Last weekend Barack Obama announced his intention to implement a New Deal-style stimulus and public works program. What he somehow forgot to mention is that the United States is wholly dependent on the willingness of foreign creditors to supply the funds. But a weakening dollar makes continued foreign purchase of U.S. Treasuries a much more difficult decision.
Read the rest of his article on the US dollar here.
8 comments:
Guess he's not completely stupid. He's right, Obama will probably be forced into fiscal conservativism because of the crisis.
Probably him or the next guy, but either way it'll be too late.
You sure have become Mister Pessimist, Josh. That's not a healthy outlook. Better to interweave pessimism with optimism. Balance, it's all about balance.
I focus on neither optimism nor pessimism, just stark reality.
So-called "stark reality" is pessimism.
Nope.
Yup. Stark = pessimism. "The stark reality of my lover's kiss made me happy!" does not make sense, because a kiss creates a optimistic mental state, i.e. not stark.
Reality is typically cold. Look at the world around you.
Post a Comment