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Economy
Obama 'did not say strong dollar a problem': US official
2015-06-09
[NEWS.YAHOO] A US official on Monday disputed a French source's account that President Barack Obama had told his allies at a G7 summit the strong dollar posed a "problem".

Amid mounting fears over the Greek debt turmoil's impact on the fragile global economy, a US official said: "The President did not state that the strong dollar was a problem.

"He made a point that he has made previously a number of times: that global demand is too weak and that G7 countries need to use all policy instruments, including fiscal policy as well as structural reforms and monetary policy, to promote growth."
Posted by:Fred

#4  The Establishment in a nutshell: People like obooboo and e. warren decry capitalism to the rafters, but bend over and take it from Wall Street. What Wall Street wants is a weak unto death dollar (this is called 'begger thy neighbor') and unlimited immigration to provide cheap labor while the aforementioned stooges wipe their chins and caterwaul for "a living wage." Got all that?
Posted by: M. Murcek   2015-06-09 08:47  

#3  I'm sure he figgers the strong dollar is an opportunity, if he can somehow make it into a crisis.
Posted by: Bobby   2015-06-09 07:08  

#2  Who is champ anyways to school anyone on growth?
Posted by: newc   2015-06-09 00:40  

#1  He said "Strong USA is a problem."?
Posted by: g(r)omgoru   2015-06-09 00:17  

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