[pico]

http://finance.yahoo.com/banking-bud...YGAxoCXsC7YWsA

not a big fan of a woman president, but according to this article, hilary seem to be the only front running candidate (between mccain and obama) that promotes saving. save more and borrow less will lead to a stronger dollar.

[CrazyLou]

You'd have to put a gun to my head to make me vote for Hilary.

[pico]

Originally Posted by crazyl

You'd have to put a gun to my head to make me vote for Hilary.

i am just quoting the article. candidates will say anything to get elected, so i would take whatever on that article as grain of salt. but in reality when it comes down to obama vs mccain in the national. i would want to vote for the candidate that promote saving and less borrowing.

[The HG]

It's hard to say how much McCain and his peeps would continue the "fukk the working people" pattern of economic actions of recent Republicans. He does seem to have no trouble deviating from what he is pressured to do.

Obama though would definitely be a dollar supporter.

[capitalist pig]

Originally Posted by The HG

It's hard to say how much McCain and his peeps would continue the "fukk the working people" pattern of economic actions of recent Republicans. He does seem to have no trouble deviating from what he is pressured to do.

Obama though would definitely be a dollar supporter.

Just out of curiousity, could you tell me what is the $ level per year where one stops becoming a working person, and becomes a republican peep?

later

[The HG]

Originally Posted by capitalist pig

Just out of curiousity, could you tell me what is the $ level per year where one stops becoming a working person, and becomes a republican peep?

later

What do you mean? There are plenty of working people who also consider themselves Republican. They vote Republican either because they aren't aware they're getting fukked economically by doing so, or because they are aware but are willing to sacrifice that for some other perceived benefit they care more about.

I'm not aware of any $ level where people are more likely to be a Republican.

[jaypavs]

I don't know Republican or Democrat but how about this. Find some projects that don't work (about 99.99% of them) and stop funding them, have everyone pay the same tax rate because we all use the same amount of gov't (plus it will get rid of of class warfare b.s.), get rid of bureaucratic regulation (get the gov't off your back), discontinue employers sending in taxes and have individuals pay their taxes quarterly (tax payers will revolt when they have to part with their hard earned money), let people invest there own money for the future if they choose rather than giving it to the gov't in the form of soc. security, cut taxes to nothing, force elected officials to spend only what they have and no more, and get rid of earmarks (even though they are a small % of gov't spending they corrupt public officials. That should do it.
Any male who doesn't think a long these lines should turn his male gender card in and apply for a female card.

[purecarnagge]

you guys realize the dollar has fallen more over Bush's tenure than any other modern day president?

[pico]

Originally Posted by purecarnagge

you guys realize the dollar has fallen more over Bush's tenure than any other modern day president?

i blame the war. unless you can colonize and plunder, war is bad for the eocnomy...pretty obvious. if bush admin didn't start the war, we'll be in pretty good shape.

[jaypavs]

While the dollar has definitely dropped a considerable amount during "w's" presidency could you please tell me what he has done to reduce the value of the dollar.
You can put the blame on the Fed, not the president, they control the money flow and have been printing money to combat inflation and keep the economy going through cheap interest rates thus watering down the value. Now you can argue that pork barrel spending has contributed to some degree to the reduction in the dollar, if you believe that you can blame the president for not vetoing the spending bills.

[Mr Fury]

If you do more research, you will find that
Bill Clinton was behind the China trade treaty(also
known as the Bill does Wal Mart a favor since
Hillary was allowed to serve on the BOD of WalMart).
The treaty cost tens of thousands of Americans
their good paying jobs so that those jobs could go
to China. Thus we can have cheaper TV's etc.
Frontline does a great show on this issue.
I laughed everytime the demorats in the dabates
talk about how much money we owe China and how
they were going to bring jobs back to America
when all of them supported this treaty.

It is all a big game on both the right and the left. The machine has the electorate addicted to the handouts and the BS

[willyback]

If you want a strong dollar...

