U.S. trade deficit at new record high.

[Ferocious]

And this is with a relatively weak dollar!

Of course we probably lead most countries in the exporting of jobs.

ack

 

[gwlam12]

the mad cow scare probably didn't help either.

 

[lozina]

I consciously look for American products, but it's getting harder and harder to find anything made in America anymore. Maybe it's just me.

 

[XZeroII]

Stupid Clinton and his MFN policy Screwed us royally.

I wonder how long it will take before the anti-Bush crowd starts trying to pin this all on Bush?

 

[lozina]

Originally posted by: XZeroII
Stupid Clinton and his MFN policy Screwed us royally.

I wonder how long it will take before the anti-Bush crowd starts trying to pin this all on Bush?

Most Favored Nation? Please elaborate how Clinton is at fault for our trade deficit, I'd love to hear this

 

[xochi]

Originally posted by: lozina

Originally posted by: XZeroII
Stupid Clinton and his MFN policy Screwed us royally.

I wonder how long it will take before the anti-Bush crowd starts trying to pin this all on Bush?

Most Favored Nation? Please elaborate how Clinton is at fault for our trade deficit, I'd love to hear this

the favorite repug line HE GOT A BLOWJOB!

LOL

 

[Spencer278]

Originally posted by: xochi

Originally posted by: lozina

Originally posted by: XZeroII
Stupid Clinton and his MFN policy Screwed us royally.

I wonder how long it will take before the anti-Bush crowd starts trying to pin this all on Bush?

Most Favored Nation? Please elaborate how Clinton is at fault for our trade deficit, I'd love to hear this

the favorite repug line HE GOT A BLOWJOB!

LOL

But it was made in the USA so it doesn't count.

 

[XZeroII]

Originally posted by: lozina

Originally posted by: XZeroII
Stupid Clinton and his MFN policy Screwed us royally.

I wonder how long it will take before the anti-Bush crowd starts trying to pin this all on Bush?

Most Favored Nation? Please elaborate how Clinton is at fault for our trade deficit, I'd love to hear this

By eliminating TON of trade restrictions and tarrifs, he basically made the outsourcing of employees a reality. With less tariff money coming in, he also widened the trade gap. He also widened it because it made foreign items cheaper, thus we began using imported items more than domestic simply because they cost less.

 

[Zebo]

Washington has sold the american dream out. I read someplace Gen-x ie Born 1965 and above is the first generations in america who won't live better than thier parents. We are competing for jobs with nations who have little value for safe working conditions, short hours, democracy, equal opportunity, pensions, more than 38 cents an hour, clean water or air among other things...And cheap shipping has made this possible.

Wanta compete? lower your standards and join the ailing service sector whos salaries are now mitgated by the increased competition from other fields.

 

[Spencer278]

isn't a trade deficit good for the US. It means that we get stuff for free.

 

[Witling]

XZero, blaming Clinton for the trade deficit is like taking a picture of a car wreck. Yes, that's what you see when the picture was taken, but this has been an event and an increasing trend since long before Clinton. Gee, why not blame Nixon, he opened up relationships with China?

Spencer, a trade deficit is not good for a country. It's like stretching a rubber band. Eventually something's got to give, and when it does, it hurts.

 

[Mursilis]

Originally posted by: lozina

Originally posted by: XZeroII
Stupid Clinton and his MFN policy Screwed us royally.

I wonder how long it will take before the anti-Bush crowd starts trying to pin this all on Bush?

Most Favored Nation? Please elaborate how Clinton is at fault for our trade deficit, I'd love to hear this

XZeroII was probably talking about this:

Quoting a part of the article:

President Bill Clinton on Wednesday proposed renewing most-favored-nation (MFN) trade status for China, saying it was "clearly in our nation's interest" as he urged Congress to support the request.
Most-favored-nation status offers low tariffs and treats countries as normal trading partners.

 

[Spencer278]

Originally posted by: Witling
XZero, blaming Clinton for the trade deficit is like taking a picture of a car wreck. Yes, that's what you see when the picture was taken, but this has been an event and an increasing trend since long before Clinton. Gee, why not blame Nixon, he opened up relationships with China?

Spencer, a trade deficit is not good for a country. It's like stretching a rubber band. Eventually something's got to give, and when it does, it hurts.

As long as the dollar stays stable and strong then the trade deficit is good. We in effect trade paper for valueable stuff.

 

[Zebo]

Clinton had no choice, not only was the republican congress behind it because they are also bought to keep thier seats, Clinton had to have money to win and wall street demands free trade and they have lots of money to give. The whole system is broken when you can only win by having the capital class behind you which make up a insignifigant portion of the population. This is why a patriot like Buchanan or Nadar has no chance in hell and is demonized by the press who is also a member of that class and does it's best to not cover them and only when it's to pan them. Personally I don't care who wins in november, they are identical when it comes to economics, sell outs, which is the only issue that really matters when getting down to brass tax.

 

[Zebo]

Originally posted by: Spencer278
isn't a trade deficit good for the US. It means that we get stuff for free.

Haha nothings free. Half of Hawaii is japanese owned..much land and stocks in USA is foreign owned, millions of jobs have been lost. This comprimises our sovergnty, drives the prices up of those assests, and makes communites weaker when many are looking for work. Sure you get that VCR cheap now but at what price in the long run? And is it worth it?

