| In fairness, Bush isn't the only one fucking up the economy. Ben Barnanke is going a "heck of a job" (to use Bush's favorite phrase) in that department, as well.
Essentially, he is allowing the dollar to continue to weaken in the hopes that it will create a positive export/import balance with other nations: the theory being that the reason no one buys our products anymore is because they're too expensive. In theory, this seems reasonable, but in practice, the reason no one buys our products is because they're an order of magnitude more expensive than products produced in China -- and weakening the dollar isn't going to solve that problem. So, in effect, all he's doing is precipitating a US dollar currency collapse via inflation while not accomplishing his goal of righting trade imbalances. Besides, we're not a manufacturing economy anymore, and we've outsourced all our manufacturing -- so his attempts to "level the playing field" in that area are for naught in the first place.
Basically, hold onto your hats. It's going to get a lot bumpier before it gets better.
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