Obama campaign struggles with question

Well the decline of the dollar is not as easy to calculate unless you use things like oil and gold to compare them to.

Since 2008, a 43% drop is easily established.

If you compare dollars to the euro for instance, you will get a false impression of what the dollar is worth, because the euro is in as much trouble as the dollar is.

Here's a good article that explains it a little better.
http://www.forbes.com/sites/jonathansherman/2011/08/08/u-s-dollar-is-the-next-financial-shoe-to-drop/

One again, WHERE did you get the 43% drop in the dollar? Compared to what and over what period?

Oct 1, 2008 – Gold Price Close: $737.20
August 4 2012 - Gold Price Close: $1692.60
Gold is up 229%

October 10, 2008 Oil price close $77.70
August 4, 2012 - Oil Price Close: $95.25
Oil is up 122%

There's plenty of proof out there- but my 43% comes from the government. The U.S. government has to borrow 43 cents of every dollar that it currently spends, four times the rate in 1980.

http://www.cbsnews.com/8301-505144_162-57376464/12-scary-debt-facts-for-2012/

So, they're trying to use gold-prices as a direct reflection of "value of the dollar"... I hate to break this to you, but we're not ON the gold-standard. (Reagan created a committee to study that, and they concluded it was stupid...) It still is....

Let me know how that works out for ya....

BearMtnHIB wrote:
Archer- I'd be willing to bet that your kids are not better than they were 4 years ago. So you are better off, so am I.

You would lose that bet. One is a small business owner (graphic design and corporate identity firm) in NYC....his business is doing better now than in 2008....he has doubled his work force and still has more work than he can handle. My daughter continues to get an annual raise as does her husband and they are comfortable with their situation. As I mentioned, they have 401k's that are growing and they just bought their first NEW car, not a used one.

But I see all around me, the signs that things are worse. I hear the stories from friends, and their friends, who are not better off. No way-no how.

sounds anecdotal to me, my neighbors in CO, none of whom are seniors, BTW, are not complaining about their situations. Maybe you just know a bunch of Republican whiners.

I recently took a trip across New Mexico and Arizona and was astounded at the hundreds and hundreds of "mom and pop" businesses standing abandoned in all the small towns- some of those buildings were brand new.

All I could think about was how each one of those businesses represented some family- who sunk everything they had into a business, and because of high gas prices and bad government policy- there were not enough customers for them to scrape by.

Even if every member of your family is kicking ass- you can't be so sheltered as to not see what the general condition is across the country- heck I don't even need to leave Evergreen or Conifer to tell you that.

So please- just for once - stop with the leftist lies. Stop with the utter BS about being better off. The question not only appies to your selfish ass, but it's a general question about the condition of our society and the community as a whole.

Liberal arrogance and desdain has no boundries!

You can take that condescending attitude and snarky attack and put it.....well never mind, I'm sure that spot is full

Of course I, other democrats, and Obama know that there are still people hurting in this country......no one is saying they aren't, but strides HAVE been made over the last 4 years, jobs have been saved and created (you don't go from losing 800,000 jobs/month to creating jobs every month in the 6 figures without that being an improvement in many people's lives). This country has never had 100% employment, so people have always been hurting, and that needs to be addressed, along with their healthcare and their education and ability to get a decent job that pays a living wage.

All this is apparently only of interest to conservatives when they are not in power......you never hear a peep out of them when they run things and propose programs that would hurt the poor, the middle class, and seniors. Then it's every citizen for himself and government can't create jobs, and government shouldn't help the poor, or the sick or the disabled.....nope, conservatives love the inequity when in power, and bash democrats for it when they aren't.

BearMtnHIB wrote: Oct 1, 2008 – Gold Price Close: $737.20
August 4 2012 - Gold Price Close: $1692.60
Gold is up 229%

October 10, 2008 Oil price close $77.70
August 4, 2012 - Oil Price Close: $95.25
Oil is up 122%

There's plenty of proof out there- but my 43% comes from the government. The U.S. government has to borrow 43 cents of every dollar that it currently spends, four times the rate in 1980.

http://www.cbsnews.com/8301-505144_162-57376464/12-scary-debt-facts-for-2012/

Sorry Charlie, none of those figures mean the dollar has dropped 43% in value. You confused borrowing 43 cents for every dollar spent with the dollar dropping in value 43%.



http://mercatus.org/publication/how-muc ... ery-dollar

BTW, the price of gold is speculation.

Why is the price of gold going up? Simple: when interest rates are this low, bonds are increasingly unattractive as a source of yield, so you might as well just buy stuff — call it SWAG — instead. SWAG doesn’t have any yield, but then again, neither does cash, really. And when there aren’t attractive investments out there, then it becomes more attractive to spend money rather than to invest it. As a result, people spend their money on SWAG, and some of them even kid themselves while doing so that by buying their SWAG they’re making some kind of investment. They’re not. And they’re certainly not producing a reliable guide to the future status of the US dollar. -- Felix Salmon

http://blogs.reuters.com/felix-salmon/2 ... inflation/

This is just distraction. What the election comes down to is this:

If you believe all Americans should have health care and if you believe in a woman's right to chose, you will vote for Obama.

If you believe it should be every American for themselves and the government should decide what a woman does with her body, vote for Romney.