Everything in the USA starts with a Cup

Everything in the USA starts with a Cup
First StarBucks at the Moscone Center

Wednesday, September 1, 2010

Steve Forbes in San Francisco Money Show

Steve Forbes was speaking at the opening of the San Francisco Money Show in August 2010. He criticized the current administration in the White House for pushing the US Dollar down and making investment in US less attractive. The US dollar is still at near 20 years' low today. Steve was right that the cause of a weak US dollar was due to over spending in Washington DC. Yet, the trend of over spending was not started by the Obama Administration. The Clinton administration has left a surplus for the Bush administration. The Bush administration was forced to fight a never ending war after 9 11. Leaving a heavy deficit and a global banking crisis, from a housing bubble used to cover the over spending. Pointing fingers will not solve the problem, as President Obama already said the country need to be united, so the economy may recover faster, and USA still keeps the 'A', and USC still go to play.

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