12-07-2008, 12:17 PM
Quote:Maybe you misread something? I didn't try to connect the 2000-2003 growth numbers to a 2008 bailout, but he did. I merely pointed out a flaw in his reasoning.
Kandrathe posted a quote from a 2003 article about the topic. Perhaps he should have gotten a more recent article, but nothing he's said has indicated that he thinks this problem simply stopped in its tracks as of 2003. Quite the contrary. You, however, took those 2003 numbers, and plugged them straight into the 700 billion bailout from 2008 here:
Quote:Let me get this straight. Five years and more ago, they bought $193 billion worth of dollars, effectively increasing the value of a dollar, which had a negative influence. This caused a problem so big, that you need $700 billion to clean it up. Right?
Either you didn't understand that the value had grown by nearly tenfold over the last five years, or you chose a very strange and uncharitable way to express your criticism. Either way, my comments stand.
-Jester