US Dollar Seen as Weak, Declining Further

VOA ^ | 7-18-07 | Barry Wood

[Toddsterpatriot]

Wow, no MADE IN AMERICA goods?

Not much these days and you know it but you like playing games don't you?

Only with people who say silly things about our production in America.

They can prove anything they wish by manipulating charts and figures

As opposed to proving anything they wish by spouting anecdotes?

Many more don't in case you haven't bothered to look around.

Home ownership is at all time highs.

A lot of his friends saw theirs go down the tubes thanks to a federal judge last name of Greene

Ask 300 million Americans if they want to go back to the old days of AT&T. LOL!

LOL the last kid in my family who left home as a kid meaning under age 16 to work was my great grandfather in the 1800's. Nice try though.

Thanks for ignoring the questions about women. Nice try though.

Old enough that I could as a kid walk downtown at night to go to the movies. Old enough to remember when doors on houses and cars weren't locked.

It's amazing how quickly things went down hill once we started trading with China.

[am452]

“I do? Why don’t you show more information, if you think it’s important?”

You are making the point so you need to show a link.

Show us a link that shows there is actually 17 million more additional jobs from 1997 to 2007 -jobs taken by unemployeed people from that same period and not just 17 million more workers...or is this too hard for you to understand?

[am452]

“Home ownership is at all time highs.”

Because for many people their interest only loan, low teaser rates (and no down payment) was actually cheaper than what they were previosuly paying for rent.

[Toddsterpatriot]

You are making the point so you need to show a link.

I made my point in post #41.

Show us a link that shows there is actually 17 million more additional jobs from 1997 to 2007

Post #41.

jobs taken by unemployeed people from that same period and not just 17 million more workers

Huh? We had 17 million more workers working than before. Get it?

...or is this too hard for you to understand?

Is English your native language?

[Toddsterpatriot]

I’m glad you agree. House are also, on average, bigger than they were when our parents and grandparents bought their houses.

[CJ Wolf]

“Home ownership is at all time highs.”

I don’t know anyone that owns their own home. One guy I know own his own car, but it’s like ten years old.

[Toddsterpatriot]

jobs taken by unemployeed people from that same period and not just 17 million more workers...

Damn, you're dense.

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Data extracted on: July 19, 2007 (8:56:09 PM)

