President Bush is furthering our problems: devaluation of US dollar, war on terrorism and tax cutting

President Bush is furthering our problems:
devaluation of US dollar, war on terrorism and tax cutting

Nipawin - Sunday, June 23, 2002 - by: Mario deSantis

social
and
economic
implications
Do you remember the Canadian economic gurus who had been lobbying for strengthening the Canadian dollar against the American dollar without considering the social and economic implications of our interdependent economies? Well, the Canadian dollar has raised its value with respect to the American counter part, and so many other currencies have done the same.

not
sustainable
Economist Dean Baker publicized some years ago that the chronic United States foreign trade deficit was not sustainable and he advised that the devaluation of the American dollar would be a good policy for their domestic and global economies. This same economist publicized that the wealth created by the booming stock market of the 90s was not sustainable as well, since the average ratios of Price/Earnings per share had been increasing in their thirties (30s) from a traditional average ratio of about fifteen (15).

the
world is
complex
Today the American dollar is devaluating against other currencies and this is happening as the Bush administration is waging a war against terrorism all over the world. The world is complex, but wouldn't it have been better to have had a devaluated American dollar in peace time rather than have its present devaluation in war time? Wouldn't it have been better to have had a lower boom of the stock market in the 90s rather than to have had the experienced recent crash?

greed
Speculation and greed are at the source of our economic problem and the Bush administration is furthering our problems by waging never ending wars on terrorism and tax cutting all over the world.

References:

Pertinent articles published by Ensign

Dollar Hits a 2-Year Low Against Euro By RICHARD W. STEVENSON, June 21, 2002, The New York Times http://www.nytimes.com/2002/06/21/business/21DOLL.html

THE NEW ECONOMY GOES BUST: WHAT THE RECORD SHOWS By Dean Baker, October 29, 2001 http://www.cepr.net/new_economy_goes_bust.htm



President Bush is furthering our problems: devaluation of US dollar, war on terrorism and tax cutting

Nipawin - Sunday, June 23, 2002 - by: Mario deSantis

social and economic implications	Do you remember the Canadian economic gurus who had been lobbying for strengthening the Canadian dollar against the American dollar without considering the social and economic implications of our interdependent economies? Well, the Canadian dollar has raised its value with respect to the American counter part, and so many other currencies have done the same.

not sustainable	Economist Dean Baker publicized some years ago that the chronic United States foreign trade deficit was not sustainable and he advised that the devaluation of the American dollar would be a good policy for their domestic and global economies. This same economist publicized that the wealth created by the booming stock market of the 90s was not sustainable as well, since the average ratios of Price/Earnings per share had been increasing in their thirties (30s) from a traditional average ratio of about fifteen (15).

the world is complex	Today the American dollar is devaluating against other currencies and this is happening as the Bush administration is waging a war against terrorism all over the world. The world is complex, but wouldn't it have been better to have had a devaluated American dollar in peace time rather than have its present devaluation in war time? Wouldn't it have been better to have had a lower boom of the stock market in the 90s rather than to have had the experienced recent crash?

greed	Speculation and greed are at the source of our economic problem and the Bush administration is furthering our problems by waging never ending wars on terrorism and tax cutting all over the world.

*References:*
	Pertinent articles published by Ensign

	Dollar Hits a 2-Year Low Against Euro By RICHARD W. STEVENSON, June 21, 2002, The New York Times http://www.nytimes.com/2002/06/21/business/21DOLL.html

	THE NEW ECONOMY GOES BUST: WHAT THE RECORD SHOWS By Dean Baker, October 29, 2001 http://www.cepr.net/new_economy_goes_bust.htm