…. as if they never happened before. It seems again Obama can do nothing right. HOWEVER… check out Barry Ritholtz and his history of the decline of the dollar. Under Reagan/Bush I, from 1985 to 1992, the dollar dropped 58%. Compare that with 2001-2008 under Bush II and a drop of 41%. NOW check out the current decline of 14% and get real!! While the decline in a couple of years may be bad, it is also in the context of the worst recession in 70 years, not the much less severe ones the prior Presidents had to deal with.
While they all scream about the dollar declines….
By Kathy H, on April 29, 2011 at 5:51 pm, under economics, opinion, politics, Uncategorized. No Comments