Speaking of ridiculous, which we weren't but should be, I just love the part about how the weaker dollar is going to do such wonderful things for domestic exporters. Hahahaha! Let me get this straight; we have a current account and trade deficit to the tune of over $500 billion a year, giving them $500 billion of income. Check. Now those imports are going to cost more, since the dollar is weaker, and, theoretically we will buy less from them. Check. Now, because we are buying less from them, they are going to have less income. Check. Now, and this is the part that I like the best, we leap to the conclusion that they are going to step up their purchases of American exports at the same time as they are making less money from us! Somehow, I'm not sure how, but these foreign devils have figured out that when you make less money, that's the exact moment that you buy more stuff from foreigners! Hahaha!
To be fair, it could actually happen that way. Somewhere out beyond the Twilight Zone it could happen exactly that way. In that fabulous, faraway land beyond time and space, foreign politicians are happy to put local voters and their own relatives out of work so that they can import more stuff from America at the same time as they are exporting less stuff to America. |
