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Originally Posted by Ramster
Bush has killed the US dollar compared to the rest of the world and I'm sure that's gotta hurt imports and exports
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In the short term it
HELPS imports, which is why he did it. But in the long term it leads to galloping inflation and (eventually) a recession or even a depression.
This is one case where George W. is not actually stupid. At the moment it makes things look good in the economy, but it a few years time the shit will hit the fan. So people will look back and say "He must have been a good president because while he was in office we had a good economy, but after he left and another president took over we had galloping inflation ($10 loaf of bread anyone?) and finally went into another depression."
This is the one reason your 2 term max is not a good idea. George W. knows he cannot stand again, so to look good in history he has to make his term look better that the next. Over here, our prime minister knows that there is a risk that he will be re-elected every time (he is now on his 3rd or 4th term) so cannot afford to do the same shit George W. is doing to you guys.