The dollar is falling through the floor. The Canadian dollar is worth more for the first time since I've been alive. And there is not talk of it rebounding any time soon.
Our national debt is at Nine Trillion Dollars with no end in site. It has almost doubled in the past 7 years.
This country spends way beyond its means. We are even borrowing money from China to fund the war in the Middle East.
Which candidate can turn it around and how are they going to do it?
2007-12-03
05:59:21
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22 answers
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asked by
ducktown10
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in
Politics & Government
➔ Elections
I may be wrong on this, but aren't oil prices around the world set by the U.S. Dollar. So oil prices are higher because our dollar is worth less. And then again correct me if I'm wrong, the price I pay for gas has something to do with the price of oil.
And for those that say the economy is fine, tell that to the hundreds of thousands of people that have or will have their house forclosed on.
2007-12-03
06:34:58 ·
update #1
None that claim to be "fiscal conservatives," we've already seen what they can do.
2007-12-03 06:27:48
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answer #1
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answered by Alex G 6
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I think your wrong because oil is petroleum which is slowly, but gradually disappearing. I have studied about this and found at the rate we are using oil it will disappear after about 45 years. This is because we are using it for plastic, transportation, oil, and etc. This means that we must be careful of how much we use, and because its becoming rare we must depend on other resources.
I'm pretty much saying that oil or petroleum is getting rare, and therefore we have to pay more for it.
There is also the effect of global warming it can cause on the world.
Other wise I don't know if anyone in the world could change that petroleum is becoming rare.
About how much the U.S. spends the one with the best experience.
2007-12-03 14:26:22
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answer #2
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answered by NarutoFreak1589 2
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You aren't talking about the economy. You are talking about the strength of the dollar against foreign currencies and the deficit. The economy is doing quite well and has been for 5 years now. Who would turn it around and make it worse? The Dems that want to raise taxes would be a good starting point.
2007-12-03 06:08:07
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answer #3
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answered by booman17 7
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Okay, first of all raising taxes will not turn this economy around. Then looking at the economy we see that the biggest problems are deficit spending and subprime loan problems. Budget restraints would help. Reducing interest rates or freezing sub-prime rates would also help.
So this cancels out all the Democratic candidates. It also backs up candidates which support the Fair Tax. So, that leaves us with Ron Paul and Huckabee.
2007-12-03 06:09:22
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answer #4
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answered by Dr. D 7
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You liberals cannot complain about IRAQ so you complain about the economy, which is slightly slowing but is far from bad or a recession.
Also the value of the US dollar has very little effect on citizens in the USA, it will only affect you if you are going out of the country and it has little effect on our economy. Plus a weak US dollar makes American made products attractive to other countries, and makes outsourcing jobs less attractive, both of which are liberal talking points, and proves you just want to complain about anything because your party is loosing.
2007-12-03 06:03:26
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answer #5
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answered by Curtis 6
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Mitt Romney would be the best candidate for the cause. Look what he did in Mass.! He completely erased the Budget Deficit there! Who is to say that he couldn't do that now? he has probably the most financial experience of all the candidates.
2007-12-03 07:13:59
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answer #6
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answered by Anonymous
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Ron Paul would be able to turn it around.
Here is what his campaign website says about it :
Debt and Taxes
Working Americans like lower taxes. So do I. Lower taxes benefit all of us, creating jobs and allowing us to make more decisions for ourselves about our lives.
Whether a tax cut reduces a single mother’s payroll taxes by $40 a month or allows a business owner to save thousands in capital gains taxes and hire more employees, that tax cut is a good thing. Lower taxes allow more spending, saving, and investing which helps the economy — that means all of us.
Real conservatives have always supported low taxes and low spending.
But today, too many politicians and lobbyists are spending America into ruin. We are nine trillion dollars in debt as a nation. Our mounting government debt endangers the financial future of our children and grandchildren. If we don’t cut spending now, higher taxes and economic disaster will be in their future — and yours.
In addition, the Federal Reserve, our central bank, fosters runaway debt by increasing the money supply — making each dollar in your pocket worth less. The Fed is a private bank run by unelected officials who are not required to be open or accountable to “we the people.”
Worse, our economy and our very independence as a nation is increasingly in the hands of foreign governments such as China and Saudi Arabia, because their central banks also finance our runaway spending.
We cannot continue to allow private banks, wasteful agencies, lobbyists, corporations on welfare, and governments collecting foreign aid to dictate the size of our ballooning budget. We need a new method to prioritize our spending. It’s called the Constitution of the United States.
2007-12-03 06:09:58
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answer #7
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answered by Kelsette 3
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Thank you for this VERY important question!
The only candidate that has addressed this issue is RON PAUL!
His solution is for America to return to SOUND MONEY!
http://www.kitco.com/ind/Katz/nov302007.html
In my opinion, America itself is in a very important crossroad economically. If we keep printing unsound money, and keep spending at the current pace, history has shown that the whole country will suffer economically.
America has been off the sound money system for so long, that many Americans simply don't understand why the founders very wisely included the Gold/Silver clause in the Constitution.
It's To Stop Inflation, among other things!!!
Thanks again for the question.
RON PAUL IN 2008!!!!
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2007-12-03 06:25:37
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answer #8
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answered by beesting 6
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to tyranus x -yeah travel with your car! gas prices are tied in with the dollar whether you care to admit it or not -
Ron Paul -
-follow the constitution
-pass balanced budgets
-eliminate overspending and pork while he is pres
-end income taxes
-bring value back to the dollar by backing it with assets not faith
-combine and streamline fed agencies doing same job
-eliminate deficit by closing army bases overseas reopening a few at home
- a foreign policy of friendship and commerce
- renegotiate global trade deals where they are fair
-deregulation so small businesses are easier and affordable to start
the list goes on and on for more info visit
http://ronpaullibrary.com
2007-12-03 06:16:37
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answer #9
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answered by rooster 5
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The closest that could come to it would be Ron Paul. But I seriously think it will take a third party to turn everything around.
2007-12-03 06:26:23
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answer #10
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answered by Lilith 4
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Hillary would turn it around - right into the dumper!
The economy has been remarkably strong the last few years.
Too bad the media wants to spin it as a disaster.
But they don't dare report on Iraq because it's going too well.
So it's on to the next smear du jour.
2007-12-03 06:05:36
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answer #11
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answered by American citizen and taxpayer 7
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