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Bush calls for end to dollar's slide - Jun. 10, 2008 (broken link)
Uh...I thought Bush was all about laissez-faire and limited gubmint intervention? Foreign exchange "controls"? That's a liberal policy. Then again, why doesn't it surprise me that a RINO wouldn't embrace big daddy gubmint intervention?
I don't think traders will care what kind of limitations are imposed. In the end, even big bad gubmint is powerless to stop the free market from eventually working.
Just a finger into the dyke to hold back the floodwaters until after November when the water bursts through.
Bush has Spoken - Our currency is doomed. But it has been all along since we switched to a financial economy and a borrow and spend mentality.
"We don't need production. We're better than that. The Chinese will just make stuff for us now and forever"
These are the ill-spoken words that have doomed our economy.
I'd like to see Bush and Paulson put in currency controls. The dollar will fall even further as traders would smell blood and sell their US securities, plus what sane investor would buy additional American debt with such tight controls?
I heard this same report this morning and I was completely confused, I'm not very knowledgable about how the economy works, but I do understand some basics, I have always figured that one of the main principles was that the market would always figure a way to work it out without the government intervening, this seems a little unnatural to me.
Bush calls for end to dollar's slide - Jun. 10, 2008 (broken link)
Uh...I thought Bush was all about laissez-faire and limited gubmint intervention? Foreign exchange "controls"? That's a liberal policy. Then again, why doesn't it surprise me that a RINO wouldn't embrace big daddy gubmint intervention?
I don't think traders will care what kind of limitations are imposed. In the end, even big bad gubmint is powerless to stop the free market from eventually working.
Just a finger into the dyke to hold back the floodwaters until after November when the water bursts through.
No more big government (except when he wants to invent a whole other branch of secret service instead of coordinating the ones he already had), no more taxes (except for the military industrial complex), laissez faire market place (unless its a technology threatening big oil), laissez faire trickle down economics (unless he's gone too far with credit card policies)... is he a flip flopper?
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