After Dollar Crash, U.S. No Longer the Largest Economy
March 15th, 2008 I’d rather not mention a story that references Goldman Sachs as a source for anything, but I don’t have any reason to believe that this calculation is wrong.
Via: Reuters:
The U.S. economy lost the title of “world’s biggest” to the euro zone this week as the value of the dollar slumped in currency markets.
Taking the gross domestic product of both economies in 2007, the combined GDP of the 15 countries which use the euro overtook that of the United States when the European currency surged to a record high of more than $1.56 per euro.
“The curious outcome of breaching this latest milestone is that the size of the euro zone’s annual output has now exceeded that of the U.S.,” the economics department of Goldman Sachs, the Wall Street investment bank, said in a note to clients.
Taking official estimates of 2007 GDP — $13,843,800 billion for the United States and 8,847,889.1 billion euros for the euro zone — the economy of the latter passed the United States once converted into dollars, shortly after the euro topped $1.56.
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Then, why doesn't he join the army or send his kidz? Wolfy Dubya: “I think it would be a fantastic experience to be on the front lines…” March 14th, 2008
I wonder if Bush knows the one about the most severely wounded American soldier?
Via: Reuters:
U.S. President George W. Bush got an earful on Thursday about problems and progress in Afghanistan where a war has dragged on for more than six years but been largely eclipsed by Iraq.
In a videoconference, Bush heard from U.S. military and civilian personnel about the challenges ranging from fighting local government and police corruption to persuading farmers to abandon a lucrative poppy drug trade for other crops.
Bush heard tales of all-night tea drinking sessions to coax local residents into cooperating, and of tribesmen crossing mountains to attend government meetings seen as building blocks for the country’s democracy-in-the-making.
“I must say, I’m a little envious,” Bush said. “If I were slightly younger and not employed here, I think it would be a fantastic experience to be on the front lines of helping this young democracy succeed.”
“It must be exciting for you … in some ways romantic, in some ways, you know, confronting danger. You’re really making history, and thanks,”Bush said.
Posted in Dictatorship | Top Of Page
--> 6 Responses to “Dubya: “I think it would be a fantastic experience to be on the front lines…””
anothernut Says:
What a piece of shit he is. If my kid were coming home in a body bag, or leaving half his body over there, and this rich-man’s son, who didn’t even fulfill his cushy military obligations back when he had a chance, said this… I’d freak out.
treasonholdings Says:
I couldn’t agree more. It would bring me immense pleasure to afford him that opportunity.
dale Says:
See, it’s these little nothings that creep me out the most; surreal. And thanks Kevin for the excerpt from ‘They Thought They Were Free’ – fitting, and no doubt understated for modern times. I know, we really are screwed beyond all imagination.
Angelo Says:
Its not that George Bush Jr. is an asshole, or a ’shit’. He has been under intense psychological manipulation since birth. He was born into a slavery most cannot even fathom. Bush is a puppet, a mind controlled automaton in the truest sense. That he excites so much hatred and scorn is the result of a mirroring effect; He reflects slavery through the subconscious mind, something which all Americans share with him to varying degrees.
It is surreal, very surreal, and even more surreal than anything this article might imply.
Eileen Says: (and from me: Yeah! Eileen! So right!!)
Angelo,
Well you almost make me feel sorry for the guy.
Granted, the whole Bush family have been trained as Manchurian candidates.
But aren’t we all candidates of our upbringing?
Don’t some of us work damn hard to break out of our “slavery” boxes, either physically, mental, social or economic?
I did. My sister did.
As George would say “Its Hard Work.”
GWB made his choices and he appears to have taken the line of least resistance in his life. No actions that I can see where he even tried to break out of the box.
I cannot walk in his mocassins.
But from where I sit in this world and at this time, I look at him and not only feel, but think, that he is an asshole and a shit.
james Says:
I call bullshit on the brainwashing suggestion. They are just very, very bad people. To suggest otherwise is to excuse their behaviour and almost forgive them for what they’ve done to the public. I would love nothing more than to see the Americans make his dream come true and drop him off in the mountains in Afghanistan with nothing but his “Mission Accomplished” flight suit. Asshole. It made me LOL to watch Carlyle Capital go tits up this week, George.
Retail Sales Plunge by 0.6 Percent March 13th, 2008
Via: AP:
Consumers, battered by plunging home prices and a credit crunch, stayed away from the malls in February, pushing retail sales down by a larger-than-expected amount. It was another worrisome sign that the country could be falling into a recession.
The Commerce Department reported Thursday that retail sales fell by 0.6 percent last month, far worse than the small 0.2 percent increase that analysts had been expecting.
The weakness was widespread with sales of autos, furniture and appliances all down.
It marked the second time in the past three months that retail sales have taken a tumble. Sales had fallen by an even bigger 0.7 percent in December, the largest drop in six months, as the nation’s retailers suffered through a dismal holiday shopping season. Sales posted a modest 0.4 percent gain in January.
Consumer spending is closely watched because it accounts for two-thirds of total economic activity.
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