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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (367165)	1/17/2008 12:19:42 AM
From: tejek	Read Replies (1) \| Respond to of 1573458

BTW here's the chart I used for the dollar: tfc-charts.w2d.com Look longer term, back to 2000. I went all the way back to 1991. Again, the dollar tended to trend down during a recession and go up during an expansion. The only time that changed was right after 2001. It started to go down or has moved sidewise or down ever since. If you want to borrow $100 and only make $100, and owe 20k but have 40K worth of assets, then I probably would lend you the money. That's the thing people seem to ignore in this whole argument........the US has incredible assets......probably the best in the world. That's the only reason Bush has been able to get away with his prolific and mindless spending. Bush HASN'T been able to get away with it. Yes, he has.....China and others have continued to buy our debt. If no one bought our debt, Bush would had to stop. And we've been mortgaging or selling those assets for years. I bet we have a lot more assets left. I think we have maximize the qualities and products that the Indias of the world can not produce with their cheap labor. I agree. But it isn't happening. The reason we have trade deficits is their stuff is worth more than out stuff. We're falling way behind. I understand but how does throwing us into a recession help the matter? I disagree......you can't pay debt back if there is less revenue generation. The Feds cutting the interest rates will stimulate the economy which will produce the revenue that can be used to pay debt. Interest rates have been dirt low for years... it's not working. There is a dramatic shift in value going on... the Asian and ME countries make the stuff we need/want. Its not working because Bush gave out generous tax cuts and embarked on two wars. What other country in the world could pull off such a stunt and survive for more than a year.