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Author Topic: The results of Obamanomics  (Read 9812 times)
Grumps
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« Reply #100 on: June 06, 2011, 10:53:07 am »
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CARL, who are you supporting in the pub field so far?
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CARLHAYDEN
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« Reply #101 on: June 06, 2011, 03:16:21 pm »
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CARL, who are you supporting in the pub field so far?

The current field is not very good.

Here's my assessment of current field:

Cain, Herman            Good guy, but no experience in public elective office.               B+
Palin, Sarah               Lots of courage, which causes the liberal media to hate her.   B
Bachman, Michelle     Plenty of potential                                                                     B-
Santorum, Rick          Sound but as exciting as a mashed potato sandwich.              C+
Pawlenty, Tim            The best of the establishment republicans                               C
Paul, Ron                   A few months ago would have ranked higher.                         C-
Johnson, Gary            Nice guy, but hasn’t held office since before Santorum!          D+
Gingrich, Newt           Scumbag.                                                                                  D
Romney, Mitt              Worse than Newt!                                                                    D-
Huntsman, Jon           Obama in whiteface.                                                                 F


Hoping DeMint will enter the race.
« Last Edit: June 06, 2011, 03:30:48 pm by CARLHAYDEN »Logged

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CARLHAYDEN
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« Reply #102 on: June 06, 2011, 03:35:25 pm »
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True Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says

Monday, June 06, 2011

By Matt Cover
 
(CNSNews.com) – The Congressional Budget Office (CBO) says the real cost of the federal government guaranteeing the business of failed mortgage giants Fannie Mae and Freddie Mac is $317 billion -- not the $130 billion normally claimed by the Obama administration.

http://www.cnsnews.com/news/article/true-cost-fannie-freddie-bailouts-317-bi
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« Reply #103 on: June 07, 2011, 06:44:57 am »
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CARL, who are you supporting in the pub field so far?

The current field is not very good.

Here's my assessment of current field:

Cain, Herman            Good guy, but no experience in public elective office.               B+
Palin, Sarah               Lots of courage, which causes the liberal media to hate her.   B
Bachman, Michelle     Plenty of potential                                                                     B-
Santorum, Rick          Sound but as exciting as a mashed potato sandwich.              C+
Pawlenty, Tim            The best of the establishment republicans                               C
Paul, Ron                   A few months ago would have ranked higher.                         C-
Johnson, Gary            Nice guy, but hasn’t held office since before Santorum!          D+
Gingrich, Newt           Scumbag.                                                                                  D
Romney, Mitt              Worse than Newt!                                                                    D-
Huntsman, Jon           Obama in whiteface.                                                                 F


Hoping DeMint will enter the race.


Your list is almost completely upside down.

Sarah Palin disliked because of her courage?!  No she is disliked because she is as dumb as a brick.  You would really give this person the nuclear option?

Herman Cain?  I've heard this guy speak.  I can't tell which person would hand Obama more of a landslide victory him or Sarah Palin.

Michelle Bachmann?!  Obviously you've never seen video tape of this woman.  Talk about unstable.  She is a birther for crying out loud.

Rick Santorum?!  Just google Santorum.  The results aren't presidential.

A Huntsman Pawlenty ticket would be very worrisome.  That could take down the Pres.  Republicans will not take the White House if they chose to run a carnival act.  You need to run a candidate that can do a press conference without producing an hour long gaff reel.
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« Reply #104 on: June 08, 2011, 01:14:48 am »
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Well, CitizenX,first, its nice to see an Obama supporter openly being happy about rising food costs.

Second, don't know of any "greedy mistake" I supposedly made for Obama to fix.  I'll just put that down to your ignorance.

Bush starts a war and sends gas prices into the stratosphere.  


Thanks for bringing up the gas prices matter.

Here's a comparison:

5/302011     $3.794
1/19/2009      1.832

http://www.eia.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html

So, gasoline prices are more than double what they were under Bush.

Hmm.

