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Obama economist report a 1.7 % GDP growth when actual number is -6.7% and get this
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:DeadBeacon:MV8yMzA4NjA0XzM5MzI5OTQ5XzE4N0FDRjJB] [quote:Useless Cookie Eater:MV8yMzA4NjA0XzM5MzI4MzMwXzlCQ0MwM0ZB] [quote:Anonymous Coward 44377051:MV8yMzA4NjA0XzM5MzI2MDY5XzdERkU4Njcx] I just cannot even believe Arabs are stupid enough to except our currency for oil? [/quote] The word is ACCEPT....not EXCEPT. That said....[b]they accept our currency for oil because it was a signed a deal during the Nixon administration.[/b] The company is called ARAMCO and was part of what made up Standard Oil and it's many components MANY years before Nixon. It gave the USA cheap [color=red][b]"petro-dollars"[/b][/color] in a deal with the Saudis. (aka....cheap money) It's also part of the reason why Nixon took the USA off the Gold Standard. [b]Oil, God, and Gold: The Story of Aramco and the Saudi Kings[/b] http://www.amazon.com/Oil-God-Gold-Story-Aramco/dp/0395592208 [/quote] Petro-dollars......key word. If you [b]don't[/b] know, then you don't [b]know[/b]. :Waving money: [/quote]
Original Message
Team Obama is reporting that the numbers would be much better if it weren't for government austerity measures? WTF... Austerity aren't we spending 500 billion every 2 weeks that we don't even have?
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