Re: The Greatest President
"If you think that International transaction in € won't effect US economy then you need to go back and take economics 101 from Borough of Manhattan Community College."
Yer a nitwit. It's called hedging. Any large multinational corporation, government, bank or airline could call up and hedge a billion dollars against the Euro and have the transaction done within a minute. Don't forget that the dollar drop, as it is doing now makes oil more expensive, but it makes US goods far more competitive, and crucifies the Europeans and the Japanese. Germanys 12% unemployment is far more important than the pricing of Oil in one currency or another. The magic of derivative liquidity and efficient transactions makes your grand plan for disaster rather moot.
From an economic standpoint everything that should have be done to stimulate the economy has been done. Bush avoided a rather unpleasant economic whiplash. And while we are at it, perhaps we should stop worrying about who the best president is, and figure out who the best Federal Reserve Chief is!. I say Voelker sucked, and that in the end may be more important than the president.