As the dollar continues to plummet in value, will Bush continue to spend the US into oblivion?

Answer 1

The fact that Bush is spending is only one of the contributing factors resulting the rapid drop in the dollar. One cannot fund an increasingly expensive war and continue to drop taxes. This, coupled with the ever increasingly unstable housing market (this, of course, is due to the high running of inflation), has forced the Federal Reserve to raise interests 15 times in the recent past to 5%. Even with a booming economy; it is consequently and continuing to be built on accumulating foreign debt, plus, the trade deficit running at an all time high, puts pressure on the dollar and its stability.

Answer 2

Bush has spent an enormous amount of money, but do you truly believe that if the Democrats manage to get back in power they are going to spend less?

Historically it has been the Democrats who want to raise taxes to fund everything out there while the Republicans have tried to reign in spending.

Just look at the prescription drug plan passed just the other year, the Democrats were not happy with it, but not because it was SO expensive, but because they said it did not go far enough. They wanted to double the size of that bill.

So don't just blame Bush, look to your own representatives in Congress, they had to approve every bill that Bush submitted.

And don't blame the Republicans alone; since the Dems came to power I haven't seen them cutting any spending.

Answer 3

Only until January 20, 2009.

Answer 4

A common misconception is that the dollar value against foreign dollars is bad. It is only bad if you plan to visit one of those countries. Declining dollar value against the euro has bolstered American trade to its highest levels in years. This is because foreigners can purchase more for THEIR dollar, so our manufacturers are making more money. It has also increased our tourism, because people in europe come here to spend their money because it goes further. The rise and fall of the dollar has nothing to do with whoever is in the white house.

Answer 5

Yes, Bush will borrow and spend and buy more dollars on credit from the Fed. This is revoltingly criminal behavior.
It's going to take a real President to clean this up and stop the insanity....America NEEDS Ron Paul.

Answer 6

The ultimate conservative agenda is to dismantle any parts of the government that serve the people and to simply maintain security for their own wealth and property. What better way to bring down representative government than to bankrupt it decades into the future?

Answer 7

If anyone here took economics, they were absent on the day that they talked about exchange rates.
As for the spending, Congress needs to cut it and Bush needs to veto it if they don't. If either one doesn't do their part, we need to do our part and vote.

Answer 8

Uh. Don't quite no how to break this to you but the president can't spend any money. Only the congress can do that. It's all in the constitution. Have you read it lately? Ever?

Answer 9

The shrub has already spent all the funds on a fruitless war killing good people including his own.

Answer 10

spending the U.S. into oblivion? why do you think they refer to democrats as "tax and spend". Another liberal spouting party rhetoric without knowing the facts.