Replies

The Democratic Party is celebrating. Promoting devaluing the dollar helps their constituency and hurts the savers of this country; Republicans. Union factory workers benefit marginally at the cost of all U.S. consumers having to pay higher for imported goods. Republicans whose savings are in the U.S. dollar, have just lost world purchasing power. It drives me crazy that a Republican administration is promoting devaluation of our national currency and that many conservatives on this forum are cheering this news.

"The Democratic Party is celebrating. Promoting devaluing the dollar helps their constituency and hurts the savers of this country; Republicans. Union factory workers benefit marginally at the cost of all U.S. consumers having to pay higher for imported goods. Republicans whose savings are in the U.S. dollar, have just lost world purchasing power. It drives me crazy that a Republican administration is promoting devaluation of our national currency and that many conservatives on this forum are cheering this news."

Let me count the ways you are wrong. What is being addressed by the Bush Administration--and brilliantly I might add--is a two-decade-long trend towards a "service economy" for the U.S. The result was a flight of manufacturing from these shores which had its most obvious culmination in the Nafta Shaft-a. At the root of all this is a currency which was allowed to "strengthen" (what a silly depiction) versus our economic competitors, especially Europe. Now it's China's turn.

Welcome to the new export economy, coming to a job mart near you.

It drives me crazy that a Republican administration is promoting devaluation of our national currency and that many conservatives on this forum are cheering this news.

China's economy is booming..I mean BOOMING...no where to go but down...just ask the Japenese....