It's the economy ...

Nic Name · 02-19-2002, 01:57 AM

Mr Bush said Japan's Prime Minister Junichiro Koizumi had discussed "the devaluation issue" while outlining his plans to revive Japan's economy. What he had meant to say was that they had discussed "the deflation issue".

Mr Bush's aides rushed to clear up the confusion. The president had "misspoken", they said. But the damage had already been done. The yen slumped by half a yen against the dollar.

... devaluation/deflation what's the difference? ... no big prob ... I hear the dollar went up, didn't it? ... while I'm here, can we see where we dropped the nukular bombs?

and speaking of dollar ...

www.bushisms.com

jaguar · 02-19-2002, 02:28 AM

I was chatting with my is lecturer today about using currancy value as a weapon, this really is a good demonstration of that - even if it was an accident.

Griff · 02-19-2002, 06:29 AM

I don't know from dried fruit, but you are right about fiat coinage.

Undertoad · 02-19-2002, 08:35 AM

And the value of half a yen?

About 0.4 cents. The story is a media creation.

Nic Name · 02-19-2002, 09:26 AM

The media didn't create the gaffe. The media just reports what he says. Sometimes his poorly chosen words aren't worth 2 cents. Other times, like the often used "crusade" word, and that "axis of evil" phrase, it is a costly choice of words.

Make no mistake about it ... Bush always means what he says, even if he doesn't always say what he means.

jaguar · 02-19-2002, 04:14 PM

when you deal wiht hundreds of billions .4 cents makes a signifigant difference.

Undertoad · 02-19-2002, 05:41 PM

There are about 133 yen to the dollar. If it dropped a half yen to the dollar that would constitute a .37% change, a tiny amount. This was a non-event. Simply by being not news, reporting it makes it a media creation.

Nic Name · 02-19-2002, 06:02 PM

Don't you think it is informative that the President would use the term devaluation when the discussion was actually about deflation?

The news isn't the currency market response ... the news is that W doesn't have a clue about the economy. OK, you're right. And that's not news, either.

02-20-2002, 09:27 AM

Yeah. I think it shows that he's human and he, too, flubs what he's saying sometimes. Try being the fucking President, where everyone is making a news story about <b>everything</b> you say, and not occasionally slipping. Jesus Christ.

Hubris Boy · 02-20-2002, 06:19 PM

When I consider the amazing things that spew from your Mr. Chrétien's mouth on an almost daily basis, I stand astonished that you manage to find the time to worry about our president.

Nic Name · 02-20-2002, 06:30 PM

Hey, this isn't a "my Prime Minister is better than your President thing."

It's just a bit more cosequential for our world what your President says. He is, after all, the leader of the free world. If you're not with US you're against US and all that.

The stuff Canadian leaders say is often just as stupid or even stupider (sic) and, if anyone cares, I could post a few gaffes about our clowns in the Toronto thread ... especially Mayor Mel.

When it comes to American politicians, I'm non-partisan, which is even more objective than bi-partisan.

When it comes to Canadian politicians ... well, don't get me going on them!

Hubris Boy · 02-20-2002, 06:38 PM

Quote:

Hey, this isn't a "my Prime Minister is better than your President thing."

Of course it isn't. I was simply pointing out that, as a rich, juicy source of malapropisms, Chrétien has Bush beat, hands down.

Quote:

The stuff Canadian leaders say is often just as stupid or even stupider (sic) and, if anyone cares, I could post a few gaffes about our clowns in the Toronto thread...

Well... why don't you? And post 'em here in Current Events, where they belong.

Xugumad · 02-20-2002, 06:46 PM

Quote:

Originally posted by dhamsaic
Yeah. I think it shows that he's human and he, too, flubs what he's saying sometimes

The reason why people even bothered mentioning this latest 'Bushism' is because some suspected it wasn't entirely coincidental.

"The president had insisted he would not comment on the yen, saying repeatedly before his Asia trip that the market must determine currency values."
http://www.guardian.co.uk/bush/story...652327,00.html
http://news.bbc.co.uk/hi/english/bus...00/1825593.stm

Even if it was, people have an issue with him because such a 'human error' can cost people's livelihoods (at best) or lives (at worst). Being a moron is alright, we all make mistakes. People just usually try not to elect a moron as president; if he screws up, bad things happen.

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X.

02-20-2002, 06:51 PM

Sigh.

There should be limits to freedom. It <b>should</b> be illegal for me to kill you, and it is.

I don't see how someone's livelihood (at best) was ruined here. Please explain that.

Nic Name · 02-20-2002, 07:00 PM

Quote:

PM: Only U.S. can end our recession

Being 'very much dependent' limits economic options

Robert Fife, Ottawa Bureau Chief

National Post: December 22, 2001

Grant Halverson, The Associated Press

JEAN CHRETIEN, THE PRIME MINISTER: "To have control of our currency is a great advantage to us."

