[myknowledge]

Again, BHO DOES NOT deserve the Nobel Peace Prize. Call it the Nobel False Peace Prize as the U.S. dollar continues to wane.

[Republic of Texas]

"One way or another, the US must cut its spending. And that implies a shrunken US ability to deliver on just about all of Obama's ambitions."

One way or another? Just cut spending. Period. Want prosperity? End socialism.

[celtic gal]

I have been wondering, could it just be the goal of the Dear Leader to work to ensure the collapse of the dollar so that the One World Global goons could find a way to have One World Govt and a One World Currency? Am I late to the party with this?

[GeronL]

And the party of Sarah Palin and George Bush, of course, was responsible for the deterioration in the US budget over the preceding eight years. Bush's vice-president, Dick Cheney, once argued that "deficits don't matter".

Obama is quadrupling the deficit, but lets include an attack on Sarah Palin. As if Sarah had one thing to do with the federal government.

[HiTech RedNeck]

Bush's vice-president, Dick Cheney, once argued that "deficits don't matter".

Obama: "Deficit? I'll show you what a deficit is!"

[Jhoffa_]

[HiTech RedNeck]

IMHO, the most off the wall Peace Prize is not this one but the one Al Gore got for his popularization of Global Warmism Panic. At least Obama gave lip service to international peace; Gore didn’t even do that. The Science division of the Nobel folks must have laughed their arses off at this.

[dr_lew]

The euro drifted steadily high against the dollar, almost to $1.60 in summer '08, and then bottomed out at $1.25 early this year. Now it's back up to $1.48, so it doesn't look good the way it's trending, but it hasn't broken new ground as yet.

[Proud_USA_Republican]

Lobbyists and the democrat leaders played this socialist fool like a frickin violin.
Trillions in new pork and destroying the US dollar too. It was like their wet dream power grab.

[element92]

part of the problem with the dollar
is that interest rates are near zero, with that said.

Bush policies are the problem, not President Peaceful’s.

2 wars that Bush did not end.
Bush dereliction of duty —> the sub-prime mortgage disaster.
Bush dereliction of duty —> other Wall Street disasters
.................................

if Bush did anything to help out during the
4 buck gasoline era, please enlighten me.

[snowsislander]

The national debt is projected to hit 85 per cent of the value of the total US economy in 10 years from now.

Our total public debt is at $11,927,435,900,948.90 as of October 6, 2009, and our most recent annualized GDP number was 14.152 trillion dollars, so that ratio is already 84% today.

Worse, the total public debt has shot up an incredible $1,300,558,852,035.82 in the 9 months since the Kenyan Clown's inauguration --- and almost all of that increase has been in the debt held by the public (intragovernmental holdings have "only" grown by $100 billion.) At that pace, and assuming that GDP continues its current movements (edging down, for the most part), then the total public debt will be larger than the GDP before the end of 2011.

[screaminsunshine]

I am glad I bought a bunch of old silver US half dollars a while back.

[DeaconRed]

BO=NO BELL WINNER

[ripley]

Congratulations to all the Independants who elected this bunch of psychotic adolescent punks.

If you all thought you were brilliant when you voted for Democrat slugs, just think of how brilliant you’ll have to be to figure out how to repair what they will damage.

Congratulations to all of you.

/S/

IMHO

[Red in Blue PA]

Obama, Hitler, Stalin: Who are 3 people nominated for the Nobel Peace Prize.

[GBA]

And the party of Sarah Palin and George Bush, of course, was responsible for the deterioration in the US budget over the preceding eight years.

A not so subtle nudge to link Sarah Palin with the GW Bush brand of republican.

But, the author does highlight one of the reasons I utterly despise the latest versions of the republican party since Reagan.

Fiscal responsibility, low taxes and responsible government should be what we attribute to the Republican party.

Instead, the author can get away with saying the republicans (Bush and the rest) are "responsible for the deterioration in the US budget over the preceding eight years." Perhaps not 100% accurate, but close enough.

I hope the attempt to link Sarah Palin to this mess won't stick. She has enough guilt by association she's not responsible for to overcome.