Obama Euro
Obama selling false hope and false dreams
By Felicia Benamon
web posted February 25, 2008
It used to be that the average American voter had a pretty good head on their shoulders. Not so much anymore. Too many Americans are allowing the likes of Barack Obama to sway them into thinking that they will be rescued from their current situation should he win the presidency. They cannot see through the hype.
Has anyone bothered to take a look at what Obama stands for? What are his real views and plans for America?
It has been disclosed that Barack Obama is sponsoring a bill in the Senate called the Global Poverty Act, (S. 2433) that would cost the US billions. Think more and more taxes, courtesy of the US taxpayers to help the world! The UN would have a say in how US tax dollars are spent. Cliff Kincaid of AIM.org writes:
The US has been and is involved with helping nations around the world. We give the most aid and manpower (troops and civilian aid) to causes than any other country in the world. I’ve said it before; anything with the word "global" attached to it, beware! This bill will overextend the US and the UN will have greater control over what the US does. Sickening thought! The US is sovereign!
There are people right here in our own nation who are struggling in the downturn of the economy and people have lost jobs. Mr. Obama, why don’t you try telling taxpayers that you plan on using their money to care for the rest of the world when the taxpayers are struggling themselves?!
I have to question where Obama is really willing to take the US. Does he realize we must start right here in America to fix the many problems on our table? America should not strain and stretch itself to make sure the world has what it needs. With the value of the dollar below the Euro, and even Canada’s Dollar, the US is in need of a strong leader who will place the US first and foremost above all other worldly concerns. The welfare of other nations comes last at this point and time.
Where is Barack Obama’s loyalty to this country, a wonderful American nation? Is his loyalty more towards Africa? That seems to be the case as the church Obama attends claims loyalty to the "mother continent," Africa. The congregation of Trinity United Church of Christ claims to be "an African people" who are "true to their native land." At the church, heavy emphasis is placed on African studies.
Will Africa take precedence over America should Barack Obama become president? Barack Obama has been shown standing with his hands resting in front of him instead of over his heart as the National Anthem played. Now surfaces the questionable statement by his wife stating how proud she is of this nation for the first time:
Michelle Obama’s attitude of being proud of America in terms of her husband having "done well" and that folks want "change" is disturbing. She didn’t mention the greatness of America in the context of all the US has done for the world and for mankind. To me, it was a selfish remark. Barack and Michelle Obama do not represent me, nor any other American who wants to make sure that his/her country, stays intact. Perhaps Barack and Michelle Obama would like to indulge a bit more in American studies…to really get a sense of how great this nation has become despite our current challenges. The two of them want change alright, but change not necessarily for the better.
Yet still, crowds fall apart, people reduced to tears at Obama’s rallies. No doubt there are some who profess to be Christians who are part of those crowds. They are getting sucked into Obama’s talk of "hope". No politician can heal your wounds; no politician can offer you "hope." WAKE UP!! Only Jesus Christ can offer hope in this dismal world!
How has this nation gotten so far off the beaten path? We used to employ common sense and good sound judgment. Now we are running headstrong over someone who is full of fancy talk, but offers nothing containing substance.
And yes, scrutinizing politicians and combing over their record is something a voter should consider doing. The candidates running for president are within a hair of leading this nation, and as one can see from Barack Obama’s stealth plans for another tax on Americans, we’d better make sure that we send the right people to do the job.
Felicia Benamon is conservative writer, blogger, and activist. She writes for various conservative sites including TheRant.us, Michnews.com, Capitolhillcoffeehouse.com, and TheConservativeVoice.com.
Tags: euro, obama
Tuesday 26 Feb 2008 | admin | Uncategorized
It is naive to think that the value of the dollar is the only reason behind Venezuala’s and Iran’s desire to dump the greenback.
You think the Federal Reserve has the ability to float the banks? In doing so miraculously creating the liquidity? Bear Stearns gets their 28 days, maybe some others too but do you think everyone else is going to get a bailout? What about the banks that aren’t American? Who’ll float them?
Can anyone tell me what would happen were the United States Government were to begin to reserve large ammounts of foreign currency, the Euro as an example perhaps?Now, I’m no expert on the economy, I know quite little when it comes to complicated economic matters, this was just a thought spawned by a slew of articles I have recently read and I am curious what the outcome of such an action may be.
Kuwait depegged it’s currency and others are thinking about it. As dollar falls more and more, other countries will move away from it. China has 1.5 trillion in reserve, do you think they are happy watching their cash going up in smoke?
No, Venezuelan.
I don’t exactly understand your leverage theory. What I do know is that at some point this credit crisis will start spilling over into other markets. Once that gets into full swing then no market is safe. At that point where do you think investors are going to want to have their money? Most likely in the US.
Does this mean the US will now invade Venezuela?
No. More likely because of Chavez and FARC.Still. Don’t let facts let in the way of your knee-jerk hostility to the US.
Yes, they know that the dollar might collapse soon. Also why would they tie themselves to a currency that is backed by a hostile country?
Well there are many ways it could be done. Perhaps you would entertain a few different possibilities?Perhaps buy Euros with U.S. Dollars which were printed expressly for the purpose.Another option perhaps being with goods as Kokey suggests.
Because it makes things much easier for potential buyers who, when they are shopping around, don’t have to convert exchange rates each time.Besides I don’t think J.P. Morgan or Goldman Sachs or HSBC or Citibank or USB sell futures or options on the Venezuelan Bolivar making it much more troublesome for potential buyers who want to hedge their currency risk. They’re much happier when the seller has to absorb that risk.