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Harry Reid Harry Mason Reid (born December 2, 1939) is the senior United States Senator from Nevada, and has been the Senate’s Majority Leader since January 2007. A member of the Democratic Party, he has been leader of the Senate Democrats since 2005, serving as Minority Leader from 2005 until the Democrats won control of the Senate in the 2006 congressional elections. (Wikipedia Jan 2010)
US Politics
By John Schroy, on April 27th, 2009 | 
The Crash of 2008 put Barack Obama in the Oval Office and was the culmination of two secular financial trends: a growing US trade deficit that was the root of easy financing for credit cards and mortgages, and the stock buyback movement that manipulated the equity market and that, in recent years, had become dependent upon easy credit rather than corporate profits.
Americans now have an untested, inexperienced leader, with strange radical friends and a leftist deficit spending agenda. Obama must govern 300 million people in a serious economic crisis that he has the power to exacerbate.
In Obama’s first hundred days, the case of the Lincoln Bible, the Stimulus Bill, staffing problems, and the Maersk Alabama incident, hinted of difficult days to come for the United States.
The decline of the dollar
By John Schroy, on March 30th, 2009 | 
Foreigners hold $16.9 trillion in dollar financial assets, accumulated through years of selling goods and services to the US. Profligate deficit spending by the Pelosi-Reid Congress increases the probability of dollar inflation.
If foreign governments were to convert their holdings of dollar financial assets into non-financial assets, like US REITs, they can guard against dollar inflation. They might also gain a position that, in the extreme, would be against US national security interests.
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