She might be onto something here, politically and economically. A recent Rasmussen poll, for instance, found that 88 percent of Americans say the dollar should remain the dominant global currency. Now, the average voter may not fully understand the subtleties of international finance nor appreciate exactly how a dominant dollar has benefited the U.S. economy. But they sure think a weaker dollar is a sign of a weaker America.(...)
But Krugman too easily dismisses the idea that the dollar’s decline could tumble out of control. Former Clinton economic officials such as Robert Rubin and Roger Altman have been making the case that investor concern about budget deficits could lead them to abandon the dollar. As Altman argued in a Financial Times op-ed piece today: “The dismal deficit outlook poses a huge longer-term threat.(...)
Now many Democrats and liberals, like Krugman, don’t want to hear such talk, fearing a rerun of the Clinton era when the progressive policy agenda was sacrificed on the altar of budgetary rectitude.Interesting! Don'tcha think? It makes me wonder who else is opening their eyes concerning the state of the American Dollar, the problems with Debt and the fact that many who only watch MSM only only hearing bits and peices of the missile issues and nuclear problems around the world in which even our Military is asking for help and the Liberals are looking around with doubt in their eyes due to what is going on in the White House.
If people's opinions are changing, just due to a FaceBook entry by what they thought was a quitter yet did get quite a bit done for her state.... how do they feel about what is going on with someone who isn't doing anything? I can see a shifting, and it isn't looking to good for a certain corner.
