Monday, November 08, 2004

We Don't Have Toilet Paper, But We Have These

Perhaps in retaliation for the re-election of the Shrub, currency markets have driven the dollar to record lows against the euro, and for now, European officials do not intend to intervene to stop the dollar's decline.

The decline has continued throughout the week, despite positive news about the U.S. economy that included a decrease in oil prices and an increase in job growth. However, the U.S. has been borrowing heavily to cover their significant budget and trade deficits that have accumulated over the past four years and currency markets have reacted appropriately. Hmmm, what would the budget deficit look like if it weren't for the stupid war in Iraq?

Bush Administration officials remained unconcerned, declaring that demands for Halliburton, er, U.S. products and services overseas is limitless.

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