Susie Cagle Susie Cagle, 11/9/2007 [Archive]

Wall Street Fumbles the Dollar Tanks

Wall Street Fumbles the Dollar Tanks

Between free-falling currency and the aftermath of a burst housing bubble, this year has not been kind to the US dollar--but this week was even worse. As the rate of inflation showed no sign of slowing down, the Fed almost-maybe threatened to lower interest rates yet again. You know it's bad when the Canadians are poking fun at the now-inferior American dollar.

But there is an illustrated silver lining to all this. The dollar is an op/ed triple-threat: it's an occasion for cartoonists outside the U.S. to poke fun at something uniquely American besides President Bush; it's another chance for Democrats to pick up that slack and take the Bush administration to task for their shoddy handling of the economy; and it also gives Republicans the opportunity to wave their fiscal responsibility flag--even though they are the biggest spenders of all.

Susie Cagle is a graduate of the Columbia School of Journalism. She currently lives in Brooklyn, New York and works as a freelance writer. Reach her at susie@cagle.com.

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