I would normally call this the most intellectually dishonest thing ever posted on the forum except CARLHAYDEN has already given us this which is probably impossible to top:

It should also be noted that the special elections in the two California congressional districts this year have provided results far more favorable to Republicans (and less favorable to Democrats) than the 2010 Results:

District          Party                     % 2008 Vote          % 2009 Vote

32               Democrat                     99.99                      61.82
                   Republican                     0.00                      32.96
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« Reply #105 on: June 08, 2011, 02:56:46 am »
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Johnson, Gary            Nice guy, but hasn’t held office since before Santorum!          D+

Johnson was Governor until 2003, Santorum got his ass kicked off in landslide in 2006.

Get your fact straight or stop spamming.
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« Reply #106 on: June 08, 2011, 02:59:31 am »
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Johnson, Gary            Nice guy, but hasn’t held office since before Santorum!          D+

Johnson was Governor until 2003, Santorum got his ass kicked off in landslide in 2006.

Get your fact straight or stop spamming.

You really need to learn to read more carefully.

Santorum was in office through 2006, whereas Johnson left office in early 2003.

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CARLHAYDEN
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« Reply #107 on: June 08, 2011, 03:01:09 am »
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Summer job bummer: Teen unemployment 24 percent
By Bill Whitaker

The Labor Department says the unemployment rate for those aged 16 to 19 last month was more than 24 percent.

Read more: http://www.cbsnews.com/stories/2011/06/04/eveningnews/main20069017.shtml#ixzz1OfYKCSzM
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« Reply #108 on: June 08, 2011, 08:10:29 am »
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Summer job bummer: Teen unemployment 24 percent
By Bill Whitaker

The Labor Department says the unemployment rate for those aged 16 to 19 last month was more than 24 percent.

Read more: http://www.cbsnews.com/stories/2011/06/04/eveningnews/main20069017.shtml#ixzz1OfYKCSzM


Getting close to Spanish levels.
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« Reply #109 on: June 08, 2011, 10:23:57 am »
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Getting close to Spanish levels.

No reason it shouldn't.  Neo-liberalism dictates a dearth of demand and employment.
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« Reply #110 on: June 09, 2011, 07:45:50 am »
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New jobless claims unexpectedly rise

Thu Jun 9, 2011 8:37am EDT

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose by 1,000 last week, according to a report on Thursday that could stoke fears the labor market recovery has stalled

http://www.reuters.com/article/2011/06/09/us-usa-economy-jobless-idUSTRE7582SV20110609
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« Reply #111 on: June 09, 2011, 07:43:11 pm »
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Ohio restaurant referenced by Obama is closing

Associated Press - June 9, 2011 6:15 AM ET

TOLEDO, Ohio (AP) - An Ohio restaurant mentioned last week by President Barack Obama as an indirect beneficiary of the government's Chrysler bailout will go out of business Sunday after a more than 70-year

http://www.fox19.com/Global/story.asp?S=14872850
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CARLHAYDEN
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« Reply #112 on: June 10, 2011, 05:52:10 am »
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AEP to close plants, trim 600 jobs to comply with EPA rules

Published June 10th, 2011 | Added June 10th, 2011 4:18 am |

American Electric Power on Thursday announced it plans to shut down several coal-fired power plants, convert or retrofit others, and cut as many as 600 jobs in the next few years to comply with regulations proposed by the U.S. Environmental Protection Agency

http://www.timesnews.net/article.php?id=9032750
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CARLHAYDEN
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« Reply #113 on: June 10, 2011, 06:32:06 am »
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Political Connections

by Ronald Brownstein

Why millennials can’t start their careers and baby boomers can’t end theirs.

