OBAMANOMICS in action........will it work

Discussion in 'Economics' started by jueco2005, Jan 22, 2009.

Will the Presidents economic goals be met??

  1. This is a good time for the President to achieve all goals.

    7 vote(s)
    14.3%
  2. His goals are far too ambitious.

    6 vote(s)
    12.2%
  3. These economic goals are a joke.

    29 vote(s)
    59.2%
  4. He wont be able to accomplish them all.

    7 vote(s)
    14.3%
  1. I don't agree with the infrastructure plan being a bad thing, our banker..china does the same thing and hide the information about bad debt level.

    The whole world is broke, that doesn't mean we all give up and kill ourselves in expectation we get a better life next time.

    We have to work with have we have.

    http://online.wsj.com/article/SB123275567586511815.html
    Geithner china bash is wrong?

    We're not sure what Mr. Geithner means by "market exchange rates," given that the supply of any modern currency is set by a monopoly known as the central bank. When Mr. Geithner says China is "manipulating" its currency, what investors around the world hear is that he really wants Beijing to restrain the number of yuan in circulation and increase its value vis-a-vis the dollar. That's a call for a dollar devaluation to help U.S. exporters.

    This would seem to be an especially crazy time to undermine the dollar, given that the Treasury will have to issue some $2 trillion to $3 trillion in new dollar debt in the next couple of years. A stronger yuan would also contribute to Chinese deflation and slower growth, which would only mean a deeper world recession. Even the Bush Treasury never formally declared China to be a currency "manipulator" in its periodic reports to Congress. If the Obama Treasury is now going to take that step, hold on to those gold bars. We're in for an even scarier ride than the Fun Slide of the last few months.
     
    #21     Jan 24, 2009