Big Money Comes Out for the Inauguration 176
randall_burns writes "Open Secrets is running an interesting story about major donors to Bush's inauguration. The founder of Dell is one of the high rollers funding Bush's party."
If you didn't have to work so hard, you'd have more time to be depressed.
Money isn't bad (Score:1, Interesting)
Money is bad (Score:3, Funny)
The first leads down the road to chaos, as every splintered faction appears quite literally from the woodwork, holding their hand out for tax dollars to advertise their presence and garner votes. With the constitution being what it is, this is a dangerous charter for extremists, as a white supremist organisation (for example) would be just as eligible for public funds as a major political party, and one can only assume, would use those funds to push their hateful agenda. I can see Californica, in particular, as the worst hit by this sort of proposal, as it has more than its fair share of cults, drawn by the bright sunlight and fine oranges.
Yet happily another option exists to go back to the glory days of rule by disinterested self-abasing, self sacrificing people like Mother Theresa. Let's face it, if you still wanted to be a politician after being told you would live a life of abject poverty, living day by day on scraps scavenged from kitchen bins, only the truly motivated would stay in the profession. A similar system could be put in place for the law profession. Just a thought.
Re: Money is bad (Score:3, Funny)
> Such is the corrupt grip that monied interests have on our nations leaders and senators, it seems the only way to solve this problem comes down to two choices. 1)Allow public funding of political parties or 2) make every wannabee politician take a vow of poverty, like church leaders did back in the Dark Ages. Of the two, the latter is the only sensible option.
A third option would be to hand over the money to someone who would spend it wisely, such as me.
The dead in hell... (Score:2)
Re:Money is bad (Score:4, Insightful)
I don't think so...
The candidates don't just get to keep that money and buy cars and shoes with it. The real reason the money is important is because they can use it to leverage voters votes.
It's like this: Michael Dell wants to change the law or bend it. He gives money to Bush who spends it on ads and spreads it around where it will get him popularity and power. Then we (well, other people besides me) elect him and he let's Dell break the rules.
Re:Money is bad (Score:2)
Looks like I'll be spec'ing HP boxen going forward.
Re:Money is bad (Score:2)
Corporate fat-cats and aristocrats get to hob-knob with government officials and politicians? And a of them have politicians in their pockets? And politicians give preferential treatment to aristocratic families and corporate leaders?
You mean that billionaires and people that come from families with names like "Rockafeller", "Bush" and "Kennedy" are treated differently than the rest of the population that enables those people to do what they do and be what they are?
No way! I call shennanigans
Re:Money is bad (Score:3, Insightful)
Re:Money is bad (Score:2)
What you have stated in your post is referred to as a false dichtotomy. There are many options available to us, not just the two (quite poor) options you have given us to combat the problem of corporate influence on the government.
I would counter, however, that first of
Re:Money is bad (Score:5, Insightful)
For every voter who actually takes the time to figure out the problems arising from corporate influence, there are probably five who can be suckered in by simplistic sales pitches, fraudulent attack ads, and promises the politician has no intention of keeping.
So, if I'm a politician, do I take the high road? Do I work hard, study issues in depth, write rational legislation that fixes serious problems, and make realistic campaign promises? That's what I'd do. But then I'd lose in a landslide to some pompous, self-aggrandizing bastard who tells people what they want to hear, while whoring the political process out to whoever will give him the money he needs to amplify his voice.
Your final point is incoherent. You believe that corporations give money, but don't expect anything in return. You believe that politicians accept money, but don't expect they have to do anything in return. Which brings up the critical point: If nobody expects anything, why are all these checks being written?
Take, for example, the post-9/11 bailout of the airline industry. The taxpayers gave the airlines, what? Fifteen billion dollars? Why? Not to protect jobs, obviously. All the airlines cut tens of thousands of jobs despite the bailout. Not to protect against an interruption of transportation, either. In the end, we taxpayers basically handed a crapload of money to the people who invested in the airline industry. Corporate welfare at its finest. But politicians lied to us, telling us that if we didn't do this the planes would be grounded.
Collectively, we accepted this because the corporations fund the means of communication that matter to most voters. Had there been a real debate over the issues arising from the bailout, said bailout never would have happened.
You seem to believe that the system, as it stands now, is behaving in a basically fair and rational manner. Either you're making serious cash off the status quo, or you're seriously deluded.