June 9, 2011

It’s hard to say this spring whether it’s more difficult for the class of 2011 to enter the labor force or for the class of 1967 to leave it.

http://www.nationaljournal.com/columns/political-connections/our-upside-down-workforce-20110609
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« Reply #114 on: June 10, 2011, 08:21:19 am »
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China to US: Forget debt ceiling, cut spending

Jun 6, 2011 13:49 EDT

http://blogs.reuters.com/james-pethokoukis/2011/06/06/china-to-us-forget-debt-ceiling-cut-spending/

Just a few years ago, who would have imagined a U.S. administration so fiscally irresponsible as to be lectured by the Communist government of China  to cut spending?
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« Reply #115 on: June 10, 2011, 09:47:04 am »
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I'm surprised you missed this bit of economic news, CARL, since it uses your favorite word when it comes to economic news: "unexpectedly".

U.S. Economy: Trade Gap Narrows as Exports Rise to Record
By Alex Kowalski - Jun 9, 2011 5:13 PM ET

http://www.bloomberg.com/news/2011-06-09/trade-deficit-in-u-s-unexpectedly-narrows-as-oil-auto-imports-decrease.html

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Record exports and lower oil purchases unexpectedly helped narrow the U.S. trade deficit, easing concern that the world’s largest economy is faltering.
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CARLHAYDEN
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« Reply #116 on: June 10, 2011, 07:27:05 pm »
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I'm surprised you missed this bit of economic news, CARL, since it uses your favorite word when it comes to economic news: "unexpectedly".

U.S. Economy: Trade Gap Narrows as Exports Rise to Record
By Alex Kowalski - Jun 9, 2011 5:13 PM ET

http://www.bloomberg.com/news/2011-06-09/trade-deficit-in-u-s-unexpectedly-narrows-as-oil-auto-imports-decrease.html

Quote
Record exports and lower oil purchases unexpectedly helped narrow the U.S. trade deficit, easing concern that the world’s largest economy is faltering.

We can always count on you to try to find some way to defend Obama.

The reason the balance of trade is narrowing is because the American dollar is being devalued and we cannot afford foreign goods.

Check the exchange rates.

If you think this is 'good' news, then you are really unable to comprehend basic economics!
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« Reply #117 on: June 10, 2011, 08:00:29 pm »
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I'm surprised you missed this bit of economic news, CARL, since it uses your favorite word when it comes to economic news: "unexpectedly".

U.S. Economy: Trade Gap Narrows as Exports Rise to Record
By Alex Kowalski - Jun 9, 2011 5:13 PM ET

http://www.bloomberg.com/news/2011-06-09/trade-deficit-in-u-s-unexpectedly-narrows-as-oil-auto-imports-decrease.html

Quote
Record exports and lower oil purchases unexpectedly helped narrow the U.S. trade deficit, easing concern that the world’s largest economy is faltering.

We can always count on you to try to find some way to defend Obama.

The reason the balance of trade is narrowing is because the American dollar is being devalued and we cannot afford foreign goods.

Check the exchange rates.

If you think this is 'good' news, then you are really unable to comprehend basic economics!

Actually its great news for exporters my friend.  China has been doing it for years.  Take a look at their economic progress relative to ours.

PS You might want to tone down your critique of other people's knowledge of basic economics.
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CARLHAYDEN
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« Reply #118 on: June 10, 2011, 08:10:45 pm »
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I'm surprised you missed this bit of economic news, CARL, since it uses your favorite word when it comes to economic news: "unexpectedly".

U.S. Economy: Trade Gap Narrows as Exports Rise to Record
By Alex Kowalski - Jun 9, 2011 5:13 PM ET

http://www.bloomberg.com/news/2011-06-09/trade-deficit-in-u-s-unexpectedly-narrows-as-oil-auto-imports-decrease.html

Quote
Record exports and lower oil purchases unexpectedly helped narrow the U.S. trade deficit, easing concern that the world’s largest economy is faltering.

We can always count on you to try to find some way to defend Obama.

The reason the balance of trade is narrowing is because the American dollar is being devalued and we cannot afford foreign goods.

Check the exchange rates.

If you think this is 'good' news, then you are really unable to comprehend basic economics!

Actually its great news for exporters my friend.  China has been doing it for years.  Take a look at their economic progress relative to ours.

PS You might want to tone down your critique of other people's knowledge of basic economics.

