Jack Kemp now weighs in, as I expected he would, on the need for a stronger dollar.Â And he specifically answers those who say we can’t afford to strengthen the dollar now because it will raise interest rates (which would, they say, be bad during a slowing economy):Â “Don’t you have to have higher interest rates to strengthen the dollar?” Absolutely not! As David Malpass, chief global economist at Bear Stearns, points out, “The two aren’t tightly connected. Because Kemp has become such a close advisor to McCain, this gives me hope that McCain might do something like what I advised a few weeks ago.
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That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign.
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