Buzzflash’s Media Putz of the Week just has to get maximum publicity, so let me add my mite. Erin Burnett of CNBC actually said this:
Ya know, if China were to revalue it’s currency or China is to start making say, toys that don’t have lead in them or food that isn’t poisonous, their costs of production are going to go up and that means prices at Wal-Mart here in the United States are going to go up too. So, I would say China is our greatest friend right now, they’re keeping prices low and they’re keeping the prices for mortgages low, too.”
If you don’t believe it you can watch the video at Crooks and Liars. There is, by the way, not a hint of irony in her delivery. By the way, what do you think the odds are that Erin Burnett shops at Wal-Mart herself?
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