"PrecisionMachinisT" wrote in message
...
"Gunner" wrote in message
...
On Thu, 21 Jul 2005 18:34:15 -0400, "Glenn Ashmore"
wrote:
This was just eye wash to let the Shrub claim he is doing something. A
2%
adjustment when the RMB is 30% to 40% undervalued will not mean
anything
at
all. Now that it is pegged to a bundle of currencies the US$ would
have
to
crash before it would make any difference. Which may happen. With the
deficits we have been running the dollar has already lost 30% of its
value
against the Euro and the Pound. Before the Shrub's tax cut one Euro
was
worth $1.17. Today it is worth $0.82. For the RMB to be at its proper
value the US$ would have to drop to $0.50 against the Euro.
Pretty soon we will not be able to afford anything but the cheap ****
from
China.
Hey Glenny...wernt you one of the dooom and gloomers who claimed Bush
was tanking the economy?
5% unemployment...the Dept of labor says there will soon be a shortage
of skilled labor....and its all Bush's fault.
Snivel...
Snicker
Curious--is flippin burgers now being considered 'skilled' these days or
not
???
Isn't it now considered a "manufacturing" job, like ketchup is a
"vegetable"?
Jeff
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