dectra

Can Bush Save the Dollar's Fall?

Philly Jim is right.

bush has been an unmitigated disaster not only for the country at large, but he has destroyed the good will and respect that American Businesses have built up over decades.

As a (former) supporter of the GOP, I voted loyally voted each year, even when I began to suspect they were no longer listening to the base of the party or the American public when it came to formulating a sound business model for the government. NOW bush says 'gee, I'd like a strong dollar'

This flies in the face of 7 YEARS of weak dollar policy this administration has forced on this country. The theory bush put out was based on the thought that weak currency will improve your trade balance. This has given him a green light to spend and spend and spend (so much for fiscal conservatives). The supposed improved trade balance makes your economy appear stronger and wealthier, even though in fact it is weaker.

The federal government borrows nearly $3 billion a day abroad just to fund our interest. Private foreign investors are unwilling to lend us that much money at current interest rates. Who's left to pick up the slack? Central Banks. In the first three quarters of 2004, fully 49% of the U.S. current account deficit was financed by foreign central banks, with Japan and China the lead lenders. Guess how much we borrow from our 'friends' in China (as of July 2007)...857 BILLION.

I won't even consider mccain or any other GOP candidate for my vote this year. They have lied and lied again as they run off on some quixotic quest to 'remake' the middle east (and let Osama get away), spied on AMERICANS, funded other countries needs and ignored the needs of this country. All the while saying ' we know best, just let us handle it'. Of course, if you question them, they quickly brand you as a terrorist / sympathizer.

At the root cause of the dollar free fall is this:budget deficits for SIX YEARS. No plan to reign in spending. Earmarks so crazy that you'd have to think they were a joke...but they weren't. They make the spending proposals by the democrats look sane in comparison to the drivel the white house has put out year after year.


mccain has already publicly supported many of bush's failed policies, not to mention he's lied over and over and over about his ties to lobbyist, and is (or appears to be) in the process of Knowingly breaking campaign finance laws related to his agreement to accept public funds for his campaign.

GOP Sucks