Americans living on borrowed time
http://www.guardian.co.uk/business/story/0,3604,1335120,00.html
In the first of a three-part series Larry Elliott and David Teather
explore the economic recovery that never was
Monday October 25, 2004
The Guardian
Oil prices are heading for $60 a barrel. Motorists in the United
States are getting their heads round the idea of paying $2 for a
gallon of gas. Eighteen months after the ousting of Saddam Hussein was
supposed to put the skids under the cost of crude, you might imagine
America's reliance on imported fuel would be a crucial issue in the
race for the White House. It isn't.
America is racking up trade deficits of $50bn a month and anger is
growing out in the industrial heartlands about China's refusal to
revalue its currency. Yet trade policy is a peripheral issue as George
Bush and John Kerry enter the last week of campaigning.
Larry Elliott
http://tinyurl.com/3hgad
http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&oe=UTF-8&selm=18510aff.0311140421.250920d8%40posting.google.com
David Teather
http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&selm=18510aff.0312060712.cd0482%40posting.google.com
.
|
