Presidential Politics and the Falling Dollar

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I agree that the fed has really mishandled the situation with the falling dollar and the housing crisis. The rates are too low and basiclly the only solution is just too raise them up and fast.

H.D. Rockwell of OH 11:07PM May 18, 2008

I believe politicians have run our economy down. Some is because of their own selfish desires and spending. Much I do not believe they are in touch with the American people as their focus is their own agendas. I do not know what they are gaining, but they must be gaining a lot to make so many illogical decisions. As far as gas prices, I find it horrendous. News talks about some people cutting back and some keeping their habits. I did not do much "extra" traveling in order to cut back. I drive to work and home mostly. I need to work to make money. I cannot quit in order to save on gas. I cannot take off a day every week to try to save money. I cannot just sell my home and move closer to work - not only do I not want to move to such an area, but considering the falling prices on homes, I do not believe I could sell my home for a reasonable price no matter how well it is kept and the improvements I do to it. Perhaps Congress can cut back their spending - have local meetings; don't charge taxpayers for luxury trips; have lower cost meals. They must have too much money because if they could put themselves in many working families' shoes and live the struggles they do, they would more greatly control spending and not allow things such as gas that people need to get to work to have money to have food for their families to raise to levels that can destroy them. I am not talking about people who choose to act irresponsibly. Many are honest, hard-working citizens who face homelessness. The average person cannot just go golfing, to the beach, or some glorious outing. If Congress had to face what many American people did, they would stop lining their own pockets, budget more wisely, and put a cap on charges.

G. Snyder of KY 6:43PM April 23, 2008

The "falling dollar", now especially noticeable against oil, gold and other currencies is just the proof that our Republican-led government has intentionally under-reported real inflation via phony-baloney manipulation of the CPI index and that your Federal Reserve has wrongly held interest rates too low too long . The same dishonesty and mismanagement also contributed to the housing "bubble", then the bust. The dollar's value on free world markets is now revealing the truth---but too late for you, the poor schmuck with a bank savings account held in dollars.
Now Republican John McCain plans to take the health insurance risk out of the workplace group model and put it not in the public sector (where it belongs) but rather just dump it in your private lap. There, your badly-shrunken dollar can buy you some badly shrunken care, not dissimilar to how you used to get a gallon of gas for a dollar but now you only get about 5 ounces. Wake up, people. You're being "had".

Daniel David of NM 10:07AM April 22, 2008