John Edwards had a cow over this one, but some former Reagan advisors see some similarities.
John Edwards had a cow over this one, but some former Reagan advisors see some similarities.
Steve Forbes has been saying this for years. The Bush administration’s failure to aggressively support the dollar has created serious economic problems.
The dumbest, most destructive economic policy of the Bush Administration has been its weak-dollar position–letting the dollar slide in value against the euro, the yen, the pound and gold. The repeatedly disproved theory in operation here is that cheapening your currency will improve your trade balance and that an improved trade balance makes your economy stronger and wealthier. Put aside the meaninglessness of the trade balance as a measure of economic health or sickness–the U.S., after all, has had a trade deficit with the rest of the world for 350 years out of the last 400. A weak-currency policy has disastrous economic and political consequences–most immediately, our tumultuous equity markets.
The entire article is worth reading. He even acknowledges that Clinton deserves credit for his strong-dollar policy.
The GOP race is still wide open. So much for McCain running away with it.
Money quote from Andrew Sullivan:
If Romney retools his campaign and presents himself as a moderate businessman able to bring better management to Washington, he finally has a message that could work. Of course, it’s just the latest poll-tested cynical ploy. But it’s working for Clinton! And she and Romney have one thing in common: two focus-grouped cynical dynastic holograms.
I need a drink.
Guiliani must be happy tonight, but I still think he’s toast. He’s pitching his tax cuts hard, as his “scare the shit out of everyone strategy of constantly mentioning 9/11” hasn’t worked. I’ll be surprised if he makes a comeback, but nothing should surprise us on the GOP side.
If it comes down to Romney, Huckabee and McCain, I think Romney has a real chance. That’s good news for Democrats, as Romney will get crushed in the general. McCain and Giuliani are the only GOP candidates that have a chance in the general.
The happiest guy tonight should be Michael Bloomberg. Hillary is still the favorite, and McCain took a real hit tonight. If Hillary and anyone other than McCain are the nominees, Bloomberg has a real chance to win if he enters the race.
Thus far, most of Huckabee’s rhetoric on religion has seemed pretty harmless. Now that he’s appealing to Christian voters in South Carolina, he’s starting to sound a little more dangerous:
“[Some of my opponents] do not want to change the Constitution, but I believe it’s a lot easier to change the constitution than it would be to change the word of the living God, and that’s what we need to do is to amend the Constitution so it’s in God’s standards rather than try to change God’s standards,” Huckabee said, referring to the need for a constitutional human life amendment and an amendment defining marriage as between a man and a woman.
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