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Politics : President Barack Obama
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To: steve harris who wrote (102909)10/7/2011 4:58:29 PM
From: RetiredNow  Read Replies (1) of 149317
 
I saw that. China's another bogeyman. Yes, China is a currency manipulator and by all rights Obama or Bush before him should have labeled them as such long ago.

But now the worm has turned. You see, it turns out that the US is now the mother of all currency manipulators. We have actively been pursuing a weak dollar policy with all that Quantitative Easing and Zero Interest Rate Policy. So it seems we've ceded the moral high ground. We can blame China for our problems, but I think we'd better stop blaming others and get our own damned house in order pronto.
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