[peeb]

Originally Posted by tie 

Exactly. Record deficits are normal under Republican presidents. If the Dems really cared about balancing the budget, they'd nuke Alaska, New Orleans, and every other state that doesn't pay as much in taxes as it receives back from the government.

No, they'd shut down the war on Iraq.

[ironknee]

Originally Posted by peeb 

No, they'd shut down the war on Iraq.

...that gwb started and got us in this whole mess

[Face Ache]

Originally Posted by ironknee 

...that gwb started and got us in this whole mess

At the end of 2001, 75% of Americans preferred GWB over Al Gore as a "War President".

In 2004 they re-elected him.

Don't blame the fool. Blame the people who crowned the fool.

edit:

And still:

Depending on how it is asked, more than a third of Americans say Saddam Hussein was personally involved in those attacks. In a New York Times/CBS News Poll in September, 33 percent of the respondents said Saddam Hussein was “personally” involved. In June, when Princeton Survey Research, polling for Newsweek, asked if “Saddam Hussein’s regime was directly involved in planning, financing or carrying out the terrorist attacks,” 41 percent said yes.

That's now, in 2007. You can't help people who won't help themselves.

[shabbasuraj]

Originally Posted by shabbasuraj 

Loonie is now @ PAR with the US dollar.

AWESOME.

Loonie is simply destroying the greenback today..

at about 1.038...

awesome...


I predict $1.10 by the holiday season..

[Eug]

Originally Posted by glideslope 

You do realize the only reason we have an economy currently is from Chinese investment of Trillions of dollars in TBills.

The dollar goes to low. They start putting billions in the EU, or Canada the US goes bankrupt. Thanks to George Bush. The worst type of politician. One who approves out of control spending, with constant Tax Cuts.

Very much like the mess we have in NY State. Years of spending growth double the inflation rate while cutting taxes all the time.

So what is wrong? Easy the jobs the tax cuts create are overseas. The middle is being destroyed. We will have the Royalty, and the Peasants down the road.

Actually, China is already starting to put their money elsewhere. They need to keep money in the US to keep things flowing smoothly, but they're also investing more of their foreign reserves in other currencies because the US dollar is doing so poorly and they already have so much of it.

Originally Posted by Eug on Sept. 28 

CAD: $1.004
GBP: $2.035
Euro: $1.414
Yen: $0.00868
Yuan: $0.133

October 19, 2007

CAD: $1.037
GBP: $2.048
Euro: $1.427
Yen: $0.00870
Yuan: $0.133

Note the yuan still refuses to budge. Whoever thinks the yuan isn't (effectively) pegged is fooling themselves.

Originally Posted by shabbasuraj 

Loonie is simply destroying the greenback today..

at about 1.038...

awesome...


I predict $1.10 by the holiday season..

I doubt it. I suspect somewhere between US$1.01 and US$1.05.

[shabbasuraj]

Loonie touched 1.04 this morning...

that is HOTTT.

[Andrew Stephens]

I used to do lots of work for American businesses (I'm in the UK). I can't afford it anymore. I was producing work to a fixed dollar cost since their other suppliers were all american. Lost my entire profit margin and more. Had to stop.

[Eug]

Originally Posted by Eug 

Actually, China is already starting to put their money elsewhere. They need to keep money in the US to keep things flowing smoothly, but they're also investing more of their foreign reserves in other currencies because the US dollar is doing so poorly and they already have so much of it.

October 19, 2007

CAD: $1.037
GBP: $2.048
Euro: $1.427
Yen: $0.00870
Yuan: $0.133

Note the yuan still refuses to budge. Whoever thinks the yuan isn't (effectively) pegged is fooling themselves.

October 27, 2007

CAD: $1.039
GBP: $2.051
Euro: $1.425
Yen: $0.00876
Yuan: $0.1336

The yuan has actually moved!

[Eug]

Originally Posted by shabbasuraj 

I predict $1.10 by the holiday season..