Re:Money is bad (Score:4, Interesting)
One of the newer fund-raising techniques being used is to:
1) Pick a victim,
2) Write a piece of Legislation that would seriously damage the victim,
3) Start the legislation through the process of becoming law,
4) Visit the victim, making sure that he knows you could be convinced to abandon said legislation for a suitable bribe...er, campaign donation,
5) Wait while victim writes the check,
6) Go back and pull the Bill from the docket,
7) Repeat the following year.
Often as not, it's not the businesses controlling the policitians, but the politicians blackmailing the businesses. Yes, blackmail is such an ugly word, but it frequently fits very well in describing how politicians ask for campaign contributions from businesses.
Re:Money is bad (Score:2)
Re:Money is bad (Score:2)
Re:Money is bad (Score:4, Insightful)
We already have this kind of system in place for teachers.
Re: Money is bad (Score:2, Insightful)
> Seriously, could someone please explain to me one more time how it is that this man was even re-elected? Just how stupid is America?
Americans tend to get pretty f'ing stupid when someone promises to make them wealthier or safer. (Or 3" longer, though the politicians haven't caught on to that one yet.)
Re: Money is bad (Score:1)
Re: Money is bad (Score:4, Insightful)
They're more or less the same people, same parties, funded by the same corporations, imbued with the same corruption and hell-bent on jamming their ideologies on the entire country.
300,000,000 people and only two viable parties with little difference. But you see, in the same way that the current administration uses perpetual war and terrorism to control and bend the citizens toward their want, so are they distracting you from the real problems of the world/country/government by convincing you that the real difference is in whether you vote for a Republicrat or a Libservative.
Re: Money is bad (Score:2)
* I can't say for sure that 9/11 wouldn't have happened with Gore, but IMHO it is much less likely. The Clinton administration had its eye set squarely on the Middle East and the terrorism bred there, and I believe a Gore administration would have, also. As soon as they came in, the Bush administration turned toward missile defense as its first task of Statecraft, and completely dropped the Middle East. Remember the Richard Clarke
Re: Money is bad (Score:2)
Oh, you must mean like social security. [whitehouse.gov]
Re: Money is bad (Score:5, Informative)
His plan is just an excuse to give more money to investment houses...
Re: Money is bad (Score:2)
Here [cato.org] is an older 1999 article from the Times which does a better job of explaining the British system.
Personnaly I could care less about what happens with the SS program, I retire in 30+ years and already am planning my retirement without factoring it in. I do miss the 14% salary that I am loosing because of it.
Re: Money is bad (Score:2)
His plan is just an excuse to give more money to investment houses...
I don't see a problem with encouraging investment. In particular, I'm hoping that the administration picks up on the idea of replacing the federal income tax with a federal sales tax. [fairtax.org]
Additionally, I'm personally in favor of a plan that eliminates the Ponzi-esque "pay-as-you-go" feature of
Re:Money is bad (Score:4, Insightful)
In a nutshell, his major opponent was an imbecile who couldn't campaign his way out of a wet paper bag - he lied when he should have told the truth, and told the truth when he should have lied.
Just how stupid is America?
Not quite stupid enough to let the Agriculture and Fishery Meeting adopt Software Patents for all of Europe without a vote, but beyond that, no brighter than anyone else.
It's always interesting to see people who assume that THEIR interests should be assumed by a foreign government. Hint: the EU government, nor any member nation has my best interests at heart (these days, I'm not even sure it has the European people's best interests at heart). The US government doesn't have the best interests of Europe or Europeans at heart (and it may not have the best interests of the American people at heart - at least not the hlaf that's out of power at any given time). And that (the non-parenthetical part) is the way it should be.
Re:Money is bad (Score:2, Funny)
Re:Money is bad (Score:2)
But seriously, considering the Euro shot up from 45/$1USD to 0.9/$1USD, I'm kicking myself for not buying any.
Re:Money is bad (Score:2, Funny)
Of course, you also gave us Eddie Izzard so . . . You break even.
Re:Money is bad (Score:2)
Now who's the one who agreed to give Hitler the Rhineland, the Sudetenland and waited months after he invaded Poland to declare war?
Re:Money is bad (Score:2)
The British declared war on Germany on 3 September, 1939, just two days after the invasion of Poland began.
