Sinking currency,sinking country?

Question

http://www.townhall.com/columnists/PatrickJBuchanan/2007/11/02/sinking_currency,_sinking_country

Has U.S free trade policies bankrupted our nation? Are MILLIONS of jobs gone forever?

Noreen... What American products?

Do you support NAFTA?

Answer 1

I have to agree with the question about US Products! We don't MAKE anything any longer! I wish people would start thinking for themselves instead of just vomiting the most recent dribble from the idiots talk points of the day!

Yes, I agree that a weak currency means that our country is also weak. They are doing this so that the idea of the North American Union will be a GOOD idea.

People you are being PLAYED if you don't think that this is actually what is going on!

Answer 2

Yes, a sinking currency is a sign of a sinking country.

But the article is wrong. Free trade is not the problem. George Bush IS primarily to blame.

He, and the Federal Reserve chairman he appointed, are careless about inflation, and have presided over a wild increase in the money supply. Anyone who has a clue about monetary policy knows that a 16% annual increase in the money supply, while GDP is increasing by only 3%, will lead to massive inflation. Idiots.

Answer 3

No need to panic. I read your link to Pat Buchanan's article, and it was pure Pat. He has been the representative of conservative isolationism for two decades now.

Currencies are always in flux. A currency that goes too high is as bad as one that sinks too low. A high currency means that everything that you produce is priced out of reach to foreigners. The foreign-exchange markets are always trying to find the right balance. The dollar has been sinking lately due to the "sub-prime" housing loan crisis, which some say affects fully one-third of all bank loans in the US. No doubt it is a problem. As are record deficits and current account liabilities.

But we've been through all this before. And we've tried to stop international trade before, too. The infamous Smoot-Hawley tariffs in the 1930s helped keep the US in depression longer than any other modern nation. We must go global, or die. And we can't fear competition - for one thing, the US has been leading the world in productivity, by any measure, for over a century. It's in our genes now.

Answer 4

To correct this issue, what I believe we should do is...

1.) Stop overseas manufaturing. Yes, this my leave thousands of sweat-shops with out work, but some other country can pick them up.

2.) Use our own oil instead of buying it at hiked up prices from Saudi Arabia. We'll save money that way.

3.) Get our farms going again, to drive down the cost of food, and then export our left overs. We can feed the world from our soil, so lets try to do that.

4.) Temporarily close our borders to immigrants. Here's why: We need to create a better way for immigrants to come into this country. 100 years ago, Immigrants came through Ellis Island. There was only one way to get in. We should do this again. There are too many illegal immigrants in this country, they are dangerous, and unregisterd. For all we know these aliens could be terrorists. I'm not saying Mexicans... I'm saying all of the illegals, no matter how long they have lived here, should be taken out of the country, and be told that if they want in, they have to wait in line. Many people won't agree with this, but if we can just make it better and more secure for our citizens and for our hopeful immigrants, everyone can get a piece of the pie.

5.) Get the people off Welfare that don't need it, and create a Welfare-to-Work system and stick with it. That will save us some money right there. A friend of mine is STILL living in a FEMA trailor in New Orleans. Its time to get up, relocate, and rebuild. There are people on Welfare that are abusing the system. I'll be honest, my youngest daughter is on WIC, but she also has a medical conditon, and we don't make enough money to purchase the special formula that she has to have.

6.) Create a better and more organized plan for the War on Terror. I'm not going into my positon on the war, because thats just a waste of time. My husband is over there. All I can say is that I support the troops, but I digress. Are we coming? Are we going? Are we just going to hang out there untill America likes what Iraq has become? Who knows, because there is no real direction. But what I can tell you is this. There will be a permanant base there, just like Korea. And you can place bets that 10 years from now, there will be un-accompanied tours to Iraq, just like Korea.

7.) We need to buy American. Not just with cars, but for 75% of our products. This will bounce back the economy.

8.) Saving energy is saving money. Money saved creates a better economy. If everyone switch their bulbs to high efficency bulbs, and used HE washer and dryers. If everyone shut off the sink while brushing their teeth, or turned out the light when they weren't in the room... there is a hufe amount of money saved right there.

To make a wicked long answer just a little bit shorter, we need new ideas. We need new leadership. We need to get together and work out a solution. People need to vote, and they need to talk to their local governments and bring all of this stuff up to the top.

We are Americans, lets help out eachother and get this economy to bounce back.

Answer 5

Getting competition with gold and silver currency to run in parallel with the FED would help to dramatically improve our very controlled economy. Its time to open the real gates to prosperity. Though it will take a real fight im afraid.

Damn good answer fedup.

Answer 6

I believe the good reputation that the United States had throughout the world is indeed sinking; however, still repairable. And this writer believes will happen.

The U.S. greenback, I sense, is in the same manner: it's down, but not out.

Answer 7

no, because there are none. I really have requested similar questions, each and every of the answer you receives is: that's known, perhaps contained in the destiny, in 365 days 2100 or different such grants. enable me see one and that i will have self assurance in sea factor upward push.

Answer 8

We've survived far worse financial disasters in the past and come back stronger than ever.

If Hilarious Hillary makes it to the White House you'll *really* see some truly disastrous economics in action ala socialism

Answer 9

depends because if the dollar continues to drop and American products continue to appear "cheaper" so the rest of the world it could mean that people will start to buy those products more than the formerly cheaper products. But I guess we will just have to wait and see.

Answer 10

What American products? Try airliners for example.