whoever wins, the country has a load of debt to repay the rest of the World in a sensible way if a big recession is to be avoided.
The sort of debt levels that would see a smaller country like korea, mexico or sweden pushed over by the world financial community, interest rates zooming up.
When it is the US, banks are more wary of doing this because the $ is the world currency in effect. But this can't go on for ever, the US has been living too much beyond its means for too long.
The sort of debt levels that would see a smaller country like korea, mexico or sweden pushed over by the world financial community, interest rates zooming up.
When it is the US, banks are more wary of doing this because the $ is the world currency in effect. But this can't go on for ever, the US has been living too much beyond its means for too long.
There is really little the US can do about it. I agree it is a mess, but much of the imbalance is pushed by a number of Asian countries that won't allow the dollar to depreciate properly. South Korea is trying to stay competitive with China and Japan now and also buying up the buck with a vengeance. If the three countries allowed a true floating rate the trade deficit would be greatly reduced. On the flip side though inflation would likely be problematic, growth would be anemic, and the economy still wouldn't produce much improvement on the jobs front. Still the fact is as long as every country in the world want to do business with us, even the ones we don't allow to like Cuba and North Korea, there will still be far more demand for the dollar and hence a structural trade deficit.
Blah, blah, blah, blah!
What a bunch of blather!
Two points -
First, if the country could get through the Jimmy Carter term and recover without permanent damage, it could go through just about anything!
Second, When Ronnie Reagan became President, the left was screaming death and degradation for the poor; while the middle class blossomed and the poor were better off than ever before under Reagans teflon hand.
When Bill Clinton assumed control of the Oval Office, the right screamed that the morals of the USA and the great Reagan economy would go down in flames - and the country prospered even more while Monicagate held our rapt attention.
According to both sides, this great nation should have imploded in economic depression and religious or class rebellion. We continue to have the most powerful economy in the history of the world; class distinctions are almost invisible; the middle class continues to expand; and the extremes continue to dominate the news.
There are some things I both like and dislike about Junior, and I prefer him over the war hero who turned on his own, but lets all face it - - excepting the possibility of another Jimmy Carter, they're all pretty much the same.
What a bunch of blather!
Two points -
First, if the country could get through the Jimmy Carter term and recover without permanent damage, it could go through just about anything!
Second, When Ronnie Reagan became President, the left was screaming death and degradation for the poor; while the middle class blossomed and the poor were better off than ever before under Reagans teflon hand.
When Bill Clinton assumed control of the Oval Office, the right screamed that the morals of the USA and the great Reagan economy would go down in flames - and the country prospered even more while Monicagate held our rapt attention.
According to both sides, this great nation should have imploded in economic depression and religious or class rebellion. We continue to have the most powerful economy in the history of the world; class distinctions are almost invisible; the middle class continues to expand; and the extremes continue to dominate the news.
There are some things I both like and dislike about Junior, and I prefer him over the war hero who turned on his own, but lets all face it - - excepting the possibility of another Jimmy Carter, they're all pretty much the same.
Hey Liberal ladies....
I agree...we should have just ignored the bad men, like Clinton did while getting BJs in the oval office....yeah..that is what we should have done...
I agree...we should have allowed corporate america to continue it's fall while our president was getting hmmmmmmers in the oval office....but yeah you are right, the day Bush put his hand on that bible the whole structure fell apart....yeah that is what happened ladies...
I am with ya...we should have ignored the bad men and just tried to live peacefully...
BUSH will smoke this clown Kerry without question....especially with Edwards now...
Edwards will not help him win Florida or Carolina, as Kerry things...give me a break...
Keep up the fight though, you losers are as funny as hell especially the 3rd Grader Lander...
HAHAHAHHA
HH
I agree...we should have just ignored the bad men, like Clinton did while getting BJs in the oval office....yeah..that is what we should have done...
I agree...we should have allowed corporate america to continue it's fall while our president was getting hmmmmmmers in the oval office....but yeah you are right, the day Bush put his hand on that bible the whole structure fell apart....yeah that is what happened ladies...
I am with ya...we should have ignored the bad men and just tried to live peacefully...
BUSH will smoke this clown Kerry without question....especially with Edwards now...
Edwards will not help him win Florida or Carolina, as Kerry things...give me a break...
Keep up the fight though, you losers are as funny as hell especially the 3rd Grader Lander...
HAHAHAHHA
HH
Wildbill - No habla Espanol - Capisco pocu Italiano, parlo piano.
I was refering to Frenchy Kerry - He speaks French very well, spent many summers with rich relatives in France, and still has a lot of French connections. He is French thu and thru!
By the way, I learned most of my French in Vietnam - the first time babysan grabbed my thing and said "voulez vous coushez avec mois", I about knocked her off of my lap digging my wallet out. Ahhh, but to be 18 again!
I was refering to Frenchy Kerry - He speaks French very well, spent many summers with rich relatives in France, and still has a lot of French connections. He is French thu and thru!
By the way, I learned most of my French in Vietnam - the first time babysan grabbed my thing and said "voulez vous coushez avec mois", I about knocked her off of my lap digging my wallet out. Ahhh, but to be 18 again!
