Obama, Biden to Visit Kokomo, Indiana Tuesday
Tomorrow, the President and Vice President will travel to Kokomo, Ind. to spolight the city as an example of the success of the Recovery Act and the Obama administration's auto restructuring plan.
President Obama and Vice President Biden will visit the Chrysler Group's Indiana Transmission Plant II to take a tour and give some remarks about how the auto restructuring plan has helped the community. Money from the stimulus bill was used to open up a new plant that makes components for hybrid cars.
Despite the fact that the county in which Kokomo resides still has a higher-than-average unemployment rate, enrollment at Indiana University, Kokomo, is up as workers are retraining for advanced manufacturing careers. New businesses are even opening up as this town is slowly getting back on its feet.
AAM's 2009 Bus Tour made a stop in Kokomo as well, shortly after the stimulus was first passed.
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Continue to spotlight the currency war
Continue to focus on the currency war. (By the way, your web site 'response form' does not work correctly for me - I had to type my note in a file editor and cut/paste it to the form).
The Federal Reserve's "quantative easing" (or "QE2') is a real weapon in the war (regardless of what the bankers are saying - hopefully China will get the message). QE2 is exactly equivalent to "printing money" just as currency exchange rate manipulations are exactly equivalent to tarriffs. And printing money must
make your currency de-value or drop. Of course, in response, the Japanese yen fell against the dollar (dollar got stronger). Either the Japanese government is intervening (as they did a few weeks ago), or the market is a fake market (really it is just a forum for governments to try to get and keep tarriffs by bribing/controlling
so-called bankers and traders).
Today we have yet another attempt by Europe to weaken the Euro - "The sky is falling in Ireland blah blah".
Of course, Yen and Euro problems are swamped by the blatent stuff that China is doing (with support of the US Govt, Inc. - serious change in Yuan/dollar will instantly turn to inflation at Wong-Mart). The only hope here is to find specific individuals in the US Govt or CEO's or bankers who are constantly working to preserve the China trade. You can often locate these people if they talk about the
"investor class".
Why not do a study to show what percentage of the American
population is actually living off stock dividends (what the investor class does)? I'm sick and tired of seeing the "talking heads" on TV finance shows talking like they are some significant portion of the population.