Re: Even the Thai baht is stronger than Bush's Dollar

Ron wrote:
On Fri, 25 Apr 2008 07:59:38 -0400, "George Z. Bush"
<georgezbush@xxxxxxxxxxxxxxxxxx> wrote:

Ron wrote:
On Thu, 24 Apr 2008 07:34:02 -0400, Gary <not@xxxxxxxx> wrote:


Unfortunately Bush's dollar is also OUR dollar. -- gj

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Excerpt ---

http://www.lewrockwell.com/roberts/roberts245.html

"....Then there are the economic costs to the US. Nobel economist
Joseph Stiglitz estimates the full cost of the invasion and attempted
occupation of Iraq to be between $3 trillion and $5 trillion. The
dollar price of oil and gasoline have tripled, and the dollar has lost
value against other currencies, declining dramatically even against
the lowly Thai baht. Before Bush launched his wars of aggression, one
US dollar was worth 45 baht. Today the dollar is only worth 30 baht.

The US cannot afford these costs. Prior to his resignation last month,
US Comptroller General David Walker reported that the accumulated
unfunded liabilities of the US government total $53 trillion dollars.
The US government cannot cover these liabilities. The Bush Regime even
has to borrow the money from foreigners to pay for its wars in Iraq
and Afghanistan. There is no more certain way to bankrupt the country
and dethrone the dollar as world reserve currency....."


Actually it isn't Bush's dollar, it's Congress's dollar. The Congress
is the only branch of the government that can borrow money, spend
money, or approve the spending of money. And, by the way, the
Congress has been in the control of the Democrats since before the
dollar took a dive.

I don't buy that turkey.....Clinton handed Bush a surplus to work with,
at
which point the dollar was as strong as it ever was in the international
financial community. What Bush did with it (and our economy) in the
subsequent years of his tenure reflected financial policy that was viewed
as
a failed one by that community.

In any event, trying to convince us that the "knee jerk"
Republican-controlled Congress that Bush manipulated and controlled for
the
first six years of his tenure was somehow independent of his desires (and
instructions) is insulting to our intelligence. IAC, claiming that the
Democrats have controlled Congress since 2006 is belied by the fact that
they don't have enough votes to override a veto without Republican help,
which has been noted more by its absence than its appearance. As a
result,
they're unable to control Congress in spite of their ability to generate
majority votes; control only comes when they can produce veto-proof
votes,
which they haven't been able to do. So, as a practical matter, Bush
still
controls the Congress at least to the extent that if he can't make them
do
something he wants to see them do, he sure as hell can stop them from
doing
something he doesn't want them to do. All he needs to do is to convey to
his Republican congresscritters his desires on any bill on their floor
and
they can and do make it happen for him.

You Repugs can't pass the buck on everything. Sooner or later, you're
going
to have to accept responsibility for the things that you do and don't do.
Blaming the Congress for the failure of the administration's economic
policy
is putting the finger on the wrong culprit who, unwilling as he always
is,
needs to step up and take the rap for his own failures and for once stop
trying to pass the buck. Anyway, when all's said and done, what people
will
remember when they realize that they can no longer afford to travel
outside
the country because of the dollar's weakness will be that it happened on
Bush's watch and that he wasn't able to keep it from happening. That
buck
he's never going to be able to pass on to someone else.

George Z.


Well, if you really read my response you can see I wasn't passing the
buck. I was merely stating facts. The president (regardless of
party) does not control spending. Congress does.

Your facts are my bucks being passed, and I consider what you claim to be
facts to be a very naive view of reality. However, you're entitled and far
be it for me to try to enlighten you. At least I can tell myself that I
tried.

George Z.

Ron


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