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

To: Kenneth E. Phillipps who wrote (520168)	1/6/2004 9:33:57 AM
From: PROLIFE	Respond to of 769669

LOL---you have your new DNC talking point o' the day I see...How many more times today will be see "radical revolutionary" from you??? I am betting six times....anyone else????

To: Kenneth E. Phillipps who wrote (520168)	1/6/2004 10:02:31 AM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 769669

US is now dependent on Japan, China and South Korea for its economic health. If they stop buying US Treasury notes, we are in trouble. "The U.S. deficit is no longer being covered by dollar inflow, which poses dilemmas for the U.S. Treasury. And the situation is kept from total immediate disaster only by the decision of East Asian governments (and particularly China) to continue to buy U.S. Treasury notes. China (and Japan and South Korea) do this out of self-interest of course. But their investment in dollars puts them at risk as well, and they may soon decide that the advantages are outweighed by the dangers to their own resources. In any case, the United States is now dependent on them for its continuing economic health, not vice versa, which is hardly a position of economic strength. And meanwhile, the U.S. is up for sale to outside investors, the inverse of what the U.S. would like the situation to be." motherjones.com