PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: JBTFD who wrote (515267)	12/24/2003 10:53:55 AM
From: Oeconomicus	Read Replies (1) of 769670

I didn't say in terms of GDP. Oh? Message 19624473 My point still stands on the GDP versus decline in the US$. First of all, i was being generous when saying a 8% gain. It was only an 8% annual rate for the third quarter. I understand your point about the 8.2% being "real" if you restrict your discussion only to within US denomiation. But if you look at the larger picture, an argument can be made that it is all an exercise in numbers jugglery and we have in fact lost ground since a year ago. Again, how have we "lost ground"? Not how MIGHT we lose ground if the rest of the world decides suddenly they don't want to hold dollars and all try to sell them at once - how HAVE we "in fact lost ground since a year ago? Lastly, never did I "admit that the US and US$ denominated holding people and entities "lost ground" as compared to Euro denominated holding people." We only lose ground "as compared to" them if our standard of living has fallen relative to theirs. Can you make a reasonable case, with supporting evidence, that this has happened? Bob PS: We won't think less of you if you decline to "debate" cyberkook. His posts are full of similar "substance" to Ray-man's.

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