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Thread: Dollar loses reserve status to yen & euro

  1. #41
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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Goldenboy219 View Post
    Are you aware that the president (if and of himself) has very little, if any, control on relative strength of the dollar?
    Shutup.

    Democrat = Evil Incarnate
    Republican = Can Do No Wrong

    Never mind Obama is a Bush clone. Just drink the Kool-aid, take your pills, shut your brain off and follow the propaganda.
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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Goobieman View Post
    I suppose not, if you dont care about things like this.
    And if you actually cared about what you pretend to, you would have criticized Bush when the dollar had the largest drop in value in 2006. I see you have utterly failed to provide evidence of such criticism. Have you even ever criticized the reckless fiscally liberal Bush spending?

    Oh I forgot.

    GOP = Can Do No Wrong
    Dem = Evil Incarnate

    Even when they are following the same policies.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  3. #43
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    Re: Dollar loses reserve status to yen & euro

    It's all in the plan. PBO wants to bring America to her knees for all the injustices of the past.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  4. #44
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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Tucker Case View Post
    It's also possible that I am getting thanked because I'm not blaming only one side while ignoring the other side's complicity in the matter.

    Both Bush and Obama are to blame for allowing Bernanke to hold this position.
    You hit the nail on the head. Of course, the partisan hacks on either side will never get it. The only thing they care about their own hatred.

    Because you read my mind, you get the customary virtual cigar from yours truly. And with that virtual cigar, comes the customary tradition of...

    Printing it out and smoking it.
    Last edited by danarhea; 10-14-09 at 06:42 PM.
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  5. #45
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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Tucker Case View Post
    First, you mean? That was Bush

    They've been "injecting" billions into the market since August of '07.

    They injected nearly a trillion in September of 2008.

    Is the Fed's $800 Billion Plan Cause for Concern? - BusinessWeek

    Obama is simply doing what Bush signed off on to a higher degree.
    Yes and no. Ignoring the massive unfunded liabilities, a trillion extra debt on top of Clinton's ending $5.73 wouldn't have caused this mess. Especially for a $14 trillion economy. Harping about the bailout (which has netted a nice return btw) is dishonest when the real problem is that $5 trillion in additional debt that accumulated under Bush.

    Having debt go from $5.73 to $6.73 is not that bad. Having debt go from $5.73 to $10.7 is the real problem.

    What the hacks here are doing is blaming Obama for the straw that is breaking the camel's back while ignoring the man who strapped lead weights to that camel.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  6. #46
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    Re: Dollar loses reserve status to yen & euro

    No, I'm pretty sure I limited my comments to those things actually applicable to Obama.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by obvious Child View Post
    Yes and no. Ignoring the massive unfunded liabilities, a trillion extra debt on top of Clinton's ending $5.73 wouldn't have caused this mess. Especially for a $14 trillion economy. Harping about the bailout (which has netted a nice return btw) is dishonest when the real problem is that $5 trillion in additional debt that accumulated under Bush.

    Having debt go from $5.73 to $6.73 is not that bad. Having debt go from $5.73 to $10.7 is the real problem.

    What the hacks here are doing is blaming Obama for the straw that is breaking the camel's back while ignoring the man who strapped lead weights to that camel.
    In all honesty, it is not a straw that Obama added to the camel's back, but more lead weights.
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by chevydriver1123 View Post
    While true but his policies are just speeding up the process.
    But in saying so you concede that it was enevitable...just a matter of time before it actually happened. So, I put the question before you and other "Obama opposers" again: How is this his fault exactly when the U.S. dollar was on a slow downward spiral before he took office?

    I can see blaming the President IF the dollar was on strong footing as a reserve currency before 01/20/09, but if it was already on the decline long before President Obama took office, how is this his fault? All you can honestly attribute the President's actions to in this regard is his spending may have taking the matter over the edge, but you can hardly put the blame for the dollar's continued decline on his shoulders.
    Last edited by Objective Voice; 10-14-09 at 06:59 PM.

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Objective Voice View Post
    But in saying so you concede that it was enevitable...just a matter of time before it actually happened. So, I put the question before you and other "Obama opposers" again: How is this his fault exactly when the U.S. dollar was on a slow downward spiral before he took office?
    It isn't "inevitable."
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Harshaw View Post
    It isn't "inevitable."
    Sorry...didn't check Websters before posting...my bad, but thanks for the spell check.

    Back to the point...how is it President Obama's fault exactly when the U.S. dollar was already in decline as a reserve currency before he took office?
    Last edited by Objective Voice; 10-14-09 at 07:04 PM.

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