Politics & Media
Mar 25, 2009, 07:04AM

Evolution of a talking point

From FOX to Michelle Bachman and back, a glimpse at how extreme ideologues cultivate assumptions.

Almost like a nature documentary:

At about 2:35 Bachmann asks:

"Would you categorically renounce the United States moving away from the dollar and going to a global currency as suggested
this morning by China and also by Russia. Mr. Secretary?

Geithner: I would, yes.

Bachmann: And the Federal Reserve Chair?

Bernanke: I would also."

You might be wondering: what is this global currency business? As best I can tell, this is what Fox and Bachmann are talking about:

China's call for a new international reserve currency may signal its concern at the dollar's weakness and ambitions for a leadership role at next week’s Group of 20 summit, economists said."

Of course, their question wouldn't make sense even if China and Russia had called for the adoption of a new global currency. If they did, we'd just answer 'no', and that would be the end of it. But that's not what Russia, China, and "Khazakistan" called for. Somehow, Michele Bachmann and the Fox reporter seem to have missed that little word 'reserve'.


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