Is everyone becoming Drudge? Drezner decodes why conservatives are suddenly championing King Dollar:
[W]hat's really going on here? I suspect that with the Dow Jones going back over 10,000, Republicans are looking for some other Very Simple Metric that shows Obama Stinks. The dollar looks like it's going to be declining for a while, so why not that? Never mind that the dollar was even weaker during the George W. Bush era -- they want people to focus on the here and now.
Tyler Cowen explained some time ago why a falling dollar can be beneficial. The transparent desperation of the GOP, the abandonment of any consistency, any restraint and any pretense at fairness ... well, it reminds me of the desperate Tories of the late 1990s. People can see through this; and it makes them ill. All it tells people is that the right is furious that they have lost. Yep: that's all.
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