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I was thinking about this today. If I remember correctly, when the euro came into general circulation (2002?), it was about US$1.35-40 or so. Now, the US$ is 0.60 euros, so there's been a 50% (did I do that right?) devaluation in the dollar. Thanks, Bush.

Like so many others, I'm probably going to limit foreign travel in the next year because of this exchange rate. I hate the feeling of being trapped in Junior's fortress Amurreka.

by Mnemosyne on Wed Sep 12th, 2007 at 07:57:03 PM EST
The euro debuted at $1.17 in approx. 1999. It is now $1.39. It fell as low as approx. $.77 when Clinton was there. I have lived in France since 1990 and the lowest I have seen the dollar was 4.8 francs, the equivalent of $1.37 for a euro.
It's not that the dollar is so low historically; its the trend that is frightening and the sense that we are only at the beginning of the dollar fall.

Hey, Grandma Moses started late!
by LEP (rafifoon@yahoo.com) on Wed Sep 12th, 2007 at 09:20:01 PM EST
[ Parent ]
I suppose that's what is really so bothering:
the trend that is frightening and the sense that we are only at the beginning of the dollar fall

It's been bad enough watching the Bush clusterfuck demolish the Constitution and the military (and feel powerless to do anything to stop it), as well as take huge chunks out of the domestic economy, but we've always, deep down underneath, thought that the dollar would survive his attacks. But apparently not.

I'm probably as pessimistic now as I've ever been about the long-term viability of this country. And I'm usually a bit Pollyanna-ish in that regard--despite our collective failings, I've always felt that we could all pull together to overcome adversity.

Stop the world, I want to get off.

by Mnemosyne on Wed Sep 12th, 2007 at 10:56:10 PM EST
[ Parent ]
If the Democratic congress would vote to stop the war, and cut off funding, you might see a rebound in the dollar. It's amazing Americans haven't caught on yet, although they may be starting to; that Republicans of today, especially Reagan and Bush2, lower taxes unconscionably for the rich, increase spending primarily for the military, which pushes the U.S. into bankruptcy.

Hey, Grandma Moses started late!
by LEP (rafifoon@yahoo.com) on Thu Sep 13th, 2007 at 03:22:40 AM EST
[ Parent ]
Tell me about it. Part of being discouraged comes from the feeling that those of us who oppose the insanities emanating from Washington are just beating our heads against the proverbial brick wall.

You know it, and I know it, and millions of people know it, but just try to get through to the congresscritters who cannot see or hear anything outside the Beltway. It's not just that we have an imperial presidency; we have a disconnected legislature.

by Mnemosyne on Thu Sep 13th, 2007 at 07:22:58 PM EST
[ Parent ]

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