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Microcap & Penny Stocks : Rat dog micro-cap picks...
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To: ~digs who wrote (17070)1/11/2004 6:20:59 PM
From: Bucky Katt  Read Replies (2) of 48461
 
Think he is smoking something? The more he talks, the worse he makes them all look..

Friday's jobs report also puts U.S. Treasury Secretary Snow in an awkward position, as he said in a Times of London interview in late October that he would stake his reputation on significant U.S. job growth by Christmas 2003.

Snow speculated job growth would average 200,000 jobs per month between the third quarter of 2003 and 2004. November saw just 43,000 new jobs.

However, U.S. Treasury Secretary Snow continues to repeat the administration's standard refrain that it believes in a "strong dollar" based upon market forces. Meanwhile, Fed policy makers defer publicly to the Treasury and refuse to comment on the dollar's decline.
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More Snowism>

DEAUVILLE, France -- The Bush administration has abandoned the eight-year-old U.S. strategy of verbally supporting a "strong" dollar in foreign-exchange markets, Treasury Secretary John Snow indicated during the weekend.

While insisting the U.S. still has a "strong-dollar policy," Mr. Snow redefined what that means in comments to reporters at an economic summit here. He said the U.S. government no longer measures the dollar's strength by its market value against the other major currencies -- the long-accepted premise of that policy. Instead, Mr. Snow said "strong" refers to such aspects of the dollar as the confidence it inspires in the public and its resistance to counterfeiting.
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