Sounds like another, "Bush's fiscal irresponsibility is causing the crash of the dollar" article.
"Sounds like another, "Bush's fiscal irresponsibility is causing the crash of the dollar" article."
One can argue about whether Bush's policies are fiscally irresponsible or not, but that the dollar is being traded like a discounted junk bond on foreign markets, underground or otherwise is a significant event.
The traders in China are betting that the yuan will have to float, given the fact that current US policy is not to intervene in currency markets on behalf of the dollar (which is a futile endeavor anyway).
The current policy, the current events and the response to them ARE Bush's responsibility. I think that expansion of government, unrestrained spending and election-year loose fiscal policy are a bad thing.
If you think otherwise, I'd like to know why you think it.
The Dollar is very possibly going to crash, and that has very little to do with Bush. It is a very serious and very real problem however. You shouldn't just dismiss such things quite so readily.