ginwilly
Well-Known Member
new game? after your last humiliation? Keep on plugging Buck, it's admirable. A little sad, but admirable.
Impossible! The deficit is falling as well as unemployment Obama wrecking economy
- Thread starter ChesusRice
- Start date
UncleBuck
Well-Known Member
what's sad is how angry you are that obama is reducing the deficit.
What is the devaluation you're referring to then, if not a major currency?
fb360
Active Member
Everywhere you idiot!
Gas is increasing, food is increasing, housing is increasing and yet wages are maintaining at best, most decreasing. Spending is increasing, debt is increasing, and the value of the dollar is decreasing.
You tell me what part of that doesn't seem out of control. Basically you're a retard because you try to claim the middle and lower classes are fine (your above post), yet you constantly talk about the 1% getting richer and the bullshit about it.
e;
Anyone who argues that while printing new money into a system that has already reached its breaking point, either keeps the overall value the same, or increases it, are halfwits. What does that leave based upon simple deduction? At BEST, printing new money would keep the value the same and just add more currency, that does not happen.
Look! They even have a <100 IQ version on eHow for you guys that spells it out in 3 sentences
http://www.ehow.com/facts_6753793_printing-currency-devalue-dollar_.html
ChesusRice
Well-Known Member
The dollar has been falling relative to other currencies, making buying imports more expensive in the U.S. On the other hand, it also means U.S. exports are more competitive around the world.
That shift could be good news for U.S. manufacturers, especially the auto industry.
"The weak dollar is good for manufacturers in the U.S., whether they're the Big Three or German or whatever, because they can export at an advantage," says Michelle Krebs, an analyst for Edmunds.com.
That advantage makes the U.S. a good place to manufacture goods, and that's after decades of manufacturing fleeing abroad.
http://www.npr.org/2011/08/14/139611423/weak-dollar-benefits-some-u-s-manufacturers
That shift could be good news for U.S. manufacturers, especially the auto industry.
"The weak dollar is good for manufacturers in the U.S., whether they're the Big Three or German or whatever, because they can export at an advantage," says Michelle Krebs, an analyst for Edmunds.com.
That advantage makes the U.S. a good place to manufacture goods, and that's after decades of manufacturing fleeing abroad.
http://www.npr.org/2011/08/14/139611423/weak-dollar-benefits-some-u-s-manufacturers
ChesusRice
Well-Known Member
kelly4
Well-Known Member
$15,000? The way you talk, I would have thought he had millions in it. What does that $15,000 represent as a percentage of his total investments?
ChesusRice
Well-Known Member
More than it should
MuyLocoNC
Well-Known Member
Yes, he's a miracle worker alright. And to think, the DEBT will only go up another $3 trillion or so over the next couple years. Of course, that's the best case scenario and it assumes that ObamaCare won't cost trillions more than all the EXTREMELY ROSY predictions that have been used thus far.
It's time to Newt Gingrich this administration like they did to Clinton, refuse to raise the debt ceiling, force the President to act responsibly and adopt Conservative strategy, reap the benefits and then listen to Libs give HIM the credit for the next 30 years.
ChesusRice
Well-Known Member
A major problem with the economy at the time was the issue of the massive deficit and the problem of government spending. In order to address these issues, in August 1993, Clinton signed the Omnibus Budget Reconciliation Act of 1993 which passed Congress without a single Republican vote. It raised taxes on the wealthiest 1.2% of taxpayers, while cutting taxes on 15 million low-income families and making tax cuts available to 90% of small businesses.[SUP][42][/SUP] Additionally, it mandated that the budget be balanced over a number of years and the deficit be reduced.[SUP][43][/SUP] This was to be achieved through the implementation of spending restraints.
UncleBuck
Well-Known Member
maybe if you guys did that when there was a republican in the oval office, you guys wouldn't be regarded as such hypocritical retards.
alas, you guys made your own beds, you get to lie in your own feces now.
Johnny Retro
Well-Known Member
You posted a link from 2 years ago. So you think exchange rates are the same as in august of 2011? LOL. Another fail for chesus.
ChesusRice
Well-Known Member
But you were the one arguring it, so maybe you should go fetch to try and back your bullshit up, rather than dropping 2 year old info on our laps expecting it to sell.
ChesusRice
Well-Known Member
I already did
Now tell me how things are different 2 years later
Johnny Retro
Well-Known Member
Since your incapable of even doing research yourself other than a quick google search ill help you out.
In august of 2011:
USD/JPY was at 76. It is now at 101. A sharp increase for the dollar.
EUR/USD was at 1.45. It is now at 1.29. A big increase for the dollar
AUD/USD was at 1.09. It is now at 1. A relatively big move up in USD in a low volatility pair
GBP/USD was at 1.65 and is now at 1.53. A small increase for the dollar
In all cases the dollar has strengthened against other major currency's. And I speculate will continue to strengthen.
Try getting your facts straight. It'll help you gain some sort of credibility.
Johnny Retro
Well-Known Member
Also not to mention the sharp increase of dollars to yen is especially detrimental seeing as japan is our 4th largest trading partner.
MuyLocoNC
Well-Known Member
That's an awesome C&P job. One small problem. Everything that turned the economy around occurred AFTER the '94 elections. You might remember that if you were older than 12 at the time. You see, little Timmy, the Dems got trounced in '94, the Republicans forced Clinton to adopt THEIR policies with government shutdowns in '95-'96. He FAMOUSLY caved and has taken credit for that which he attempted to block. Going on 30 years of false credit for him. Which is sweet work if you can get it.
So, you see, your little blurb from '93 is a bit off the mark. Maybe if you actually knew something about which you are arguing, you wouldn't post the first article you come across that you think has bearing.
Red1966
Well-Known Member
The source is on the graph. Lower right corner.
Red1966
Well-Known Member
Yeah, global warming caused by man ended up as global cooling. So now it's global climate change caused by man. Funny how reality intrudes.not a single thing you just said was true. i mean, what are the odds that a decades in the making conspiracy involving thousands of scientists in hundreds of nations was only recently uncovered by the least intelligent subset of americans listening to rush limbaugh?that's about as likely as a 10 point romney lead in early september.