United States

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August 20th, 2008 admin Leave a comment Go to comments

United States
Has the united states isolated itself from the rest of the world economically?

Our allies are investing heavily in Sudan, but the United States doesn't. Are we so isolated from investing in unfriendly countries do to our policies that we have become our own worst enemy and virtually guaranteed our economic collapse?
I should have said that Sudan was just an example. This question isn't limited to Sudan.

Undeniably and irrefutably no.

We live in what is percieved as a post-modern society because we have, supposedly, abandoned all guiding meta-narratives - except this isn't precisely true, because Globalization (of the marketplace, if nothing else) is a greater meta-narrative than any of its predecessors. The American economy is very much engaged, indeed almost dependant upon, foreign influence, provision and investment.

Having said that, refusing to invest in Sudan will hardly lead to economic collapse. There are far greater threats to our national economy than that. For instance, every President since Richard Nixon has reduced the overall value of the dollar, increased the Federal Budget deficit, and weakened the American trade position in addition to reducing the U.S. manufacturing work force.

Every bit as important as September 11th was to most American citizens, June 7th of the same year was to economists. It was when Bush cut the Federal tax revenues by some $1.35 trillion, slated to be carried out over the following nine years. That legislation had been presented at the time as a way to avoid the "problem" of paying down the Federal debt too fast. Something that hardly sounds like a problem in and of itself. The Administration led the public, and Congress, to believe the Government was on the way to running up 5.6 trillion dollars in surpluss money. A year later the budget would show a deficit of $158 billion; a year after that $378 billion - if you feel confused, at least be comforted in the thought that You Are not alone.

Still worried about investing in Sudan pal?