Re: (Score:2)
Re:Money is bad (Score:3, Informative)
One must keep in mind that Britain only began mobilization for war the day after the invasion of Poland. Shifting from a peacetime stance to wartime mode is not done overnight - the British didn't even get conscription going for a
Re:Money is bad (Score:3, Insightful)
Seriously, could someone please explain to me one more time how it is that this man was even re-elected? Just how stupid is America?
I'm no Republican, but I really think that if the Dems would have focused more both on what they wanted to do with this country and what grievances they had with the previous administration, instead of calling Bush and Republicans alike silly names, they may have had a chance.
I'll be the first to admit that many Republicans sunk to name-calling as well, but I'll bet quite a
Re: Money is bad (Score:1)
> Well, he garnered the most votes, IIRC. How's that royal family of yours coming along?
LOL.
Re:Money is bad (Score:1)
On a more serious note, though, I do agree that the monarchy has become largely indefensible in an age of mass poverty and starvation, and where even in supposedly developed countries basic public services (NHS; Royal Mail; public transport; state education) do not function. The amount of money they have/make could and should be better spent on (e.g.) education and hea
Re:Money is bad (Score:2)
Re:Money is bad (Score:2, Insightful)
I guess every nation is irrational in different ways. I understand the dynamics that created Bush, they don't make me proud - but I do understand them. I just don't understand what keeps the British royal family not only supported financially, but popular as well.
Re:Money is bad (Score:2, Insightful)
Re:Money is bad (Score:2, Flamebait)
Translation: I am shocked that the majority of Americans disagreed with me that Bush (insert moral rant).
Have you ever considered the possibility that the typical American is actually the smart one, and you are stupid?
Perfectly Rational (Score:2)
Re:Money is bad (Score:2, Funny)
Re:Money is bad (Score:2)
The US has made the situation much worse by supporting Israel since the late 40s, but the UK cannot absolve themselves of responsibility for the mess by simply walking away.
Re:Money is bad (Score:2)
Unfortunatly, most of my countrymen, if they cared to listen, would either ignore or not believe what the heard. Failing those two, they just wouldn't care. I'm not saying that America's foremost interest should be what the rest of the world thinks, but, on the other hand, we can't bu
Re:Money is bad (Score:2)
Yep, considered the notion and discarded it.
It is not just my opinion, Bush lied to the nation and the world.
Re:Money is bad (Score:2)
Most people in America don't care what happens over the Atlantic... sounds bad, but it's just how it is right now.
Re:Money is bad (Score:3, Insightful)
Expect a flurry of comments all saying the same thing "You've been brainwashed."
The best part is I think a lot of the people on the left don't realize they have been exploited by individuals like Michael Moore, Franken, Stewart, Richard Clarke, etc so that they can sell their books. I really think they believe the saw only cuts one way.
Re:Perfectly Rational (Score:2)
Also, his image of a "just folks" honorable man still seems to play well with the religious right. To believe that Bush is a good man is to
Re:Money is bad (Score:3, Interesting)
I said that right continuing to believe that Bush is a good president is an irrational
Re:Perfectly Rational (Score:2)
As to the
Re:Perfectly Rational (Score:2)
Re:Money is bad (Score:2)
Well, I don't know.
I was the one saying "There's likely no WMD's over there, but let the inspectors finish their work. Saddam likely wasn't dumb enough to keep 'em."
I was NOT the one saying "I know where they are."
I can factually support that Bush and his Cabinet said such things, and I can factually support that his supporters did so as well. I can also factually support that Bush and his supporters were WRONG, and those against the war were RIGHT.
Now spin that. I'm sure you'll try. But that's the
Not surprising really.. (Score:3, Insightful)
Re:Now you've done it! You've offended Ronald. (Score:2)
Yes, but they ate there of their own valition... I was never given a vote for the Iraq war.... And the people I voted didn't win their election... Where's my representation?
big money... big money... (Score:2, Insightful)
idunno, wouldn't it be nice if we had a president that could have an inaguration where of their own desire, fireworks artists would want to donate a performance, the police would want to volunteer extra unpaid time, caterers would donate food, singers would donate performances, etcetcetc.
large corporate monetary donations, fundraiser dinners, et all seem so cold to me.. inagural day comes off more as a stockholder's holiday weekend to me.
Re:big money... big money... (Score:2)
No, I agree, my first post was a total pipe-dream, and the criticism was not just directed at Bush but all of 'em. I was exaggerating to allude to an ethos that I don't see us having.