Labor Force Statistics from the Current Population Survey

Series Id:           LNS13000000 Seasonal Adjusted Series title:        (Seas) Unemployment Level Labor force status:  Unemployed Type of data:        Number in thousands Age:                 16 years and over
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Annual
1948	2034	2328	2399	2386	2118	2214	2213	2350	2302	2259	2285	2429
1949	2596	2849	3030	3260	3707	3776	4111	4193	4049	4916	3996	4063
1950	4026	3936	3876	3575	3434	3367	3120	2799	2774	2625	2589	2639
1951	2305	2117	2125	1919	1856	1995	1950	1933	2067	2194	2178	1960
1952	1972	1957	1813	1811	1863	1884	1991	2087	1936	1839	1743	1667
1953	1839	1636	1647	1723	1596	1607	1660	1665	1821	1974	2211	2818
1954	3077	3331	3607	3749	3767	3551	3659	3854	3927	3666	3402	3196
1955	3157	2969	2918	3049	2747	2701	2632	2784	2678	2830	2780	2761
1956	2666	2606	2764	2650	2861	2882	2952	2701	2635	2571	2861	2790
1957	2796	2622	2509	2600	2710	2856	2796	2747	2943	3020	3454	3476
1958	3875	4303	4492	5016	5021	4944	5079	5025	4821	4570	4188	4191
1959	4068	3965	3801	3571	3479	3429	3528	3588	3775	3910	4003	3653
1960	3615	3329	3726	3620	3569	3766	3836	3946	3884	4252	4330	4617
1961	4671	4832	4853	4893	5003	4885	4928	4682	4676	4573	4295	4177
1962	4081	3871	3921	3906	3863	3844	3819	4013	3961	3803	4024	3907
1963	4074	4238	4072	4055	4217	3977	4051	3878	3957	3987	4151	3975
1964	4029	3932	3950	3918	3764	3814	3608	3655	3712	3726	3551	3651
1965	3572	3730	3510	3595	3432	3387	3301	3254	3216	3143	3073	3031
1966	2988	2820	2887	2828	2950	2872	2876	2900	2798	2798	2770	2912
1967	2968	2915	2889	2895	2929	2992	2944	2945	2958	3143	3066	3018
1968	2878	3001	2877	2709	2740	2938	2883	2768	2686	2689	2715	2685
1969	2718	2692	2712	2758	2713	2816	2868	2856	3040	3049	2856	2884
1970	3201	3453	3635	3797	3919	4071	4175	4256	4456	4591	4898	5076
1971	4986	4903	4987	4959	4996	4949	5035	5134	5042	4954	5161	5154
1972	5019	4928	5038	4959	4922	4923	4913	4939	4849	4875	4602	4543
1973	4326	4452	4394	4459	4329	4363	4305	4305	4350	4144	4396	4489
1974	4644	4731	4634	4618	4705	4927	5063	5022	5437	5523	6140	6636
1975	7501	7520	7978	8210	8433	8220	8127	7928	7923	7897	7794	7744
1976	7534	7326	7230	7330	7053	7322	7490	7518	7380	7430	7620	7545
1977	7280	7443	7307	7059	6911	7134	6829	6925	6751	6763	6815	6386
1978	6489	6318	6337	6180	6127	6028	6309	6080	6125	5947	6077	6228
1979	6109	6173	6109	6069	5840	5959	5996	6320	6190	6296	6238	6325
1980	6683	6702	6729	7358	7984	8098	8363	8281	8021	8088	8023	7718
1981	8071	8051	7982	7869	8174	8098	7863	8036	8230	8646	9029	9267
1982	9397	9705	9895	10244	10335	10538	10849	10881	11217	11529	11938	12051
1983	11534	11545	11408	11268	11154	11246	10548	10623	10282	9887	9499	9331
1984	9008	8791	8746	8762	8456	8226	8537	8519	8367	8381	8198	8358
1985	8423	8321	8339	8395	8302	8460	8513	8196	8248	8298	8128	8138
1986	7795	8402	8383	8364	8439	8508	8319	8135	8310	8243	8159	7883
1987	7892	7865	7862	7542	7574	7398	7268	7261	7102	7227	7035	6936
1988	6953	6929	6876	6601	6779	6546	6605	6843	6604	6568	6537	6518
1989	6682	6359	6205	6468	6375	6577	6495	6511	6590	6630	6725	6667
1990	6752	6651	6598	6797	6742	6590	6922	7188	7368	7459	7764	7901
1991	8015	8265	8586	8439	8736	8692	8586	8666	8722	8842	8931	9198
1992	9283	9454	9460	9415	9744	10040	9850	9787	9781	9398	9565	9557
1993	9325	9183	9056	9110	9149	9121	8930	8763	8714	8750	8542	8477
1994	8630	8583	8470	8331	7915	7927	7946	7933	7734	7632	7375	7230
1995	7375	7187	7153	7645	7430	7427	7527	7484	7478	7328	7426	7423
1996	7491	7313	7318	7415	7423	7095	7337	6882	6979	7031	7236	7253
1997	7158	7102	7000	6873	6655	6799	6655	6608	6656	6454	6308	6476
1998	6368	6306	6422	5941	6047	6212	6259	6179	6300	6280	6100	6032
1999	5976	6111	5783	6004	5796	5951	6025	5838	5915	5778	5716	5653
2000	5708	5858	5733	5481	5758	5651	5747	5853	5625	5534	5639	5634
2001	6023	6089	6141	6271	6226	6484	6583	7042	7142	7694	8003	8258
2002	8182	8215	8304	8599	8399	8393	8390	8304	8251	8307	8520	8640
2003	8523	8622	8576	8833	8948	9254	9018	8894	8928	8731	8590	8338
2004	8367	8171	8452	8155	8197	8259	8163	7993	7953	8052	7950	7997
2005	7756	7966	7683	7657	7656	7507	7464	7360	7606	7436	7548	7331
2006	7023	7158	7009	7098	7006	6984	7228	7116	6912	6715	6826	6849
2007	7017	6865	6724	6801	6819	6933

 

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As you can see, we've never had 17 million unemployed in America.

LOL!

[Pelham]

Home ownership is at all time highs.

Funny, in California that record 'home ownership' looks suspiciously like record mortgage indebtedness. Maybe you meant the lenders own the houses.

[cva66snipe]

Ask 300 million Americans if they want to go back to the old days of AT&T. LOL!

Do you know phone wiring well? Let then come out now and check the line and if it is beyond their box you pay. You either pay a maintenance fee or you pay by the hour plus the call fee but you pay. Under old Bell clearing trouble calls was measured in hours. You had problems you called a local office. Within an hour the dispatcher had the trouble ticket in hand await the next available tech.

I'll warn you about something else and I know what I'm talking about. Did you notice before the split you would see TELCO trucks parked beside man holes or working for maybe several days on a cable? When was the last time you saw that? My line needed replaced and I waited a month on it. But yes old Ma Bell did have a few problems. I know of one man who pulled his property of Bell System phone off the wall smashed it into pieces and layed it on his bosses desk the next day at work. That didn't work so the state PSC was notified. New buried cable replaced paper insulated wire.