So, when the dollar further collapses, that will be 'good' news?
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CitizenX
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« Reply #119 on: June 10, 2011, 08:55:54 pm »
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I'm surprised you missed this bit of economic news, CARL, since it uses your favorite word when it comes to economic news: "unexpectedly".

U.S. Economy: Trade Gap Narrows as Exports Rise to Record
By Alex Kowalski - Jun 9, 2011 5:13 PM ET

http://www.bloomberg.com/news/2011-06-09/trade-deficit-in-u-s-unexpectedly-narrows-as-oil-auto-imports-decrease.html

Quote
Record exports and lower oil purchases unexpectedly helped narrow the U.S. trade deficit, easing concern that the world’s largest economy is faltering.

We can always count on you to try to find some way to defend Obama.

The reason the balance of trade is narrowing is because the American dollar is being devalued and we cannot afford foreign goods.

Check the exchange rates.

If you think this is 'good' news, then you are really unable to comprehend basic economics!

Actually its great news for exporters my friend.  China has been doing it for years.  Take a look at their economic progress relative to ours.

PS You might want to tone down your critique of other people's knowledge of basic economics.

So, when the dollar further collapses, that will be 'good' news?


There are pros and cons to every currency trade.  A currency appreciating or depreciating is not necessarily always a good thing or a bad thing.  We (especially the Republicans like Trump) have been yelling at China insistently to appreciate their currency.  They have held it artificially low to build their export economy.  If a "collapsed" currency is so bad why is China pushing theirs down on purpose?

If you read the financial press (ie Financial Times) the rest of the planet was kind of pissed at us about QE1 and QE2.  They knew it was going to depress the dollar and give our manufactures like Caterpillar an advantage.

The flipside is raw materials are more expensive if there is a weaker dollar.  So for some industries the weaker dollar is a boon.  For others its a wash, and for still others it could be detrimental.  The point is its complicated and the average person simply does not have the academic fire power to have an intelligent conversation about the nuances of international currency markets and their effects on macroeconomics.

That's why I say cherry picking numbers month to month and proclaiming an economic policy a failure or success is not how real economists play the game.  Are we in big trouble or are things about to get magically better?  Check back in a year when we have a trend and all the revised numbers are in and we'll chat.

This is really an unprecedented economic situation.  If I thought there was someone out there with better ideas running for president I would say go for it.  Watching Romney flip flop on healthcare is not very encouraging considering how much healthcare figures into our future expenditures.  His terrible call on the auto industry is equally concerning.

I don't want to hear ideology out of the Republicans.  I want to hear what they are going to do differently.  And if the answer is more tax cuts for millionaires and cutting the pay of teachers then I'm going to stick with Obama.
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« Reply #120 on: June 11, 2011, 10:23:41 am »
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We can always count on you to try to find some way to defend Obama.

With you around, I don't need to expend any effort on bashing Obama, since that is the only thing you do with Obama, sometimes with reason, but more often for items that are beyond any president's ability to do anything about.

Quote
The reason the balance of trade is narrowing is because the American dollar is being devalued and we cannot afford foreign goods.

Check the exchange rates.

If you think this is 'good' news, then you are really unable to comprehend basic economics!

The American dollar has been consistently overvalued for a long time now and contributes to our economic problems.  While the good side of having the world's standard currency has been that it has kept our interest rates lower than they otherwise would have been, the bad side is the overvaluing of the dollar, making imports less expensive and our exports more expensive.  That would be a good thing if we were anywhere near full employment, but we aren't and we likely won't be for at least several more years.
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« Reply #121 on: June 13, 2011, 10:41:42 am »
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We can always count on you to try to find some way to defend Obama.

With you around, I don't need to expend any effort on bashing Obama, since that is the only thing you do with Obama, sometimes with reason, but more often for items that are beyond any president's ability to do anything about.

Quote
The reason the balance of trade is narrowing is because the American dollar is being devalued and we cannot afford foreign goods.

Check the exchange rates.

If you think this is 'good' news, then you are really unable to comprehend basic economics!

