It's Time to Flog Our "Government"

The fall of the dollar means that Americans will pay more for almost everything. The "correction" had been overdue since the US became a debtor nation, a process completed under Ronald Reagan. It was on September 16, 1985, that the Commerce Department announced that the United States had become a debtor nation and it was on that day that the American Empire died. Since that date, the GOP has been content to let consumers suck up the trade deficit with fewer real jobs. The GOP got away with it as long as China propped up the buck in order to fill the shelves at Walmart. An emerging stronger Euro changed everything.

The collapse of the dollar might not have mattered as much if the US had not over many years of incompetent GOP missrule and corruption become a net debtor nation. US consumers are utterly dependent upon "cheap" merchandise from abroad; a falling dollar is catastrophic. So far, CNN and the US media seem to be treating this like a novelty story, a "kicker" at the end of the real news. Like the Democrats who thought they could "play" Bush's game and win, they just don't get it. The average American may not "get it" but he will most surely pay for it. More...