Meanwhile, the dollar has at a three-year low versus the yen, and, versus the Euro, hit the bottom of the barrel, thoroughly scraped it, and then smashed Hulk-like through to the other side, where it continues to plunge.
I'm no economist. Heck, I majored in English. But even I can tell that this ain't good news.
How can I tell? Oh, let's just say that the pendulum swinging in the other direction usually heralds bad news. America has essentially reversed all of the economic gains it made in the 1990s. Gold is at its highest point since Bush the Elder was in office. Foreign currency has jumped compared to the dollar since the time Bush the Younger got the Oval Office handed to him by the Supremes. Employment is down. Executive salaries are up. The gaps are widening: the American poor vs. the American rich and America vs. the rest of the world.
I keep hearing news of how the recovery is real. What kind of recovery are we talking about, there, except a recovery for the wealthiest? In the end, something's gotta give, and with Bush in office that something's likely to be the backs of the poor and middle class of this country.