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As President Obama's summer vacation comes to an end, he played a few holes of golf with Larry David, a producer and writer of the hit comedy series, Seinfeld and the quirky HBO series, Curb Your Enthusiasm. Both of David's hit shows have been pointed out to be about, well, nothing. As to the state of David's golf game, that has remained unreported as was the president's.

As to the state of relaxation of the president, if not reported, it certainly has ended as he and his family have returned from Martha's Vineyard, an island off the coast of Massachusetts, where David must have felt Seinfelded in being on the Vineyard and not in either of his iconic locales, Manhattan or the Hollywood Hills.

As to the how the president felt, he probably can only be dreading what is going to happen as the calendar moves from summer into fall and the outstanding political agenda fills with the passage of a budget, debt ceiling extension and the opening of Obamacare's individual health insurance exchanges. Added to this dread, can only be the ongoing and expanding crisis in the Middle East as Egypt and Syria have moved into further levels of chaos.

And of course the president is not going to relax, he has scheduled a bus tour of western New York and in Pennsylvania to gin up an economic message, and then give a speech to commemorate the 1963 March on Washington for Jobs and Freedom where Martin Luther King will be remembered for is I have a dream speech on Wednesday, August 28th, then Labor Day and then the return of congress on September 9th, where dread should trump enthusiasm.

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...and the half life of a dollar isn't very long these days, is it?

No, but then again, the problem with the current American economy is deflation, at least according to the Fed.

Interesting thing about the American dollar is that it is still the reserve currency of choice to preserve value and that is what finances our debt at such low interest rates, even with the T-word.

 

I think the Fed has done a good job in these troubled times.  How well will we do if the right gets there way and there is no government?

He'll just blame those damn republicans. If only they gave him everything he wanted than................. Nope, he got everything he wanted and still has effectively screwed everything up. He'll just do what he does best, campaign.

if you've been following the news (you know, in the real newspapers that use big words?), some of the republicans have been blaming the republicans too.....some people may be waking up and realizing governing the country requires compromise, not illogical slogans stolen off the bumper of an old beater vehicle at walmart...

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