Sunday, July 02, 2006

SPIIDERWEB™ Is An Equal Opportunistic Basher


Of course there's also a bash of Bushco. I'd be remiss to neglect those folks.

Check this out.
The main villain here is Robert “strong dollar” Rubin. He was the one who initiated the high dollar policy back in the mid-nineties. Politically, this is great policy. It allows for substantial short-term gains (low inflation and higher living standards for those protected from import competition), at a cost of substantial long-term pain. Bush of course is complicit in this high dollar policy, since he did not move aggressively to bring the dollar down to a sustainable level.


Anyhow, we will pay a large price, possibly in the near future, for this short-sighted high dollar policy. But, the fault here lies primarily with Rubin and Clinton, not the current occupant of the White House.

The point here is the dollar is not as stable as Americans would believe. Overnight the dollar could drop in value by half. Can you still make your mortgage and car payments? Just asking.

This is what's possible when government isn't run right. And Bushco isn't running government right at all. Could someone like Clinton correct this situation? I'm not sure, but I'm sure Bushco can't.

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