Death knell of the dollar

If I had any lingering doubts about the collapsing dollar, they were dispelled when I read this as the most consistant thing to come out of Bush's mouth is good ol' Texas style bullshit.

From the man who said "We don't want war" and "Support our troops" and "They hate our freedom" and "We never said there was a link between Saddam and Al Quaeda" comes the latest whopper "The policy of my government is a strong-dollar policy". A Whopper so big, it should appear on a Burger King menu.

Even leaving aside that Bush's knowledge of economics is poorer than the average C student graduating High School, and his advisors are getting rich by promoting supply side economics and permanant tax cuts to the super rich, he actually goes so far as to insist that countries who are worried about the trade defecit merely need to buy more US products.

Someone needs to point out to Dubya that American manufacturing ain't what it used to be. And I'm not just talking about car plants in Flint. This year is the first time in ages that the US bread basket states have come up short. This year, America will be a net importer of food. And I don't think a rush of hyper-obeseity is to blame.

So it's time to start learning Mandarin and Cantonese. The worlds next superpower is just waiting for the current one to roll over and breath its last. And the economic indicators are that it won't be a long wait.

posted by Manchild at 8:27 AM