12.28.2007

RIP: The American Dollar (Or Why You May Be Able to Use Your Paycheck to Wipe Your Butt RSN)

Well, the ruination of the economy and the labor market the Bush-Cheney Administration worked very hard to bring about in record time between the December day they stole the election from Al Gore in 2000 and the first 100 days of them "presuming" office in January 2001, and continued throughout their absolute monarchy is almost complete.

We've already seen - for the first time - economists in many other lands besides our own say the American dollar is increasingly useless and is shunned compared to many other emerging players like China and yes, even Iran and the Euro. Also a firstie: the Canadian dollar has become (significantly) more valuable than its U.S. counterpart, a phenomenon many said would never happen. We've seen the middle class grow poor and more home foreclosures in this country than at any time since the stock market crash and resulting economic phenom known as "The Great Depression" began in 1929. [As Bush would say, look at the good side: at least poverty is up and those we owe money TO are making huge additional money in obscene charges for debt).

Now, many are saying flat out that the dollar's days are numbered, which means ours as an economic superpower also are numbered. I can't help but think that it's all too apt to say that the buck stops with Bush and Cheney, because it quite literally may, even before they leave office on January 20th, 2009.

Here's one example of the dollar's funeral dirge submitted by Reader Sharon (whose typing is only slightly better than her marksmanship).