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Slap on wrist
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Don White
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Slap on wrist/ Boats turning around and going north
wrote:
The yacht brokers in the Pacific NW are all saying "Throw me in the
briars!"
Business is brisk right now with Canadian buyers. For the last 10 years
or so, when the US dollar was a titan vs. the Canadian dollar, the
Canadian brokers have all complained that they were running low on
inventory as US buyers were crossing the border to scoop up boats that
were artificially cheaper based on currency exchange rates. With NAFTA,
any boat built in North America crosses the border duty free.
The Canadians are down here now, buying everything in sight. Lots of
boats going north again. Oh well, we'll have to wait a year of two
until the US buck gets stronger again and then some of the same boats
will once again turn around and head south.
And don't speak too harshly about those Republicans. You can thank the
current congress and administration's fiscal irresponsibility and
record breaking deficit spending for driving down the US dollar to be
close to par for you guys. If we don't get some fiscally responsibly
leadership in DC soon (from either or any party), you'll need a
wheelbarrow full of yankee dollars to buy a cubic foot of Canadian
natural gas.
On cue, our manufacturing and tourism people are now crying and moaning
about the strength of our dollar. They say sales will start to drop off
as our goods become more expensive. Tourism is down as many Americans
find that Canada isn't the cheap deal it once was. Then we have Bush's
new law requiring a passport or expensive identity card for US citizens
to get back into their own country. Land of the Free indeed!
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