Don't you like the image above? It is about the recent but long overdue changes to the exchange-rate of the greenback -- changes that have American producers and manufacturers rubbing their hands with glee. The changes are just about the best news possible for their "buy American" campaign.
But even if you don't read German, I think you can see that Spiegel magazine is treating it as something catastrophic. Like American Leftists, Germans don't want to believe anything good about America. Sad.
David's Medienkritik has the details.
And the fact that the exchange-rate change has just about sunk the European Airbus does have its amusing side: Schadenfreude, even. The silly old socialist plane-makers were so dumb that they did not even hedge their currency bets! Bureaucrats don't make good businessmen. Boeing must be laughing.
It's amazing how complicated these currency matters get. The European governments will be inclined to pour more money into Airbus to keep it afloat. That's actually against EU rules on subsidies but they will probably do it anyway. They have SUCH generous taxpayers in Germany and France!
But the ones who will be laughing about THAT will be the Swiss. The EU is presently heavying Switzerland with the claim that Swiss low taxes are an illegal "subsidy". It's total nonsense but henceforth the Swiss will simply have to say one word: "Airbus"
(For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, FOOD & HEALTH SKEPTIC, GUN WATCH, SOCIALIZED MEDICINE, AUSTRALIAN POLITICS, DISSECTING LEFTISM, IMMIGRATION WATCH INTERNATIONAL and EYE ON BRITAIN. My Home Pages are here or here or here. Email me (John Ray) here.)
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