain what it means?

 What do you mean by "inflation"? General raise in prices?
 If so, how could increase in the amount of goods produced cause a raise in prices? Don't goods drop in prices when they become more plentifull?

 The more we produce, the more and cheaper goods we have for investing in more production, so the firms borrowing resources for expansion would have lower prices and interests to pay, which in turn result in yet more production.

 It would seem the prices will be dropping as well as interest rates, no matter what the fed does. After all, the fed does not prodcue resources for investment - just the money that are used as a medium of exchange.

 So why would you imply that the prices may raise and that the fed would be able to affect investment by tightening the credit?

 miko

miko, I think what muck said is what is called "ironic humor".

[DmdNexus]

Originally posted by Rude
1. WMD's are found

I sincerely hope they are found. It would restore America's integrity with our allies, and US soldiers would not have died because of a lie.

2. The economy is in full recovery

I'll become a republican, accept Jesus as my personal lord and saver and stop smoking dope.

I reserve the right to change my mind about the Jesus thing and switch to moonie-ism and switch my drug of choice to Oxycotin.

3. GWB is re-elected for a second term

With the current 9 Democratic dwarves opposing him, how could he not win.

[DmdNexus]

asdf