The line grid is going to fail pretty soon if maintenance is not done. Old Ma Bell could afford to keep a crew to do that as they functioned as a utility actually. They had stricter rules about having by law to provide service than your local utility does. This part was true. If it cost them $10,000 to run a buried cable up the side of a mountain to your home they had to eat that cost. If you call your power company and ask power be ran to that same home you will pay by the poles they set.

A lot of people got hit hard on that split. These were people who had vested years learning their trade. The ones who went with AT&T got hit the hardest. BTW I don't care what phone company you may pay you still likely use AT&T and local Bell's equipment. Ma Bell wasn't just AT&T it was Bell Labs and Western Eclectic as well. You can thank then for the transistor.

Home ownership is at all time highs.

LOL so are mortgages and many people owing them are one pay check from being over due. I own my home and I owe nothing on it. It's not a brick house it is a double-wide sitting on about 30 acres of land that was in the family. My dad has a brick two story home with about 3000 plus square feet. Now wanna explain about that standard of living stuff again? Had we not had two incomes we would not have this.

Thanks for ignoring the questions about women. Nice try though.

Ignore what? My first wife worked at a Levi's plant before we married. With just me and her she didn't have to work after we got married even during the recession. I lost her before we had kids. My second wife worked at Levi's and a place called Standard Knitting Mill. She worked there during her first marriage so they could survive. But that wasn't near as hard a job as the one she was doing when we met. She was a CNA at a nursing home when her husband took off for a young thang.

Listen UP! She fed two small kids, paid the house payment, and electric and phone on that small income. You wanna talk to me more about it? Now those same workers have to compete with illegals who BTW lower the wages for all. Yippie, welcome all says Master Bush. She like myself worked till our bodies could not work any more. She retired the hard way at age 35 and I did a few years later at age 37. I was skilled service related with a strong HVAC and electrical background.

It's amazing how quickly things went down hill once we started trading with China.

No you still don't get it do you and likely don't want to. We started going down hill as a nation when patriotism began being replaced with globalism. It wasn't enough we bought into LBJ's Great Society where Big Brother knows best. That is when families began to fail because government took over the job of bread winner while daddies went out and made more welfare babies with any woman he could find. That is what forced many women into the job market that is the ones who weren't having babies for welfare. Our society began to fall. With even that began the wage decline as more and more jobs became filled. Still we had enough jobs to take care of our own. You may not want to believe it but the standard of living in this nation is on a decline as is quality of life.

The same ones who were taught in colleges about the Great Society were also taught the load of manure concerning the glorious new global economy and how consolidated nations forming trade unions were the answer to all the woes of this world. Company by company American manufacturing began leaving the U.S. Many went to China but many more to Mexico. I had the misfortune of replacing many refrigeration compressors Mexico tried to make. About one in three actually worked beyond a month. This as well has tied us in to the next level of globalist Nonsense called the global environment. SUCKERS!!!!! The USA is a major generator of pollution and must stop it was decreed and by golly our congressmen in both parties help that happen thats to treaties they had no Constitutional authority to make. How many of those idiots complain about China or Mexico's pollution? Yes everybody bought into it hook line and sinker LOL. China and Mexico get our money, we get cheap crap, China has American dollars and technology to build theur military our offspring will one day face, and Mexico still wants what we have left. Enjoy it.

[Toddsterpatriot]

Do you know phone wiring well? Let then come out now and check the line and if it is beyond their box you pay. You either pay a maintenance fee or you pay by the hour plus the call fee but you pay.

Yeah, how much did long distance cost back then? LOL!

Old Ma Bell could afford to keep a crew to do that as they functioned as a utility actually.

I'll bet they could afford it.

If it cost them $10,000 to run a buried cable up the side of a mountain to your home they had to eat that cost.

Yeah, they ate it. LOL!

If you call your power company and ask power be ran to that same home you will pay by the poles they set.

OMG! Paying for what you get? What will they think of next?

LOL so are mortgages and many people owing them are one pay check from being over due.

Some are, most aren't. Meanwhile, the average homeowner has equity of almost 53%.

I own my home and I owe nothing on it. It's not a brick house it is a double-wide sitting on about 30 acres of land that was in the family. My dad has a brick two story home with about 3000 plus square feet. Now wanna explain about that standard of living stuff again?

You bet. My parents never owned a house or went to college. All their kids do and did. You were saying?

Ignore what?

My question. How long was that actually the norm? Not when everyone lived on a farm. Not when sweatshop factory work was mostly women.

Now those same workers have to compete with illegals who BTW lower the wages for all.

I want to build a wall and send them back.

It wasn't enough we bought into LBJ's Great Society where Big Brother knows best.

Yeah, long before trade with China.

You may not want to believe it but the standard of living in this nation is on a decline

You just can't prove it, with facts, not anecdotes.

Company by company American manufacturing began leaving the U.S.

Except for the ones that are still here, manufacturing more than ever.

