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	<title>McCuistion TV &#187; David Walker</title>
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	<itunes:summary>McCuistion - Talking about things that matter. . . with people who care.</itunes:summary>
	<itunes:author>The Foundation for Responsible Television</itunes:author>
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		<title>The International Implications of the Weak Dollar and Foreign Trade</title>
		<link>http://www.frtv.org/2008/11/the-international-implications-of-the-weak-dollar-and-foreign-trade/</link>
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		<pubDate>Sun, 23 Nov 2008 21:17:21 +0000</pubDate>
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				<category><![CDATA[Recent Programs]]></category>
		<category><![CDATA[1700]]></category>
		<category><![CDATA[1712]]></category>
		<category><![CDATA[2008]]></category>
		<category><![CDATA[David Walker]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[free trade]]></category>
		<category><![CDATA[Steve Moore]]></category>
		<category><![CDATA[taxes]]></category>
		<category><![CDATA[weak dollar]]></category>

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		<description><![CDATA[On this program Stephen Moore joins Dennis McCuistion to discuss the shift from free trade to fair trade and the implications of the weak dollar.  ]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">On this program Stephen Moore joins Dennis McCuistion to discuss the shift from <a href="http://en.wikipedia.org/wiki/Free_trade" target="_blank">free trade</a> to <a href="http://en.wikipedia.org/wiki/Fair_trade" target="_blank">fair trade</a> and the implications of the weak dollar.  He touches on the concern over China, Japan and countries in Middle East holding portions of the American national debt.  <a href="contact/expert-pages/stephen-moore/" target="_blank">Stephen Moore</a> is an economist and the Senior Editorial Writer for the <a href="http://online.wsj.com/home-page" target="_blank">Wall Street Journal</a>.</p>
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<p style="text-align: justify;">The international economy is more competitive than it has been in the last 20 years.  Moore spends time discussing the importance of the tax plans in relation to the US economy and in keeping the US economy competitive with the international economy.  He goes into detail mentioning corporate tax, <a href="http://www.fairtax.org/site/PageServer?pagename=about_main" target="_blank">fair tax</a>, death tax, estate tax, income tax, state tax, etc.</p>
<p style="text-align: justify;">In discussing fair trade versus free trade, Moore contends for free trade as it holds down prices on things that are globally traded, thus keeping the prices down.</p>
<p style="text-align: justify;">The implications of foreign countries funding the American debt is discussed in detail. Foreigners have had confidence in the US economy for years, thus trillions of dollars in foreign investments are a part of our national debt. If foreigners were to choose to switch to another currency, we could be in a serious crisis.</p>
<p style="text-align: justify;">Guest, David Walker, former Comptroller General of the United States, offered his viewpoint on where the nation stands economically in regards to the weak dollar.  Moore follows his comments discussing the need for the U.S. to lesson off-shore oil drilling and take advantage of national resources.</p>
<p style="text-align: justify;">They end the discussion stating that no country as ever gotten rich by devaluing their currency. Poor government policies have an affect on consumers, multi-national corporations and the world.</p>
<p style="text-align: justify;">***</p>
<p style="text-align: justify;">1712 &#8211; 11.23.08</p>
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			<itunes:keywords>weak dollar, fair trade, free trade, national debt</itunes:keywords>
		<itunes:subtitle>On this program Stephen Moore joins Dennis McCuistion to discuss the shift from free trade to fair trade and the implications of the weak dollar.</itunes:subtitle>
		<itunes:summary>This video podcast is a taping of McCuistion TV episode, The International Implications of the Weak Dollar and Foreign Trade. The taping originally aired at KERA in Dallas, TX in November of 2008 and is available to PBS affiliates across the country.</itunes:summary>
		<itunes:author>The Foundation for Responsible Television</itunes:author>
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