Thursday, July 28, 2011

What the Tea Party Hath Wrought

This from a Reuters news story today:

The dysfunctional gridlock in Washington has also raised concern over the long-term decline of U.S. economic power and the status of the dollar as the world's reserve currency.

"The U.S. is experiencing an 'end of empire' moment and the dollar share of global reserves is likely to fall gradually," said Jim Leaviss, head of retail fixed income at M&G Investments in London.

1 comment:

Greg said...

Interesting. Blaming the decline of the value of the US$ on the Tea Party is akin to blaming wildfires to a man dressed in a Smokie the Bear outfit 1,000 miles away!

The decline of the US$ is largely to blame on the fact that the leftwing agenda is to blame for the declining value of our money. The only dysfunctional gridlock most Americans witness is the observation of shoving too much paper into the money printing presses and then spending it like the thieves they are.

You are a joke. Dr. Evil should be your title, especially after you were so "offended" at the Ten Commandments memorial at the State Capitol. We have enough problems with the defence of religion without some mentally deranged "minister" being offended. The only one offended at such displays is Satan. Perhaps you should rethink which team you're playing for before you claim to represent God.

My congratulations on you being a pawn and mouthpiece for such a disgusting organization at the ACLU.

Greg