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Wednesday, 02/20/2008 7:29:37 AM

Wednesday, February 20, 2008 7:29:37 AM

Post# of 11471
During Clinton's 8 years he turned a $ 135 billion Bush Sr. deficit into a $ 526 billion budget surplus, he significantly reduced the National Debt and simultaneously presided over a mind-boggling 240 % rise in the stock market. The perspective of strong fiscal discipline encouraged foreigners to invest in the US and the Dollar rose over 20 % as a result of a combination of the above 3 factors.


The US economy projected strength. Now the Dollar is tanking as a natural reaction to policies that totally reversed Clinton's fiscal and monetary discipline. America's fate is at the mercy of foreign investors (China, India, Russia and many others with around 10 % annual GDP growth) which are getting stronger by the day and represent the economies of the future.


Just a piece taken from an article I was reading this morning.