Politics
Politics
Out of context: Reply #9393
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- johndiggity0
the administration and timothy geitner want a weak dollar, but can't and won't come out and say it. a weaker us dollar is good in their eyes because it makes us exports more attractive, which hopefully fuels us manufacturing jobs. however, if they publicly back this policy, it piss off china, who is a major us debt holder and who has also pegged their currency to the dollar. the danger is that china starts selling off their debt and the dollar drops drastically. this is a fine line the administration is walking with regard to monetary policy. if it works, it will be good in the long run. however, it has the potential to turn south very quickly.
- this was a bush policy.zenmasterfoo
- When are you going to see past Bush and look at reality? Watch the Fall of the republic online for free.********