Today the Canadian dollar is trading on par with the US dollar, something not seen since 1976. That's bad for me as I used to buy Canadian dollars for much cheaper. A little more than 5 years ago the cost was as little as 62 cents. Now I would be better off working in Canada to better afford living expenses and mortgage. I think this is just the first strong economic signal revealing how badly Bush has lead the country. Now I'm curious to see how the US will manage to finance its debt as foreign investors continue to dump the US dollar.Interesting when you open your window to perspectives not driven by the US spin doctors. And of course, The W is on rapid fire with the Presidential Propaganda Catapult fully loaded:
Q Mr. President, economists say that the nation is at increasing risk of recession. What do you say?Proving once again that simply because the President says something doesn't make it true. Try convincing some one who just had their house foreclosed on them if they think the economy is strong.
THE PRESIDENT: I say that the fundamentals of our nation's economy are strong.