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To: Righty_McRight
This confirms the fact that we need a weaker dollar to compete.

Americans are doing everything they can to weaken the dollar - unbridled consumption, no savings.

But the dollar keeps holding its own for the past year or more.

This strengthens the protectionsists in Congress Schumer et al.

And scares the Chinese to death that the Dems may win control.


BUMP

9 posted on 10/10/2006 6:57:50 AM PDT by capitalist229 (Get Democrats out of our pockets and Republicans out of our bedrooms.)
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To: capitalist229
Americans are doing everything they can to weaken the dollar - unbridled consumption, no savings.

If we spend all our money on consuming and don't save, how is it we own more in per-capita assets than any other country? Also, if we don't save or invest, how does our net worth continue to increase so rapidly? It's more than doubled since 1995.

19 posted on 10/10/2006 7:26:44 AM PDT by Mase
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