Re: USA parts and China parts

Posted by Strong Dollar on August 18, 2003 at 14:50:57 from (65.141.162.101):

In Reply to: USA parts and China parts posted by Steve Mason on August 18, 2003 at 09:23:29:

One of the biggest problems has been the US's policy of maintaining a strong dollar. All the low inflation policies have hurt the US economy more then any really imagines. As foreign currencies slide in value compared to the US it makes our exports (what a joke) more expensive and our imports cheaper. After over 20 yeaars the dollar is worth more then double or triple what it was compared to European or Pacific Rim country's currencies. Goes back to William Jennings Bryant's speach about the farmers carrying the cross of gold. Without the protective tarrifs in place the working men are carrying the gold cross with the farmers.

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