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  • katy8551 katy8551 Feb 5, 2013 1:08 PM Flag

    Currency Wars

    Apparently you are not aware that Mort Zuckerman used to advise the spender-in-chief. Mort has openly stated on McLaughin that he advised O to promote that exact policy to address the trade deficit. So I would say O is completely aware. Mort also openly did not support or vote for O in the last election.

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    • Ok, so what you are trying to tell us is Obama has encouraged the Fed to print worthless dollars so that he can address the trade imbalance and that all the other contrary reasons that are being given to us by the Fed are just smoke and mirrors.

      I think you miss the point. There are much higher priority reasons for the Feds actions and even if they were aware of the spillover affect into currency valuation, which I am sure the Fed is, it is a coincidental side effect. Trust me, if it were to have caused the dollar to be stronger instead and thus worsen our trade situation, they would continue to print worthless dollars anyway. Obama has shown almost no interest what so ever in trade policy unless it impacts the health of the green companies that the US government has invested in because that is personal. The rest of the country could sink for all he cares.

      The health of our economy today, or the lack of it, is more closely tied to the currency manipulation by our trading partners than it is tied to anything else. The problem is that Obama doesn’t seem to notice this. It’s barely on his radar. He pays lip service to the issue but takes no effective action that would have a discernible impact.

      You should be concerned about this as it is all of our jobs that are leaving the US. This is not a Democrat or Republican issue. It is a matter of self preservation for us all. Even if you are in business for yourself you won’t have customers to sell to if those customers have no money to spend.

      • 2 Replies to raybans2
      • RayB ... you said:

        "Obama has shown almost no interest what so ever in trade policy unless it impacts the health of the green companies that the US government has invested in because that is personal. The rest of the country could sink for all he cares."

        First, do you now want the government involved in the business of the U.S. as a matter of policy?

        Secondly, as far as caring goes, how's about the auto industry? I think it was the Repubs that wanted to let the car companies fail.

        Thirdly, BO has made it clear that he thinks some infant industries need a jump-start from the gov't. I suppose you are against this? What would you do then to help business? Could it be reduce taxes?

      • Over the long term the major determinant of exchange rates is Purchasing Power Parity. In the short term there is more than one way to purposely affect currency valuation.

        I also watch McLaughin (almost like a religion) and heard Mort state that it was the president's policy. Buchanan's jaw dropped and he asked Mort for clarification. Even donkey tattooed Eleanor Clift (has ears inside the whitehouse) admitted it was his policy and she said a wise one at that.

    • Just wondering if anyone here remembers that the Prez has no power to spend money. All spending originates in the House [aren't those guys mostly Repubs], and is authorized by Congress. The Prez can only make requests.

      Monetary policy is set by The Fed which is a semi-private, independent agency.

      I know that someone will be able to explain why BO is at fault for things the Congress and the Fed do .... is it because he's a Dem or Black or his middle name proves he is a Muslim ... oh yeah, and now he's gay too.

      I love you guys ... you too Katy 'cause you are a generous person.

 
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