It definetly wouldn't be as haute coture, but I'd rather see a ragtag heartfelt inagural ceremony than a spitnpolish blacktie theatrical event, just like i'd rather a maccaroni xmas card from someone who can't afford much than something glitzy from someone who can afford anything.
Symbolism (Score:1)
What's the point? (Score:5, Insightful)
Is there something special we're supposed to be inferring? Slow news day?
Re:What's the point? (Score:4, Funny)
According to most TV reports and newspapers, any of the following should be fine:
- Tony
Re:What's the point? (Score:2)
Re:What's the point? (Score:2)
Re:What's the point? (Score:3, Interesting)
Bush is a bad president because he of the incredible corruption. Just follow the realations and the ties (including family) between him, Saudi's, Halliburton, Fox News, Baseball, energy companies . . . It's just incredible.
I didn't like Clinton. I wanted Bush instead of Gore. Bu
Re:What's the point? (Score:2)
His personal rhetoric doesn't back up that claim (of course, he may just be being PC for a photo-op):
"Americans practice different faiths in churches, synagogues, mosques and temples. And many good people practice no faith at all."
Check out Positive Atheism's Big List of Quotations [positiveatheism.org]
Re:What's the point? (Score:2)
Re:What's the point? (Score:2)
Re:What's the point? (Score:2)
On the other hand, Clinton thought that 49% of the votes, and 17% of the country was a "mandate", after his second election.
And after his first, he thought that 43% of the votes, and 17% of the country was a "mandate".
Incidently, Bush got 62,000,000+ votes, which is a lot closer to 22% of the country than to 16%.
Re:What's the point? (Score:2)
And at the center of it all... Kevin Bacon!
Don't get carried away with that conspiracy theory bullshit, dude. So the Saudis bought and sold shares in a company that had previously been owned by a corporation that Bush Sr. was a big stockholder in? Big farking deal.
Re:No more michael powell! (Score:2)
Re:What's the point? (Score:4, Insightful)
Bush is a bad president because all of this fru-fru pomp and circumstance is inappropriate when the country is at war. Life should not go on like normal for the people responsible for sending the military out to risk life and limb. Celebrate when the killing is over.
If Kerry, or even Dean had won and were doing the same thing I'd say the same thing.
Re:What's the point? (Score:2)
Do me a favor and call me when ANY ONE of the following ceremonies are cancelled:
- Golden Globes
- Acadamy Awards
- Grammys
Taking the costs associated with the events related any one ceremony above dwarfs the amount of money spent on the inauguration. At least the inauguration serves a real purpose.
Re:What's the point? (Score:2)
Difference between president and employees (Score:2)
Re:What's the point? (Score:2)
Don't worry: you can just force the city of Washington, DC to pay for it [washingtonpost.com]
Cancel the oscars, grammys, and parties as well (Score:2)
We might as well shut down all the night clubs and party spots while we're at it. What do these people thing we are doing? I mean, we're at WAR!
We should go through and just shut down entire cities. Las Vegas, Atlantic City. Heck, we should probably shut down the entire state of Hawaii! Why would anyone want to go there? We're at WAR!
Re:Cancel the oscars, grammys, and parties as well (Score:2)
You will actually have a point just as soon as hollywood declares war and sends a thousand American troops to their deaths.
And no, I don't expect the MPAA to get American troops sent in to "liberate" Hong Kong from DVD pirates.
Re:What's the point? (Score:2)
When will that be? USA has been in continuous active military engagement (public or covert) for over 60 years. Taxpayers support over 700 military bases outside of the USA. Land mines are still exported. Other nations cannot have WMD, but the USA hoards and develops them, with an eye to monopoly and impunity, and a demonstrated willingness to use them. The 'war on terror' is designed to be endless, since it self-generates enemies (a perfect military ecology)--and the Adm
Re:What's the point? (Score:2)
Mind you, in real (inflation-adjusted [westegg.com]) terms, they're about the same. I don't have the exact figure for both, but Clinton's 1993 expenditure is about $42m in today's dollars.
To put it into perspective, that's about 18.1 cents for every U.S. adult.
Re:What's the point? (Score:2)
Are you kidding????? This is quite possibly the best news I've ever gotten from slashdot. Perhaps now I can finally convince my fairly liberal sole Eudora user to let the program die. Die Eudora Die!! Even better, Michael Dell was a big contributor. Perhaps this is just what I need to convince the fairly liberal management to let me go with a local vendor using standard parts. Thank You Slash
Re:What's the point? (Score:2)
Did you know FDR skipped out on any big celebration during his relection during WWII? That's class, my man. Class.
