Capt. Bush says, "That the economy is growing due in part to tax cuts."

[Botany]

Fox News: "Capt. Bush today give crew members and passengers a chance for a refreshing swim
today. Do you think the democrats criticism of Capt. Bush will take a the fun of the R & R activities?"

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/04/22/cnriks22.xml&menuId=242&sSheet=/money/2006/04/22/ixcity.html

Dollar falls after Sweden echoes global switch to euros
By Ambrose Evans-Pritchard (Filed: 22/04/2006)

Sweden has slashed its holding of dollars in the latest sign that central banks across the world are starting to shun US paper.

The Riksbank said it had cut the dollar share of its $21bn (£12bn) foreign reserves from 37pc to 20pc over the last four weeks, switching most of the money into euros. It has also trimmed its holding of sterling from 11pc to 10pc. The surprise move sent the dollar tumbling to $1.2342, down almost 2pc for the week. It fell to $1.7822 against sterling in New York trading.

Traders were already skittish after warnings from Bundesbank chief Axel Weber that financial markets were at risk of "significant negative consequences" from a possible slide in the dollar and a sharp rise in US bond prices as capital inflows dried up.

The Swedish move follows comments over the last month from officials in Saudi Arabia, Kuwait, and Qatar hinting at a partial switch of their dollar-heavy reserves into euros.

[FogerRox]

1. Have a drink George, KNR

[Proud_Democratt]

2. huh???????????

:wtf:

[oscar111]

3. Hoover's tax cuts for the rich caused the Thirties.. Great Depression

toss trickledown.. wages lower than in 'eighty. .. adjusted for inflation

WAGES are the real measure of the economy. Wages are dropping, so the real economy is not growing. It is sinking.

The result will be a copy of Mexico.. that is the GOP goal... lots of folks working for pennies.. a few billionaires in the middle saying "the economy is growing wildly".

[DeadManInc]

4. So is the fucking defecit!

[DBoon]

5. Bush is exactly right this time

the tax cuts benefited the wealthy, and for the wealthy the economy is doing great.

Prosperity for Bush's base. Nobody else matters.

[WePurrsevere]

6. "...central banks across the world are starting to shun US paper." Even

other countries can see that we're in too deep with too much debt, taking on more and with no real way to pay it off with "stay the course" BushCo and his cabal in charge.

Bush truly is totally disconnected with the reality the rest of us live in. He sat back and just watched as the towers were burning and people were dying in NYC... he sat back and just watched as the flood waters rose and people were drowning in New Orleans and now he sits back and just watches as average poor and middle class Americans are slowly crushed under the weight of this so called "great economy" of increasing debt, increasing prices and decreasing or stagnant wages. As long as his rich buddies are doing okey dokey it's all good. :puke:

[MiniMe]

7. And any possible benefit is lost at the gas pump

And for most of us, we are losing more than we gain. Spector is thinking about proposing a windfall profits tax on the oil companies instead of going after the oil companies for price gouging. I wonder if the freepers will ever figure out that the consumer is paying for that windfall profit tax, so it is in effect a regressive tax increase.

[DemonFighterLives]

8. What about Poland?

This is not a good sign.
:argh: