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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (50128)	2/7/2009 8:09:20 PM
From: Bread Upon The Water	Respond to of 149317

5.) Given the above, I pitty the fool holding dollars. The rest of the world should be pissing all over this dollar rally. The US may gain credibility abroad with it's foreign policy (which it will desparately need) as it's economic image is destined for a big fall along with the dollar. This is ALREADY A DONE DEAL... thinking there is "something that can be done" about it now is like the guy facing triple by-pass after decades of bodily neglect and abuse... it typical lame "linear thinking" that you see in the daily media. Like on Fox News the other day "when does this recession become Obaba's recession". LOL... Yea, like oil moving from $3 to $30 under Nixon/Ford became "Carter's malaise" by the popular media. 6.) All you can do now is wait, and try and help unemployed folks out as cost effectively as you can. DAK V: Pretty much agree with all of the above. It would be interesting to take a survey of how people's view of the stimulus breaks down according to their age. If there was some sort of correlation that could be made.

To: LLCF who wrote (50128)	2/8/2009 10:48:09 PM
From: RMF	Read Replies (2) \| Respond to of 149317

After Clinton left office and we were running surpluses, I thought maybe we'll be all right and get get this debt down to a manageable number and even sock away some cash for when the baby boomers retire. If it had been Gore rather than Bush I think that might have happened. But Bush came in and the Republicans saw that we were bringing in more than absolutely necessary, so they said "WE CAN CUT TAXES AGAIN!" Even when they discussed the stimulus they wanted it to be in the form of tax cuts. They apparently think that people with no jobs are most concerned about tax rates. I DO think the USD is eventually going to take a hit, but I don't think it's really going to get trashed. Not that the U.S. is doing that great, but the fact that nobody else is doing that great either and money has to go somewhere. Europe and Japan aren't really doing that well either and the Chinese aren't ready (nor willing) to see everybody jump into the Yuan. Money's got to go somewhere and right now there don't seem to be many options. Gold may run big time, but I think the USD's obvious advantages in the markets will help keep it afloat. I think it WILL take a substantial hit against some currencies. I think those might be the currencies based more on resource production like Canada. That's why I like Canadian gold producers now when they are selling at a 20% discount. They may get a nice pop from their gold production and also a strengthening CAD.