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Thursday, November 26, 2009

Economy Nose Dive

http://online.wsj.com/article/SB10001424052748703499404574558724149077910.html?mod=WSJ_hpp_sections_markets
U.S. Dollar Hits 14-Year Low Vs. Yen

The American government continues to claim that the American economy continues to improve. Many sources seem to think that the American government is destroying the value of the dollar. This makes everyone else's currency more valuable. This means that Americans can no longer to afford many products they used to purchase from over seas. Which I suppose should be considered good, since Americans can no longer buy foreign products, so our money does not flow overseas. However, since many people believe that our economy is crashing and burning, this means that there are no American businesses left to make and sell products to Americans.

I wouldn't worry about no businesses and no jobs. When we are all on welfare, then the current administration will finally be able to publicly announce that their goals have been reached.

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