It Was Nazi Joseph Goebbels Who Proved the Value of a Repeated Lie
Bush's Disastrous Dollar Policy
By Dan Froomkin Special to washingtonpost.com Thursday, November 8, 2007; 1:32 PM
President Bush doesn't talk about the dollar much, but when he does, he's got exactly one thing to say about it: "We have a strong dollar policy."
It's becoming increasingly clear, however, that Bush's "strong dollar policy" is driving the greenback into the ground.
The dollar is hitting record lows this week amidst fears that the mortgage-market meltdown will spread to other parts of the economy and as the Chinese make noise about moving more of their investments into euros. But it is the underlying dynamics of the American economy -- continued massive trade deficits and a whopping national debt -- that have put the dollar in such a precarious position.
It's not popular to compare this administration to Nazi Germany, not considered patriotic. And yet the continued Bush mantra "We have …