Conservative Party Convention

[Jay]

The EU took great care to limit the influence of its largest states over the greater EU economy. That isn't always great for countries like Germany, but it is fair. The US would not allow itself to be controlled like that.

They did this through telling member states to not run deficits....as many of the "social democracies" like to do....

Why is it that you neo-cons like borrowing so much? How much influence do think a country like Canada can have over the US, which is ten times our size.

Ten %, would be the answer. And that buys a lot.


Definitely a fundamental disagreement between us. I believe the socialists like to borrow and drive everything into debt.


I will however concede to you that Bush is doing this, and is inflating the economy.....He didn't run on war and deficits though, and he (I hope) couldn't predict 911, and the Iraq war (so to speak)

Currently I believe they are inflating the economy and will pay off these debts with these worthless dollars. Buy gold, silver and real estate to protect your assets.


I posted earlier (and on more than one occasion) my feelings about Ontario Hydro. I can’t find the post though and I think it fits nicely into this thread. Why did they drive it so far into debt? It sure wasn’t “neo-cons” doing it, it was “neo-cons” who put an end to it, we had to.

 

[dukee]

Isn’t the crisis directly related to debt load?

This was one of the major factors in the crisis.

Argentina had built up an enormous debt load, following decades of isolationist policies that had artificially propped up the wages of the middle class on the backs of the poor in country. These policies kept Argentinian productive and growth stagnant and fueled the activities that caused the hyperinflation that led to the currency being pegged to the U.S. dollar.

While pegging the peso to the dollar did bring about monetary stability, the rise in the value of the U.S. dollar, and the subsequent rise in the peso, was the worst thing that could happen to monetary policy in Argentina. The huge debt load compounded this problem.

 

[dukee]

Re: RE: Conservative Party Co

Neo-conservative policies lead to debt for the country and increased poverty for the people.

Ummm, ok, Argentina didn't have debt before those nasty neo-conservatives came in. :roll:

Suggesting that Canada, with or without Mexico, adopting the US dollar is in any way similar to the Euro in the EU is ridiculous. Any decisions about the US dollar would be made in the US for the benefit of the US. What Canada needed would be completely immaterial. We would have no input.

A North American currency zone would make more sense from a logistic standpoint. The U.S. and Canadian markets are much more closely related than the hodgepodge of markets that comprise the EU. Besides this, a common market like the EU requires a high degree of economic integration and labour mobility to be successful into the long term. The plethora of cultural, linguistic and nationalistic differences between EU members serve as stumbling blocks that will constantly keep this from happening.

Personally, I don't think a common North American currency is in our best interests at this point. But, in the future, we may be forced into it to maintain competiveness against the growing power of regional trading blocs.

 

[Reverend Blair]

They did this through telling member states to not run deficits....as many of the "social democracies" like to do....

No, they did it by putting checks and balances in place and ensuring that smaller nations had a real voice in policy decisions.

Definitely a fundamental disagreement between us. I believe the socialists like to borrow and drive everything into debt.

We could easily borrow and borrow and spend, spend, spend, This would inflate the American dollar.

You, neo-con that you are, want to "borrow and borrow and spend, spend, spend" yet you accuse the left of liking to "borrow and drive everything into debt."

Ten %, would be the answer. And that buys a lot.

No, 10% is our overall size. Our effect from all this borrowing you want to do would be less than 1% of the US economy...completely ineffectual.

I will however concede to you that Bush is doing this, and is inflating the economy.....He didn't run on war and deficits though, and he (I hope) couldn't predict 911, and the Iraq war (so to speak)

He took a surplus and made it into the biggest debt ever. It was already going down the toilet before 9-11.

This was one of the major factors in the crisis.

The crisis didn't occur until after Menem instituted all of those neo-con policies. You can try to blame it on Evita and her hubby instead, but the time-line doesn't match.

 

[Jay]

You, neo-con that you are, want to "borrow and borrow and spend, spend, spend" yet you accuse the left of liking to "borrow and drive everything into debt."

Sorry rev, this is a misunderstanding, I only said that to show you we can have power over the situation. You know I don’t like to see debts unless they are very necessary. If you didn’t know that, now you do.

I still however maintain that the left does do this.

Sorry for the confusion.