Perhaps the dollar has taken all the bad news of crazy spending and finally stabilized, but that would assume the spending spree is over. Also, the dollar used to represent more the U.S. economy than the U.S. government, but as the latter encroaches more and more on the former, the dollar will increasingly be representative of Uncle Sam, not Microsoft, Walmart et al . So if the dollar is now a proxy for the government, does the low value of the greenback represent an opinion of the government and those who lead it? If that's the case, do any of the current leaders inspire trust in the "full faith and credit" of Uncle Sam to pay his bills?
Ben Bernanke seems competent enough, but since he's lowered interest rates to zero, there is only one way for rates to move. His course is set and his options limited, but raising rates will hammer an extremely tepid recovery.
Does Harry Reid inspire confidence? Does his slimy buy-off of Sen. Ben Nelson by exempting Nebraska from paying for Medicare constitute effective leadership? Does forking over $300 million to purchase the Senator from Bourbon Street Mary Landrieu highlight a skill all leaders should possess?
Does Nancy Pelosi inspire confidence? Last year she called the CIA a bunch of liars. Last week, seven of those "liars" perished in a suicide bomb attack in Afghanistan defending her right to continue to make vile, moronic statements in pursuit of the crowning prize: dingbat of the decade. She makes me want to ralph.
And what of our president? The self-confessed movie "buff" took in the latest James Cameron movie while on vacation in Hawaii. Doesn't a buff require lots of time be devoted to your area of buff-dom, in this case movies? Don't you have a day job, Mr President? Oh well, I'd rather catch a double feature than deal with Harry Reid as well. I'm with you on that one, Mr. President.
Still, wasn't this the man who promised "not to rest until everyone who wants a job can get one"? With the Hawaiian vacation, I guess that means the 10 percent unemployed don't really want to work. Why should they work anyway? With unemployment and Cobra being extended virtually indefinitely and health care in the pipe, why bother? Unlike Obama, we don't want to push ourselves too hard, do we?
According to the AP, Obama was briefed two hours after the al Qaeda Christmas attack. The briefing lasted fifteen minutes and then Obama skipped off to the gym. You wonder if he even inquired if there were signs of any more attacks. Does this devotion to duty inspire confidence?