Weren’t we told Obama is our Spock? ST II WoK ‘The Needs of the Many’ FILK

Shout out to the brave souls who have stayed behind trying to stop the reactors from melting down~

(more…)

March 16, 2011. Tags: , , , , , , , , , , , . Fiction, Film, Obama Administration, Politics, Popular Culture, Rodenberry, Sci Fi, Star Trek. Comments off.

Update 2: US Dollar hits 15 month low..

Update 2: US Dollar hits a 15 month low, this as Geithner said in Tokyo today that we fully support a strong US Dollar. I wonder if he got more laughter? He has been ham handed on Dollar policy since March.

The dollar dropped to a new 15-month low as the the euro rose above $1.50 Wednesday morning, even as Treasury Secretary Timothy Geithner reiterated the administration’s stance that a strong dollar is good for the U.S. economy.Geithner, in a speech in Tokyo on his way to a summit of Asian finance ministers in Singapore, also said low interest rates and other government supports for the economy were still needed.

The expectation that the Federal Reserve will keep the key U.S. interest rate near zero has been weighing on the dollar. Higher interest rates make a currency more attractive for investors, since bets made in that currency can earn higher returns.

Against a basket of six major currencies, the dollar hit a 15-month low of 74.775.

“The momentum and the conviction that the Fed will not raise rates any time soon, coupled with the fact that the major central banks continue to provide liquidity liberally” means the “fundamental force” weighing on the dollar will persist, said Brown Brothers Harriman analyst Marc Chandler in a research note Wednesday….

China is making noises about letting the Yuan rise. This would be helpful to all the other economies whose exports are suffering as we let our dollar fall, they are trapped while the Yuan is pegged. Let’s see what shakes out. IMO it is a bad sign for the doollar. This would have been GREAT 5 years ago. Now it is a commentary on the weakness of our currency.

China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate.

In its third-quarter monetary policy report, the People’s Bank of China departed from well-worn language on keeping the yuan “basically stable at a reasonable and balanced level.” It hinted instead at a shift from an effective dollar peg that has been in place since the middle of last year

(more…)

November 9, 2009. Tags: , , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Taxes, Wall St. 1 comment.

Update: TOTUS’ comments from WH/Congressional leadership meeting on AfPak a bad sign?: TOTUS ready to vote present again, this time in Afghanistan?

Update 2: Oh this is IMO a very very bad sign. It sounds like TOTUS will do what McChrystal called the worse case scenario. Send in less troops than the Generals say is needed but not withdraw, leaving our people unprotected:

(…)“Mr. Obama seemed to be searching for some sort of middle ground, saying he wanted to “dispense with the straw man argument that this is about either doubling down or leaving Afghanistan,” as White House officials later described his remarks.”..

Update: Richard Cohen WaPo of all people:

(…)But the ultimate in realism is for the president to gauge himself and who he is: Does he have the stomach and commitment for what is likely to continue to be an unpopular war? Will he send additional troops, but hedge by not sending enough — so that the dying will be in vain? What does he believe, and will he ask Americans to die for it? Only he knows the answers to these questions. But based on his zigzagging so far and the suggestion from the Copenhagen trip that the somber seriousness of the presidency has yet to sink in, we have reason to wonder.

God Bless the troops, their families and the Afghani people. We need leadership, we have an empty suit. Reuters reports TOTUS is about to take the MIDDLE WAY sending in only 10-15k more troops, and McChrystals worse case scenario. Ironic considering he will not meet with the Dalai Lama no? We cannot excerpt Reuters as they are toolz about it Please go read the linky.

Meanwhile General Petraeus is making it known he fully supports Gen McChrystal’s call for 40k troops, courtesy of AllahPundit at HotAir:

(…)he knows how these comments will be interpreted. More military weight thrown at The One:

Gen. David Petraeus, the head of the U.S. Central Command, said that the situation in Afghanistan needs “sustained and substantial” commitment.

His statements echoed the assessment made by the senior U.S. general in Afghanistan, Stanley McChrystal.

However, Petraeus, in his comments Tuesday to a convention of the Association of the United States Army (AUSA), refused to detail what a substantial commitment means and whether it would translate to sending more troops into Afghanistan….

October 6, 2009. Tags: , , , , , , , . Cabinet, Obama Administration, Politics, Terrorism. Comments off.

%d bloggers like this: