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Politics : President Barack Obama

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To: RetiredNow who wrote (132027)3/19/2013 12:33:58 PM
From: RetiredNow  Read Replies (1) of 149317
 
“For America’s first 180 years, when the dollar had a defined value backed by gold, real growth averaged 3.9%, despite income tax rates that varied widely. During our subsequent 41 years of the paper dollar standard, in which the dollar has had no defined value and has been backed only by empty political promises, growth has averaged 2.8%. Under the weak dollar regimes of George W. Bush and Barack Obama, growth has been an anemic 1.57%. If we want to return to high growth rates, we must return to a stable dollar.
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