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Bushs Strong Dollar Policy Comments Fall On Deaf Ears (moved from ATSNN)

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posted on Dec, 16 2004 @ 10:13 AM
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Although President Bush pledged that the White House will strengthen the weakening dollar by cutting into record budget and trade deficits, as well as overhauling Social Security, Currency markets continued to devalue the dollar.

President Bush stated that "The policy of my government is a strong dollar policy." to Italian Prime minister Silvio Berlusconi. However new Treasury reports show that the United States is having difficulties financing it's tremendous debt.

 



www.usatoday.com
President Bush said Wednesday that the White House will shore up the sliding dollar by working to cut record budget and trade deficits and overhaul Social Security. But his words fell flat on currency markets as a new Treasury report showed the United States is having trouble financing its current huge debt.


Please visit the link provided for the complete story.


I have to ponder the question as to whether President Bush really believes his own B.S., or if he's making it up as he goes along.
How dire are the circumstances surrounding the debt? Is it too little too late, or is there a possibility of turning this around?

[edit on 12/16/2004 by superdude]

[edit on 12/16/2004 by superdude]




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