Quote:
Originally posted by The Other Steve
Look at the trade figures - the US is a net consumer - it uses more than it produces whether that be measured in primary or secondary products.
It is also sending jobs overseas.
Combine all that with the weakening dollar and it means that America will be importing more at a higher cost and so the consumer will have to pay more for everything.
Does that make for a great future for the US?
What will be left at the end of four more years?
Banana Republic may soon become part of the lexicon of the average US citizen
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Ok.....whatever you say.
In that case, why is unemployment over 10% in Europe as compared to 5% in the US?
Don't believe the boogeymen. The US economy is MUCH stronger than you realize. The continued trading of oil in petrodollars is also a much stronger market anchor than you think. Why do you think that Germany, France and Russia wouldn't join us in Iraq? Besides the Billions that they were skimming off of the "oil for food" program, they had also cut a deal with Saddam to change petrodollars to petroeuros.