In April Treasury Secretary Geithner sidestepped an official declaration that China is manipulating its currency by acknowledging that China "pegs" its currency and that this is harming the world-s economy, but put off a formal declaration of currency manipulation. more »
The Billionaires for Wealthcare thanked Senator Mitch McConnell for his outstanding obstructionism by showering him with real cash. Anticipating his 'no' vote on health care reform, the Billionaires offered him an advance on contributions from Big Insurance. more »
The other day I wrote about how the dollar is falling - but not against the Chinese Yuan. A falling, or "weak" dollar is great for American manufacturers, and therefore American jobs, because it makes American goods cost less everywhere else. more »
Conservatives are blasting President Obama, saying he is causing a "weak" dollar. The Drudge Report has a headline or a story pretty much every day blasting this message out. Republican e-mails warn that the dollar is "collapsing" under Obama. Blogs and talk show hosts declare that civilization will cease, urging listeners to buy as much gold as they can. more »
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