Story Comments
Posted by: amazed 1 year, 5 months ago
This page is a permanent archive of the comment below and its replies.
To view this comment in the context of the full discussion for the story, use this link.
-
Neutral
amazed1 year, 5 months ago
This comment is below the standard viewing threshold View It »
you know, I'm really, really no fan of Bush's, but this is WAAAYY beyond what any President can do.
Much of the reason that the dollar is falling has nothing to do with Bush and much more to do with our economic realities.
American companies must meet all kinds of financial, environmental and other regulations that most of their counterparts in other countries -- especially China and India -- do not have to deal with. This makes shipping manufacturing and help desk and other functions overseas even more attractive to US based businesses.
Let's look at the responses to this. Most Republicans (at least the more traditionally conservative ones) call for leveling the playing field by relaxing some of the regulatory BS that the US corps must deal with, lowering their costs (tax breaks) and trying to give them back some leverage when dealing with unions.
Reply-
Neutral
amazed1 year, 5 months ago
This comment is below the standard viewing threshold View It »
Most Democrats (especially the more liberal and left-leaning) believe that the solution to this problem is yet MORE regulation and taxes.
At the same time, interest rates (as in the money market and the bond markets)in the US are very low -- especially as compared to the European and Japanese markets -- making investing in US dollars not all that attractive.
Because we have so little manufacturing left, it is extremely difficult to "buy American" -- and many are unable, unwilling or just too oblivious to even try -- so we have become a debtor nation. That is NOT Bush's fault. WE need to try hard to buy American made goods and let the retailers know that we're not buying what we're not buying because it's made in China.
Reply-
Neutral
amazed1 year, 5 months ago
This comment is below the standard viewing threshold View It »
Finally, previously (in the 20th century global economy) there was NO other economy that rivals the US's. There still isn't (China's getting closer, but not yet), BUT almost ALL of Europe joined together behind the Euro and that makes the Euro a valid competitor.
I guess I got a little carried away with the explanation....
Reply
-
-
Neutral
dunkirk1 year, 5 months ago
This comment is below the standard viewing threshold View It »
that tends to be alittle misleading. Those laws for environment and taxes have been around for a while and in general are meant to protect people and places from exploitation. If you notice there arent a lot of manufacturing facilities located in "rich" suburbs, making the US into a third world environment does nothing but line the corporate pocket book (can you tell me one product that after its manufacture has been outsurced was actually reduced in price??) THe biggest hit on the economy and the dollar had been the spend spend spend and borrow economic policies of this administration and its trickle down theory of economics. THis is very much in the realm of what a President can do when the policies they follow are broken.
Reply
-
loading ...
People Who Liked This Comment (1)
reasonable1People Who Didn't Like This Comment (0)
No one voted this comment negatively.
Post Reply
You are not signed in to Propeller.com. Please sign in to post a reply.