The falling dollar is a good thing!

[andyhappy]

my dad says the falling value of the dollar is good because it will eventually bring the manufacturing jobs back to america!

Where did my poor pop hear this? Is this the latest talking point? Is this the new rationalization being touted on FOX News?

Anyone else hear of any repugs barking up this tree?

Sheesh!

[nadinbrzezinski]

1. talking point

it is a really bad thing, seen this movie before....

tell your dad to look this up.. Mexican Peso, 1985 and current Mexican Economy

Oh and also tell him, look at Currency Controls

[Kellanved]

2. easy answer:

The Chinese currency is tied to the dollar and overvalued, hence better able to stomach inflation.
(not to mention: raw materials are getting more expensive...)

[Scrooge]

3. thats the spin?

Christ almighty, they will spin anything to make shrub look good no matter how miserable everybody knows it is.

[movonne]

7. Well haft the US believes that Iraq had WMD's...so what makes

anyone think they wouldn't believe this one....

[htuttle]

4. He's right

But what he doesn't realize is that our standard of living will need to be worse than rural China or India before the jobs come back. We'd have to work for less than them to get the factories back.

I would have hoped that he'd want a better life for his children than that. :shrug:

[andyhappy]

5. thats what I kept saying

but he wouldn't listen.

it was like this with the election. No matter what I told him about kerry, he was on that flip flopper thing and wouldn't budge.

how does the right convince people of things so succesfully?

[nadinbrzezinski]

15. markeitng

get "waht is the matter wiht kansas"

[SmokingJacket]

8. Exactly. n/t

[Benhurst]

11. Hey, I think he's got something there! Now if we can just find

American workers who are willing to work for LESS than the 7¢ per hour demanded by Chinese textile workers.

[asthmaticeog]

6. There is a sense in which the falling dollar can be seen as good

but it's trivial compared to the greater economic impact that it'll have. It's debt. When I took out my student loans and my car loan, the dollar was strong. I'm paying back a fixed dollar amount with fixed interest, but a weaker dollar. I'm basically screwing my creditors. Ha, ha, FirstMerit, fuck you!

Of course, grocery prices have shot up tremendously, so I might not be able to make those weak-dollar payments for much longer, and if the company I work for goes under because our clients are paying us in weaker dollars but our costs are going up, welllll...

[Moonbeam_Starlight]

9. Oh God is it still falling?

I've been almost afraid to look lately. It hits a "new low" every darn day.

I'm sick to my stomach. I gotta keep repeating the phrase Walt Starr taught me: "Embrace the full horror of the nightmare that is bush."

bushies just HATE it when I say that with a smile!

[Old and In the Way]

10. You think businesses will invest in new factories, training , and

all kinds of fixed overhead costs to make widgets based on currency fluctuations? Stockholders look for paybacks in terms of months now, not years....so I don't see an ROI justification...yet. True, we will be more competitive selling products in Europe, but do you think buyers are going support this administration? And they have far more interest in trading with China where there is serious market growth and capital appreciation potential.

[htuttle]

12. True, China will take our place as the world's biggest consumer market...

...along with India -- probably within 5-10 years.

Then we'll be sittin' here all useless with no jobs and no money and nothing to eat but a bunch of stupid Bibles.

[Anakin Skywalker]

13. I Don't Even Have a Bible to Eat.

:(

[McKenzie]

14. I can hardly type for laughing...snort

"nothing to eat but a bunch of stupid Bibles" Oh man, that is so bloody funny.

hnnhnn...still laughing.