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

To: Peter O'Brien who wrote (518538)	1/2/2004 1:26:05 PM
From: DuckTapeSunroof	Respond to of 769670

"Look at the bright side, outsourcing may come to a halt pretty soon if the dollar decline continues..." >>> $ would have to slide by 95% or more, to bring our wages to China or India equivalent. "Americans also measure their debt in dollars, and that declined too (in real terms)!" >>> Yep, that's the real game going on --- if you can't repay debt, you devalue it (since 'default' is not a word the US speaks). This will work only until Treasury debt purchasers 'revolt'... and demand higher yields.