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To: Happy2BMe
"The deficit is expected to be much higher in 2004 as the euro reaches historic highs against the Chinese yuan. The yuan is pegged artificially to the dollar. The effect is to give Chinese exporters a massive competitive boost against European firms, a situation that is unlikely to be tolerated much longer as economic growth stalls in the Germany and Italy."

5 Step plan for a better economy.
1) Get China to unpeg the yuan.
2) Pass Bush's energy policy.
3) Drastically simplify the tax code.
4) Pass partial privatization of Social Security.
5) Cut government and reduce pork belly spending.

Optional :p
-) Legalize and tax marijuana. Use that money to fund both the rest of the war on drugs, homeland security, and the border patrol.
-) Encourage NAFTA imperialism. Farm land is cheaper in Mexico, so if you can't afford or find land in the US go down there. NAFTA allows up to 49% of Mexico to be owned by foreign entities and there's ways to get around that limit. If we are going to end up being a big North American country we might as well position ourselves well.
9 posted on 11/29/2004 7:11:35 PM PST by bahblahbah
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To: bahblahbah
1) Get China to unpeg the yuan.

Well, now that they've pegged it to a currency acting like a boat anchor, they have an incentive to float.

23 posted on 11/29/2004 7:30:34 PM PST by Poohbah (Crush your enemies, see them driven before you, and hear the lamentations of their women!)
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