>>In an interview with Fox News, the president said: "It is important to recognize if we keep on adding to the deficit, even in the midst of this recovery, that at some point people could lose confidence in the US economy in a double-dip recession." Maybe he didn't mean it. Or was merely nodding to Chinese leaders, our leading creditor, who had scolded him for profligate spending.<<
Oh,well, he and Timmy and a few others at cabinet level say things like this because they hope that if they say such things they can cheapen the dollar without it collapsing and get a couple years break on having to sell ever more government bonds--long terms ones, they hope, in order to lock in 0% interest rates for debtors. I don't think HISTORY is going to be so kind to this manisfestation of hope (wishful thinking). Imperialists shouldn't wish, they should just drop bombs and get on with running the world. I suppose the Congress will get around to drafting an 'ally tax' and try to get Europe and E. Asia to pay for the 'wars' soon. CJ _______________________________________________ Marxism-Thaxis mailing list Marxism-Thaxis@lists.econ.utah.edu To change your options or unsubscribe go to: http://lists.econ.utah.edu/mailman/listinfo/marxism-thaxis
