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Politics : Right Wing Extremist Thread -- Ignore unavailable to you. Want to Upgrade?


To: calgal who wrote (57551)10/8/2009 5:41:10 PM
From: Hope Praytochange1 Recommendation  Read Replies (9) | Respond to of 59480
 
Obama under fire over dollar
Posted by Gwen Robinson on Oct 08 04:40.

The depreciation of the US dollar is sparking growing jitters among US critics of the Obama administration over the potential loss of America’s reserve currency status. Economists point out that a declining dollar could prove a boon to the US economy in the absence of credible anxiety over inflation. However, Republican politicians have highlighted the dollar’s slide as evidence of waning US power, while other nations have also expressed concern about dollar weakness.

This entry was posted by Gwen Robinson on Thursday, October 8th, 2009 at 4:40 and is filed under Capital markets, People. Tagged with Barack Obama.