Huckabee follies
Pat Buchanan discusses the implications of the sinking economy.
A sinking dollar means a poorer nation, and a sinking currency has historically been the mark of a sinking country. And a superpower with a sinking currency is a contradiction in terms.
U.S. foreign aid does not go as far as it did. And there is an element of comedy in seeing the United States going to Beijing to borrow dollars, thus putting our children deeper in debt, to send still more foreign aid to African despots who routinely vote the Chinese line at the United Nations.
Nor is there any end in sight to the sinking of the dollar. For, as foreigners demand more dollars for the oil and goods they sell us, the trade deficit will not fall. And as the U.S. government prints more and more dollars to cover the budget deficits that stretch out — with the coming retirement of the baby boomers — all the way to the horizon, the value of the dollar will fall. And as Ben Bernanke at the Fed tries to keep interest rates low, to keep the U.S. economy from sputtering out in the credit crunch, the value of the dollar will fall.
http://www.creators.com/opinion/pat-buchanan.html?columnsName=pbu
Sen. Joe Biden nails Rudy Giuliani during Tuesday’s MSNBC debate: “And the irony is, Rudy Giuliani, probably the most underqualified man since George Bush to seek the presidency, is here talking about any of the people here. Rudy Giuliani… I mean, think about it! Rudy Giuliani. There’s only three things he mentions in a sentence — a noun, a verb, and 9/11. There’s nothing else! There’s nothing else! And I mean this sincerely. He’s genuinely not qualified to be president.”