Saturday, December 29, 2007

America faces a diplomatic penalty as the dollar dwindles

At the end of a year in which the dollar has endured a marked decline against other currencies, an unsettling question is beginning to be voiced: can the troubles of the US currency be confined to the financial world or are they set to undermine Washington’s place on the international stage?“This is the neglected dimension of the dollar’s decline,” says Flynt Leverett, a former senior National Security Council official under President George W. Bush. “What has been said about the fall of the dollar is almost all couched in economic terms. But currency politics is very, very powerful and is part of what has made the US a hegemon for so long, like Britain before it.” / Comment & analysis / Analysis - America faces a diplomatic penalty as the dollar dwindles

If you still support Bush for his "security" measures, at least admit that his fiscal policies are horrible and are destroying our international wealth and stature.

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Anonymous said...

If our stature was destroyed by Bush, why would France and England fight over who is our closest buddy! Perhaps the word you were looking for was diminished, or reduced. Destroyed is a bit harsh.

But to your main point, yes, I agree, Bush and the Republicans have been fiscally irresponsible.

There are good candidates in the field who are fiscally responsible, yet not completely isolationist.

The Truth Handler said...

Ron Paul is not isolationist, he is non-interventionist. You actually support more isolationist policies than Ron Paul. You support politicians that want to use embargoes, tariffs, and highly industry-specific "free trade" agreements as political tools to cut off certain countries from the rest of the world. This is isolationism. You supported W in 2000 when he ran on a platform of no nation building and limited foreign intervention.
I don't envy your position. You are having to try and defend someone who is changing the rules as he goes. He is doing the opposite, in many ways, of his party's platform and Republican's traditional values. The solution of course is easy. In America, we don't value The Great Leader, we value ideas and principles. Defend these and you will feel less whipsawed and on more solid ground when you debate. Remember how you used to be proud of saying that you were a Republican because it was the "party of principles"? Well, that wasn't that many years ago. The party can go back.