5679, RE: the problem is Posted by foxnesn, Wed Mar-19-03 05:17 AM
thanks for the discussion!
>i agree. i'm against this, yeah, but i hesitate to say there >is "one" issue. there are many.
yea defin many issues.
>not like we used to. and even though we have plants and >factories and such, but it's more likely that we will create >something, then sell it off to the highest bidder. we might >make it here, give a few people jobs, but a company would >much rather have it made overseas & not have to pay the >workers much. and the factories we DO have close down daily.
true, but those factories overseas are still owned by US corporations.
>my clothes, shoes, car (chrysler is no longer an american >car), screwdriver, none of that is made in america anymore. >those were the kinds of jobs people used to have that >bolstered the economy.
right, but times have changed and the job market has changed with it. think of 1999-2000 and the tech boom.
>that's true, but people are not only seeing this this "war" >from an economic standpoint. the world is looking at us now >and the world is afraid. those millions in the streets in >europe... >what kind of politicians will they elect from here on out? > >what kinds of financial institutions and policies will they >set up? > >who else will we have alienated by the time this war is >over?
i would say those are all economic questions because everything that happens effects the economy.
>if the white house had any farsight, they'd be thinking >about these kinds of questions. in the long run, i'm worried >about the world banding together to take us out.
i dont know if it would ever come to that. if they did it would have to be by physical force, not economic.
>>also, did you know that only 2 percent of the US GDP is >>spent on petroleum? > >ok, but does it matter what we spend if what we're trying to >buy it with has little/no value? i admit to not knowing much >about finance and all that...but what i've read so far isn't >too promising...this economy seems to be in trouble no >matter what
the economy will rebound if the war is short. investors are waiting to see what happens. uncertainty may be the bain of the market but at the sametime a lot of money is made. >
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