Thread: Partisanship versus reason

Emphasis for clarity

Originally Posted by -Lazarus-

In some cases it's likely due to globalization, which takes even more jobs out of the United States in favor of cheaper labor. Yet another way companies are attempting to save money or make more money. The dollar is also very weak against most of the currencies these companies will be paid in from global sales. The profit estimates are reported in converted dollars to shareholders, meaning even more inflation of the reported profits..

Originally Posted by -Lazarus-

I didn't say the dollar was very weak historically, did I? Someone else said I said that, as usual someone misquotes me I guess.

Woe is me, stop playing the "oft maligned victim" with as many posts/quotes/nested quotes it's bound to happen.
But, you kind of, sort of, basically, said that the dollar is "very weak."

The word "historically" likely got attributed to you due to a poor job of quoting/responding by both you and trigger in these two posts:
Post #68
Post #70

Originally Posted by Alundil

Emphasis for clarity


Woe is me, stop playing the "oft maligned victim" with as many posts/quotes/nested quotes it's bound to happen.
But, you kind of, sort of, basically, said that the dollar is "very weak."

The word "historically" likely got attributed to you due to a poor job of quoting/responding by both you and trigger in these two posts:
Post #68
Post #70

You just proved his point for him. There is a massive difference between that quote and saying the us dollar is historically very weak. Not that i agree with his assessment but it be what it be.

Originally Posted by Alundil

Emphasis for clarity


Woe is me, stop playing the "oft maligned victim" with as many posts/quotes/nested quotes it's bound to happen.
But, you kind of, sort of, basically, said that the dollar is "very weak."

The word "historically" likely got attributed to you due to a poor job of quoting/responding by both you and trigger in these two posts:
Post #68
Post #70

You know, it's funny. I should really start keeping track how often this "poor job" thing happens... Because damn. It's a lot. But, oh well.

Originally Posted by -Lazarus-

You know, it's funny. I should really start keeping track how often this "poor job" thing happens... Because damn. It's a lot. But, oh well.

Oh. And ironically, if all we look at is comparative value, the dollar IS very weak right now, historically speaking. LOL.

In the last 12 or so years alone the dollar's value has dropped something like 30% of its comparative value. In the last 30 years, the dollar has lost close to 50% of its comparative value against other major currencies.

But, you know, why quibble, right? It wasn't really the point I was making before anyways.

Finally it's also worth noting that the purchasing power of the dollar within our own economy has dropped over 120% within the same time period (30 years).

Quantitative Easing along with some other drivers including unhinged spending are wreaking havoc on the U.S. economy. Businesses are naturally going to seek emerging markets in strong economies with stable currencies to focus their energy in so they can have higher margins and stronger profits.

Right now we're in a race to recovery with other nations, all of whom are struggling financially one way or another. It's really our only saving grace that the other major economies in the world are struggling, that we haven't completely cratered yet. It's a race we are losing due to profligate spending and complete ignorance in terms of how to gain consumer confidence, reduce spending and balance our budget. Instead we are making our future worse by spending money recklessly and creating an unsustainable amount of unfunded liabilities for ourselves, then monetizing our debt to pay the bills... Which will only accelerate the decline.

It's no wonder companies are globalizing in response. But then, I personally happen to think this is the agenda liberals who keep the spending going want to see happen in the first place.