The Terrible Exchange Rate Gap…
Larry Kudlow, who normally sees brilliance in every aspect of the Bush administration’s record, now sees only disaster. Here he is at The Corner: If Sen. John McCain wants to run as a candidate of change, and if he’s truly interested in distancing himself from President Bush, he should reverse the declining fortunes of the Bush wartime dollar. America’s prestige is on the line… The falling U.S. greenback has become a symbol of American decline… Folks are making fun of the dollar. Our enemies around the world are pointing to the unreliable dollar as evidence of American weakness. It’s as though the administration’s neglect of the dollar is “peso-izing” or