The Peach

Proudly providing the reality-based community with the juice on politics, media, religion and culture

Saturday, November 20, 2004

That Sucking Sound You Hear. . .

is the sound of the U.S. economy being flushed down the toilet. While this administration tries to distract us with rumblings about Iran, a number of economic indicators have floated under the national radar. Before fleeing the country (his modus operandi), Bush signed legislation to raise the national debt limit by $800 billion, bringing overall debt to a whopping $8.2 trillion. The Peach reckons that by saving us from the "tax-and-spend-liberals" Bush has created a "don't-tax-but-spend-anyway" form of government that is saddling this country with a debt never seen before.

And if that's not enough, Forbes magazine announced that the American dollar has now reached a record low against the Euro. At one point the dollar fell to nearly $1.31 for every Euro before settling at just under $1.30. If anything, this may explain why the SCLM is constantly reminding us how much foreigners hate Americans. We'll be discouraged from spending our money there and ignore the fact that a dollar is only worth a dollar in the ole U.S. of A.

Finally, the Index of Leading Economic Indicators fell in October for the fifth straight month, suggesting what one economist called "a clear signal that the economy is losing steam." What happened to all that "turning the corner" malarkey? The Peach hopes that all those "sure, we'll drink your Kool-Aid" Bush voters are paying attention. While they blindly watch this economy bottom out, they are going to get a tongue-lashing from The Peach from now until 2008.

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