Newsweek's financial columnist Daniel Gross in the January 7, 2008 edition of that news magazine told about going to Starbucks in London with $8.00 remaining on his Starbucks credit card.  After he was served a cup of coffee and bought a newspaper, the waiter frowned as he told him he owed 40 pence more.

The shrinking dollar could not buy coffee and a newspaper with the $8.00 remaining on his Starbucks credit car; he owed 40 pence more.

In summer 2007 the dollar hit a 27-year low against the British pound and a 31-year low against the Canadian dollar.  That represents a 38% drop from the 2002 peak.

The sharp decline of the U.S. dollar has definitely threatened the dollar's former status as the world's reserve currency, where it has been since World War Two.  Gross explained in his brief London trip about that dollar's low ranking against a stable British pound currency how the destruction of the U.S. dollar's value could eventually hurt U.S. consumers even more.

Will Bush take bows for destroying the dollar?

Maybe!  Bush has taken bows for everything else.  But the terrible truth is that George Bush, Dick Cheney and their Republican robot Congress have drive the U.S. debt deeper than any other administration since the United States was founded.

Fact is, the current U.S. debt has put the U.S. dollar in a free-fall against the British pound and the Euro.  The present U.S. debt is now greater than all of the other administrations since the U.S.A. was founded combined!  

With wrong war Bush at the helm of the ship of state, we are sinking fast economically.