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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (504868)	12/6/2003 9:50:14 AM
From: Kenneth E. Phillipps	Respond to of 769670

Experts worried over declining dollar Washington, Dec. 6. (PTI): Some financial experts are worried over the continued drop in the value of US dollar, noting that under George W Bush presidency, the currency has tumbled 44 percent - from its October 2000 high of about 83 cents to last week's low of $1.21 to the euro. "The dollar is the crisis story. A lot of smart money has moved out of the dollar in the last six months. Now the latecomers are rushing to sell, and that is adding to the momentum," warns James Harmon, an investment banker who headed the US Export-Import Bank during the Clinton Administration. Felix Rohatyn, a former US ambassador to France and financial expert, said: "I am appalled at what is happening to the dollar. A basic responsibility of a government is to maintain the value of its currency." Rohatyn argues that the Federal Reserve should signal that "it will not allow a dollar crisis to happen" by raising the Fed funds rate at which banks can borrow money overnight from its current low level of one percent. However, Fed Chairman Alan Greenspan sees no crisis.

To: jlallen who wrote (504868)	12/7/2003 11:02:38 AM
From: AuBug	Read Replies (3) \| Respond to of 769670

Counselor, Do you deny Bush is an alcoholic? Do you deny that Bush has been arrested multiple times for Driving Under the Influence (DUI)? Do you deny that personal acquaintances of Bush claim he was arrested for cocaine possession in Dallas and was formerly charged with a lesser charge if he did some token community service instead of serving his time in the National Guard? You'd think someone that could manage to graduate from law school could string an intelligent sentence or two together but I guess pinheaded POS is your polemical pinnacle.