Obama spent all the american funds and now made the stock exchanges on the whole world to suffer!
He spent other people's funds, it was all debt.
To be fair, he spent 2.4T, and Bush 6.4T, with the rest of the debt coming from Mandatory spending [Social Security, Welfaire, Unemployment, Medicare, Medicaid, Etc.]
A dollar used to cost 3x my country's currency. Now it costs 1.5x only.
You should look up the history of your currency. Simply reading wikipedia on the Brazilian real explains how the actual Real was pegged at 1.1 to a dollar. Following years of apparent economic distress, it actually undervalued to 2:1, and then 4:1 -- The rebound of the Brazilian economy has left it at 1.5.
So, in fact, even with the recession in the US, the Brazilian Real had trouble catching up to its previous losses, and is now making a comeback. If current trends continue [US down, Real up] -- the Real would meet its peg marker once more.
it's not realy that great anymore.
As a quarter of the world's GDP, I fail to see how you can say that. Not being arrogant, but let's not twist the facts.
countrys like china and brazil are getting much more importend because that is where the future is. those countrys are economicly getting beter by the day.
China is getting rich, but it is no where near tied to the Fiscal world as America is. It does not serve as a bank. No country really wants to invest in Communism, China is much more tied to the world in terms of manufacturing and crediting than it is in acting as a fiscal reserve.
As for Brazil, it is a large South American economy, but in terms of geopolitics there are others in front even though the country, currently, is very stable and not to mention eco-friendly, it looks like a great place to be.