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Pat Buchanan : America's Hollow Prosperity
WorldNetDaily.com ^ | 02/15/2006 | Patrick Buchanan

Posted on 02/15/2006 10:42:45 AM PST by SirLinksalot

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To: JABBERBONK; A. Pole
...it's all about creating wealth. You can sit around moan like clowns such as Buchanan, or you can move your ass and make money.

That really is the choice --simple as that.  I'm becoming  more and more convinced that the deep inside these Pat-People actually choose to avoid the success they fear, and to hate the rest of us who are successful.

There's another thread going on right now (Republicans happier than rivals) that's considering this very question.  It's all about how happy conservatives are and how unhappy the big government types are.  Sure seems that the most unhappy people around are the ones that want a government big enough to raise our taxes to pamper union bosses for life.

141 posted on 02/15/2006 12:40:23 PM PST by expat_panama
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To: ex-snook

Isn't the intent of this forum and these threads to discuss political opinion? When a subject is introduced and examined by an author who is political in nature and who does it for political sport, aren't we obliged to discuss its political intent as well?

Although I have stuck to the subject matter in my replies I nevertheless realize that economics is difficult to understand for many on these threads, and the comments, political and otherwise, do not disprove that fact.


142 posted on 02/15/2006 12:40:47 PM PST by Final Authority
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To: Paul Ross

1999 would work, too. Or 1975. Just not 1650.

A trade deficit, by itself, means nothing.

It's like an elevated heartbeat. Could be bad. Or you could be jogging.

I believe this miscopetion is a caused by failure to require calculus to graduate high school.

It's based on static, zero-sum, thinking. Essentially, they assume there is a finite of wealth to go around.

This was last true in mercantile Holland when countries hoarded gold.

I believe the concept eludes the same type of people who can't get their mind around the (similiar) concept that lowering taxes increases can increase tax revenue by increasing the size of the pie, albeit it is a disease of non-mathematical minds on the right, as opposed to the limited minds of the left.

To grossly oversimplify (and make static for explaination), if the US economy imports 250 to expand its economy from 500 to 1000, it's up a net 250.

We import to expand more, in other words.

The floating dollar is the natural fix to this --- if we over-import the dollar devalues, so we export more and import less.

Pat is, well, limited, in his mental capacity apparently, or simply does not want to understand.


143 posted on 02/15/2006 12:41:01 PM PST by MeanWestTexan (Many at FR would respond to Christ "Darn right, I'll cast the first stone!")
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To: A. Pole

Yup, thats how it works, I take some of the profit I made on Real estate, and some gets invested elsewhere some gets used to make purchases that would not have been made other wise to grow the economy {economics 101}hope it's not too confusing for some on this thread.


144 posted on 02/15/2006 12:41:42 PM PST by JABBERBONK
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To: ex-snook

Isn't the intent of this forum and these threads to discuss political opinion? When a subject is introduced and examined by an author who is political in nature and who does it for political sport, aren't we obliged to discuss its political intent as well?

Although I have stuck to the subject matter in my replies I nevertheless realize that economics is difficult to understand for many on these threads, and the comments, political and otherwise, do not disprove that fact.


145 posted on 02/15/2006 12:42:16 PM PST by Final Authority
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To: expat_panama

Interesting how this thread proves the other.


146 posted on 02/15/2006 12:44:45 PM PST by CWOJackson (Tancredo? Wasn't he the bounty hunter in Star Wars?)
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To: Jack Black
The "FT" in NAFTA stands for Free Trade.

That was the intent, just as Congress has mislabeled several other laws as "civil rights" or "tax reform" which are not really what they purport to be.

We can have free trade any time we want it without negotiating treaties or "agreements" that skirt the Constitution's ratification process. Just drop restrictive tariffs and trade embargoes. My son could go for a good Cuban cigar (I don't smoke, but I do care).

As far as "internationalist-libertarian" wet dreams go, perhaps you've forgotten that both the Cato Institute and the Libertarian Party were fully in support of NAFTA.

We either have a government that believes its citizens should be empowered to buy and sell freely or we don't.

The nature of bipartisan "agreements" on trade over the last decade indicate strongly that we don't.

147 posted on 02/15/2006 12:47:01 PM PST by logician2u
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To: hedgetrimmer
If the economy is humming along, why is there no money for our infrastructure?

Because the government wastes our money on stupid crap that they shouldn’t be involved in.

I have no idea what this remotely has to do with our trade deficit though, beyond validating my point that the government is a piss poor economic planner and should do less of it.

