Comments on: NYT Sobs: Stronger Dollar Hurts The World

By: proreason

proreason — Tue, 10 Mar 2009 15:06:11 +0000

The collapse of Europe could throw the world into a new Great Depression.

But hey, there’s no better time than now to raise taxes, implement cap and trade, and nationalize Health Care!

Call it the Obamahoma Communist Land Rush.

By: 12 Gauge Rage

12 Gauge Rage — Tue, 10 Mar 2009 13:14:35 +0000

Europeans are losing confidence in the Euro and now buying dollars. I’m firmly convinced that Europe is teetering on the financial precipice of doom more than our country. But they have no one to blame but themselves. Their cradle to grave welfare society is being shouldered by the heavily taxed few to sustain the more numerous non-productive population. As the working tax paying few begin to age and die, there will be less to contribute to an out of control welfare society.

By: canary

canary — Tue, 10 Mar 2009 10:04:45 +0000

I think Oboombo should take his family over to Kenyan while they still can. So, they can see and learn about their roots, and how great it is to live in America.

By: crosspatch

crosspatch — Tue, 10 Mar 2009 04:25:57 +0000

Oh, and does this sound somewhat familiar?

Hungarian Prime Minister Ferenc Gyurcsany’s inconsistent policies have made the problem worse.

Regardless of the IMF’s warning made late last year, the Hungarian government used the financial bailout it received from abroad to make up for losses in its railroad operations and to raise pension and salaries for public servants.

By: crosspatch

crosspatch — Tue, 10 Mar 2009 04:23:11 +0000

While they seemed to get the numbers right, I think they got the mechanism wrong. It isn't so much a flight to the US as it is a massive evacuation of capital from Europe by everyone on the planet. "American investors are ditching foreign ventures and bringing their dollars home" isn't what is happening. What is happening is that everyone globally is ditching Europe and moving their money to the US. The problem is the worst in Eastern Europe. Here is an example of what is going on in Hungary. And it is being repeated in other Eastern European countries. Europe is organizing (or trying to organize) ways to fight capital flight. The citizens of Europe are ditching European ventures and buying dollars too.

By: Gila Monster

Gila Monster — Tue, 10 Mar 2009 03:03:24 +0000

Of course the real shock of this New York Times article is that they called the Brookings Institution [sic] a “liberal-leaning research organization.”

Surely that has to be a typo, right? The Slimes calling a spade a spade?
I think I just fouled my monitor with a favorite beverage.