Re:What's the point? (Score:2)
If that is true, then I'd like to see some more of that kind of frugality in the future.
Is it true? Reference?
Re:What's the point? (Score:2)
Points about the money (Score:2, Informative)
BIGGEST DONOR LISTED:
Ameriquest Capitol (4 divisions worth)
$1M to inaugural, $2.25M to the republicans, $470k to the democrats, $1M to Bush
OIL (for the Iraq invasion fans):
T. Boone Pickens $250k for inaugural, $125k to Reps, $1k to Dems, $4k to Bush
Chev
Love the U.S.? Educate yourself about the U.S. gov (Score:4, Interesting)
If you love the U.S., you will educate yourself about what the U.S. government is doing:
Unprecedented Corruption: A guide to conflict of interest in the U.S. government [futurepower.org]
History surrounding the U.S. war with Iraq: Four short stories [futurepower.org]
New York Governor Pataki's statements are equivalent to a declaration of war. [futurepower.org]
U.S. Federal Deficit by Political Party [futurepower.org]
Surprised? (Score:1)
funding Bush's party? rather... (Score:2, Funny)
"We have a calling from beyond the stars to stand for freedom, and America will always be faithful to that cause."
I once worked at a mental home; there, you could pick up sentences like that all the time. You know, people hearing voices, callings from the Great Beyond and stuff. Scary.
Re:funding Bush's party? rather... (Score:2)
I'm naturally inclined to agree, but that's because I think most religious people are at least a little insane.
Don't get me wrong, some religious people are really nice. But nutty.
Re:funding Bush's party? rather... (Score:2)
I'm naturally inclined to agree, but that's because I think most religious people are at least a little insane.
Don't get me wrong, some religious people are really nice. But nutty.
You should make a distinction as to which religion(s) you're talking about. There are a great many religions, and many of them share more in common with Atheism than they do with eachother.
Lumping all "religions" into one category draws a lot of conclusions about the value structures of the participants.
Even within a reli
Re:funding Bush's party? rather... (Score:4, Insightful)
I suspect the apple does not fall far from the tree. As someone who believes strongly in freedom for all to believe or not believe in anything they want, I am extremely offended that two of my presidents do not feel that I deserve to be an American or a patriot, because of my beliefs (or lack thereof).
That alone is all the reason I need to dislike Bush and not support him - the rest of his actions and policies be damned.
(By the way, I'm actually agnostic; not atheist.)
It's time to bury this lie (Score:2, Interesting)
Re:It's time to bury this lie (Score:2, Informative)
Okay. How about this. Though I'm sure you'll nit-pick and say that he doesn't explicitely say the same phrase here. But he does elude to his initial comment over a decade ago and re-affirms it, in the context of being president rather than being a patriot. When he first made the statement (I remember it, I was about twelve years old when it happened), he had continued by saying something to the effect that an atheist could not be president, because an at
Re:It's time to bury this lie (Score:2)
Bulllll Shit (Score:2)
Now if we had a Constitution or Libertarian prez.. (Score:1)
Here's a question... (Score:2)
not that I believe it for a minute, but it would add a depth to the story...
Aw crap... (Score:2)
teach me to post on a friday night after a few small ales.
Cancel the Academy Awards (Score:3, Insightful)
Re:Cancel the Academy Awards (Score:2)
Second, call me when the Academy is able to force the city of Los Angeles to pay for the award ceremony. Since the city of DC -- not the fed. gov't or republican party -- has to pony up for this. Who do you think is more deserving? DC schools or cops, or parties for the wealthy? Justice is a timeless ideal.
Re:Cancel the Academy Awards (Score:2)
Less than 6 million will be on DCs plate after they are re-imbursed. As for deserving? The DC Council is a bunch of idiots that have driven the city into the ground and severly missmanaged their finances. And it also appears you forgot about the Commander and Chiefs ball that is free to all military when you say "parties for the wealthy".
DC cops? Their gettin OT pay for this. The schools suck but that isn't due to lack of fundin
Soft bribery (Score:3, Insightful)
So I was thinking about this yesterday. There's an argument that 1st Amendment free speech requires that spending on political speech not be limited. But is that what's going on here? If I give money to the Democratic Party, is that me expressing my opinion? Or is it me trying to buy influence? And if I'm free to spend my money any way I please, doesn't that mean bribery should be legal? So obviously, there must be limits to what we're allowed to spend our money on.
