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Old 2006-07-08, 08:22 AM   #1
ecchi
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Quote:
Originally Posted by Ramster
Bush has killed the US dollar compared to the rest of the world and I'm sure that's gotta hurt imports and exports
In the short term it HELPS imports, which is why he did it. But in the long term it leads to galloping inflation and (eventually) a recession or even a depression.

This is one case where George W. is not actually stupid. At the moment it makes things look good in the economy, but it a few years time the shit will hit the fan. So people will look back and say "He must have been a good president because while he was in office we had a good economy, but after he left and another president took over we had galloping inflation ($10 loaf of bread anyone?) and finally went into another depression."

This is the one reason your 2 term max is not a good idea. George W. knows he cannot stand again, so to look good in history he has to make his term look better that the next. Over here, our prime minister knows that there is a risk that he will be re-elected every time (he is now on his 3rd or 4th term) so cannot afford to do the same shit George W. is doing to you guys.
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Old 2006-07-08, 11:45 AM   #2
SirMoby
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Quote:
Originally Posted by ecchi
In the short term it HELPS imports, which is why he did it. But in the long term it leads to galloping inflation and (eventually) a recession or even a depression.
That's why I keep saying that we will have a difficult time around 2008 to 2010. He planned this when he took office and immediately removed pay as you go government. The huge deficit always leads to a weak currency. No debating that. Other factors may have some effects as well but the deficit is the biggest factor.

I'll say it again.

In 2008 the republicans don't want to win the Presidency because the next President doesn't have a chance of fixing the mess. The plan is to fuck things up as much as possible, blame the next President for it and then run brother Bush. That's when the Tom Delay's and Daddy's CIA friends will remove the power of the supreme court and rewrite the constitution.

2000, 7% of all tax dollar went to pay interest on loans taken when Dubya's daddy was in the administration. Today it's 15%. By the time someone gets control over it again it may be 20% to 25%.

Also our debt is currently about 30% of GDP. That will be 50% by the time it's curbed.

We're fucked but as long as there's hate the admin stays in power.
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