A week dollar is bad news for everyone in the world. But no matter what your politicians say right now, it's even worst news for the American people, specially, middle and low income folks.
The truth of the matter is that there is only one proven way for the Government to reverse the decline, and that is to cut the spending and raise interest rates. There is really no magic pill here.
However with the mess in Irak and elections coming, that is very unlikely to happen.
The short term meassures needed to start the reversing process and put the economy back on track, are a bitter pill for the American public to swallow and I really don't beleive that anybody for now and at least until the elections have passed, will have the balls to do something about it
