Goodreads Profile

All my book reviews and profile can be found here.

Monday, December 06, 2004

IHT: Commentary: Deflating Bush's China balloon

IHT: Commentary: Deflating Bush's China balloon

"Ultimately, the value of a currency is an international verdict on the honesty and competence of the government that issued it." The dollar has lost significant value against the Euro in recent months. President Bush's attempt to blame China is misplaced. After all they are helping to finance our debt. The Chinese reaction was succinct: "China's custom is that we never blame others for our own problem. The United States has the reverse attitude. Whenever they have a problem they blame others." Li Ruogo, People's Bank of China
Post a Comment