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

To: Neocon who wrote (617672)	9/3/2004 5:34:38 PM
From: Tech Master	Read Replies (1) \| Respond to of 769670

There is no way that I'm giving up shrimp with lobster sauce or chicken lo mein! Buddy McWeed still up to his usual drivel.

To: Neocon who wrote (617672)	9/3/2004 5:35:41 PM
From: Tech Master	Read Replies (2) \| Respond to of 769670

GWB was impressive last night.... and Zell gave 'em hell on Wednesday! Spitballs for all Democrats!

To: Neocon who wrote (617672)	9/3/2004 6:31:33 PM
From: DuckTapeSunroof	Respond to of 769670

"I am not sold shirts from China by China, I am sold such shirts by Sears." A specious comment. Some 97% of all our textile manufactured goods are imported now. I never meant to suggest that ALL mark-up value in the distribution chain would pass to foreign nations. This is clearly NOT true, some things CANNOT be exported. (For example: even foreign manufactured autos have local car dealerships here....) But, manufacture, and now increasingly even services, are under pressure. "As for the willingness to buy US securities, they will buy something," Point: these central bank Treasury bond purchases are NOT made as traditional 'investments'. They are necessitated by the need to re-inject the mountains of dollars that they earn because of the one-sided trade surpluses. This 'sterilization' operation reduces what would otherwise be irresistible pressures on their home currencies to APPRECIATE against dollars. Once a decision is made to PERMIT the appreciation of their currencies (i.e., move to freely exchangeable currency regimes... as China was forced to promise to the WTO that they would do 'within the next few years') then the need to sterilize their mountains of dollars earned in trade largely dissipates. "If they move assets to the stock market, they will support a bull market." Far more likely that they will buy up hard US assets (land, whole companies, etc.) on the cheap after the dollar-crash....