1. Stop buying Chinese imports.
2. Restore America's manufacturing capacity.
3. Ship out more quality American-made exports.
4. Find an alternative to oil.
5. Payoff America's foreign debts to Dubai, Saudi Arabia, Germany, Japan, and China.

Good luck and good night.

[Deuce]

Originally Posted by willyback

If you want a strong dollar...

1. Stop buying Chinese imports.
2. Restore America's manufacturing capacity.
3. Ship out more quality American-made exports.
4. Find an alternative to oil.
5. Payoff America's foreign debts to Dubai, Saudi Arabia, Germany, Japan, and China.

Good luck and good night.

Solid post.

[willyback]

Originally Posted by Deuce

Solid post.

Thanx

Coming out of Detroit - you must know about the need to restore American manufacturing better than any of us.

[Deuce]

Originally Posted by willyback

Thanx

Coming out of Detroit - you must know about the need to restore American manufacturing better than any of us.

Unemployment here is 10%. Just shut down the night shift at the Sterling Heights Dodge Avenger plant about 10 miles from my place. Everything is fucked here.

[Justin7]

Originally Posted by willyback

If you want a strong dollar...

1. Stop buying Chinese imports.
2. Restore America's manufacturing capacity.
3. Ship out more quality American-made exports.
4. Find an alternative to oil.
5. Payoff America's foreign debts to Dubai, Saudi Arabia, Germany, Japan, and China.

Good luck and good night.

What's devaluing the dollar?
Government spending more than it makes, financed by debt. Every year our national debt increases. The more we owe, the greater the chance of either a. The US defaulting on its obligations, or b. massive minting of money. Either kills the dollar.

You can't convince a free market to stop buying Chinese goods if they are better priced. If they are worse (e.g. lead poisoning in toys) that will affect the fair price, but for now, Chinese labor is cheaper. It's less expensive to manufacture in China and ship, than to build in the US.

US manufacturing contributes to a lesser degree. Unions were good once, but now they are destroying our economy. Also, our health care fiasco is crushing our competitiveness. GM's cars cost $2000 more PER VEHICLE due to employee health care than that of our competitors.

Find an alternative to oil... other countries are so far ahead of us, because they have been taxing the heck out of gas. 10 years ago, most of Europe charged $3/gallon (back when we were $1-ish). As a result, small cars sold well. We're just now figuring out that fuel efficient cars are good. Americans like their gas guzzlers. My Jetta Diesel gets 50 mpg, and there are plenty of other "family cars" that get in that range. But as long as people want their Hummers and SVUs, there won't be an easy fix for oil.

Pay off debts... How? Raise taxes? Cut spending? 20% of our national budget goes to financing our debt (paying interest). Our debt grows each year. You can't cut the debt until you make painful cuts - like not starting stupid wars in Iraq (which has cost us over a trillion so far - that's more than $3300 for every many, woman and child in the US, including illegal immigrants).

You want to fix the dollar, you need to fix our country. It will suck. People will have to work longer hours, make less money, and get better educated. The lower class doesn't want to hear that, and won't support an honest candidate. Ergo, we're screwed until external forces make a change. That won't be pretty.

What do you do if you are stuck in the US? Invest in international companies. Have your sportsbooks keep your accounts in Euros. Move out of the U.S.

[Deuce]

Originally Posted by Justin7

What's devaluing the dollar?
Government spending more than it makes, financed by debt. Every year our national debt increases. The more we owe, the greater the chance of either a. The US defaulting on its obligations, or b. massive minting of money. Either kills the dollar.

You can't convince a free market to stop buying Chinese goods if they are better priced. If they are worse (e.g. lead poisoning in toys) that will affect the fair price, but for now, Chinese labor is cheaper. It's less expensive to manufacture in China and ship, than to build in the US.

US manufacturing contributes to a lesser degree. Unions were good once, but now they are destroying our economy. Also, our health care fiasco is crushing our competitiveness. GM's cars cost $2000 more PER VEHICLE due to employee health care than that of our competitors.

Find an alternative to oil... other countries are so far ahead of us, because they have been taxing the heck out of gas. 10 years ago, most of Europe charged $3/gallon (back when we were $1-ish). As a result, small cars sold well. We're just now figuring out that fuel efficient cars are good. Americans like their gas guzzlers. My Jetta Diesel gets 50 mpg, and there are plenty of other "family cars" that get in that range. But as long as people want their Hummers and SVUs, there won't be an easy fix for oil.

Pay off debts... How? Raise taxes? Cut spending? 20% of our national budget goes to financing our debt (paying interest). Our debt grows each year. You can't cut the debt until you make painful cuts - like not starting stupid wars in Iraq (which has cost us over a trillion so far - that's more than $3300 for every many, woman and child in the US, including illegal immigrants).

You want to fix the dollar, you need to fix our country. It will suck. People will have to work longer hours, make less money, and get better educated. The lower class doesn't want to hear that, and won't support an honest candidate. Ergo, we're screwed until external forces make a change. That won't be pretty.

What do you do if you are stuck in the US? Invest in international companies. Have your sportsbooks keep your accounts in Euros. Move out of the U.S.

Liberal?

Sorry I didn't read but I thought so by the length of the argument.

[Justin7]

I'm a moderate, and hate both parties right now.

The Republicans support this war we created. The Democratic Congress is pissing away Billions on earmarks. I sometimes think we'd do better with an automatic veto of any bill. Then only bipartisan stuff will get through. As much as I despite Bush, he's in the right vetoing the bills laden with Democratic special-interests.

[willyback]

Originally Posted by Justin7

What's devaluing the dollar?
Government spending more than it makes, financed by debt. Every year our national debt increases. The more we owe, the greater the chance of either a. The US defaulting on its obligations, or b. massive minting of money. Either kills the dollar.

You can't convince a free market to stop buying Chinese goods if they are better priced. If they are worse (e.g. lead poisoning in toys) that will affect the fair price, but for now, Chinese labor is cheaper. It's less expensive to manufacture in China and ship, than to build in the US.

US manufacturing contributes to a lesser degree. Unions were good once, but now they are destroying our economy. Also, our health care fiasco is crushing our competitiveness. GM's cars cost $2000 more PER VEHICLE due to employee health care than that of our competitors.

Find an alternative to oil... other countries are so far ahead of us, because they have been taxing the heck out of gas. 10 years ago, most of Europe charged $3/gallon (back when we were $1-ish). As a result, small cars sold well. We're just now figuring out that fuel efficient cars are good. Americans like their gas guzzlers. My Jetta Diesel gets 50 mpg, and there are plenty of other "family cars" that get in that range. But as long as people want their Hummers and SVUs, there won't be an easy fix for oil.

Pay off debts... How? Raise taxes? Cut spending? 20% of our national budget goes to financing our debt (paying interest). Our debt grows each year. You can't cut the debt until you make painful cuts - like not starting stupid wars in Iraq (which has cost us over a trillion so far - that's more than $3300 for every many, woman and child in the US, including illegal immigrants).

You want to fix the dollar, you need to fix our country. It will suck. People will have to work longer hours, make less money, and get better educated. The lower class doesn't want to hear that, and won't support an honest candidate. Ergo, we're screwed until external forces make a change. That won't be pretty.

What do you do if you are stuck in the US? Invest in international companies. Have your sportsbooks keep your accounts in Euros. Move out of the U.S.

I respect your thoughts and opinions on the issue.

Simply for the sake of debate...

Just because Chinese goods are cheaper we're not obligated to buy them.

It's as simple as this...

Isolationism made us strong - relying upon no other nation, but our own.

Globalization is making us weak - relying upon other nations' goods and services for our survival.

The items that I pointed out earlier are geared towards isolationism. There's no reason for India's workforce to be preparing American citizens' tax returns (that's just crazy).

That's it.

[slacker00]

I don't see how Obama will differ from Hillary on macroeconomic policy. Either one will take the party line.

I'm not convinced that savings accounts for children will do much to strengthen the dollar.

[Dark Horse]

Originally Posted by Deuce

Liberal?

Sorry I didn't read but I thought so by the length of the argument.

Republican?