The Dollar Devalued?

I understand all of that, filmbuff, but I don't see how we'll ever recover with our President giving money away by the millions every time it suits his fancy. We'll be bankrupt before he leaves office.

Oneandonemakessix is right. All Presidents give away foreign aid like mad. There are a quite a few other issues making our economy weak, even though the current administrations claims it is strong. The weakening housing market and lack of fiscal responsibility are huge factors in this problem. All the money going to the war machine in iraq and private companies is making them rich, but hurting our overall economy because we can't take care of ourselves. Jobs going away, lack of health insurance and lack of consumer confidence isn't making matters any better either, and don't forget about the huge price of oil and gas. Since Katrina was brought up, it really, really bothers me that the government refused so much foreign aid, both domestic and from abroad. Walmart trucks filled with food, water and clothing were ordered to turn around. Mexico sent in bottled water and it was refused. It's pretty bad when Mexico gives us water...what does it say if we won't take it...