Friday, November 05, 2004


Elitist Furriners (versus Bush-O-Nomics)

Those pesky furriners don't trust El Busho's promise to reduce the deficit by 50% while increasing spending and slashing more taxes. Obviously, they are elitist enemies of freedom and democracy! From Reuters:
TOKYO (Reuters) - The dollar hit a record low against the euro and a multi-month trough versus the yen on Monday on worries about bloated deficits in the United States, and traders said the U.S. currency would likely suffer further losses.
The U.S. budget deficit is about $427 billion, or 3.7 percent of gross domestic product, while the current account -- the broadest trade measure since it adds investment flows -- hit a record $166.18 billion shortfall in the second quarter.

Remember, Bush's refusal to pay for anything until after the 2006 midterm elections has nothing to do with our record deficit.


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