Language matters. The labels we put on things effect the ways we think about those things. So let's change the language here to call a spade a spade, just like RMS suggests we call DRM "digital restrictions management". So I propose that we call these "soft money" contributions "soft bribes". Because that's what they are.
Can a tax accountant/attorney answer this one? (Score:3, Interesting)
Or am I asking something I already know the answer to?
Re:Can a tax accountant/attorney answer this one? (Score:2)
As for you paying for it? If you don't live in DC, you are not paying for any of it directly, but might be paying part of the re-imbursement that the city spent. (~11 million re-imbursement.
If you live in DC, the remaining 6 million that is not getting re-imbursed has prob
Re:Once again, it's Bush Hatin' Time! (Score:2)
Get one thing clear, pal. We are pissed! Every patriotic American ought to be mad as hell about the damage to this great country being inflicted by W and his cohorts. From the raping of our natural wonders to the rampaging federal deficit to the immoral war and support for torture, this President is as opposed to American values as any we've ever had. Sore losers? Hell yes, we'
Re:Once again, it's Bush Hatin' Time! (Score:4, Insightful)
I'll have to agree with you on this one. Ranting about the cost and extravagance of the inauguration is silly. About the only criticism I can make of it is:
- Some of those singers they were unbelievable. Kind of proves Republicans are some combination of tone deaf or don't know how to throw a party. The fact they are going after Sponge Bob now confirms a few screws are loose someplace.
- That speech Bush gave was silly. All that never ending repetition of freedom, democracy and liberty. Everyone knows he his only going to liberate countries that are:
o Anti American
o Have oil
o Are a threat to Israel
Amazingly Iran pops to the top of the list on all counts. Venezuela is right up there too though they happen to have a democraticly elected government, it wasn't a perfect election but it was better than all the countries below. Meanwhile he ain't gonna lift a finger about the dicatorships in:
o Saudi Arabia
o Kuwait
o Egypt
o Pakistan
o Russia
o China
o Tajikistan, etc.
I love it how right wingers used to rant about Communist dictatorships but now that they are all making a killing in China they love the place and its government, though it hasn't really changed other than they threw open the door to the running dogs to make a fortune on their cheap labor, and transfered the world's economy to China's control. The Chinese are genius, they beat capitalism at its own game and destroyed it without firing a shot.
So all in all I'd agree ranting about the inauguration shows a lack of focus on the part of the media and the left. Lets:
- Focus on the quagmire of a war in Iraq. Here [counterpunch.org] is an interview with an Army medic back from Iraq. Right wingers rant Iraq is going great and its the "liberal media" thats just making it look bad. Well this is grunt that was there and his main complaint is nobody in Iraq wants the U.S. there anymore and he had no clue what the point of the war is other than control of oil and he apparently isn't alone among the enlisted men. Don't listen to officers on Iraq, they are gonna spew the company line, the grunts will tell the truth.
- Focus on the fact Bush has increased government spending over 25% in three years at the same time he slashed taxes for the wealthy and is pushing U.S. debt to unsustainable levels. The U.S. government is becoming so in debt to China and Japan they can start dictating policy to the U.S. There is an old axiom the Bush administration has forgotten, "Neither a borrower or a lender be", well at least the borrower part is true. The U.S. is by a huge margin the world's largest debtor nation now and that debt is going to come home to roost. Just because it hasn't yet doesn't mean it wont especially when its hitting these extravagant levels.
- Focus on the staggering trade deficits the U.S. is running with the world especially with China. It is crossing the 5% of GDP market and deficits of those levels violate every tenent of sound fiscal policy and again are not sustainable. The U.S. will be come so mired in debt it will again be vulnerable to foreign blackmail or foreign induced economic collapse
- Look at the state of the U.S. dollar especially compared to the Euro. It makes U.S. exports cheap but otherwise its a disaster waiting to happen and its cratering because of fundementally unsound fiscal policy coming out of the Bush administration. Foreign investors, especially OPEC states are getting tired of taking a bath on their dollars and are dumping them for Euros. There is also a real risk now they will start selling their oil in Euros and the dollar will stop being the worlds main currency. That will be another devastating blow to the U.S. economy and the dollar's value.
- Foc