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- tcbishop12, on 08/08/2008, -13/+141From the WSJ Article: "If we had a strengthening of the dollar, that would help" reduce fuel costs, Sen. Obama said, according to a Reuters dispatch ignored by most of the media.
This ought to be a bigger story. In linking the dollar to oil prices, Mr. Obama is pointedly at odds with the Bush Administration and Federal Reserve, both of which blame high commodity prices on supply and demand, despite falling demand due to slower global growth. Fed officials -- in particular, Vice Chairman Donald Kohn -- have expressly rejected any strong link between the dollar's collapse and the oil price surge since last August.
This conveniently absolves the Fed and Bush Treasury of responsibility for the consequences of what has been their destructive and all but explicit dollar devaluation strategy. If the Illinois Senator rejects greenback debasement, that's the best news to date about Obamanomics. - barbiesnow, on 08/08/2008, -15/+84Well, we always knew the guy had mega brains...so uncommon for most political figures these days and can see beyond the hype of gas taxes, drilling , blah blah blah..yada yada etc etc.
- inactive, on 08/08/2008, -12/+60Say, whaaaaaaaaaaat?! LOL.
- TheInformer, on 08/09/2008, -40/+74How about Huffingtonpost publishing a pro-McCain story? That would be the far bigger shock.
Huffingtonpost SPAM. Buried. - strangewill, on 08/09/2008, -15/+46No, it's because he wants to rip the guts out of every social program in existence and return to 1900 economic standards that people call him a senile old man.
- BaldMonkey, on 08/09/2008, -3/+25But where would all of us Europeans go for the cheap shopping if you get the dollar back to what it once was?
- rewinn, on 08/09/2008, -10/+32A headline I *never* thought to see.
- dissection, on 08/09/2008, -1/+18Link to to story next time. I don't think some blogger should get ad money for rewriting someones else's work.
- BooLag, on 04/23/2009, -2/+19Say WHAT again! I dare you!
- SRSco, on 08/09/2008, -2/+19This isn't at all groundbreaking. The WSJ has endorsed many of democrats for president. Yes, their editorial board is more conservative than most newspapers, yes they are now owned by Newscorp. But no, they haven't become "Fox News on Paper". Diggers just like to think that just because Murdoch owns the WSJ, the paper has turned into some big neocon ciricle jerk. It hasn't. I read it. It's a good newspaper.
- inactive, on 08/09/2008, -2/+18I'll tell you what's hurting this country. It's not the programs designed to help the poor - it's government bailouts of major corporations. Seriously, you want to talk welfare? I understand the arguments that these companies create a lot of jobs, etc., but come on - all the government is doing is propping up failed business models. It's bad for the economy to support businesses that consistently lose money.
- dissection, on 08/09/2008, -13/+27Buried for linking to some lame blog.
- strangewill, on 08/09/2008, -5/+19Yeah, boo Obama for wanting to raise taxes on anyone earning more than 250k/year, and actually give tax breaks to the people who need it: those earning under 75k/year.
- Rotzooi, on 08/09/2008, -5/+19/s
- LemurDaddy, on 08/09/2008, -1/+14What ain't no country I ever heard of. They speak English in What?
- Cattywampus, on 08/09/2008, -1/+12A week or so ago Daniel Henninger, one of the Journal's regular columnists, was quite exasperated with McCain and wrote an article entitled "Is John McCain Stupid?"
- Rotzooi, on 08/09/2008, -31/+42Like anyone expected differently from that socialist libtard elitist rag.
- minox, on 08/09/2008, -6/+16I guess this is surprising to people who don't regularly read the Wall Street Journal.
- david76, on 08/09/2008, -4/+14I'm guessing you don't read the WSJ.
- inactive, on 08/09/2008, -3/+13Is this Europe? Is a right to gun ownership embodied in all European countries' founding documents? Didn't think so.
- BXRWXR, on 08/09/2008, -1/+11What?
- usemanzana, on 08/09/2008, -5/+15Two words: gold standard. Paul wants it. I don't.
Furthermore, are "we" really anti-Paul? Don't you remember how ridiculously Paul-heavy Digg was during the primary? Or are we just one more part of the oppressive media machine that's censoring him? - inactive, on 08/09/2008, -2/+11it's sad that you had to explain.
- 355CJ, on 08/09/2008, -8/+17That will happen about the time the Earth crashes into the Sun.
And then they'll blame Cheney/Haliburton for causing it. - TinternAbbot, on 08/09/2008, -8/+16The WSJ still seems to run mostly pro-McCain editorials, but before Murdoch bought the paper's parent group it was a fairly balanced paper. Not to mention that this article isn't really pro-Obama, especially as it points out that Obama is backwards with respect to the dynamic between the dollar and the economy and what affects what.
- BaldMonkey, on 08/09/2008, -3/+11They "is", "is" they not?
Could you care to explain what you mean with "High taxes, profit taxes......that says enough"? Enough about what? - inactive, on 08/09/2008, -15/+22Well, let's wait and see if this isn't a ploy from the Fox News Journal. It could be 99 stories bashing liberals with the odd bone thrown in for fairness and balance. Keep in mind who owns the paper now.
