Notice the Dubya has dropped the Turned The Corner phrase from his recent speechifying?

Posted by: Don at August 16, 2004 11:28 AM

Don,

You’re right… it is hard to make it sound like things are going well when the oil prices and trade deficit are banging away at companies’ plans to grow and hire folks. However, just to show how fickle the market is, I notice that the DOW and NASDAQ are way up on news that oil prices may have stabilized from the Venuzeula elections and other factors. This is why it is so easy for opposing candidates to both use and run from economic trends. What helps one candidate today will turn around and bite ‘em the next day.

BTW, I mean this sincerely as I know you are more closely tuned to the DNC and supporters of Kerry, has the Senator published or put forth any points on where the current administration went wrong on being more proactive on jobs and holding down the price of oil. All I’ve been able to gleam is sound bites about somehow that the Kerry team would have done it better. I know that they have a much better package on this than witty little comments. I really would like to know where and how the Senator would have done things differently than the President, besides just quoting Iraq as a primary culprit. Could anything had been done to keep the Russian company afloat or to somehow boost output from overseas cartels and companies?

P.S. I am not hunting for opportunities to snipe at you… I really would like to know so I can compare with what the Republicans are putting out and draw my own objective conclusions.

Thanks!

Posted by: steve at August 16, 2004 02:54 PM

That is deceptive. Americans are generaly an importing country. They buy alot of stuff, which is why it’s an important market to other countries. American generate wealth not so much by manufacturing, but by marketing. look at the money markets, and you see that Americans pull in about 2 trillion a month.
I guess to a Democrat, what’s important is how many pencils the pencil factory in the USA exports, while the American pencil factory in Belarus make 10 times as many, and brings the cash, instead of pencils, back to the USA. Thats the real numbers to look at.
If you look at the UK, you note that they make money from interests in other countries as well.
Countries like canada make their money by exporting cheap goods into the American consumer markets. So, minus hyper inflation caused by high oil prices, it’s rather stagnant that Americans have not had a whole lot of import buying above 33 billion a month. Still it’s slow but steady growth in spending, which is still good. I’d say it in reality is about 38 billion.
A drop is what you worry about.

There is something worrysome on the horizon though. The indicators are showing a hyper inflation bubble that is about to burst, we are in end game. Interest can’t drop much, and raising it will cause this bubble to burst.
Anyone worth their salt knows what I’m talking about.
If kerry gets in, you can bet that it will burst, and the USA will tumble into hyper inflation, much like the dirty thirties, except 10 times worse.
in otherwords, kerry and the democrats will raise taxes like crazy, which is the oposite of what shold be done. Interest rates will go through the roof, double digits, so if your in big debt, lock in while you can, or get out of debt as fast as you can NOW.
It will be a buyers market after this happens, IF you have cash, gold will keep going up as well.

I remember someone laughing at me here when I was saying to buy gold. It was at 239 then. who’s laughing now? (the real money was and is in silver)

Keep bush, trust me on this one, he’ll spend on millitay and create a temporary economy untill this hyper bubble deflates.

Kerry will make the depression worse. Don’t expect free health care from him, just super high tax increases, which will mean consumers will have less to spend, which means he will toss the economy into a downward siral all the faster.

Damn I’m smart huh?

Posted by: Grand Ayatollah Nathan at August 18, 2004 04:12 AM

BTW, a lower American buck is actually a good thing for american manufacturing, it makes product more affordable to other countries.
It’s a bad thing for other countries exporting into the USA. a lower american dollar raises their dollar value, and makes their goods more expensive and less competitive to American produced goods.
It’s a smart play by the USA to strenghed their position in a sluggish world economy.
It also drives up the china yen, which needs driving up.

On the other end, it makes the euro drop, and American goods more afordable and competitive as well.
You can bet your left nut that France does NOT want to see the American dollar fall much.

Posted by: Grand Ayatollah Nathan at August 18, 2004 04:21 AM

neither does Canada, although one sector, oil exports from canada to the USa benifits, nothing else does. The anuck buck has gone up 10 cents in the past year alone, which is terrible for exporters of manufactured goods to the the usa. This makes American companies more competitive, especially the off-shore ones. this in turn brings more capital into the USA as I mentioned above. If you look, canada’s exports to the USA have dropped alot in the past year, while imports from off shore US owned companies into Canada, (and other countries for that matter) have increased alot.

Posted by: Grand Ayatollah Nathan at August 18, 2004 04:26 AM