AEIdeas

The public policy blog of the American Enterprise Institute

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Discussion: (5 comments)

  1. translation: “now that Obama has been elected, the sky will surely fall”.

    1. The sky would fall no matter which one of the two idiots got elected. When Stalin beats Hitler in an election the citizens lose.

      1. I guess folks missed this:

        U.S. to become biggest oil producer –

        “The United States, which currently imports around 20% of its total energy needs, becomes all but self sufficient in net terms

        http://money.cnn.com/2012/11/12/news/economy/us-oil-production-energy/index.html

  2. LOL… That is the worst case scenario?

    The way I see it the US looks a lot like Greece. It spends far too much and uses borrowed money to keep things going. The worst case scenario is a dumping of treasuries by China, Japan, and/or some other country and a decline in the USD at a time when the Middle East is in flames and oil goes up to $300 a barrel.

    Once the panic in the EU runs its course or reverses it is more than likely that investors will start to look at America’s financing a bit closer. If the dollar index could not rise above its trading range for a year even as Greece, Spain, and Italy threaten to bring down the Euro just how weak will it be when that crisis is over? Do these guys need $5,000 gold to see that something very serious is going on and that the worst case scenario could be a lot worse?

  3. So not addressing the deficit/debt is fiscal Armageddon but addressing the deficit/debt is also fiscal Armageddon?

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