“a shame our government has so completely screwed us (citizens) with regard to our currency, trade, and fiscal policy.”
It was bipartisan. A trade. All for the financial industries getting the chance to provide services in foreign countries, Bush gets to temproarily hide the effect of his tax deferrment, a.k.a., “tax cuts”.
I see only lately Bush is pretty much alone saying his tax deferments “grew” the economy. Of course, he is of the mentality that a domestic wage deflation policy that hurts workers, dumps costs on tax payers, but juices short term profits for the few at the top, he calls that “growth.”
I can’t wait to see he and his cabal of mediocrities out of office.
What’s your opinion on what President Nixon did in the 70’s? Remember his month-long trip where he visited many foreign nations?
Wasn’t he setting us up way back then? He promised those nations that we would send them our manufacturing and in turn we would buy all that “junk” back from them. (China, Korea, Japan, etc.)
I believe it was his attempt to “raise all boats” but it seems to have come back to bite us. I’m not bashing Nixon, I’m just asking, because I’m not much of a student when it comes to World Economics. Did that have anything to do with weakening our dollar over the years?
However...my portfolio has gotten quite a bit fatter under President Bush, and my silver holdings are doing well. Maybe I’ve just been lucky? (The harder I work, the luckier I get!) :)