Bush Plays Volleyball While Economy Tanks

August 10, 2008 at 3:08 pm 1 comment

Stop whining about high gas prices, the weak dollar, the falling economy, home foreclosures etc you whiners! As George Bush says, “Being president is hard work.” Especially when Bush seems to have nothing better to do than play beach volleyball while visiting the U.S. Olympic team in Beijing.

H/T Andrew Sullivan

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Entry filed under: Conservatives, George Bush, Republicans, Sports. Tags: , , , .

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1 Comment Add your own

  • 1. Paul  |  August 11, 2008 at 9:48 am

    FT.com –This week will be crucial in determining whether the dollar has broken free from its six-year downward trend, as speculation mounts that the U.S. is in the best position to emerge quickly from the economic downturn.

    The dollar index, which measures its value against a basket of six major currencies, put in its best performance for over three-and-a-half years last week and boosted the dollar to its highest level for four months (see chart above).

    Ulrich Leuchtmann at Commerzbank said in a note he expected the dollar to rise “like a phoenix.” He said low U.S. interest rates were not a burden on the dollar but an attraction, proof that the Federal Reserve was able to react quicker to turmoil than other central banks.

    He said that in a very short period, “sentiment turned by 180 degrees – the market now believes that the US economy once again will be able to leave a crisis behind very quickly.”

    Reply

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