Originally Posted by Eug 

I doubt it. I suspect somewhere between US$1.01 and US$1.05.

Hmmm... Who knows? shabbasuraj you may be right.

Originally Posted by Eug 

October 27, 2007

CAD: $1.039
GBP: $2.051
Euro: $1.425
Yen: $0.00876
Yuan: $0.1336

The yuan has actually moved!

October 29, 2007

CAD: $1.046
GBP: $2.060
Euro: $1.430
Yen: $0.00871
Yuan: $0.1338

I wonder if this is going to have an affect on Mac pricing. In the very least I would hope that Apple would drop the pricing to equivalent to US pricing when the next Macs are released. I just hope that Apple doesn't have to increase the US pricing.

[shabbasuraj]

1.047 today....

hold 'on t'yer Hats...


$1.10 here we come...

[peeb]

Originally Posted by tie 

I can't agree. The US already more than competes with China and other developing world economies. A lower dollar just helps us more. Well, it hurts companies who have moved manufacturing offshore (e.g., Apple), but helps companies still manufacturing here. It also helps US companies selling products overseas and bringing back dollars (e.g., Apple).

Sorry Tie - I think I missed your response to my question - in which areas without government subsidy or protection is the US competitive with China?

[Eug]

Originally Posted by Eug 

Hmmm... Who knows? shabbasuraj you may be right.

October 29, 2007

CAD: $1.046
GBP: $2.060
Euro: $1.430
Yen: $0.00871
Yuan: $0.1338

Hallowe'en

CAD: $1.052
GBP: $2.078
Euro: $1.446
Yen: $0.00868
Yuan: $0.1338

Wow. Despite the continued fall of the US dollar, the Yen continues to suck.

Oh and the CAD is now worth than US$1.05.

[tie]

Originally Posted by peeb 

Sorry Tie - I think I missed your response to my question - in which areas without government subsidy or protection is the US competitive with China?

Our per capita GDP is 5.5 times China's. So I think it is up to you to argue that we aren't competitive. If you want some place to start, look up the statistics on manufacturing…

[peeb]

Originally Posted by tie 

Our per capita GDP is 5.5 times China's. So I think it is up to you to argue that we aren't competitive. If you want some place to start, look up the statistics on manufacturing…

Oh I'm sorry, I was using the word competitive in the conventional sense of having an industry that can compete. You made the claim, the burden of proof rest with you - there are a ton of industries that simply don't exist in the US any more, and without government subsidies, more would also disappear - I'm asking you for examples of some industries that are competitive with China, without corporate welfare. As I suspected, you can't do this.

[nonhuman]

Originally Posted by peeb 

Oh I'm sorry, I was using the word competitive in the conventional sense of having an industry that can compete. You made the claim, the burden of proof rest with you - there are a ton of industries that simply don't exist in the US any more, and without government subsidies, more would also disappear - I'm asking you for examples of some industries that are competitive with China, without corporate welfare. As I suspected, you can't do this.

It's not a bad thing that there are industries that no longer exist in the US. That frees up American workers to move on to newer and potentially more profitable things.

[peeb]

That may well be true. I'm asking to see a non-government subsidized industry in the US that is competitive with China.

[nonhuman]

Originally Posted by peeb 

That may well be true. I'm asking to see a non-government subsidized industry in the US that is competitive with China.

My point was that there doesn't need to be any. If China is better at doing x, and the US is better at doing y, it makes the most sense for China to do x and the US to do y, rather than China and the US both doing x and y. Specialization and the division of labor is pretty much the foundation of civilization.

That said, why must the US industry be non-government subsidized in order to be competitive with China? China is a communist country, almost all their industry is government funded/run to some extent.

[peeb]

I'm not saying that there must be. The claim was made that there were some. I don't beleive it, and was asking for examples. If there are none, that's ok, I just wanted to establish that.

[shabbasuraj]

Originally Posted by shabbasuraj 

I predict $1.10 by the holiday season..

+11111111111111111111



$1.07 today...

$1.20 by Jan. 1



SICK