GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: laura_bush who wrote (3231)	2/19/2004 2:40:27 AM
From: Karen Lawrence	Read Replies (1) of 173976

As long as there's Fox news, idiots like my daughter's father-in-law will continue to watch and believe. He seems to think Bush won't get a second term (whew), but is already setting the stage to blame the dems for problems incurred by the Bushies....such as higher taxes....He is however, excited about Bush invading Syria and Iran...he thinks this will happen! I don't know...I do know one of his grandsons (not mine) just joined the National Guard and will probably land in Iraq soon. That falling feeling torontostar.com Wall Street had a slight case of the jitters last Friday after the commerce department reported the U.S. trade deficit hit a record high in 2003. Americans spent $489.4 billion (U.S.) more on imports than they earned from exports - up 17.1 per cent from the previous year. But where did they get all those billions of dollars to buy Japanese cars, Malaysian electronics and Chinese clothing, which they couldn't pay for out of their export earnings? They basically got the money from Washington, which artificially boosted their incomes by spending $521 billion more than it took in. And where did Washington get the money to finance that massive budget deficit? It borrowed the money from foreigners by selling them United States government bonds. In other words, the twin U.S. deficits - the trade deficit and budget deficit - are but two sides of the same coin, both representing an attempt by the U.S. to live beyond its means. But what would happen if the rest of the world decided that it didn't want to keep lending the Americans such staggering amounts of cash? The eminent U.S. economist Paul Krugman has termed that possibility "a Wile E. Coyote moment" - like the character in the Road Runner cartoons, he says, the U.S. would run off a cliff and notice only after it was too late that there was nothing holding it up. Then it would plunge and take the rest of us with it. Which certainly explains last Friday's trade number jitters.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next