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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (752)2/7/2004 5:45:08 PM
From: Karen Lawrence  Read Replies (1) | Respond to of 173976
 
The people of CA shot the messenger. However, they were blinded by the perception that Arnie - like the heroes he portrayed - could solve anything. Yeah, right, that worked.



To: American Spirit who wrote (752)2/7/2004 7:56:57 PM
From: mishedlo  Respond to of 173976
 
Snow: Flexibility doesn't contradict 'strong' dollar By Rachel Koning
[LMAO - Mish]
BOCA RATON, Fla. (CBS.MW) -- U.S. Treasury Secretary John Snow said the Group of Seven's reaffirmation of currency market flexibility does not contradict the Bush administration's support of a "strong" dollar. Urging flexibility is seen limiting the use of market intervention, which Japan and China have used with frequency. Without support from China and Japan, the U.S. currency could head lower. Snow, speaking at a press conference after the GG& statement was issued, repeated the administration's mantra that markets will set exchange rates and that he will not comment on specific currency values. Snow was asked if the statement's reference to certain countries or economic areas in the call for flexibility was targeted at China. He replied "I will let the statement speak for itself."