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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (22688)	11/28/2009 10:44:51 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

Re: "There are no tax cuts," You were talking about this past Spring's "stimulus bill". 39.9% of it was tax CUTS and tax INCENTIVES. That's what I was referring to. Re: "the dollar is disappearing," How so? It's still higher now then it was in Spring 2008, a year and a half ago before the crisis even hit. The Dollar seems (to me) to be right about EXACTLY sitting on it's long-term (30 year) trendline. And, right this instant, it's showing signs of a bit of a reversal, a rally. (Hard to label exactly on the 30 year trendline as "disappearing".) The USD Index measures the performance of the US Dollar against a basket of currencies: EUR, JPY, GBP, CAD, CHF and SEK. Here is a look at the Dollar going back for almost 38 years: As John Mauldin writes: "Look at the above chart. Notice that the dollar is roughly where it was 20 years ago. And notice the recent jump during the credit crisis. We are not even back to where we were before the crisis." Re: "that's the biggest hidden tax increase in history..." CLEARLY you are incorrect, sir. For... if you actually consider DECLINES in the Dollar's relative value to be "tax increases" then the "dollar tax increase" of the Reagan years is at least an order of magnitude LARGER then this recent minor slide. Even the Dollar decline that came when Bush II was sworn into office is (so far) still MUCH LARGER. Just look at the chart above! The Reagan era and the steady long Bush II era Dollar declines are the LARGEST DOLLAR DECLINES of the past 30 years. I repeat: the Dollar is right about it's long-term post-WWII chart trend (right where you'd expect), and looking like a bit of a rally right now. It's only seems down a lot because the global financial panic of last Fall caused a TEMPORARY flight to the Dollar.