From Reuters, we have business guys, not rightwing talkers, stating the obvious about Obmanomics:
CARY, North Carolina (Reuters) - "Chief executives from the biggest U.S. corporations worry that the slumping dollar could sap U.S. credibility around the globe, spur inflation and ultimately undermine the economy.
"The dollar has fallen to a 14-month low; and while a weaker dollar makes U.S. products cheaper overseas, chief executives gathered for the Business Council meeting in Cary, North Carolina, expressed deep concern that the anemic dollar signals serious jitters.
"The issue is currency devaluation, and the worry is that it essentially lowers our credibility in the world," said Office Depot Inc (ODP.N) CEO Steve Odland in an interview with Reuters on the sidelines of the conference.
"CEOs say that a slew of government spending programs on health care and other priorities could undercut economic recovery..."
http://www.reuters.com/article/newsOne/idUSTRE59F45020091016?virtualBrandChannel=11617
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