Mike Stathis

U.S. Monetary Policy: Defending the Status Quo

Well Done John. You are obviously a man with much wisdom. I'd like to add a few things. As 'm sure you are aware, Clinton didn't leave with a real surplus. Off-balance financing created that illusion. but still, your case is well-taken - let me phrase it more boldly - Bush has been a financial nightmare.

I was never a supporter of Clinton, as I am way off from being liberal. However, it's funny how perspective can change things. I think Bush has caused many formerly anti-Clintonites to appreciate the job Bill did. Of course Bill was in office during a booming economy and Bush senior straightened out the budget recked by Reagan. This really set Clinton up for an easier task dealing with the budget.

The other pint I want to make is that the Fed continues to tell Americans it supports a strong dollar policy, yet when Bernanke goes to other countries, he states he favors a weak dollar!

I have many other views on this current situation, some which can be found on my first post "Stay Clear of Traditional Asset Classes."