On Thu, 3 Mar 2005 20:43:44 -0800, "Snafu"
wrote:


"John H" wrote in message
.. .
Some folks want to complain that Bush has done a bad job with our economy.
Perhaps they should check the rest of the world. Last week France broke
the
double digit unemployment rate. This week Germany does even worse. Note,
especially, the second paragraph and the last section on the US economy.


In spite of Europe's economic conditions, their currency is doing far better
than ours. That's is just a fact. The article you quoted says the
Euro-Dollar conversion may get back to $1.26. Well, that's still above
where it was in most of 2004 as the Euro soared against the Dollar.
(http://finance.yahoo.com/q/bc?s=EURU...y&l=on&z=m&q=l)
Our out-of-control debt is the prime reason for the rise of the Euro against
the Dollar. Bill Gates and Warren Buffet are concerned enough about the
Dollar that they are investing their assets overseas.
(http://quote.bloomberg.com/apps/news...nist_pesek&sid
=anG6GRlMcrz8)



Your site Gates and Buffet wouldn't come up for me. I got to Bloomberg, but
saw nothing about Gates and Buffet. If they were investing 'their assets'
overseas, I'd be most surprised. If they are investing a 'portion' of their
assets overseas, then they are being prudent.

It seems as though the 'dollar vs Euro' controversy is one of the last
strongholds of the anti-Bush crowd with respect to the US economy.

We added 262,00 jobs last month, our unemployment rate is 5.4%. There is not a
whole lot to whine about. (I'm not saying *you're* whining!)


John H

"All decisions are the result of binary thinking."