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Nov. 16th, 2004 08:12 amThe Dollar Is Down, but Should Anyone Care?
By EDMUND L. ANDREWS
"WASHINGTON, Nov. 15 - It sounds eerily like the worst economic nightmare for President Bush's second term.
Bogged down in a costly war that shows no sign of ending, the United States faces a gaping budget deficit and ballooning foreign indebtedness. The dollar plunges against other major currencies, while turmoil in the Middle East sends oil prices soaring. The rest of the decade is plagued by rising inflation, increased joblessness and sky-high interest rates."
By EDMUND L. ANDREWS
"WASHINGTON, Nov. 15 - It sounds eerily like the worst economic nightmare for President Bush's second term.
Bogged down in a costly war that shows no sign of ending, the United States faces a gaping budget deficit and ballooning foreign indebtedness. The dollar plunges against other major currencies, while turmoil in the Middle East sends oil prices soaring. The rest of the decade is plagued by rising inflation, increased joblessness and sky-high interest rates."
