Re: Obama-nomics




On Fri, 24 Oct 2008 11:25:27 -0700, John Larkin
<jjlarkin@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx> wrote:

On Fri, 24 Oct 2008 11:02:45 -0700, Jim Thompson
<To-Email-Use-The-Envelope-Icon@xxxxxxxxxxxxxxx> wrote:


From...

http://news.bbc.co.uk/2/hi/business/7676957.stm

"China is a significant source of global savings and certainly is not
immune to the economic crisis which will slow its economic growth,
though it is likely to weather it well.

With nearly $2 trillion in foreign exchange reserves, it is in a
position to help with the credit crunch in the West as well as serve
as an engine of growth as the other engine, the United States, slows
TO A HALT."

...Jim Thompson


BBC? A Fellow at Oxford? Sad... she makes no sense at all.

And "to a halt"? US GDP is still increasing.

John

I think she's implying China will "cause" that.

Revised Chrysler layoff numbers... now saying _only_ 4500.

...Jim Thompson
--
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What's the difference between a horse's ass and Barack Obama?
Lipstick!
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