Sinking Currency, Sinking Country

World Net Daily ^ | 11/02/07 | Pat Buchanan

[Thorin]

Buchanan nails it.

[SergeiRachmaninov]

You tell it Pat...tell it like it is!

[Brilliant]

Why is Buchanan so upset? He’s the one who wanted to tax the bejeebers out of imports to begin with in order to make them more expensive compared to American goods. Now that’s exactly what we’ve got anyway with a low dollar. The only difference is that the market determined when and how much, not some pin-headed government bureaucrat sitting in a stuffy office in Washington, D.C. We moved efficiently to this result by means of market mechanisms.

Is Buchanan buying into the European bullcrap that the value of your currency has relevance independent from its economic signficance because it’s a matter of National “prestige?” Personally, I would rather have a strong economy than a strong dollar. My National pride is not conditioned on the value of the dollar.

[MNJohnnie]

Buchanan is a total moron, again. A weak dollar makes imports expensive and our exports cheaper. It helps our domestic economy and helps wean us off our addiction to cheap imported goods. Thus a weak dollar is GOOD for our economy. A strong dollar, on the other hand does nothing but gratify the egos of Know Nothing dinosaurs like Buchanan.

[Cringing Negativism Network]

What exports?

We’ve squandered our entire industrial base.

What have we got to export anymore?

Grain? Cattle. Leftist Hollyweird movies and CD’s.

[the invisib1e hand]

Buchanan nails it.

Yeah, about like martin luther did.

Naive drivel pandering to people's naivete.

[period end of story]

It’ll get worse before it gets better but like all cycles it will turn around.

Although it looks like oil and gold will continue to rise: oil to $100 and gold perhaps to $900. The deficit is the main problem, and somewhere Friedman is spinning in his grave.

[Hydroshock]

Wrong. The dollar is way to week and it is hurting middle class families.

[MNJohnnie]

Borrowing $2 billion a day from foreign nations to maintain her standard of liviing

Another know nothing hysteric myth without the slightest base in fact. Pat is almost a stupid as Ron Paul. $2 billion a day would be a federal deficit of 730 billion a year. Our actual Fed Deficit this year is around $190 billion.

Once again Pat demonstrates he is so sunk into senility that he has lost all touch with factual reality.

[Perdogg]

I guess Pat”SS” Buchanan blames the joooos for this one.

[Thorin]

>>>>>Buchanan is a total moron,

No, you are. The only reason our chronic and enormous deficits have not already impoverished America is that the dollar has been the reserve currency for the rest of the world. That is slowly changing, as the dollar falls in value. And when it does change, we will have no one to balme but ourselves and our profligacy and improvidence.

[the invisib1e hand]

We’ve squandered our entire industrial base.

Very appropriate screen name.

Praytell, can you elaborate on this assertion of yours?

[Cringing Negativism Network]

Praytell, can you elaborate on this assertion of yours?

-

Sure:

Peoples. Republic. of China.

Any questions?

[cbkaty]

Should not our import / expoet taxes simply be equal to those imposed by the trading country....would this level the playing field?

[durasell]

Holy crap. You can’t be serious.

[MNJohnnie]

I see Dogma Uber Alles. We shouldn’t actually look at the facts, we should cling to the Know Nothing dogmas screamed by never been anything fools like Pat here.

There is almost no difference these days between Pat and the far Leftists. Both are completely panicked by the normal operations of the Capitalist Free Market system

[DungeonMaster]

787’s

[Thorin]

>>>>>I guess Pat”SS” Buchanan blames the joooos for this one.

Did you read the column? Are you actually capable of reading and understanding? Or are you merely conditioned to spout moronic soundbites when you hear the appropriate word?

[Toddsterpatriot]

Have gold, silver, oil, the euro, the pound and the Canadian dollar all suddenly soared in value in just a few years?

Yes.

Buchanan nails it.

LOL!