With all time high defecits and a dollar worth about 70% of what it was 6 years ago, tell me how this is good?

all-time high
nonalcoholic2007 asked:

For the American consumer? The American businesses that have moved over seas and took the jobs are doing quite well off of the global economy. But what about the American consumer? Your thoughts. There is plenty of blame to go around so don’t start with the mudslinging.
Well…It would encourage businesses to return to USA for example.
No because the cheap labor in China is still cheaper than anyone in the US can afford to work for.
It would make US made products more affordable here and abroad.
No, It is still cheaper to buy the same products made in China and other parts of Asia.
Gasoline and diesel fuel at all time highs. The cost of transportation is up. Which means the prices of goods are up including food and clothing. The cost electricity is up and heating oil as well. The housing market is in the tank at the moment with people losing homes they could not afford to start with. Credit card companies having their own problems. My dollar buys less. Sure in the hell isn’t good from where I sit.



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2 Responses to 'With all time high defecits and a dollar worth about 70% of what it was 6 years ago, tell me how this is good?'

  1. gcbtrading - November 21st, 2008 at 9:15 am

    Deficits I agree are bad..but the affordable dollar:
    Well…It would encourage businesses to return to USA for example.

    It would make US made products more affordable here and abroad

    It will encourage tourism to USA

    It is a result of lowering the interest rate…which makes borrowing for investment in business more appealing

    Tell me … how is it NOT a good thing?

  2. Dragonmistress - November 21st, 2008 at 11:27 am

    It is apparent that many of our leaders simply do not get it; nor do they want to. The politicians are paid off by lobbyists and PAC committees. They don’t give a hoot about the American consumer; as long as they get paid and get paid very well why should they be bothered with our petty interests, like high prices for everything and shrinking paychecks?

    We only elected these fools. It is bad for us and great for the rest of the world.


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