As the dollar drops, so goes the US credit rating.

I slogged through my email’s this morning..my mind on other things..when I hit on one from Newsweek that caught my attention. The title: ‘In the Realm of the Dying Dollar’ was enough for me to sit still and read it through. I have heard lately that europeans and canadians are flocking to our shores to shop their little brains out because our dollar is worth less than the Euro and Canadian currency. I realize the devaluation of the dollar isn’t a good thing but noticed I haven’t read too much on that topic lately.

So, I read the Newsweek writeup and its not pretty. It tells us that the Decider-in-Chief is ruining our lives in another way that isn’t quite as obvious yet. The Newsweek article mentions another writeup in Vanity Fair by a Nobel laureate that rips BushCo a new one:

In a blistering essay in the current Vanity Fair, Nobel laureate Joseph Stiglitz, a former World Bank economist, notes that Bush took a nation with a budget surplus upon assuming office and turned it into a global debtor, and he has underinvested in education and alternative energy. “In breathtaking disregard for the most basic rules of fiscal propriety, the administration continued to cut taxes even as it undertook expensive new spending programs and embarked on a financially ruinous ‘war of choice’ in Iraq.

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