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Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (11756)	11/30/2007 2:21:24 PM
From: HPilot	Read Replies (1) \| Respond to of 25737

LOL The article credits congress for "using the weak dollar to improve the export prospects of American industry". Then two paragraphs later condemns GWB for "ignoring the obvious". Of course they have it backwards as only GWB has any power over the price of the dollar and has in fact been trying to bring it down. Congress ignores this, possibly because it is to our benefit, yet they can claim the opposite and do more Bush bashing to buy liberal votes. French President Nicolas Sarkozy has made himself even clearer. He suspects that American politicians are deliberately using the weak dollar to improve the export prospects of American industry and weaken European competitiveness. It wouldn't be the first time. In the early 1970s, the then-Treasury Secretary John Connally openly confessed: "The dollar is our currency, but your problem." To meet the challenge head-on, Sarkozy told the US Congress that Washington should do something to strengthen the dollar -- or else risk an "economic war." US President George W. Bush is hardly likely to be impressed by this sort of talk coming from Old Europe. He has proven himself, once again, a master of ignoring the obvious, behaving as if the dollar problem were nonexistent. "The policy of this government is a strong dollar," he says, adding, "we believe that the marketplace is the best place to set the exchange rates."