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Indeed. There's advantages both ways. Having an artificially high dollar like we do, we're able to consume more than we produce. The world is basically subsidizing us. Good for us in that we get more stuff, sweet.
On the other hand, a weaker dollar is connected with higher exports (IE jobs!) and lower imports (including outsourcing to foreign countries.) Japan intentionally kept their currency low for years to maintain their exports.
Personally, I'd love to have the dollar fall to it's true value. Since that's both good and bad, everyone can be happy. Those who oppose the current administration can blame Obama for it. Those who support the current administration can praise Obama for it. Win-win!
The word 'Bush' and some derogatory gets you a thanks from Dana. Congrats.This is a spiral effect from horse**** fiscal policies by a Bush appointee who should have been removed by Obama.
Both Bush and Obama are douchebags over Bernanke.
The word 'Bush' and some derogatory gets you a thanks from Dana. Congrats.
I suppose not, if you dont care about things like this.Your article really does not mean very much.
Re-read my post, and then think about exactly what I said.It's also possible that I am getting thanked because I'm not blaming only one side while ignoring the other side's complicity in the matter.
Both Bush and Obama are to blame for allowing Bernanke to hold this position.
OK but...It's also possible that I am getting thanked because I'm not blaming only one side while ignoring the other side's complicity in the matter.
Both Bush and Obama are to blame for allowing Bernanke to hold this position.
OK but...
Who signed off on the printing of the money?
The most disturbing aspect of all this is that I think Obama takes great joy in all of this. He wants the destruction of the U.S. He's an Ayers disciple, is he not? That's the dirty little secret.
The most disturbing aspect of all this is that I think Obama takes great joy in all of this. He wants the destruction of the U.S. He's an Ayers disciple, is he not? That's the dirty little secret.
Indeed. There's advantages both ways. Having an artificially high dollar like we do, we're able to consume more than we produce. The world is basically subsidizing us. Good for us in that we get more stuff, sweet.
On the other hand, a weaker dollar is connected with higher exports (IE jobs!) and lower imports (including outsourcing to foreign countries.) Japan intentionally kept their currency low for years to maintain their exports.
Are you aware that the president (if and of himself) has very little, if any, control on relative strength of the dollar?
I suppose not, if you dont care about things like this.
It's also possible that I am getting thanked because I'm not blaming only one side while ignoring the other side's complicity in the matter.
Both Bush and Obama are to blame for allowing Bernanke to hold this position.
First, you mean? That was Bush
They've been "injecting" billions into the market since August of '07.
They injected nearly a trillion in September of 2008.
Is the Fed's $800 Billion Plan Cause for Concern? - BusinessWeek
Obama is simply doing what Bush signed off on to a higher degree.
Yes and no. Ignoring the massive unfunded liabilities, a trillion extra debt on top of Clinton's ending $5.73 wouldn't have caused this mess. Especially for a $14 trillion economy. Harping about the bailout (which has netted a nice return btw) is dishonest when the real problem is that $5 trillion in additional debt that accumulated under Bush.
Having debt go from $5.73 to $6.73 is not that bad. Having debt go from $5.73 to $10.7 is the real problem.
What the hacks here are doing is blaming Obama for the straw that is breaking the camel's back while ignoring the man who strapped lead weights to that camel.
While true but his policies are just speeding up the process.
But in saying so you concede that it was enevitable...just a matter of time before it actually happened. So, I put the question before you and other "Obama opposers" again: How is this his fault exactly when the U.S. dollar was on a slow downward spiral before he took office?
It isn't "inevitable."
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