On Tue, 28 Jun 2005 16:24:25 +0000, NOYB wrote:


"Doug Kanter" wrote in message
...
How much you wanna bet the deal goes through, and your moron president
announces a short list of absurd reasons why it's a great idea?

The only way that the deal won't go through is if China refuses to budge
on the currency stalemate. *If* the deal goes through, the real reasons
won't be made public.

Frankly, I'm not sure the deal can be legally stopped. While there will
be a CFIUS review, it is unlikely that the UNOCAL deal will meet it's
guidelines for denial.

http://www.treas.gov/offices/interna...s/exon-florio/

China is being pressured to float it's currency. If the deal goes
through, China will miraculously relent on the currency issue, and finally
let their currency float...which would help America's economy in the long
run.

Doubtful. China has already stated it will re-peg it's yuan from it's
8.28 level, "in it's own time", but to float the yuan, very doubtful.
China hasn't a history of responding to outside pressures, and with an
over $100 billion trade surplus with the US, UNOCAL at $18 billion, is
small potatoes.