American Cowboy

Discussion in 'Current Events' started by Bullypulpit, Dec 2, 2004.

  1. Bullypulpit
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    Bullypulpit Senior Member

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    <center><h2><font color=red>American Cowboy</font></h2></center>

    America's # 1 cowboy action-hero, George W. Bush, seems to be under the impression that America can pretty much do as it pleases. He seems to think that America can "..go it alone, if necessary..." with military adventurism wherever and whenever it wishes. He's fogettting one important fact though...America is a debtor nation.

    Suppose, just for the sake of argument, that our foreign creditors failed to show up at US bond auctions to buy that debt? The possibility of this happening grows with each day the dollar continues to slide.

    <blockquote>The fall in the dollar’s external value per se may not cause additional financing difficulties, but if this fall is symptomatic of a generalised withdrawal of foreign credit, then the whole underlying credit structure could fall apart, as it has done many times before in other financial crises. Given the size of the US, the global fall-out will obviously be substantially greater. - <a href=http://www.prudentbear.com/internationalperspective.asp>Marshall Auerback</a></blockquote>

    Remeber the peso crisis in Mexico? Remember the economic collapse of Southeast Asia in the 90's? As speculators dump US treasury notes on favor of euro based notes, the dollars decline will accelerate leading to a decline in the US economy similar to that which occured in those emerging markets. Only, because of the size of the US markets, the global effects will be much worse...not to mention the effects here at home. This also provides an economic lever to influence US foreign policy, in case you haven't figured that out by now.

    So, America's #1 cowboy action-hero needs to wake up and smell the coffee, before he smells the ashes of his pyhrric victory on November 2nd.
     
  2. Comrade
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    Comrade Senior Member

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    Bully, is it your mission in life to fixate upon Bush?
     
  3. Bullypulpit
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    Bullypulpit Senior Member

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    Can't address the issues raised, so you attack the messenger. How pathetically typical.
     
  4. Comrade
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    Comrade Senior Member

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    Patently false.

    The fall of the US Dollar leads to the rise of US exports as they become more competitive in price with other nations local and imported products, thereby leading to a larger impact on Gross Domestic Product and overall increase in our national wealth.

    Any comments on that, Bully?
     
  5. theim
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    theim Senior Member

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    1) I don't know about everyone else here, but to me "cowboy" is not really a horrible insult. The Euros need to try better

    2) I think that Bully is secretly sexually attracted to GW.
     
  6. freeandfun1
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    freeandfun1 VIP Member

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    I sure do remember it..... it was caused by Clinton's buddy Soros shorting the Thai Baht.

    Funny how you libs long for the days of Clinton, yet bitch about the value of the dollar today. During the HEIGHT of the 90's boom, the USD was MUCH weaker than it is now. That is what drove the boom - EXPORTS. When the dollar gained strength because of Clinton's tax increases, OUR EXPORTS plummeted while European exports soared due to their weak EURO. Now that the EURO is gaining strength, my export sales are growing as once again, the US of A is competitive in the international market.

    So which is it Bully? Is a weak dollar good or bad? I guess it only depends on if Clinton is in office. Then you will decided based on whichever way the winds blow.
     
  7. fuzzykitten99
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    fuzzykitten99 Senior Member

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    Bullyfullashit---Why don't you just move to Europe to live within the other commie colonies? Can't take the agony of defeat? Get the F out.

    Bitch, bitch, bitch...all you do is bitch. Bully, you're a bitch.
     
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  8. insein
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    insein Senior Member

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    The euro is killing local economies in Europe. On a recent recreational trip to Italy, in casual conversations, the locals all complained that the Euro was killing them. They longed for the days of the lira. Simple items such as jeans or a calendar can go for E50 to E200. Which equals about $75 to $300. $300 for a pair of levis? Is that a healthy economy?
     
  9. fuzzykitten99
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    fuzzykitten99 Senior Member

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    i read somewhere that when europeans travel over here, they actually travel with a few things, and BUY the clothes to wear and take back, because they are so much cheaper here. if you go to another country to buy your clothes because it is cheaper, there's a big problem.
     
  10. Fmr jarhead
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    Fmr jarhead Senior Member

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    It would be an even better situation for them to come to the US and buy our less expensive products,, AND institute a National Sales tax, which would reduce the tax burden even more from the backs of the poor and middle class in America.

    I say a weak dollar is a good thing, at this point in time.....watch out for a recession hitting the EU within the next 18 months, though. Their currency is being held at an artificially high rate.....not good for their economy in the long run...but they won't listen to us Cowboys!!!!!
     

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