Looking back to 1980 as Reagan ascended to the White House, the dollar was weak as evidenced by a broad rally in commodities.
FORBES: Ronald Reagan Would Not Be Fooled By Today's Presumptions of Low Inflation
For the politicos at the White House, too, a dollar that slides a bit more quickly has its attractions.
That the Fed could not engineer yet another dose of easing that will weaken the economy further without the consent of the White House and Treasury means that the dollar will continue to fall, with more and more investors going on strike in order to avoid more destruction of the capital they might have otherwise committed to growth initiatives.
It's part of a nationwide programme set up under the Violence Against Women Act, has multi million dollar funding and is backed by the White House.
Leading the way were five fancy colored diamonds, one white diamond and an emerald all exceeding the million-dollar mark with four items smashing top pre-sale estimates.
FORBES: 30.52-ct. emerald-cut diamond sold for $3.3 million.
Less than a mile away, by the waterfront, multi-million dollar yachts idle in the marina, gleaming white, shaded from the sun by rows of white canvas awnings, the very picture of California dreaming.
Among the office suppliers, White sees larger, multi-national companies benefiting from a weaker dollar.
Asked about the dollar figures that staff members attached to some of the White House coffees, Clinton said they were only projections.
To help taxpayers see for themselves exactly how they can benefit from Recovery Act tax credits and collect every dollar owed when they file this tax season, the White House today launched a new interactive Tax Savings Tool available at www.
And multi-trillion dollar assets and investments in the Middle East have kept the White House involved in the region for decades.
Think of it this way: the White House proposal would raise the cost of giving to charity from 60 cents per dollar to 72 cents per dollar.
The tourist nation -- whose white sandy beaches lure well-heeled Westerners -- wants to set aside part of its annual billion-dollar revenue into buying a new homeland, he said at the time.
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