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Entry: Foreign Follies Link: http://www.takimag.com/blogs/article/foreign_follies#18373 Post contents: Forrest: While your point is well taken, do not underestimate the ability of the "Beltway RepubliCrats" aided by Mr Bernanke to drag out their tightrope walk aimed at inflating their way out of misery. We all know it will end badly...just not when, but likely longer than we wish. As for Obama should he win, I am hopeful that he may prove to be a genuinely rare item, that is a liberal/libertarian. If that admittedly over-optimistic thought be true, your scenario could make sense. If he proves to be another big-spending entitlement Dem all bets are off, espescially yours...deficit spending and soak the rich schemes for at least 4 years. The sad fact is, the trump cards are held to a great extent by our foreign benefactors who are walking their own tightrope between holding depreciating dollar assets, the aspirations of their own rising middle classes and their continued (at least for a few more years) need for our markets. Oh what a terrible, tangled web we weave... Sent at: 2008 09 06