Word: dollars
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Dates: during 2000-2009
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...Gordon ’58, “as you know, we are running low on”—and here, he drew a picture of a toilet paper roll—“Unless you’d like to wipe your rectum with dollar bills, you might well let me know when the next 50 cents is coming, or buy the stuff yourself...
Thanks to the declining dollar and the relative weakness of the U.S. economy, that's already starting to happen. The trade deficit was down to 5.1% of GDP in 2007, will probably drop further this year and would be even smaller if it weren't for the spike in oil prices (oil imports equaled...
...really make and sell enough stuff to bring imports and exports into balance? Well, maybe. This country is, believe it or not, still the world's largest manufacturer. Exports are at an all-time high, both in dollar terms ($1.6 trillion in 2007) and as a percentage of GDP (11.8%). It's just that imports have grown much faster over the years. The U.S. has continued to run surpluses in some high-tech, high-price-tag categories--aircraft, specialized industrial machines--and in agricultural commodities. It's in consumer goods--clothing, TVs, cars--that the big deficits show...
...recent years, the Southeast has experienced a manufacturing boomlet, with foreign companies in particular setting up shop there to cater to the huge U.S. consumer market. Now, thanks to the weak dollar, they're looking overseas...
...reason to fund bloated federal bureaucracies to pursue tax scofflaws. Every person would pay 23% on every new car, suit, pair of shoes, radio or home. In return, individuals and companies would pay no income tax. With no disincentives to earning more, investment would boom. The stronger dollar would also deflate the price of oil, killing two birds with one stone. John P. Kuchta Jr., VIRGINIA BEACH...