The American dollar has been consistently overvalued for a long time now and contributes to our economic problems.  While the good side of having the world's standard currency has been that it has kept our interest rates lower than they otherwise would have been, the bad side is the overvaluing of the dollar, making imports less expensive and our exports more expensive.  That would be a good thing if we were anywhere near full employment, but we aren't and we likely won't be for at least several more years.

Its nice to see you admit that you want the dollar devalued. 

In your strange world, we will be so much better off when it reaches the level of the currency of Zimbawbwee.

Oh, and I note that you keep telling the same lie.  You would have us believe that your obamamessiah is just some helpless fool who is subject to events outside his control.  You purposively ignore the policies he has implemented which are making things worse! 

Is closing down coal powered electric energy plants something 'beyond his control,'  or part of his policy to drive up energy prices?

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« Reply #122 on: June 13, 2011, 12:52:41 pm »
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Its nice to see you admit that you want the dollar devalued. 

In your strange world, we will be so much better off when it reaches the level of the currency of Zimbawbwee.

The better example of a country with an undervalued currency would be China, C.H.

Besides, surely you don't want endless appreciation of the dollar now do you?  Maybe 10 Euro to the dollar, or 500 Yen?  Higher isn't always better.
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« Reply #123 on: June 13, 2011, 02:25:13 pm »
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We can always count on you to try to find some way to defend Obama.

With you around, I don't need to expend any effort on bashing Obama, since that is the only thing you do with Obama, sometimes with reason, but more often for items that are beyond any president's ability to do anything about.

Quote
The reason the balance of trade is narrowing is because the American dollar is being devalued and we cannot afford foreign goods.

Check the exchange rates.

If you think this is 'good' news, then you are really unable to comprehend basic economics!

The American dollar has been consistently overvalued for a long time now and contributes to our economic problems.  While the good side of having the world's standard currency has been that it has kept our interest rates lower than they otherwise would have been, the bad side is the overvaluing of the dollar, making imports less expensive and our exports more expensive.  That would be a good thing if we were anywhere near full employment, but we aren't and we likely won't be for at least several more years.

Its nice to see you admit that you want the dollar devalued.  

In your strange world, we will be so much better off when it reaches the level of the currency of Zimbawbwee.

Oh, and I note that you keep telling the same lie.  You would have us believe that your obamamessiah is just some helpless fool who is subject to events outside his control.  You purposively ignore the policies he has implemented which are making things worse!  

Is closing down coal powered electric energy plants something 'beyond his control,'  or part of his policy to drive up energy prices?



Carl, Carl, Carl... What are we going to do with you.  You literally have no idea what you are talking about when it comes to economics.

Your exaggerations are ridiculous.  China is actively devaluing their currency.  They're on track to have a larger economy than us in a few decades.  Their devaluation is hardly turning them into Zimbabwe.  I want to ask you the same thing Katie Couric asked Sarah Palin... What do you read?!

The world of international finance is too complicated for you.  Please find another topic to pontificate on.

Shutting down coal plants, really?  The largest and most unorthodox financial maneuvers that have weighed the US dollar down recently are QE1 and QE2.  Obama certainly didn't have anything to do with that.  That was done by the Republican appointed head of the federal reserve.

Germany has formally announced that it is eliminating 30% of its current power generation.  Check out what that even more aggressive energy policy is doing to their economy.  Your nonsensical  hyperbole tells me that you don't know what you're talking about and that you get your news  from Glenn Beck and Rush Limbaugh
« Last Edit: June 13, 2011, 03:22:12 pm by CitizenX »Logged

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« Reply #124 on: June 13, 2011, 08:42:08 pm »
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CitizenX,

Is yours an act?

Do you really believe that if we continue to devalue the currency we will be on the road to prosperity?

Apparently the world of reality is too complicated for you. 

Too bad you seem to have trouble reading, as I posted the information (including link) on the EPA regulations which are causing the shut-down of coal fired electric generating plants on this thread!  But perhaps, you believe that the less electric power we have, the better.

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