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To: Chi-townChief

Of course unions support causing the dollar fall relative to China’s currency, but it’s a good idea anyway. It might solve our imbalance of trade without having to resort to tariffs.


5 posted on 07/09/2010 10:57:01 AM PDT by frposty (I'm a simpleton)
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To: frposty

“Of course unions support causing the dollar fall relative to China’s currency, but it’s a good idea anyway. It might solve our imbalance of trade without having to resort to tariffs.”

I do not think relatively small movements of the dollar will have any impact on trade. It seems inevitable that the RMB will rise against all major currencies especially the dollar. Large movements will bring inflation. Unions will place onerous demands on US businesses so I do not see movement of jobs back here. More likely, production will be moved to other low cost production areas.


6 posted on 07/09/2010 11:02:07 AM PDT by businessprofessor
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To: frposty
Of course unions support causing the dollar fall relative to China’s currency, but it’s a good idea anyway. It might solve our imbalance of trade without having to resort to tariffs.

Another suggestion...

       ...become more competitive.

7 posted on 07/09/2010 11:32:44 AM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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