The Buchananites cannot seem to tackle this inarguable point, so they throw out irrelevancies like how some people in Texas want to finance construction of a road.

148 posted on 02/15/2006 12:47:56 PM PST by dead (I've got my eye out for Mullah Omar.)
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To: hedgetrimmer

I'm afraid your a tad clueless, the Infastructure I refer to in my area would include, just about every major thoughfare being improved, and the huge amount of NEW construction in the Pasco/Hernando/Citrus county I 75, and Suncoast parkway corridors.


149 posted on 02/15/2006 12:49:29 PM PST by JABBERBONK
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To: hedgetrimmer
If texas has more tax revenues than ever, why would they have to RAISE taxes to pay for a highway?

Huh? Maybe because they are spending it on other stuff. Are you claiming that Texas is lying about how much it is collecting in taxes?

150 posted on 02/15/2006 12:49:51 PM PST by Rodney King (No, we can't all just get along.)
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To: Final Authority

I think it is more respectful to readers to stick to the topic of the post and not hijack for other agendas. Other topics can be introduced at will for separate discussion.


151 posted on 02/15/2006 12:50:24 PM PST by ex-snook (God of the Universe, God of Creation, God of Love, thank you for life.)
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To: Rummyfan

Of course he is against trade.

Trade necessitates giving credit.

Credit involves "money lenders"

"Money lenders" = Jooooooooooooooooooooooooooooooos


152 posted on 02/15/2006 12:51:09 PM PST by Sabramerican
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To: pissant
So now PCR, PJB and Sobran will be engaging in a Daisy Chain of citations trying to buttress each others' remarks?
153 posted on 02/15/2006 12:52:36 PM PST by AmishDude
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To: Paul Ross
With respect to the trade surplus in USD that China has hoarded, can you cite a reference to back your claims?

With respect to "Is clearly obsolete." (sic) What is obsolete? Is currency trading obsolete? If it was, then how would Chinese industry buy so much oil on the international market or buy so much iron ore or scrap metal or logs or (you name it) unless they used traded currency.

Why, if they have cash, would they want to not spend it? If they destroy the worlds economy they have nothing, unless they figure a nation with a bad economy can not mount a defense effort. Is that what you are thinking?

So, please cite your factual references as I am ignorant to the facts as you present them.
154 posted on 02/15/2006 12:54:07 PM PST by Final Authority
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To: ex-snook
"I think it is more respectful to readers to stick to the topic of the post..."

It's also RESPECTFUL of readers to reveal when an author has a political agenda underlying what they're writing...it all goes to the integrity of his current writing.

155 posted on 02/15/2006 12:54:18 PM PST by CWOJackson (Tancredo? Wasn't he the bounty hunter in Star Wars?)
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To: CWOJackson
Interesting how this thread proves the other.

Exactly!  Truly amazing.

156 posted on 02/15/2006 12:57:40 PM PST by expat_panama
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To: Sabramerican

Yep...and don't publish cartoons that offend his Muslim friends.


157 posted on 02/15/2006 12:57:46 PM PST by CWOJackson (Tancredo? Wasn't he the bounty hunter in Star Wars?)
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To: SirLinksalot

Sure, Pat, we'll just put up a big wall, keep everyone out and keep the American's locked in tight ...


158 posted on 02/15/2006 12:58:19 PM PST by BlueNgold (Feed the Tree .....)
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To: logician2u

I agree that we don't have true Free Trade. Aside from Cuban cigars, which are a corner case, the NAFTA treaty was 2000 pages long with all sorts of rules for everything. I tried to bring a few cases of Tecate back from a short trip to Ensenada, Mexico and was told the "limit" was six cans per adult.

Imagine that. Post Free-trade agreemnet and GM can move an entire factory to Mexico but a US citizen can't bring back a case of beer.

The full on Free Trade fundamentalists often also support unlimited immigration and other extremely idealistic positions. Because we have little experience, and none in modern times, of what these super-libertarian systems would be like in practice it's hard to judge what the results would be.

Like it or not governments are a big part of the world. I guess I don't think our can unilaterally surrender while others view economics as war.


159 posted on 02/15/2006 12:58:27 PM PST by Jack Black
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To: A. Pole
"Let London manufacture those fine fabrics of hers to her heart's content; let Holland her chambrays; Florence her cloth; the Indies their beaver and vicuna; Milan her brocade, Italy and Flanders their linens...

So your point is that instead of doing the things and making the products they're good at, countries should do the things and make the products that they're bad at?

160 posted on 02/15/2006 12:58:55 PM PST by Toddsterpatriot (Why are protectionists so bad at math?)
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