Ouch! We went to war with Iraq to stop this from happening!
The dollar sank to $1.51 vs. the euro today. This was an important part of Bush's rational for taking us into the morass of the Iraqi War (not the rational he gave us, but the real one). The war was supposed to prevent or slow down the euro overtaking the dollar as a currency of choice. Saddam was trying to sell the Iraqi oil for euros. So much for that strategy, Mr. Bush. Thanks a lunch bucket! (See the Times article.)
"Well, Mr. Know-it-all, won't this make U. S. goods sell better overseas?" Sure, but so far that hasn't amounted to much. We don't make a whole heck of a lot anymore. Remember, we're a consumer society.
The dollar sank to $1.51 vs. the euro today. This was an important part of Bush's rational for taking us into the morass of the Iraqi War (not the rational he gave us, but the real one). The war was supposed to prevent or slow down the euro overtaking the dollar as a currency of choice. Saddam was trying to sell the Iraqi oil for euros. So much for that strategy, Mr. Bush. Thanks a lunch bucket! (See the Times article.)
"Well, Mr. Know-it-all, won't this make U. S. goods sell better overseas?" Sure, but so far that hasn't amounted to much. We don't make a whole heck of a lot anymore. Remember, we're a consumer society.
Labels: The Economy
posted by Jim | 7:54 PM
0 Comments:
Post a Comment
<< Home