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| Gasoline Prices Are Not Rising, the Dollar Is Falling | |
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| Tweet Topic Started: Feb 24 2012, 09:39 AM (866 Views) | |
| Mountainrivers | Feb 24 2012, 11:25 PM Post #11 |
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Fire & Ice Senior Diplomat
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Yes, but they might very well have saved the dollar from further devaluation. We'll never know. |
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| Chris | Feb 25 2012, 05:40 AM Post #12 |
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Fire & Ice Senior Diplomat
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At what cost? Here's another explanation, somewhat humorous, that gets into some of the costs of inflating money... Gasoline Prices and Dollar Prices
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| Mountainrivers | Feb 25 2012, 05:45 AM Post #13 |
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Fire & Ice Senior Diplomat
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"At what cost?" Well, if we don't know what might have happened, the cost seems irrelevant because it could have been much more. Our auto industry survived, our banks survived. If they had failed, the possible losses could have been staggering. 780 billion seems to me to be a relatively small cost to save the economy. |
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| Chris | Feb 25 2012, 05:50 AM Post #14 |
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Fire & Ice Senior Diplomat
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But we do know what it cost. We're in debt up to our eyeballs. Who's going to pay for that? Or do you just assume the government bubble will burst? |
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| Mountainrivers | Feb 25 2012, 06:36 AM Post #15 |
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Fire & Ice Senior Diplomat
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Well, when faced with bad or worse choices, I suppose you have to choose. Obama chose to do something rather than do nothing. It might turn out to be disastrous, but it might turn out great. We will just have to wait and see. I don't understand people who are complaining before the verdict is in. |
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| Chris | Feb 25 2012, 07:01 AM Post #16 |
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Fire & Ice Senior Diplomat
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IOW, he was choosing from ignorance? Sometimes doing nothing is better than doing something. |
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| Jim Miller | Feb 25 2012, 07:15 AM Post #17 |
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Fire & Ice Senior Diplomat
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Yup. |
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