Bush Administration Makes A Big Mistake. - Page 10

Hoot · 03-30-05, 07:13 PM

Quote:

Originally Posted by Fantasea

You just demolished the argument of the socialist-lib-dems who are struggling mightily to bring down the President.

The administration inherited a budding recession followed by the 9-11 blow to the economy followed by the expenses associated with the Middle East. Things looked bleak and the Dems were ecstatic.

The administration took the necessary action to spur the economy and the economy responded. It continues to rise. Revenues continue to rise. Things are looking good and the Dems are having a coronary.

Sorry to disagree again, but a recession is defined as two quarters of negative growth.

These two quarters happened under the Bush administration, according to many learned and respected economists. Yes, the economy was slowing at the end of Clinton's term, but it was not in a recession. But go ahead, blame Clinton if it makes you feel better.

As far as our economy today...we're in big trouble.

Bush is using his spend, spend, spend policy to attempt to buy a momentary prosperity, while mortgaging the future of our children.

It is our trade deficit and our ever weakening dollar that could very well cause our nation to collapse.

As a quick example....China sells far more of their goods to us, then we sell to China.
We pay China for their goods with US dollars, and China turns around and takes our dollars and buys real estate, treasury bonds and stocks in our country.

Because of this, China knows the U.S. is a paper tiger when it comes to Taiwan. China can bring us to our knees without firing a single shot by simply using the dreaded word...."sell."

If China sold it's stocks and bonds in U.S. companies, our economy could very well collapse...this could spell the beginning of the end.

If our dollar is worth nothing, we're doomed, and under Bush's lack of fiscal intelligence, we face an ever increasing and growing threat.

RightinNYC · 03-30-05, 08:23 PM

Quote:

Originally Posted by Hoot

As far as our economy today...we're in big trouble.

Not true. Your anecdotal evidence is not proof. Our economy is in nowhere near as much debt as it has been in the past, including the 90's.

Fantasea · 03-30-05, 10:25 PM

[quote=Hoot]

Quote:

Sorry to disagree again, but a recession is defined as two quarters of negative growth.

These two quarters happened under the Bush administration, according to many learned and respected economists. Yes, the economy was slowing at the end of Clinton's term, but it was not in a recession. But go ahead, blame Clinton if it makes you feel better.

So what you are saying is the the economy was on the skids on Inauguration Day. And that wasn't Clinton's fault, but Bush's. And that makes sense to you. Right?

Quote:

As far as our economy today...we're in big trouble.

Bush is using his spend, spend, spend policy to attempt to buy a momentary prosperity, while mortgaging the future of our children.

It is our trade deficit and our ever weakening dollar that could very well cause our nation to collapse.

As a quick example....China sells far more of their goods to us, then we sell to China.
We pay China for their goods with US dollars, and China turns around and takes our dollars and buys real estate, treasury bonds and stocks in our country.

Because of this, China knows the U.S. is a paper tiger when it comes to Taiwan. China can bring us to our knees without firing a single shot by simply using the dreaded word...."sell."

If China sold it's stocks and bonds in U.S. companies, our economy could very well collapse...this could spell the beginning of the end.

If our dollar is worth nothing, we're doomed, and under Bush's lack of fiscal intelligence, we face an ever increasing and growing threat.

Well, then, don't you think it's about time that the Democrats started supporting the initiatives to further improve the economy so that revenues would increase and the deficit could be reduced?

I've never come across an economist who believed that a nation could tax itself out of a recession. Have you?

On the other hand, every recession we've ever endured ended when the administration instituted economic policies that spurred business activity which produced jobs which increased revenues. Do you disagree?

Hoot · 03-31-05, 07:19 PM

[quote=Fantasea]

Quote:

Originally Posted by Hoot

So what you are saying is the the economy was on the skids on Inauguration Day. And that wasn't Clinton's fault, but Bush's. And that makes sense to you. Right?
Well, then, don't you think it's about time that the Democrats started supporting the initiatives to further improve the economy so that revenues would increase and the deficit could be reduced?

I've never come across an economist who believed that a nation could tax itself out of a recession. Have you?

On the other hand, every recession we've ever endured ended when the administration instituted economic policies that spurred business activity which produced jobs which increased revenues. Do you disagree?

I'm not talking about increasing taxes, but decreasing the spending.

Our Defense Appropriations Bill, passed last Summer, I believe has 12.2 billion dollars worth of pork..pork that has nothing to do with the defense of our nation. WWW.taxpayer.com

The Associated Press has an article today where the U.S. accuses many nations of unfair trade barriers.

(Please make sure you're sitting down before reading the next paragraph. I don't want to be responsible for pulling your feeding tube if you conservatives go into shock.)

I applaud Bush for speaking out on Wednesday and naming 61 nations that have significant trade barriers that harm U.S. manufacturers and farmers.

I'll appaud Bush again if he brings these cases before the WTO ( World Trade Organization) and does something about nations like China (and Japan) that are deliberately breaking promises and violating WTO rules...theft of American movies, computer software and other goods..etc...blah blah blah.

China has a habit of undervalueing their currency by as much as 40%, giving them a tremendous competitive advantage.

Unfortunately, as I said in my last post, China has the power to bring us to our knees by simply threatening to "sell."

With a trade deficit of 617 billion last year, I'm glad the President is finally speaking out...now it remains to see if he will do anything about it?

This is why I cannot feel optimistic about the economy...despite the good day on Wall Street yesterday.

Hoot · 03-31-05, 07:25 PM

I'm sorry...that may be the wrong link? I can't seem to find the American site?

Fantasea · 03-31-05, 10:16 PM

[quote=Hoot]

Quote:

Originally Posted by Fantasea

I'm not talking about increasing taxes, but decreasing the spending.

Our Defense Appropriations Bill, passed last Summer, I believe has 12.2 billion dollars worth of pork..pork that has nothing to do with the defense of our nation. WWW.taxpayer.com

The Associated Press has an article today where the U.S. accuses many nations of unfair trade barriers.

(Please make sure you're sitting down before reading the next paragraph. I don't want to be responsible for pulling your feeding tube if you conservatives go into shock.)

I applaud Bush for speaking out on Wednesday and naming 61 nations that have significant trade barriers that harm U.S. manufacturers and farmers.

I'll appaud Bush again if he brings these cases before the WTO ( World Trade Organization) and does something about nations like China (and Japan) that are deliberately breaking promises and violating WTO rules...theft of American movies, computer software and other goods..etc...blah blah blah.

China has a habit of undervalueing their currency by as much as 40%, giving them a tremendous competitive advantage.

Unfortunately, as I said in my last post, China has the power to bring us to our knees by simply threatening to "sell."

With a trade deficit of 617 billion last year, I'm glad the President is finally speaking out...now it remains to see if he will do anything about it?

This is why I cannot feel optimistic about the economy...despite the good day on Wall Street yesterday.

Don't think, for a minute, that I agree with everything the Administration does. I don't.

However, as I consider my points of agreement and disagreement, I find that the preponderance lies on the side of agreement. Too many folks, I think, are looking for an absolute -- as if the only passing grade in school was 100%.