What Election Day means to us?

So Bush has won, you should expect that the US economy will go down in the next four coming years and it is tough to get financial aid to study in US because the present administration does not want to finance more on that field.

Furthermore, USD will be depreciated for long time in the future. Let's think of budgeting more EURO, the going-to-be stronger currency after that re-election.
im not quite sure what your avowal is based on
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The most reasonable "policy" that I think Bush has made is the Iraq war. Maybe some of you oppose to war, but the facts show that it works. Oil price stops increasing drastically (I went get gas a few day ago and gas price drops 3 cents/gallon... yahoo, i saved almost a quarter) and with US ecn, oil relates to everything
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Hanh, you've made the wrong analogy. To control oil supplies is not the same as to keep oil price low. To be precise, the aim of those who control oil supplies, be it the US or any other country, is to be able to keep the price of oil low when they want it to be low and likewise, high when they want it to be high. Oil cartels aim for profits, not social welfare. So if you see the price of oil go down or stop increasing drastically, be happy; but keep in mind that it can go up anytime and when it goes up, it is not in your power to make it go down.
 
To control oil supplies is not the same as to keep oil price low. To be precise, the aim of those who control oil supplies, be it the US or any other country, is to be able to keep the price of oil low when they want it to be low and likewise, high when they want it to be high.
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true

who had been controlling the oil supplies up until the Iraq war? OPEC ("up until the Iraq war" is not the right phrase because the situation is quite blurred, but i cannot find any better phrase than that)

Like you said before, because OPEC had the control over the oil supplies so they could raise the price whenever they wanted. Up in history, everything was fine until 1973, when OPEC suddenly decided to quadruple the oil price. The US burnt about 3/4 of the world oil produced so obviously the US was the the one who hurt the most. The US wanted to control the oil supplies since then.

Yes, it is true that when the US has over the oil supply, they can raise the oil price anytime they want. However, I don't think that they want to raise the US oil price to hurt their own ecn. They may sell oil to other countries with skyhigh price; but oh well, my point is to show what Bush did for the US ecn, so... skyhigh oil price in other coutries might give the US budget pretty good revenue :-?

Just want to share a little fun thing about how high oil price affected the US ecn in 1973:
"...we were mired in double-digit inflation, an annual rate of increase in prices of at least 10 percent. The only good thing during this period was that we were able to add a new word to our vocabularies - stagflation" (Macroeconomics, McGraw Hill 2005)
 
Sorry, I dont mean to laugh at anyone but using A-level economics to explain economics is very naive and funny. My profs told me that we are telling "lies" in intro- and intermediate- economics classes. "Lies" mean not tell you the whole truth. There are many things that drive the oil price or the US budget/economy. That's why economists are arguing with each other.
I hate Bush but his re-election may give me a chance to open up my range of topics to study. He may screw up or may not. If I can predict US economy in next 4 yr right, you're gonna see me on the cover of Times and the Economists :beerchug: :smoking: :):D:p
TO Mr. Tong: good news for you. Visa is a problem, right. But the number of international applications has dropped down dramatically, and there is a significant increase in number (and percentage) of admissions to international students. Good luck ;)
 
I just went to a lecture on the venture capital market, the investment in 2001 (or actually the end of 2000) was one tenth that of 1999-2000 due to the lack of political sustainability. For the last few months in 2004, the market seems to recover a little bit though. We'd better be optimistic about Bush's second term.
 
to Trung: :)) it's so funny. After ur post, people just shut up =)) .

i don't see it is funny or naive to explain "macro" econ by A level ecn ken
 
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