Asking the same question again and expecting a conservative to put a good argument.?

Question

Do you know Bush is taxing us more than we think he is. How? not directly but rather by indirect means. While inflation looks like it is normal government is printing more money than it ever was. As you know a euro is one of the most stable currency in the world and was about .80 cents in 2000 now costs almost $1.48. I am hoping as educated citizens you know the gold value is rising ever since paper money came to existance, But I want you to look at the pattern. http://goldprice.org/gold-price-history.... In year 2000, 68 cents were equal to one canadian dollar now it is almost 89 cents. that is about 20 cents/dollar. means in canadian currancy if you were making a $100000 a year now you are making only $80000. If you will say well it dosnt show up in price. Then the reality is food prices and basic expenses are going up. Elctronics and bigger purchases like houses and cars hasn't went up. So do you think the tax cuts were real?

Typical neocon you dont have answer. So you are frustrated. i know gold value fluctuate that is why I compared it to candian dollar. then again dosnt fluctuate the way it did in past 7 years from $350 an ounce to $720 an Ounce.

One reason gas is expensive because middle eastern country raised the price of gas. not because they wanted more money because dollar got cheaper.

Lower intrest rate makes the dollar weaker. Hmmmm. I was talking to some people in asia export goods to USA saying they are thinking about raising the price because dollar value is getting lower. There are good things that will come out of having lower dollar value no doubt. But it is still a tax on you and me.

Answer 1

Ok, so what does a weaker dollar mean to America? It means that all the goods we export are cheaper for those outside the country to buy--which means that those who make goods in the US are making a lot of money. What does the POTUS have to do with this? Nothing. This is entirely a Federal Reserve problem as exchange rates are mostly based on comparative interest rates between countries. As the US rates have been lower than many countries rates for some time now, investors prefer to hold other currencies, as they get a better rate of return. US interest rates are coming back up compared to other countries now, so this problem is fixing itself. As for the gold price, at first the rise was fueled by inflation and exchange rate worries, but now it is driven purely by speculation--there is a bubble in gold now not unlike the bubble in tech stocks in 2000. Take some classes in economics.

Answer 2

Rising prices has almost NOTHING to do with the strength of the dollar. As the son of a career truck driver, let me enlighten you. You use 2000 as a benchmark, so I will too. How much has gas gone up since then? I was paying a $1.50 a gallon in Indiana, and now we're paying almost $4.00. Now, remember that EVERYTHING that you buy (food, electronics, tires, pixie sticks) are ALL transported to their destination.

Due to gas prices, it costs more to transport all of these products to market. Who is going to eat that cost? The companies? Hell no! They're going to pass it on to you, the consumer, in the form of higher prices. Rising gas prices have done more to drive up the cost of goods than anything the fluctuation of our currency could cause.

Answer 3

I'm a staunch believer in going back to the gold standard. Your link didn't work for me but I have been watching the price of gold go up. This reminds me of the late 70's when gold skyrocketed but then went back down.

It'll be interesting to see what happens. I do agree that we've gone insane with our country's finances and have been fiscally irresponsible. I'm concerned.

Answer 4

I guess that just throws the whole Big Oil thing out the window...now Bush is Big Gold? Gold prices fluctuate and that is bought and sold on Wall Street....hmmmm, the market is doing well so lose the .org site and get on the real site for reference.

Why do we have to argue the truth to a closed-minded Bush hater anyway. Facts and truth do not meet up to their criteria in their agendas...just move-along.org and stop ranting please.

Answer 5

The Executive Branch of the government doesn't levy taxes; rather, the Legislative Branch does. If taxes concern you, look to Congress, not the President.