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Getbig Main Boards => Politics and Political Issues Board => Topic started by: ribonucleic on March 14, 2007, 01:34:25 PM

Title: Yet another record trade deficit PLUS first-time investment deficit
Post by: ribonucleic on March 14, 2007, 01:34:25 PM

"The Bush administration contends the large foreign holdings of U.S. assets are a sign of strength."

 ::)

http://news.yahoo.com/s/ap/20070314/ap_on_bi_go_ec_fi/economy

Title: Re: Yet another record trade deficit PLUS first-time investment deficit
Post by: 240 is Back on March 14, 2007, 02:57:03 PM

Quote from: ribonucleic on March 14, 2007, 01:34:25 PM

"The Bush administration contends the large foreign holdings of U.S. assets are a sign of strength."

Haliburton is moving to Dubai.
Bush is moving to Paraguay.

And some idiot here will no doubt agree with the above statement that Chinese banks owning property here is GREAT!

Title: Re: Yet another record trade deficit PLUS first-time investment deficit
Post by: Thin Lizzy on March 14, 2007, 03:02:37 PM

You fail to point out that the U.S. by far the highest Gross Domestic Product of any country in the world. So, a trade deficit isn't exactly the end of the world. In this case it means that the U.S has a lot of fvcking money.

Title: Re: Yet another record trade deficit PLUS first-time investment deficit
Post by: 240 is Back on March 14, 2007, 03:16:00 PM

Quote from: Thin Lizzy on March 14, 2007, 03:02:37 PM

You fail to point out that the U.S. by far the highest Gross Domestic Product of any country in the world. So, a trade deficit isn't exactly the end of the world. In this case it means that the U.S has a lot of fvcking money.

weird that our trading partners are all dropping the dollar.

China and Russia dropped it in 2006, right before essentially becoming war allies, making a deal to send Iran 20 billion, and shooting down a satellite to re-ignite the fight for space (and therefore first strike capability)