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Politics : View from the Center and Left

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To: Steve Lokness who wrote (71311)6/9/2008 9:41:59 PM
From: Bearcatbob  Read Replies (1) of 543150
 
"Nuts! The real reason oil is so high for Americans is the falling dollar based partially on awful fiscal policy of spending more than we take in - so lets do more of the same causing the dollar to fall more yet. Demonstrated McCain has no real understanding of economic issues."

I say nuts! Please support that above allegation stated so strongly. Try a chart of the dollar vs the price of oil. The last big run is NOT associated with the Euro dollar valuation.

As for spending more than we take in - your side is busy trying to out spend Bush!

Three months ago the Euro and $ were about where they are today:

finance.yahoo.com

Three months ago crude was about $105.

stockcharts.com

Care to try again? Come'on - face up to a different reality!
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