I have to admit I laughed out loud when I heard that in Canada today Bush said "we just had a poll in our country where people decided that the foreign policy of the Bush administration ought to be - stay in place for four more years." and followed up with a comment that US trade with foreign countries is at record levels as if the latter is an International endorsement of the former.
Huh?
Well of course our trade with foreign countries is at record levels - having decimated our own manufacturing industries we're doomed to import boat loads of foreign produce from overseas no matter what. Currently that's to the tune of $590 billion, up 19% over the previous year. No matter what foreign countries think of Bush Co's foreign policy its a dead cert that they will keep taking our money all the way to the bitter end. This spirally foreign trade defict certainly has more than a little to do with the pathetic weakness of the dollar.
In case you haven't been following international exchange rates (I know its a chore) that is 35% decline against the Euro since its peak just before Bush was elected.
So basically our nations wealth has been devalued by half against the second most important internation currency since Bush was elected. For a country and President that likes to boast and rate itself by its economic strenght what does that say? Basically its like the stock price of America just dropped by 35%. Wither Team USA Inc....
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