is there anyone in here that wants to huff and puff about our "Booming" economy?

Question

This is intended for the rightsters in here that so adamantly for the last year or two have called me every name in there limited book for asking the question..
"what will we do when the dollar is at parity with the Canadian Dollar"
now the CD is at a .30 margin above the dollar, pretty soon I'll start asking the question about the Peso...

SO let's here it ..how strong is the economy?????????

sorry Steve... when Bill left we had a surplus...
or did you forget that, or maybe you never knew??

Yes devaluation is an absolute sign that the economy is trouble............

alright Skip... I'll hand it to you ,... but they think they're rightsters and do you call them for their non-conservativeness when they are sitting beside you at church?

Answer 1

Yes, you're right, the Peso is rising against the dollar. At least THEY have the sense to control inflation. We're too screwed up to do that.

And, those huff and puff-sters are not REAL "Rightsters". Anyone who respects the Reagan era and supports free markets knows that Sound Money is a part of that whole way of thinking. George Bush is no more "right wing" than Fidel Castro. He's an embarrassment to any real conservative. His economic policies are straight out of the Lyndon Johnson playbook, just like his foreign policy.

Answer 2

Well, for starters, the strength of the dollar isn't the definitive measure of our economy. In fact, as the dollar weakens against other currencies, our exports to those countries will increase because our products appear cheaper to foreign consumers. The best measure for the strength of an economy is gross domestic product (GDP). For the third quarter in 2007, current-dollar GDP -- the market value of the nation's output of goods and services -- increased 4.7 percent, or $157.9 billion, in the third quarter to a level of $13,926.7 billion. In the second quarter, current-dollar GDP increased 6.6 percent, or $216.9 billion. Those are pretty good gains for 3 months of output..Also, disposable personal income increased $151.2 billion (6.1 percent) in the third quarter, compared with an increase of $119.1 billion (4.8 percent) in the second. Real disposable personal income increased 4.4 percent, compared with an increase of 0.6 percent in the third and second quarters respectively.

Couple those numbers with an unemployment rate of 4.7% in October, 2007 and that's more good news for the economy, considering "normal" ranges of unemployment are between 3-5%.

I know you're eager to pin anything you deem a problem on "rightsters", but you clearly lack the skills to do understand the workings of an economy. It operates in cycles and there will no doubt be times of recessions and recoveries, but the overall trend over time has been upward sloping. From this one question I can tell you assume the economy should be continually moving upward at a sustained positive rate and any deviance from your assumption is automatically the fault of people you oppose, which is idiotic. You, like a lot of socialists, think a recession will ruin us, but the only way it can is by government intervention in markets.

“If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand”
- Milton Friedman

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Update**: And responding with sarcasm in the face of facts proves what....other than you clearly don't have much to stand on of course...?

Answer 3

Well I have a roof over my head and food on the table and a steady income. Most people in America have it better than most countries do. What is your complaint now, I forgot?

Answer 4

I'm not huffing and puffing, but my portfolio sure looks nice! I have made big money over the last year, so I ain't complaining. I managed to prepay my son's college tuition and I'm now working on setting a reserve aside for his room and board.

Answer 5

ask near any European you care to if he'd like his unemployment rate to be 4.7%.

Btw, Canada's unemployment rate is 5.8% (I think).

***
ok, if jobs aren't the measure of a booming economy [and work income is 70% of all income] ... then what is?

real wages, on average, are also up over the past 5 years. After taxes, too.

***
The Mexicans camping out in the forest behind your house would really like to have jobs that pay as well as ours back home. Care to give 'em yours?

Answer 6

the problem is that you haven't done your research, because if you did you have learned that how the strength of an economy is measured and the value of its currency - are not related or even veiwed in the same fashion. do some googleing or yahoo searching on the two- it amazing how it works and it makes absolutely no sense.

Answer 7

Is deflation on an international level a definitive sign of a poor economy?

I don't think it is. We've been hearing a lot of news about the economy doing well internally. I don't think one piece of info is determinative.

Answer 8

two tax cuts, ive had a steady job for three years with raises. my interest rate on my house lowered and it will be mine faster. its been ok for me liberal. better than with clinton...

- The only president ever impeached on grounds of personal malfeasance
- Most number of convictions and guilty pleas by friends and associates*
- Most number of cabinet officials to come under criminal investigation
- Most number of witnesses to flee country or refuse to testify
- Most number of witnesses to die suddenly
- First president sued for sexual harassment.
- First president accused of rape.
- First first lady to come under criminal investigation
- Largest criminal plea agreement in an illegal campaign contribution case
- First president to establish a legal defense fund.
- First president to be held in contempt of court
- Greatest amount of illegal campaign contributions
- Greatest amount of illegal campaign contributions from abroad
- First president disbarred from the US Supreme Court and a state court
liberals...gotta love em(sic)

Answer 9

Yea, it got bad in March of 2000 and hasnt recovered. Who was prez then? Oh yea, Clinton.

Answer 10

Our economy is okay. You can take that little monetary measurement if you will, but know that if we fall, the rest will fall harder.