Re: U.S. dollar hits new record low vs. Euro...
- From: rvfulltime <rvfulltime.nospaam@xxxxxxxxxxxxxxx>
- Date: Fri, 29 Feb 2008 14:20:07 -0700
Billy wrote:
Thanks traitor Bush
no economic theory just blind assault on the dollar and our economy in the name of Globalism for business
That works out , if diesel is .60 higher to about 460.00 to go 600 to 700 miles. That means moving once a month perhaps. Not to mention that everything else cost twice what it did in 2000. It's over 100.00 a night in the better sites in Fla.
From The Associated Press, 2/29/08:
http://www.newsday.com/business/nationworld/ats-ap_business11feb29,0,2289618.story
Euro Keeps on Climbing Against Dollar
BERLIN -
The euro continued its rapid climb to new highs against the dollar on
Friday, hitting $1.5238 in early European trading.
It's sad when people are so consumed by emotions that the logical side of their brain shuts down.
The dollar is weak because our trade deficit is so high. Our trade deficit is high because we import so much oil. While I haven't actually looked at the data, I wouldn't be surprised if 100% of our trade deficit would be covered by our oil imports. The price of crude oil is so high because the China and India economies are booming. Diesel costs more than gasoline in the U.S. because refined fuels are no longer a free market. This is because the government hasn't allowed a new oil refinery to be built in a couple of decades. We now import refined fuels, particularly diesel. Diesel costs less to refine and gasoline and would therefore cost less at the retail pump if we didn't have artificial constraints on the refining industry.
Sorry, Bush is not to blame for any of this.
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