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Plus. It's not really the Fed. It's more the deficit, the constant spending, and the borrowing from China. That's not really on the Fed, imo. Bush shares most of the responsibility for the weak dollar.
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You know what scares me the most though? when someone tells Bush about gas prices, and how they have broken the $4/gallon mark. He says something to the effect of, I never knew about that. That's interesting.
My mind stopped and I could swear that I heard everyone in the US watching this press conference say in one collective voice, "we're fucked"
And than I see this and I go, yup, we're fucked.