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More good news about our wonderful dollar! [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Dark Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-14-04 05:52 PM
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More good news about our wonderful dollar!
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http://news.bbc.co.uk/1/hi/business/3999825.stm

The US trade deficit - a key concern for President George W Bush's second term - exceeded $50bn for the fourth month in a row in September.

The US currency has been weakening for much of the past year, pressured by worries over the US' record $427bn budget deficit.

Carsten Fritsch, an economist with German bank Commerzbank, said he expected the euro to rise to a level of $1.35 within the next six months.

The US has got these massive deficits that nobody wants to buy into," David Bloom, a currency strategist at HSBC told the Associated Press.


I'd love an economic conservative to explain to me how Bush has helped the economy.

He'd probably say 'It's all Clinton's fault!'.
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