[am452]

“Huh? We had 17 million more workers working than before. Get it?”

Because we have a larger population.

[am452]

“I’m glad you agree”

Sorry, I don’t agree. So you feel the qualifications of home ownership of the last 5 years is equal(basically nil) with the qualifications of 15-20 years ago??? LOL

[cva66snipe]

My question. How long was that actually the norm? Not when everyone lived on a farm. Not when sweatshop factory work was mostly women.

We were pretty well a self sufficient nation up through the 1970's. That is your answer from me.

I'll bet they could afford it.

They could and more. If an ice storm hit within 500 miles the trucks rolled out and service was restored ASAP which is much faster than todays recovery times. But you intentionally overlooked something Ma Bell by law was required to service anyone who asked for service at Ma Bells cost. A situation they had no control over. I know a guy who has a phone and uses solar lighting because he can not afford $30,000 for power hook up. Ma Bell ran up to his house for their regular fee. That cable is still there's to maintain. If it breaks they must fix it even if it's another few thousand.

Ma Bell was not just one big company as Greene led you to believe. There was AT&T, Regional Bell System, Bell Labs, and Western Electric. Western Electric was the builders of the central offices. They did the massive installation of relays in equipment rooms as big as a Super Store Walmart stacked 5 stories high in medium sized cities. It required a massive investment to set it up. I've seen what a up till the 1980's switch-room looked like. Isle after isles of mechanical relays. But before Greenes decree change was coming technology Bell developed was being installed.

Green gets a lot of credit for something he did not make happen. It wasn't the split that drove the long distance prices down it was technology that Bell was putting into existance and nearly completing when the ordered the split. Be thankfull they got it done beore his ruling as that is what lowered cost.

A computer in a room the size of a living room vs two stories of mechanical relays. That was the ESS or Electronic Switching System. The system that made caller ID etc possible also. You just don't put them in over night and a changeover from mechanical to electronic generally took about two years to complete. It had to be done one circuit at a time and Western Electric was the company. It was done in such a manner most persons did not expericnce but a few minutes of service outage. The cost drops came after that as billing became more expensive than the cost of the call to Ma Bell.

Bell Labs was the engineering section responsible as much as the space race itself for the electronic revolution. AT&T was the company for long distance but employee checks were usually local Bell cut.

Local Bell was local operators, local dispatchers, Local test board operators to work with outside repairmen, Installer repairmen, and central office repairmen. They knew if their equipment was in trouble. The trouble call didn't have to be routed from hub to hub. If you called repair service the phone was answered in seconds. I've spent almost an hour waiting on new Ma Bell only to hear a recording about due to weather and an increased high volume of calls recording your call will be answered in the order it was received that is if it doesn't disconnect when the repair service answers. Try explaining to a repair service tech in Louisville that your whole road is without phone service. They'll wait on all the calls and can not put two and two together to see a major outage a lot of times.

Like them or hate them Ma Bell's people before split tried their best to give good service. They had a very strict quality control. If they went into an equipment room they were required to clean it even if all they did was check a line. Their boss would do spot checks on them. They actually had time to run a chronic problem down as well. The ones today have so many minutes period to clear trouble period. Western Electric also has made the best phones. Heck I still buy them when I see them at thrift stores. I have one cordless for convenience and the rest are Western Electric touch tones.

[am452]

“Some are, most aren’t. Meanwhile, the average homeowner has equity of almost 53%.”

LOL In the not so distant past you was spouting home equity was at 56 or 57%.

[cowtowney]

“USA exports will continue to surge! ..Now they are more affordable.”

The dollar will never make anyone happy. The exporters are happy that the dollar is down. The importers are sad.

[am452]

“You just can’t prove it, with facts, not anecdotes.”

The average middle class American in flyover country knows their standard of living has been stagnant no matter what your charts say. One reason why the rats won in 06 and will probably take the WH in ‘08. (sadly)

Like Durasell said you convert more people to the other side than persuade to your point of view...or is that your real goal?

[mysterio]

The average middle class American in flyover country knows their standard of living has been stagnant no matter what your charts say.

That's exactly how it is in this area. Of course, I live in an area that just lost a ton of factory jobs in the last couple years.

To be fair, a new factory is coming in soon. The jobs pay less, but they still pay pretty well all things considered.

[Toddsterpatriot]

Because we have a larger population.

We have a larger population, so 17 million new jobs don't count? That's funny.

[Toddsterpatriot]

We were pretty well a self sufficient nation up through the 1970's. That is your answer from me.

So ignore all the women who worked on farms and in factories and only count the post war period when many women didn't. Good answer.

[Toddsterpatriot]

LOL In the not so distant past you was spouting home equity was at 56 or 57%.

Gee you think all the 0% down buyers might bring the average down? Not very good at math, are you? LOL!