Airline Pilot Central Forums - Bastian thinks low oil worth $5B to DAL

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Quote:

Originally Posted by ToiletDuck (Post 510683)

It's true the US has been losing "market share" with the world since the 80s. This was actually done on purpose. At some point you need to have people to trade with or you won't have anything at all. By helping other countries develop and utilize their natural resources the US has been directly responsible for global growth and civilization advancement. Overtime is almost guaranteed that things will continue to equal out more and currencies will balance out. However don't think one of them can just plummet without sending ripples across everyone else. Even a massive drop in another foreign currency could hurt the US with all of it's international interest. One of the advantages of globalization is that it keeps the developed countries on the same page. If any of those countries were to go it'd be felt across the board.

True. The theory is that with globalization, peaks and troughs will be further reaching around the world but they should be "shallower". Of course, the current situation is the result of many additional factors. It's all about global north nations. Global south nations are too far behind.

If there's one thing the US needs right now it's a new administration.

AL

Quote:

Originally Posted by alvrb211 (Post 510907)

... If there's one thing the US needs right now it's a new administration.

AL

That's right, Messiah will save us... :rolleyes:

Quote:

Originally Posted by ⌐ AV8OR WANNABE (Post 510926)

That's right, Messiah will save us... :rolleyes:

Well, somebody has to. We all know the current administration isn't doing it.

Quote:

Originally Posted by johnso29 (Post 510930)

Well, somebody has to. We all know the current administration isn't doing it.

That's right, Barney Frank and his Acorn Brown Shirts will surely do it trick - the people who caused the housing collapse which spilled over into the rest of the economy will now save us from it, brilliant.

I’m all for giving “The One” a chance to prove himself however, the blame goes to both sides of this equation not just one.

Quote:

Originally Posted by johnso29 (Post 510930)

Well, somebody has to. We all know the current administration isn't doing it.

Put your faith in Obama, Pelosi, Reid, Waxman, Rangel, Daschle, et al. and you may find yourself, and the rest of the country (insanely rich liberals not included), curled up in the fetal position and crying for Mommy in a few short months.

Quote:

Originally Posted by jkengberg (Post 510971)

Have you looked around lately? I think we're already there. :rolleyes:

What a bunch of CRAP. The current administration, just like Reagan, has spent more money and ran up more national debt than any so called tax and spend liberal democrat since WW2. Just the facts, ma'am. On whose watch did this market collapse happen?:p

Quote:

Originally Posted by johnso29 (Post 510930)

Well, somebody has to. We all know the current administration isn't doing it.

I thought Congress controlled the purse strings. Its been a Democrat congress for the last two years.

Quote:

Originally Posted by jsled (Post 511029)

Not true. Check out the spending of LBJ. Look at the economy under Carter.
And. per my earlier post, Congress controls the spending, not the pres. Its been a Dem congress since '06. Looks like they're the ones "under whose watch" this happened.

Just the facts. :D

And the segue from Bastian on oil prices to Congress continues............