In his new book Alan Greenspan skewers “Bush and congressional Republicans for what he said was reckless spending and a politically driven economic agenda.”
And as Greenspan and others predict a recession, Bush continues to claim “the fundamentals of our nation?s economy are strong.”
I guess the obvious question here is: Which fundamentals are those, Mr. President?
Are you talking about our national debt of $9 TRILLION? Or maybe the Mortgage Crisis?
Or how about our currency?
Certainly THAT is a fundamental measure of the strength of our economy, right?
Well guess what?
The dollar slid yet again yesterday to an all time low against the Euro AND the Canadian Dollar.
The US Dollar and Candian Dollar are now trading 1-to-1 for the first time since 1979 and the Euro, yesterday, “traded above $1.40 for the first time since it was introduced in 1999.”