Bush stands up for strong dollar. Sorta.

[shamrock_uk]

http://news.bbc.co.uk/1/hi/business/4031197.stm

President George W Bush has again said he is committed to a strong US dollar. Mr Bush said the best way to reassure those concerned about the dollar's decline was to deal with his country's large budget deficit. *snip*

Yet it is clear that the federal government will continue to borrow. Only last week, the president signed a new law, allowing the government to increase its borrowing by a further $800bn.*snip*

Does he think he can make unplausible announcements like that and we just won't notice that his administrations actions are in direct contradiction to his words? He's just paying lip service to fiscal discipline whilst practicing precisely the opposite.

[ 11-22-2004, 07:46 AM: Message edited by: shamrock_uk ]

[Timber Loftis]

Bush's philosophies:

Say whatever you want and the people will believe you. Do whatever you want and the people will support you. Even if these two are contradictory.

I never met a spending bill I didn't like.

[Azred]

This is why financial/monetary policy should be handled by the Fed and not the President. In fact, when asked about fiscal policy, the President should say "according to the Fed, they recommend ...". Trying to take a more direct hand in shaping fiscal policy leads to disaster.