Thursday, December 02, 2004

The Late, Great American Dollar :: AO

Is the dollar doomed??

Does George Bush care that he's wrecking the US economy? Probably not, so long as his greedy friends get richer

Two weeks ago, Federal Reserve Chairman Alan Greenspan urged the Bush administration to reduce the budget deficit and encourage more personal saving here at home. He said foreign investors were not likely to finance America's huge and growing trade gap forever, and he implied that if current trends continued, the U.S. risked a currency crisis.

This is not the first time we've heard these warnings. But it is the first time we've heard them from Greenspan.

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