 

[Mursilis]

Originally posted by: Zebo
Clinton had no choice, not only was the republican congress behind it because they are also bought to keep thier seats, Clinton had to have money to win and wall street demands free trade and they have lots of money to give. The whole system is broken when you can only win by having the capital class behind you which make up a insignifigant portion of the population. This is why a patriot like Buchanan or Nadar has no chance in hell and is demonized by the press who is also a member of that class and does it's best to not cover them and only when it's to pan them. Personally I don't care who wins in november, they are identical when it comes to economics, sell outs, which is the only issue that really matters when getting down to brass tax.

The article I quoted was from 1998, after his re-election. He'd already won at that point, but still sought to renew China's MFN status. Maybe all that right-wing whispering about pay-offs from the Chinese military was right after all, eh Zebo?

 

[Zebo]

What difference does that make (when)? They ar'nt going to finance a man with alterior motives.

 

[rchiu]

Originally posted by: Mursilis

Originally posted by: lozina

Originally posted by: XZeroII
Stupid Clinton and his MFN policy Screwed us royally.

I wonder how long it will take before the anti-Bush crowd starts trying to pin this all on Bush?

Most Favored Nation? Please elaborate how Clinton is at fault for our trade deficit, I'd love to hear this

XZeroII was probably talking about this:

Quoting a part of the article:

President Bill Clinton on Wednesday proposed renewing most-favored-nation (MFN) trade status for China, saying it was "clearly in our nation's interest" as he urged Congress to support the request.
Most-favored-nation status offers low tariffs and treats countries as normal trading partners.

The key word here is "RENEW". MFN was granted to China in 1979 when Nixon opened relationship with them. The status was review and renewed every single year since by every single President.

Nice try single out Clinton and try to shift blame to him. Bush has 4 years at all the issues we are seeing today, job, trade deficiits and everything else that is going wrong in this country. It is just lame trying to blame someone else.

 

[XZeroII]

Originally posted by: Spencer278

Originally posted by: Witling
XZero, blaming Clinton for the trade deficit is like taking a picture of a car wreck. Yes, that's what you see when the picture was taken, but this has been an event and an increasing trend since long before Clinton. Gee, why not blame Nixon, he opened up relationships with China?

Spencer, a trade deficit is not good for a country. It's like stretching a rubber band. Eventually something's got to give, and when it does, it hurts.

As long as the dollar stays stable and strong then the trade deficit is good. We in effect trade paper for valueable stuff.

*BEEP* WRONG! Lower dollar = better trading = smaller trading gap. Lower dollar means that our products are cheaper overseas and thus people over there are more likely to buy them. Thus we export more.

 

[Zebo]

What exactly are you selling them? What is anyone you know selling them? Nice theory though to bad is does'nt work in practice. Has'nt worked in the last 4 years of deflated dollar jobs and exports have gone down not up because it's hard to sell something you aint got or don't manufacture/... Not to mention nationalism practiced abroad.

 

[charrison]

Originally posted by: Zebo
What exactly are you selling them? What is anyone you know selling them? Nice theory though to bad is does'nt work in practice. Has'nt worked in the last 4 years of deflated dollar jobs and exports have gone down not up because it's hard to sell something you aint got or don't manufacture/... Not to mention nationalism practiced abroad.

Manufacturing is still a large chunk of our economy, we just use far less people to do it. This has been a long term that is unlikely to change, no matter who is in DC>

 

[Spencer278]

Originally posted by: XZeroII

Originally posted by: Spencer278

Originally posted by: Witling
XZero, blaming Clinton for the trade deficit is like taking a picture of a car wreck. Yes, that's what you see when the picture was taken, but this has been an event and an increasing trend since long before Clinton. Gee, why not blame Nixon, he opened up relationships with China?

Spencer, a trade deficit is not good for a country. It's like stretching a rubber band. Eventually something's got to give, and when it does, it hurts.

As long as the dollar stays stable and strong then the trade deficit is good. We in effect trade paper for valueable stuff.

*BEEP* WRONG! Lower dollar = better trading = smaller trading gap. Lower dollar means that our products are cheaper overseas and thus people over there are more likely to buy them. Thus we export more.

Lower inports and greater exports mean less goods for america.

 

[Zebo]

Not large enough if your having to bring in goods from other counties and employ people in those countries not ours to meet demand.

 

[charrison]

Originally posted by: Zebo
Not large enough if your having to bring in goods from other counties and employ people in those countries not ours to meet demand.

Manufacturing is at an all time high at nearly 40% of the GDP.

linkage

Not bad for a country that does not make anything....

 

[dmcowen674]

Originally posted by: XZeroII

Originally posted by: lozina

Originally posted by: XZeroII
Stupid Clinton and his MFN policy Screwed us royally.

I wonder how long it will take before the anti-Bush crowd starts trying to pin this all on Bush?

Most Favored Nation? Please elaborate how Clinton is at fault for our trade deficit, I'd love to hear this

By eliminating TON of trade restrictions and tarrifs, he basically made the outsourcing of employees a reality. With less tariff money coming in, he also widened the trade gap. He also widened it because it made foreign items cheaper, thus we began using imported items more than domestic simply because they cost less.

So then why didn't your Fearless Liar undo what Clinton supposedly did???