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US Economy Slump
Topic Started: May 28 2008, 12:35 PM (613 Views)
Rockman
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hoighty-toighty

As we may or may not all know, the US economy is falling. Some say it will end in recession. Prices for everything have increased due to fuel costs and transportation of goods. In 2001 the price of fuel in Texas averaged 1.50$ a gallon. Today it stands at 3.90$. Every consumer across the world is actually hurting from the rising prices except those who live at the heart of the oil industry, (middle east). Car companies are struggling to make a change due to lobbyists from the fuel industry bribing car manufacturers into keeping the combustion engine. Many people also believe that the spending in Iraq is causing the economy to slump.

Who's fault is it?
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Meowth
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=._.=

You mind explaining it in some way? And giving your own view? :s
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Rockman
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hoighty-toighty

Ok, edited. But I won't give my view just yet.
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.Punxx
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Quote:
 
Some say it will end in recession

I knew the economy in the U.S has been plunging for a while.. although since the Canadian dollar (at one point) surpassed the American, which was more/less October of 2007, I thought you've been in recession.

Quote:
 
Texas averaged 1.50$ a gallon. Today it stands at 3.90$. Every consumer across the world is actually hurting from the rising prices except

Same here, the price of gas in 2001 was maybe around the 70 cent range (per Litre) now it's barley hitting 1.50$. Which is a big deal.

Living in Canada, I believe it is very important to buy American products. Most notably cars. With the American economy close to recession, why are Canadians still buying Japanese cars!? By buying American products, it will give the GNP of America a boost. For Canadian citizens it is not good if the Canadian dollar trades any where from 90 cents American or higher. Why? Because, if the Canadian dollar ever gets to expensive Canadian exporters may get 'hurt', as Americans will stop buying from Canadian manufacturers. Without the American buyers, Canada is a ***** in the toilet, seeing as about 65% of Canadian trades are dealt with the U.S.A.

off topic: of course if the Canadian dollar is to weak, Canadian importers will be hurt.. a good rate of exchange would be 0.80$-0.85$ Cdn = 1.00$ USA
Edited by .Punxx, Jul 2 2008, 03:13 PM.
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Silver Raditz
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My mom owns her own small buisness this is the slowest it's been in all of 17 years she's had it. It's been pretty rough... we even had to sell off one of the two stores she owned.
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JAMIE
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Sexylisouis

it's the *****ing repubican assholes fault
Edited by JAMIE, Jul 3 2008, 12:40 AM.
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Rockman
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hoighty-toighty

JAMIE
Jul 3 2008, 12:40 AM
it's the *****ing repubican assholes fault
That's not appropriate or very intelligent. Try explaining why he is an asshole before calling him one.
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JAMIE
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Sexylisouis

okay the repubicans are assholes because they ruin this great nation

example 1 the iraq war

2 the price of gas when clinton was in the price of gas in south florida was 1.95 a gal now it's a 4.15 a gal

3 if the government has all those hundreds billion of dollars they spend on the war why are those so many poor people????



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* -Zero-
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Black Knight

This is funny, cause I brought up this point two days ago on another forum saying the economy was failing since every thing's price is going up. The dollar lost a lot of value, and its getting harder and harder to find jobs. Yet the person responded that the economy was decent, it was actually more good than worst

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Sam
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It takes a mere second for treasure to turn to trash.

George W. Bush and Iraq. Honestly, our dollar is STILL worth less than the Canadian dollar [it's true.]

I'm thinking about moving to Canada. $1.50 for gas?! Hell yeah! Guess what else they're giving away?

HEALTH INSURANCE!!!!!!

That is, if McCain is elected President.
Edited by Sam, Jul 3 2008, 04:48 AM.
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.Punxx
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"I'm thinking about moving to Canada. $1.50 for gas?! Hell yeah! Guess what else they're giving away?"
1.50 a LITRE not per GALLON
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JAMIE
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Sexylisouis

NeciFiX
Jul 3 2008, 04:47 AM
I'm thinking about moving to Canada. $1.50 for gas?! Hell yeah!
that per liter so there 1 quart in a liter that 6 bucks a gallon

were pretty lucky when it comes to oil prices

most countries have like $8 a gallon gas

but the thing that gets my is that were the largest producer of OF CRUDE OIL IN THE WORLD WTF America and were so god damn dependent on forgin oil and *****ing china

this country is so *****ed up

Don't need to press return so much.
~Kyonko
Edited by Kyonko, Jul 3 2008, 04:05 PM.
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TyTy518
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Its your fault gambit

But seriously, its mainly Bush, and dont say im just blaming him because he's the man in charge. We are spending way to much on Iraq, and not enough here. If we took some time from Iraq to focus on Afghanistan, I would be okay with that, Afghanistan needs a little more attention than Iraq, who never should have got any attention.
[url]youtube.com/swat518[/url]

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