OTTAWA - In an unusual admission of powerlessness, Jean Chrétien said yesterday that Canada has become so economically dependent on the United States that it must rely on the Americans to lift our economy out of recession.

The Prime Minister said the Liberal government did what it could to stimulate the lagging economy in the Dec. 10 budget through $12-billion of new spending, but he said money alone is not enough to reverse the recession.

Canada must rely on the economic management of George W. Bush, the U.S. President, to revive the North American and even the global economy, he said.

Which brings me back to the point of this thread ... devaluation or deflation, that is the question.

02-19-2002, 01:57 AM	#1
Nic Name retired Join Date: Dec 2001 Location: Toronto, Canada Posts: 1,930	It's the economy ... Mr Bush said Japan's Prime Minister Junichiro Koizumi had discussed "the devaluation issue" while outlining his plans to revive Japan's economy. What he had meant to say was that they had discussed "the deflation issue". Mr Bush's aides rushed to clear up the confusion. The president had "misspoken", they said. But the damage had already been done. The yen slumped by half a yen against the dollar. ... devaluation/deflation what's the difference? ... no big prob ... I hear the dollar went up, didn't it? ... while I'm here, can we see where we dropped the nukular bombs? and speaking of dollar ... www.bushisms.com

02-19-2002, 02:28 AM	#2
jaguar whig Join Date: Apr 2001 Posts: 5,075	I was chatting with my is lecturer today about using currancy value as a weapon, this really is a good demonstration of that - even if it was an accident. __________________ Good friends, good books and a sleepy conscience: this is the ideal life. - Twain

02-19-2002, 04:14 PM	#6
jaguar whig Join Date: Apr 2001 Posts: 5,075	when you deal wiht hundreds of billions .4 cents makes a signifigant difference. __________________ Good friends, good books and a sleepy conscience: this is the ideal life. - Twain

02-20-2002, 06:30 PM	#11
Nic Name retired Join Date: Dec 2001 Location: Toronto, Canada Posts: 1,930	Hey, this isn't a "my Prime Minister is better than your President thing." It's just a bit more cosequential for our world what your President says. He is, after all, the leader of the free world. If you're not with US you're against US and all that. The stuff Canadian leaders say is often just as stupid or even stupider (sic) and, if anyone cares, I could post a few gaffes about our clowns in the Toronto thread ... especially Mayor Mel. When it comes to American politicians, I'm non-partisan, which is even more objective than bi-partisan. When it comes to Canadian politicians ... well, don't get me going on them! Last edited by Nic Name; 02-20-2002 at 06:32 PM.

02-19-2002, 06:29 AM	#3
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	I don't know from dried fruit, but you are right about fiat coinage.

02-19-2002, 08:35 AM	#4
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	And the value of half a yen? About 0.4 cents. The story is a media creation.

02-19-2002, 09:26 AM	#5
Nic Name retired Join Date: Dec 2001 Location: Toronto, Canada Posts: 1,930	The media didn't create the gaffe. The media just reports what he says. Sometimes his poorly chosen words aren't worth 2 cents. Other times, like the often used "crusade" word, and that "axis of evil" phrase, it is a costly choice of words. Make no mistake about it ... Bush always means what he says, even if he doesn't always say what he means.

02-19-2002, 05:41 PM	#7
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	There are about 133 yen to the dollar. If it dropped a half yen to the dollar that would constitute a .37% change, a tiny amount. This was a non-event. Simply by being not news, reporting it makes it a media creation.

02-19-2002, 06:02 PM	#8
Nic Name retired Join Date: Dec 2001 Location: Toronto, Canada Posts: 1,930	Don't you think it is informative that the President would use the term devaluation when the discussion was actually about deflation? The news isn't the currency market response ... the news is that W doesn't have a clue about the economy. OK, you're right. And that's not news, either.

02-20-2002, 09:27 AM	#9
dave Guest Posts: n/a	Yeah. I think it shows that he's human and he, too, flubs what he's saying sometimes. Try being the fucking President, where everyone is making a news story about <b>everything</b> you say, and not occasionally slipping. Jesus Christ.

02-20-2002, 06:19 PM	#10
Hubris Boy Keymaster of Gozer Join Date: Jul 2001 Location: Patapsco Drainage Basin Posts: 471	When I consider the amazing things that spew from your Mr. Chrétien's mouth on an almost daily basis, I stand astonished that you manage to find the time to worry about our president.

02-20-2002, 06:51 PM	#14
dave Guest Posts: n/a	Sigh. There should be limits to freedom. It <b>should</b> be illegal for me to kill you, and it is. I don't see how someone's livelihood (at best) was ruined here. Please explain that.

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