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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Ann Corrigan who wrote (62000)	3/26/2009 2:08:40 PM
From: lorne	1 Recommendation Read Replies (2) \| Respond to of 224888

Sometimes I wonder if all this spending crap by obama is a smoke screen or maybe necessary to implement a one world reserve currency with possible UN control.... Of course the current reserve currency ( US Dollar ) would have to be rendered unreliable...enter obama.... and another crisis would occur and a rush solution would have to be found...One world currency. I think I need to have a long rest... :-) Geithner 'open' to China proposal March 25, 2009 Categories: White House politico.com Geithner, at the Council on Foreign Relations, said the U.S. is "open" to a headline-grabbing proposal by the governor of the China's central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and "evolutionary." "I haven’t read the governor’s proposal. He’s a very thoughtful, very careful distinguished central banker. I generally find him sensible on every issue," Geithner said, saying that however his interpretation of the proposal was to increase the use of International Monetary Fund's special drawing rights -- shares in the body held by its members -- not creating a new currency in the literal sense. "We’re actually quite open to that suggestion – you should see it as rather evolutionary rather building on the current architecture rather than moving us to global monetary union," he said. "The only thing concrete I saw was expanding the use of the [special drawing rights]," Geithner said. "Anything he’s thinking about deserves some consideration." The continued use of the dollar as a reserve currency, he added, "depends..on how effective we are in the United States...at getting our fiscal system back to the point where people judge it as sustainable over time." President Obama flatly rejected the notion of a new global currency at last night's press conference. UPDATE: Evidently sensing a gaffe, moderator Roger Altman told Geithner that it would be "useful" to return to the question, and asked if he foresaw a change in the dollar's centrality. "I do not," Geithner said, adding several forceful promises, including, "We will do what's necessary to say we're sustaining confidence in our financial markets."

To: Ann Corrigan who wrote (62000)	3/26/2009 4:58:03 PM
From: KLP	3 Recommendations Read Replies (1) \| Respond to of 224888

Thanks for posting that Ann! You asked the question originally: Obama--How Is He Doing? IMO, he's not doing anything worthy of the name President of the United States. Making bad decisions about who should be in the various Cabinet and other appointed positions is one thing...but the really really serious things he's doing is either by lack of experience, or by intention, spooking the Stock Market, scareing the Global Markets, to say nothing of most of the Taxpaying citizenry of the United States with Socialist/Statist directives.