- Lynx55, on 08/09/2008, -3/+10Well, will wonders never cease. But somehow I keep waiting for the other shoe to fall. I almost wanna duck....
Then again, maybe they just want to be on the winning side come November, so they can say "see? We told you." - xptweakerntn, on 08/09/2008, -7/+14No it doesn't.
- hmunkey, on 08/09/2008, -1/+8Yeah, it's a conservative paper, but when Obama has a plan which could benefit conservatives why wouldn't they say it? It may be conservative, but it also has a reader base of people in the business of making money.
- duckley, on 08/09/2008, -3/+9I've been saying this for two years now.
The DOLLAR is worth 35% less now than it was a few years ago.
No wonder gasoline is so expensive!
Bush SPENDS $5 Trillion surplus left by Clinton, then BORROWS another $8 TRILLION and spends it on:
WAR and his Super-Rich Cronies.
Obscene! - DreamSynthesis, on 08/09/2008, -4/+10Just like on Digg you'll never see a link to the original story. This is blogspam, the Huffington post adds no insight to the article. The submitter should have just linked to the WSJ article and avoid the spam. But we can't have that on digg now can we.
- Elranzer, on 08/09/2008, -1/+7Why isn't this linked to the actual WSJ instead of blogspam?
http://online.wsj.com/article/SB121815226803922393 ... - BXRWXR, on 08/09/2008, -2/+8Soooooooo what?
- angryfirelord, on 08/09/2008, -19/+25Wait a minute, Ron Paul says that our weakening dollar and the Federal Reserve are to blame for our economic woes and everybody call him a senile old man who lives in the 18th century. Now Obama says something similar and you guys praise him for it?! Talk about bias!
- altgeeky1, on 08/09/2008, -2/+8You must be suggesting liberal bias in the military-industrial complex? They own most of the those outlets you accuse of liberal bias. The rest is owned by Wall Street investors themselves.
- inactive, on 08/09/2008, -0/+6"his is a second rate mind." "A bred-in-the-bone radical socialist"
Irony is wasted on the stupid. - EarlOfLade, on 08/09/2008, -1/+7You must be religious! Nobody else would be able to spew such stupidity with a straight face.
- publiclurker, on 08/09/2008, -1/+7I think you are over estimating the number of ED cases in this country.
- brad3378, on 08/10/2008, -0/+5I don't think the WSJ printing a pro Obama article is such a big deal.
On the other hand, if the Huffington Post printed a pro McCain article, hell would freeze over. - jason4188, on 08/09/2008, -8/+13Huffinton is Rush Limbaugh with longer hair and a vagina, they just play for different teams, but you will never, ever hear either of them say anthing positive about the other side. If McCain jumped in front of a bullet to save a baby the next day the Huffington head lines would read, "McCain attacks bullet at tax payers expense."
- TrueXtremeIcon, on 08/09/2008, -1/+6Say what one more time!
- digitalarcanum, on 08/09/2008, -2/+7meanwhile at the fortress of evil ^H^H I mean, whitehouse...
Advisor: My lord, plans are in motion by our adversaries... they want to raise this country from the ashes.
Lord Bush: PHOOEY! PRINT MORE MONEY! IT PRINTS MONEY! - david76, on 08/09/2008, -1/+6Glenn Beck isn't liberal or conservative. He's a moron.
- Mude, on 08/09/2008, -2/+7Why not submit the actual editorial to Digg, instead of a hyperblog that wrote about it? Huffington added nothing to the piece itself (except for a long "wow"). We, the Diggers, are supposed to say "wow" and provide the link. Instead, this was submitted as a "Wow, Huffington says 'Wow' about the WSJ."
- rowjimmy, on 08/09/2008, -2/+7digg him down, but on a world scale that is so ***** true. the only "liberal" in the democratic party that wouldn't be considered center-right anywhere else in the western world would be kucinich, and /maybe/ kennedy.
- sodade, on 08/09/2008, -10/+15Oh yes - lets all rely on charity to help people. /s
Why don't you become an adult first and then we'll talk about the harsh realties of an overpopulated country that requires a degree of socialism to keep from falling the ***** apart? - Temo1, on 08/09/2008, -11/+16No, see.. unlike most Ron Paul supporters, the WSJ isn't composed of idiots.
- Mude, on 08/09/2008, -0/+5"Why then is gas still so expensive in europe? Isn't the euro valued more than the USD?"
The taxes on fuel in Europe are much higher than they are in the US. But the pre-tax gasoline costs about the same there as it does in the US.
It doesn't matter (too much) if the euro is valued higher. That's not the point. Oil prices went up, in part, because the dollar has lost value, and oil is traded in dollars. Sure, you can get more dollars for your euros now, but the things you buy with dollars got more expensive to compensate for that shift.
To Obama's point, a strong dollar is worth more, so you can buy more with it...more oil, that is. This will help, but not totally solve things. - tehxen3, on 08/09/2008, -3/+8Wait, so he is in favor of increasing exports and a stronger dollar? I'm confused.
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