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deek Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-03 01:27 PM
Original message
* doesn't like China's currency?
This arrogance and fingerpointing is ludicrous! Why is there only a picture--not accompanying news story to rate into view-- about this?

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Wed Oct 1, 8:56 PM ET

President George W. Bush (news - web sites)'s administration turned up the heat on China to abandon the yuan-dollar peg, blamed for shutting out US exports and destroying American jobs.(AFP/File/Frederic J. Brown)




http://story.news.yahoo.com/news?tmpl=story2&u=/031002/241/5g1k3.html
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Jacobin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-03 01:29 PM
Response to Original message
1. Unemployment??? It must be somebody else's fault
Surely it couldn't be the result of Smirky's fiscal policies!
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charlie Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-03 01:33 PM
Response to Original message
2. Even the Economist
is shitting their britches over Dubya's hamfisted moves to weaken the dollar and force China to float the yuan:

http://www.economist.com/agenda/PrinterFriendly.cfm?Story_ID=2098722
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cprise Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-03 01:42 PM
Response to Reply #2
3. Boohoo... Bush is getting the NAFTA treatment from an even bigger gorilla
.
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ieoeja Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-03 01:48 PM
Response to Original message
4. Exchange Rate

I'm sure he doesn't give a flying flip what their currency looks like. China has acted to keep their currency artificially undervalued. Japan frequently does the same.
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Paulie Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-03 01:52 PM
Response to Original message
5. Great, piss of China some more
So they will stop buying our debt.
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