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The Truth About The Economy And The Dollar

Discussion in 'Political Debate & Discussion' started by Revmitchell, Jul 30, 2008.

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  1. Revmitchell

    Revmitchell Well-Known Member
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    The Truth AboutThe Economy And The Dollar


    1.The Free Market Works even with a weak dollar.
    2. As the Dollar goes down our exports become more valuable.
    3. Imports are more expensive so home made products are in more demand at home and abroad
    4. We currently have a trade surplus
    5. 65% of our exports are manufactuiring
    6. We have had 1% growth in the lat two quarters measured and it looks to be greater when the GDP numbers come out Thursday
     
    #1 Revmitchell, Jul 30, 2008
  2. dragonfly

    dragonfly New Member

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    You must be right, the economy is doing great! Just ask people on the street to explain how happy they are right now with what the economy is doing. You'll see that it is not doing nearly as well as you portray here.
     
    #2 dragonfly, Jul 30, 2008
  3. Revmitchell

    Revmitchell Well-Known Member
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    1.Can you refute any of the points made in the vid?
    2. What is your preception of how the economy is protrayed in the op? Details please.
    3. Who said the economy was well?
     
    #3 Revmitchell, Jul 30, 2008
    Last edited by a moderator: Jul 30, 2008
  4. Crabtownboy

    Crabtownboy Well-Known Member
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    #4 Crabtownboy, Jul 30, 2008
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  5. billwald

    billwald New Member

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    > As the Dollar goes down our exports become more valuable.

    True, but from WW2 to the 70s 80% of the profit from increased productivity went to the workers but now it goes to the CEOs.
     
    #5 billwald, Jul 30, 2008
  6. Revmitchell

    Revmitchell Well-Known Member
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    Did you watch the video?



    So then it is likely that clothing manufacturing will ramp up n the US.


    Any surplus is good.



    I cant read the minds of the feds. While it was suggested that the growth rate us accpected to show an even bigger increase I would hold on to caution and any assumptions right now.

    Anyway there are those who are crying out declaring doom and gloom because the dollar has gotten weaker and the economy slowed down. Within capitalism the market adjusts up and down. Such is to be expected. What we do not need to be doing is passing legislation to effect that market. It does just the opposite.

    What we see is that even when the dollar goes weak all is not lost as some suggest.
     
    #6 Revmitchell, Jul 30, 2008
  7. Crabtownboy

    Crabtownboy Well-Known Member
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    #7 Crabtownboy, Jul 30, 2008
  8. Revmitchell

    Revmitchell Well-Known Member
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    Isn't this rather exagerated?




    Holy Cow!



    Isn't the real argument not that only a few benefit but that the benefit is not equal?
     
    #8 Revmitchell, Jul 30, 2008
  9. Crabtownboy

    Crabtownboy Well-Known Member
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    I do believe my statement was a bit exaggerated. There are companies that call fit into the category "American Textile", but I am not sure how many manufacturer cloth vs. importing all they sell, or outsource the production to other countries. it is true that the US has imposed quotas on certain cloth products, especailly as to how much can be imported from China. So ... I guess I am incorrect in saying there is no production. Without safeguards the industry probably would die completely. Of course quotas are not in accord with the "fundamentals" of Capitalism and we complain bitterly when other countries impose quotas on our exports. Currently there is a big "fight" going on over developing countries, like India, imposing safeguard to protect their farmers. It is not a simple issue ... of course in life there is very little that is simple.

    I
    I would agree with that statement.
     
    #9 Crabtownboy, Jul 30, 2008
  10. Revmitchell

    Revmitchell Well-Known Member
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    Why should it be equal in your opinion?
     
    #10 Revmitchell, Jul 30, 2008
  11. Crabtownboy

    Crabtownboy Well-Known Member
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    Why should it not be equal? Would it not be good if everyone could benefit?
     
    #11 Crabtownboy, Jul 30, 2008
  12. Revmitchell

    Revmitchell Well-Known Member
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    Inequality does not indicate a comlete lack of benefit. Knowing that I need to repeat the earlier question. Why should they be equal in benefits?
     
    #12 Revmitchell, Jul 30, 2008
  13. Crabtownboy

    Crabtownboy Well-Known Member
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    Which is better, inequality in benefits or equality in benefits?
     
    #13 Crabtownboy, Jul 30, 2008
  14. Revmitchell

    Revmitchell Well-Known Member
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    Why should the person who puts out more risk and personal capital, provided successful leadership and management skills not receive the greater benefit?
     
    #14 Revmitchell, Jul 30, 2008
  15. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
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    I say inequality. It supplies incentive to improve your condition.
     
    #15 Bro. Curtis, Jul 30, 2008
  16. Crabtownboy

    Crabtownboy Well-Known Member
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    If that person is a Christian would he not want to help all?
     
    #16 Crabtownboy, Jul 30, 2008
  17. Revmitchell

    Revmitchell Well-Known Member
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    Christian Communism is not a biblical principle. And who says he doesn't?
     
    #17 Revmitchell, Jul 30, 2008
  18. betterthanideserve

    betterthanideserve New Member

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    The Truth?

    Actually as the value of the dollar drops internationally our products become less expensive to those that are importing them,imports on the other hand become more expensive,to those of us that choose to "buy american", if we can find anything left that is made in america become more affordable..
    I strongly disagree unless your talking about trading debt for funny money.
    Raw materials and supplys for the factories that have moved to Mexico and China?
     
    #18 betterthanideserve, Jul 30, 2008
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  19. Revmitchell

    Revmitchell Well-Known Member
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    #19 Revmitchell, Jul 30, 2008
  20. rdwhite

    rdwhite New Member

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    Yep, that's about all the FRB is good for:laugh:
     
    #20 rdwhite, Jul 30, 2008
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