First praise for Barack by Condi Rice, now......the Wall Street Journal editorial page! More than anything else, the fall of the dollar quantifies the decline of American power and prestige for the last 8 years. A strong currency, and a lack of a government fiscal deficit, gives a country more leverage in global affairs. Barack Obama understands this, and can relate it to the American people. Barack linked a strong dollar in plain language to everyday life: "If we had a strengthening of the dollar, that would help" reduce fuel costs."
The WSJ tears into the Bush Administration's policies, and shows that their weakening dollar policy hurts people in daily life as well as weakens America's standing in the world.
Barack Obama understands that the patriotic thing to do is to be fiscally responsible and make America attractive for investment.
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