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Originally Posted by chickentribs
Because the dollar is worthless than 70% of what it was 2 years ago, there is no way that they can compete in the world market with the car lines.
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Where did you pull this out of? Do you mean the US vs itself 2 years ago? because I'm pretty sure we haven't had 70% inflation in 2 years. In actuallity inflation has been something around 2%.
http://oregonstate.edu/dept/pol_sci/fac/sahr/sahr.htm
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Inflation was higher in 2004 than the Office of Management and Budget and the Congressional Budget Office estimated in early 2004. The average of their estimates of 2004 inflation was 1.5%. Actual year-to-year inflation for 2004 was 2.7%.
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Do you mean US dollar vs the Euro? Because we haven't had a 70% loss vs the euro in the last 2 years, even when the dollar was at the 2 yr high. The dollar has lost around 25% vs the euro in the last 2 years.
So do you care to elaborate on just exactly what you meant when you said the dollar is worth less than 70% of what it was 2 years ago, because you can't just make up facts, especially financial ones that are easily disputed, and expect people to believe anything you have to say.