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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (396050)7/4/2008 4:54:34 AM
From: Alighieri  Read Replies (1) of 1574005
 
America's dependence on imported capital to finance a $9.5 trillion debt -- up from $5.7 trillion when Bush took office -- has driven down the currency. The decline was accelerated by the subprime crisis that plunged the U.S. into an economic tailspin.

``If Bush could get others at the G-8 summit to demand a stronger dollar he'd have done a final good after a lot of negatives over the years,'' said Uwe von Parpart, chief Asia strategist at Cantor Fitzgerald LP in Hong Kong. ``Dollar strengthening appears to be the only thing capable of containing or pushing back oil prices.''

Speaking at the White House yesterday, Bush tried to give the markets a nudge: ``We're strong dollar people in this administration and have always been for the strong dollar.''

I really don't think the man knows what he is saying most of the time....and cheney of course is the man who said "deficits don't matter"

Al
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