Is the US economy ignorant?

Question

Ignorant of numerous forces beyond their control that they created decades ago.
Greed started the demise of the US economy.
Now its time to pay up.
To bad.
Most things Americans buy are NOT made in America. Most things Europeans and Asians buy are NOT made in America.
The dollar is weakening. Europeans and Asians have less and less reason to support the US economy because of the weakening dollar,agriculture losses,the severely weakening residential construction industry,oil/gas prices rising(europe has high gas prices but they have numerous alternatives to vehicle travel-we dont-California has NO true state transportation system),etc...... The list is longer than I can write.
CAN YOU DO THE MATH?

There were tremendous agricultural losses this year in the US with the strange weather patterns, frost damage, floods, etc. Funny how no one recognizes that.

Truck drivers from Mexico soon will be trucking into the US.
US truckers will be able to truck into Mexico.
Unfortunately US trucker operations cost 40% more than truckers from Mexico putting US truckers at a huge disadvantage. Yes US truckers WILL lose money. Our exports to Mexico are minimal at best. Our imports from Mexico are immense.
Do the math.

Since 2001, employment in U.S. textile mills and apparel manufacturing have both dropped by half, while jobs at toy makers have dropped by 40% and furniture makers by 20%.

Music, TV shows, Movies, California wine, texas beef, artillery
Music? How many americans make a living off of importing music? Very few. The cds certainly are not manufactured here.
TV shows? maybe 5 years later as a re run. I lived in Europe. No one watches US TV shows there. California wine is certainly understandable but thats only one export and Australia and Chile have taken a big chunk of the industry.

US losing Saudi Arabia oil imports to Asia 2007
http://www.mywesttexas.com/site/news.cfm

Tax systems in Europe and other countries are much harder. In Europe you have environmental laws that are much harder to deal with yet many countries there have a greater standard of living than the US.

Answer 1

yes unfortunately I see the math, however economists don't seem to know how to subtract. remember when everyone was so thrilled that the Dow hit 13000? the same day the dollar hit its weakest mark against the euro.
you mentioned the weakening residential construction industry. beyond that, the entire housing market is leveling off and all the paper pushers and money swappers and lenders are in trouble. not to mention Americans in general don't save money, they think of it in equity or liquidity - a false pretense. the deficit spending weakens the dollar by inflation as well. the list goes on as you said.

Answer 2

An economy is an agregate, it has no self-awareness, so cannot be ignorant.


Americans may well be unaware of many of the shifts that have taken place as thier economy has gone from industrial to 'post-industrial,' though, yes.

It may not be as bad as you think, though, because you're just looking at things that were vital to the economy in the past. Today, there are different factors - though, of course, some of them show warning signs, too. For instance, in a post-industrial economy, the education and initiative of your labor force is vital, and America is not keeping up with the advances other nations are making in those areas.

Answer 3

Actually America Exports many things, from Music, TV shows, Movies, California wine, texas beef, artillery etc. You just dont really see these thing. Having the American dollar weaker will promote american exports. And thus allow america to continue to manufacture and create exports.

Answer 4

Umm...

a weaker dollar means less imports and more exports

agriculture losses? what?

residentials are coming down from the longest expansion boom ever

higher gas/oil prices give incentive to find/create the alternatives we lack...it's how a free market works as long as the socialists keep their hands off of it....

But, to answer your question: The economy isn't ignorant, nor is it intelligent....it's merely a term used to describe the production and exchange of goods and services.

Answer 5

And yet the dow jones is hitting record highs. How about them apples. Kinda strange huh. Just think what would happen if the tax system was restructured so companies could stay here. There are sooo many variables in the economy, that no one dares tries to really fix what is wrong with it.

Answer 6

Yes, the US economy is "ignorant" because it is a free market that responds to supply and demand. The "market" does not have intelligence but merely responds to demands placed on it by the minds of intelligent people who are active "in" the market.

I've been doing the math for years... it adds up in my bank account through prosperity.

True markets are not manipulated or controlled, they are free to do what markets naturally do--and therein lies the opportunity.

Answer 7

Try to keep the peas on the plate and don't spill gravy everywhere. Good boy.