Quote:
Originally Posted by Ulter
The tax cuts and the war are why we had to borrow $2 trillion from China. That killed the dollar. That's the single biggest reason for the recession. OPEC was on the dollar standard. You couldn't buy oil with any other currency. Not even gold. The dollar sinks, Venezuela and Iran switch to Euro (others are moving toward the same thing), we pay more for oil. Gas prices skyrocket.
Yes it's very complex and much moreso than I'm going to sit and write. But the war has trashed our economy.
The housing collapse is the second biggest reason.
To borrow from Carville, it's the war, stupid.
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Ive searched and searched and cant find where the USA has borrowed $2 TRILLION dollars from China? Can you provide a link?
And yeah, Iran and Venezuala have shifted to the Euro, but thats it. Not OPEC to as a whole. Worldwide oil sales are still dominated by the dollar. You are reciting some leftist noise machine trash half truth. Iraq still receives payment in the US Dollar as do many other nations. So sure, side with the terrorists who are out to ruin us and want to see us fall, just like the democrats. Im beginning to see little difference between the two. A bunch of anti-US communists. The dollar is down for mutliple reasons, but will rebound, much to yours and Irans and Venezualas chagrin. The problem with the dollar may well be tied to oil, but it isnt the war that is causing the issue, its that the people in charge of much of the oil are anti-America and quite mad. This is why we need oil independece, huh?