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Politics : THE WHITE HOUSE

SPY 690.38

+0.4%

Dec 24 4:00 PM EST

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To: HPilot who wrote (11486)	11/28/2007 9:42:11 AM
From: DuckTapeSunroof	of 25737

"the lower dollar should help trade deficits." If manufacturing were a significant portion of our national economy any more. But, it isn't. (The dollar has been STEADILY FALLING for most of the Bush years now --- and we've seen no sustained improvement in the trade deficit... so, I sure wouldn't count on one now. After all, what's different really? Our LARGEST trade deficits are STILL with China and Japan --- and China's currency is OFFICIALLY PEGGED to the dollar... so whenever the dollar falls, so too does the Yuan and we gain NO COMPETITIVE ADVANTAGE over China at all. And, the Yen [with an eye out to their biggest competition: China] is also manipulated to STAY WEAK vs. the Dollar, so long as the Yuan is also, so we gain no advantage there EITHER.) Face it: the falling Dollar does next to nothing to help us out with the two nations who post the LARGEST SUSTAINED surpluses against us... and, even though it's fallen vs. the Euro Europe STILL holds a small trade surplus against the US, though it's not very material.

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