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Friday, May 29, 2009

US Dollar Plummetting: Does Obama Know Why?

The dollar is cracking (down 10% over last month) and will continue to do so as long as Obama keeps his asinine budget plans. Here's the problem: the revenues they're taking in are $3.6 trillion, but Obama's spending plans call for $5.4 trillion in spend. Thus a $1.8 trillion deficit.

A year ago, Obama criticized Bush for excessive spending, this is when the deficit was barely noticeable:

We’re like that cousin who always comes over and never seems to have a job. You know that guy who always has new rims on his car.

Maybe Obama hasn't checked lately but his car seems to have a souped-up engine, a new paint job, new rims, and a Kool-glo around the license plate. For our country's sake, I wish he were out of a job.