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Politics : PRESIDENT GEORGE W. BUSH

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To: Neocon who wrote (539345)2/12/2004 3:23:02 PM
From: BEEF JERKEY  Read Replies (1) of 769670
 
What about the dependance on foreign capital?

At least two downsides to this. Interest rates can be influenced by external countries - eg. a threat to withdraw bonds can force rates higher.

Wealth is "exported". eg. with the current trade US wealth is exported in the amount of the deficit. At the current 4% per annum that will reduce the standard of living in the US signifigantly over time.
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