November 5, 2007

The Dollar Should Be an Election Issue

This is disgraceful:
Nov. 5 (Bloomberg) -- Gisele Bundchen wants to remain the world's richest model and is insisting that she be paid in almost any currency but the U.S. dollar.

Like billionaire investors Warren Buffett and Bill Gross, the Brazilian supermodel, who Forbes magazine says earns more than anyone in her industry, is at the top of a growing list of rich people who have concluded that the currency can only depreciate because Americans led by President George W. Bush are living beyond their means.
Conceivably the damage that the Bush-Rove-Delay-Lott Republicans have done to America's standing in the world economy will eventually eclipse Bush's incompetence as a war leader.

This should be an election issue but, in the political big leagues, the straight talk required is probably perceived as electoral suicide.

Afterthought. During the Clinton-era Internet bubble, America was leading the world into the future; when the bubble burst, much of enduring value survived and continued to grow. During the Bush-era real estate bubble, America fabricated funny money; the aftermath is cruddy reposessed property.

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