wrote in message
oups.com...

John H wrote:
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.
snip

What happens elsewhere in the world has no bearing on us. It's like
comparing apples and oranges. Take for example, if you were to compare
Afghanistan with Germany, THEN, Germany would look economically
gigantic!


Go take Economics 101. And then you will realize that the economy is
global. Failing enconomies in Europe affect us. Greatly. And Europe,
especially Germany and Italy are tanking big time. Part of the oil price
increase (and a major part) is China's booming economy. They are buying
copius amounts of oil to fuel the manufacturing base. And since they
learned from Japan, to artificially hold the low value of their currency,
they get to have even greater benefits in their economy. Japan was
eventually required to float the value of their currency, and it is coming
very soon for China.