The Freefalling Dollar and Bush’s war on the Middle Class

By Mike Whitney

05/13/06 "Information Clearing House" -- -- The dollar is getting hammered almost daily now. It’s like watching the blood ooze from a hemophiliac. In just one month the dollar has tumbled from $1.20 to $1.29 vs. the euro; an astonishing 7% retreat.

Can’t the American people see what is happening to their future? In just 6 years Bush has taken the world’s strongest currency and chopped it into finally ground hash. By the time people rouse from their stupor, the greenback will be eye to eye with the peso.

Bush has piled up more debt than all the other presidents combined. His tax cuts have fattened the bankrolls of his constituents but they’ve put the dollar on a downward slide. Since he took office the once-mighty greenback has plummeted a whopping 35%.

Meanwhile, at the Federal Reserve, new Fed-master Bernacke has the printing presses running at warp-speed. The soaring price of oil has soaked up more than a trillion dollars of freshly-minted fiat currency, but it’s the only thing that's kept the greenback from slipping beneath the waves. Unfortunately, that trick won’t last forever.

http://www.informationclearinghouse.info/article13028.htm

Haven't seen any extras laying around lately.

Are you rich?

the NBA playoffs, Tom and Katie, the Playstation 3, NASCAR. Most Americans don't give a flying f***! And when the Fit hits the Shan, well Bush will declare war on somebody.(if he did not flee, to some non-extradition country)

Look around you, the middle class is all but gone.