Quote:
Originally posted by RawAlex@Oct 12 2004, 04:27 PM
Rolo, I think that while Kerry has not talked about trying to raise the value of the US dollar, it is very likely that a "regime change" in the US will have significant economic repercussions that might actually lead to the dollar increasing in value.
Bush's policies economically have been one of isolationism, taxing and blocking imports, even when this is obiously against trade agreements that the US has signed. Ask the Canadian softwood lumber producers about that. It hasn't even been good for the US, as the blocking of Canadian lumber has added thousands of dollars to the costs of new homes in the US.
Bush has attempted to use these blocks and a falling US dollar to create new production jobs in the US and force the economy forward. it hasn't really worked all that well, jobs are gained on the lower ends of the wage scales, while higher paying jobs (such as dock workers, importers, warehousing, etc) are lost. It has also lead to many goods being most costly, as the shift in the exchange rate has made it more expensive to buy electronics and such overseas.
It is very complex, and it is very hard to assign specific cause and effect, but even with tax cuts and the lowest US dollar in probably 20 years, things are still moving sluggishly.
Proof once again that "voodoo economics" don't really work, I guess.
Bush won't be missed, and the unemployment won't be missed either.
Alex
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AND Edwards and Kerry will cure Parkinson's, Alzheimer's, and allow people like Christpher Reve to get out of his wheel chair and WALK!!!
AMEN!!
I do not know how we have survived without these guys in power?!?!?!
Alex, be honest - you want Kerry to win so I am taxed as much as you....