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"John H" wrote in message ... When compared to the economies of other countries, the US is doing quite well. When compared to historical US data, the US is doing quite well. |
"NOYB" wrote in message ... wrote in message oups.com... John H wrote: Some folks want to complain that Bush has done a bad job with our economy. Perhaps they should check the rest of the world. Last week France broke the double digit unemployment rate. This week Germany does even worse. Note, especially, the second paragraph and the last section on the US economy. snip What happens elsewhere in the world has no bearing on us. shakes head in disbelief He is the "king" |
wrote in message oups.com... John H wrote: Some folks want to complain that Bush has done a bad job with our economy. Perhaps they should check the rest of the world. Last week France broke the double digit unemployment rate. This week Germany does even worse. Note, especially, the second paragraph and the last section on the US economy. snip What happens elsewhere in the world has no bearing on us. It's like comparing apples and oranges. Take for example, if you were to compare Afghanistan with Germany, THEN, Germany would look economically gigantic! Go take Economics 101. And then you will realize that the economy is global. Failing enconomies in Europe affect us. Greatly. And Europe, especially Germany and Italy are tanking big time. Part of the oil price increase (and a major part) is China's booming economy. They are buying copius amounts of oil to fuel the manufacturing base. And since they learned from Japan, to artificially hold the low value of their currency, they get to have even greater benefits in their economy. Japan was eventually required to float the value of their currency, and it is coming very soon for China. |
Did he really say "What happens elsewhere in the world has no bearing on
us."? "NOYB" wrote in message ... wrote in message oups.com... John H wrote: Some folks want to complain that Bush has done a bad job with our economy. Perhaps they should check the rest of the world. Last week France broke the double digit unemployment rate. This week Germany does even worse. Note, especially, the second paragraph and the last section on the US economy. snip What happens elsewhere in the world has no bearing on us. shakes head in disbelief |
"What happens elsewhere in the world..." determines/is determined (or if you
like, affects/is affected) by the US' foreign trade (debt/surplus), economic policies, etc. Dollar low compared to foreign currency: boon to local US tourism and US products for export. Dollar high compared to foreign currency: more Americans go overseas and buy foreign products (a bit oversimplified but true, nevertheless). Time and again, what is plain to see during "world recessions" is that capitalist economies almost always fare better than socialistic economies because, for one, there are proportionally less social welfare-type programs (non-revenue generating, i.e., all expense) that hasten the economy's stagnation, two, because citizens of the former tend to rely mostly on themselves for their own welfare and not expect government handouts at every turn of the economy. A capitalist economy appears to be better "buffered" for recessions: opportunities arise for entrepreneurs when businesses/sectors flounder, e.g., other businesses take over/expand or are formed thus creating jobs which helps offset the ones which were lost. Mufasa: "It's part of the circle of life... (in a capitalist jungle anyhow). Germany still has not recovered from the economic chaos created by their unification. France, well, is France. Like him or not, Bush is doing a much better job with the economy than most detractors would give him credit for considering he took office in his first term when the economy was already well into a downward spiral. wrote in message oups.com... John H wrote: Some folks want to complain that Bush has done a bad job with our economy. Perhaps they should check the rest of the world. Last week France broke the double digit unemployment rate. This week Germany does even worse. Note, especially, the second paragraph and the last section on the US economy. snip What happens elsewhere in the world has no bearing on us. It's like comparing apples and oranges. Take for example, if you were to compare Afghanistan with Germany, THEN, Germany would look economically gigantic! |
P.Fritz wrote: "NOYB" wrote in message ... wrote in message oups.com... John H wrote: Some folks want to complain that Bush has done a bad job with our economy. Perhaps they should check the rest of the world. Last week France broke the double digit unemployment rate. This week Germany does even worse. Note, especially, the second paragraph and the last section on the US economy. snip What happens elsewhere in the world has no bearing on us. shakes head in disbelief He is the "king" I see you haven't taken JimH's advice. |
NOYB wrote: wrote in message oups.com... John H wrote: Some folks want to complain that Bush has done a bad job with our economy. Perhaps they should check the rest of the world. Last week France broke the double digit unemployment rate. This week Germany does even worse. Note, especially, the second paragraph and the last section on the US economy. snip What happens elsewhere in the world has no bearing on us. shakes head in disbelief Me too, NOYB. I can't believe that you don't understand some simple facts. IF you were to comprehend what you read, you'd figure it out. I meant, what is happening in Germany, and conversely, the U.S. is comparing apples to watermelons. But, it looks as though you won't get it. |
wrote in message ups.com... NOYB wrote: wrote in message oups.com... John H wrote: Some folks want to complain that Bush has done a bad job with our economy. Perhaps they should check the rest of the world. Last week France broke the double digit unemployment rate. This week Germany does even worse. Note, especially, the second paragraph and the last section on the US economy. snip What happens elsewhere in the world has no bearing on us. shakes head in disbelief Me too, NOYB. I can't believe that you don't understand some simple facts. IF you were to comprehend what you read, you'd figure it out. I meant, what is happening in Germany, and conversely, the U.S. is comparing apples to watermelons. But, it looks as though you won't get it. You weren't just making a comparison. You said: "What happens elsewhere in the world has no bearing on us". Do you see the *cause* and *effect* inference in that sentence? |
NOYB wrote: wrote in message ups.com... NOYB wrote: wrote in message oups.com... John H wrote: Some folks want to complain that Bush has done a bad job with our economy. Perhaps they should check the rest of the world. Last week France broke the double digit unemployment rate. This week Germany does even worse. Note, especially, the second paragraph and the last section on the US economy. snip What happens elsewhere in the world has no bearing on us. shakes head in disbelief Me too, NOYB. I can't believe that you don't understand some simple facts. IF you were to comprehend what you read, you'd figure it out. I meant, what is happening in Germany, and conversely, the U.S. is comparing apples to watermelons. But, it looks as though you won't get it. You weren't just making a comparison. You said: "What happens elsewhere in the world has no bearing on us". Do you see the *cause* and *effect* inference in that sentence? Oh, so now you contend to be able to tell WHAT I WAS THINKING? NOYB, I always knew you considered yourself quite special, but that's the just about as audacious and condensending as a person can get. Get over yourself. |
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