Wednesday, December 07, 2005

New York Times Can't Puzzle Out Why Japan is Flourishing And We Are Collapsing


By Elaine Meinel Supkis

Of course the NYT won't read my blog or look at my cartoons so they are clueless about the yen/dollar dynamic that eats away at our infrastructure every time we let the yen drop in value. To keep this unhealthy dynamic, the Japanese peddle loans for us which only makes things much worse in the long run! During the Clinton Golden Years, we spurned Japanese loan offers because we were solvent and could keep the value of the yen at 100 or less per dollar. Now it is back to the Bush I value: 130 yen to the dollar! Sinking ship, America!
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