I guess the Obama "Magical Misery Tour" by bus is meant to fix those sagging ratings by touting MORE spending. I doubt it will help at all since only 24% approve of Obama's handling on the runaway US federal budget deficit, when he rolls out his new "EXPENSIVE" stimulus plan, he's only going to make that much worse. Since the first one failed to make hardly any inroads into unemployment, I'm sure the second one will go over like a fart in Church.
We have to spend out way out. This is common sense. You must spend money during recessions and down economies. We haven't spent enough.
You realize if we spend much more, the world bank may change the world's reserve currency to something else than the dollar? Right? Can you name me a single country with links who has ever spent their way out of a recession? Japan maybe? Even the idiot Europeans know that.
So write them a check so they can spend more. Of YOUR money for once. Are you really believe this (*)(*)(*)(*) ?
You have no idea what the world currency standard is do you. Right now it's the U.S. Dollar, if it changes to the Yen or the Euro, watch and see the chaos that happens. If this happens, the downgrading of the credit will seem like baby poop in comparison.
Yeah (*)(*)(*)(*)ing right. What are they going to change it to? The Euro? Don't make me laugh! There isn't a country on Earth that's an economic safe haven right now. Even China is starting to have it's problems.
Bill, go back and read my previous post, especially the quote "Germany calls for EU balanced budgets". If the EU balances it's countries debts with hard austerity measures while we are still mired up to the moon in debt with NO hard austerity measures, there is a very good chance that it will happen.
