585. Timmy. How wrong you are (see post 571)

Timmy Geithner, the Treasurer of the United States, claimed that the Euro crisis would not hurt the American Economy. Wonder if he has been watching the market and the articles and his President's remarks? Oh, Timmy, how wrong you are. The Euopean Crisis hurts the value of the Euro. When the Euro is hurt, the Dollar rises. When the dollar rises, America's exports become expensive to the rest of the world. When that happens, they start buying elsewhere. Which HURTS our companies to a point where the only way they can make things balance is to cut production and lay off people. Now, that doesn't hurt America Timmy? Even my dog Sam had more Common Scents (and Sense).