So we have a weak dollar. It’s really not a big deal. In fact ….

As Detroit’s struggling auto makers slash jobs, major European auto makers are moving to expand U.S. operations, illustrating how the auto industry’s globalization isn’t just a one-way street for the U.S. economy.

German auto makers are accelerating plans to ramp up U.S. production and add jobs as a hedge against the dollar’s persistent weakness against the euro, which has battered profits on vehicles exported from Europe.

Funny how capital flows work. What do you want to bet that Lou Dobbs deftly spins this development into another grumble about immigrants?