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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: lurqer who wrote (24931)8/9/2003 4:22:46 PM
From: stockman_scott  Respond to of 89467
 
The U.S. media is fair and balanced all the time <G>...

tvnewslies.org



To: lurqer who wrote (24931)8/9/2003 4:41:46 PM
From: stockman_scott  Respond to of 89467
 
Soros Follows Buffett, Assails Economic Policy

Gregory Levine
Forbes.com
05.20.03, 1:30 PM ET

George Soros: Short on the dollar; hard on Snow.

<<...Following in Warren Buffett's shoes... and who wouldn't want to? George Soros became the second billionaire to weigh in on President George W. Bush's economic policies. Days after the Berkshire Hathaway's (nyse: BRK.A - news - people ) Buffett criticized the Bush tax-cut plan and derided derivatives as "financial weapons of mass destruction," Soros told cable TV station CNBC Tuesday that he is selling the Yankee dollar against most major currencies. "I have to disclose that I now have a short position against the dollar because I listen to what the Secretary of the Treasury is telling me," Soros said in the interview. He referred to recent remarks made by U.S. Treasury Secretary John Snow --who has served as director for firms including Circuit City Stores (nyse: CC - news - people ) and CarMax (nyse: KMX - news - people )-- that signaled a shift away from a strong dollar policy. He lambasted Snow's policy shift, branding it a "mistake," and typified it as a shortsighted attempt to stimulate the U.S. economy at the expense of other economies. "It's a beggar-thy-neighbor policy," the philanthropist mega-investor declared. "I think [Snow] was somewhat irresponsible by talking down the dollar."...>>

forbes.com