The economy is doing so well that the Euro is now worth more than the dollar. Way to go Bushie!

Bonddad at No Quarter
...the rise of the Euro internationally is another sign that the U.S. dollar is not what it used to be. There is increasing pressure on nations to buy and sell oil in euros, and anecdotal evidence suggests that drug dealers and money launderers now prefer euros to dollars. Historically, the underground cash economy has always sought the most stable and valuable paper currency to conduct business.

This is what happens when supply-side economics and rampant "shop 'til you drop" consumerism is the dominant economic policy of a nation.

The US government has run massive fiscal deficits for the last 6 years. Despite the accounting tricks used to mask the deficit's true size, the Bureau of Public Debt reports that total outstanding debt on September 30 2001 was $5,807,463,412,200.06 and currently stands at $8,593,076,179,156.67 -- an increase of 48% in six years. At the same time, the US government has cut taxes and gone to war, which has increased discretionary expenditures over 30%.

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