Trash Dispatch: The WJS has published an editorial on Barack’s Obama-nomics title;
Barack and the Buck.
In it, WSJ states;
The underreported economic news of the week is that Barack Obama favors a stronger dollar. Even better, he thinks a stronger greenback would help to reduce oil prices.
That at least is what the Democratic Presidential candidate told a town hall forum in Parma, Ohio, on Tuesday. “If we had a strengthening of the dollar, that would help” reduce fuel costs, he said, according to a Reuters dispatch ignored by most of the media.
This ought to be a bigger story. In linking the dollar to oil prices, Mr. Obama is pointedly at odds with the Bush Administration and Federal Reserve, both of which blame high commodity prices on supply and demand, despite falling demand due to slower global growth. Fed officials — in particular, Vice Chairman Donald Kohn — have expressly rejected any strong link between the dollar’s collapse and the oil price surge since last August.
The article ends by saying; “Over to you, John McCain.”
This prompted the “Huffington Post” to publish it’s own editorial of the WJS editorial, titled “WSJ Publishes Pro-Obama Editorial”, and stating;
Things really have deteriorated between John McCain and the press: even the Wall Street Journal editorial board is turning on him. The famously conservative group publishes a column praising the economic policy of none other than Barack Obama: [link]
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