Weekly Standard is very Conservative. I was more interested in the effect China would have on the Euro rather then the politics of it.
-sm --- Won Lee <[EMAIL PROTECTED]> wrote: > Sam Morris wrote: > > This just came out. Wondering what you guys think. > > > > China, the Dollar, and Taxes > > How George W. Bush plans to approach America's > economy > > in his second term. > > > http://www.weeklystandard.com/Content/Public/Articles/000/000/004/894kihlv.asp > > I read some of it. I'm not a economist so I can't > really write a 100% > on the article. But some of the things he writes > about stretching the > truth. > > Yes, China is joining the G-8. But these steps were > started during the > Clinton years. Neither Clinton nor Bush should be > given "credit" for > this. Both men wanted it. I-Bankers and > industrialists wanted it even > more. Clinton has the forethought to allow it when > activists were > crying against China's human right history and Bush > had the common sense > to continue on the course. > > What is also untrue, according to the FED, is that > China has abandoned > pegging it's Yuan against the USD. I'm going to > guess that the hint the > author is referring to is that China raised > interest rates for the > first time in about 9 years which might indicate > that they are slowly > moving away from pegging against the dollar. One of > the FED governors > said this is untrue. They will still peg against > the dollar and that > because they don't have a natural supply and demand > monetary flow that > raising interest rates may not cool down the > economy. Rather the flow > of money is controlled by state banks so higher > borrowing demand doesn't > always make money more expensive to borrow. > --- > > I'm not overly impressed with the articles content > although the actual > text is well written. I didn't look around the rest > of the website > because I didn't want to have an opinion about the > political agenda of > the publication. > > I don't think Bush is going to send the US into an > economic free fall. > He was the right President to lead us out of the > recession. His "Let's > address the current problems and worry about the > future later" > mentality really helped accelerate the US out of > recession. I had > serious doubt but it ended well. I'm a little > curious why O'Neil left > though. He was their big hitter when it came to > these issues. I'm sure > the next guy will be just as smart though. > > I'm not as certain if Bush would have been better > then Kerry long term. > Kerry, I believe, was a member of the Senate > Banking Committee. He > isn't a bit player on the scene. > > PS Read the personal retirement funds that Bush > spoke of might not even > get off the ground. Money management companies > already anticipate > losses trying to manage the small amounts the first > couple of year and > have asked for government subsidy to launch it. > > > -- > 2004 - The year $184M couldn't buy a pennant. > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Special thanks to the CF Community Suite Gold Sponsor - CFHosting.net http://www.cfhosting.net Message: http://www.houseoffusion.com/lists.cfm/link=i:5:135329 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
