OT - The New Wars
 

On Tue, 08 Nov 2005 21:20:11 GMT, mike wrote:

"John R. Carroll" wrote in
om:

tillius wrote:
YOUR NUMBERS:

Bush Start of Administration:
Jan 22, 2001 Euro 0.9374 / $
Bush Same point in Term 2 as Clinton Administration:
Nov 04, 2005 Euro 1.1828 / $

(1.1828-0.9374)/0.9374 = 26.2% DECLINE in the value of the
US dollar against the Euro.

Does that help you any?

Can you understand simple math?

January 22, 2001: 0.9374 Euros per dollar. OK so far?

November 04, 2005: 1.1828 Euros per dollar. Still OK?

Now, let's try this: 1.1828 - 0.9374 = 0.2454
Dollar is worth 0.2454 Euros MORE on Nov. 04, 2005 than it was on
Jan. 22, 2001.

That's an Increase. Even my 3yo can get that.

Yes but you have it backwards. what a dollar used to buy for 93 cents
now costs a dollar eighteen.


Yup, worse the op ignores that the euro has declined against the
european currency still in use by over 20%. Put it another way Jan 2001
Pound Sterling was $1.315. Now its 1.743. January 2005 it was 1.91.....

Wingers have rights too, the right of stupidity being formost
among them G.
-
Cliff