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See the original image at nytimes.com —

U.S. Dollar Falls to Record Low Against Euro

nytimes.com — Wall Street was in an uproar on Tuesday as stocks churned, oil plummeted, and policy makers issued a darker outlook on the economy. Meanwhile, the dollar fell to a new low against the euro, GM said it would slash jobs and suspend its dividend, and a report showed that consumer spending slowed in June more than economists had anticipated. *****.

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  • gibson850, on 07/15/2008, -5/+169Haha, Dugg for the picture.

    George: "What, I didn't do anything?"
    • mikelieman, on 07/16/2008, -1/+15Keep it handy, we're going to keep seeing this headline over and over in the coming weeks....

      • mwrl, on 07/16/2008, -1/+2Even more once Obama becomes President and runs the country into the ground.
      • splorpdotorg, on 07/17/2008, -0/+2You honestly think he can do worse than Bush? Seriously?
    • richmomz, on 07/16/2008, -3/+20George: "What, I didn't do anything?"

      Exactly.
    • lennybird, on 07/16/2008, -0/+14You forgot the "heh-heh":

      "What, heh-heh... I didn't do anythin?"

      /fixed.
    • kosser, on 07/16/2008, -7/+2How's about dugg for the content you ***** retard...this is the single most important thing to every american period. wow education is failing us...
    • bales, on 07/16/2008, -5/+5Will someone assassinate him already?
      • krusader3z, on 07/16/2008, -0/+5*knock knock knock*
      • metalclay, on 07/16/2008, -0/+2FBI
      • Bravesguy18, on 07/16/2008, -0/+3"Are you username 'balls' on Digg.com?"
      • theJeebus, on 07/16/2008, -0/+2"We have a few questions we'd like to ask you. May we come in?"
      • willyummy69, on 07/16/2008, -0/+4welcome "bales" as our newest member of the terror watch list.
      • pault107, on 07/16/2008, -0/+1http://metalwrath.net/files/pics/brb%20fbi.jpg
      • frozenpxl, on 07/16/2008, -0/+2*references the FBI immediately responding to a Digg post, of all things*
      • etnuts, on 07/16/2008, -0/+4no can do sir. we can't assassinate Bush.
        Why?
        he still hasn't done anything right yet, like say Martin Luther King or John Lenon.
        Unless hes grown a brain and put all of the taxpayers money into looking for a cure for aids or look for a way to make hover boards then he can be assassinated
    • shadowfoxmi, on 07/16/2008, -0/+1It's more like "What? I didn't do anything. "
    • diggrnumber1, on 07/16/2008, -3/+1he couldn't have done anything - this is ben bernanke's job. but if ben bernanke had done anything, we would only be in a bigger recession. either way, we lose.
      • theJeebus, on 07/16/2008, -2/+1Exactly. This is outside the responsibility of any president. Yet the fools here let their blind hatred for GW bias anything they write.
      • kemp34, on 07/16/2008, -1/+1War destroys a nation's currency.
    • YancyFryJr, on 07/16/2008, -0/+1I just see Alfred E. Newman:

      "What? Me worry?"
    • Smills, on 07/17/2008, -0/+1The Australian Dollar is worth almost 98 American cents. We are catching up! Watch out!
  • krAzykrAkr01, on 07/15/2008, -8/+113"*****"

    I think that's an understatement. We are so screwed.
    • PatrickFisher, on 07/16/2008, -4/+26A pimp wanted one of his girls to move to the US, but she said she didn't want to because the dollar isn't worth *****.
    • oblivinated, on 07/16/2008, -6/+4We'll come back don't worry.
      • msk275, on 07/16/2008, -1/+6Define come back.. this isn't like a U-Turn when you get lost to grandma's house..
      • 5555, on 07/16/2008, -8/+13No you won't and frankly, you don't deserve to. You had ample warning and time to do something about this, but your apathetic population sat around on their fat asses doing nothing but telling themselves first, "we're the best!" and "oh well, we're still better off than everyone else", now "*****". You all allow this to happen through your inaction.

        Now sit back, relax, and enjoy the police state your government has waiting for you, crippled economy that you have created for yourselves, and disdain from the international community for complacency in your government's interfering with sovereign nations, and your plain old ignorance.
      • orlyfactor, on 07/16/2008, -8/+8@5555:

        How is the weather up there on your high horse?
      • catcher6250, on 07/16/2008, -4/+1we will come back, by the year 2040 it will be all better, but that is a long way away
      • rezonq3, on 07/16/2008, -5/+2I am tired of hearing all of this doomsday crap. When will people learn that true economic collapse is only possible with a complete panic of the majority of the population to pull all of their money out of every place it is stored and invested.

        What is accurate, and difficult for most to have faith in, is the markets ability to rebound on a whim. It's all people, and what they are doing with their money. A large part of this drop in the market is people and their lack of faith in the market.

        I am not arguing that there were a lot of poor decisions made, and a recession was inevitable, but the complete economic collapse in the 1929 Great Depression was in large part because of a widespread panic. Had the people in that time just calmed the ***** down and kept their money where it was, things would have still been hard but not nearly as hard as THEY made it. The same goes for today.

        I have had my portfolio hammered these past few months, but I am not exiting the market, nor am I bailing on U.S. investments. We DO in fact have the power to prevent our own economic collapse. We simply have to have the balls to use that power.
    • msk275, on 07/16/2008, -1/+4*****. If I was a business major right now, that's the first word that would come to my mind... *****.
    • duncanm, on 07/16/2008, -0/+4Get used to it. It ain't gonna get much better before it gets worse, methinks.
    • thisguy457, on 07/16/2008, -5/+0Wow you're a retard. Just because the dollar is down against the euro doesn't mean we're screwed. The euro is an over inflated currency, it doesn't buy you ***** in Europe, the only real damage this does is other countries are going to opt to hold reserves in euros instead of dollars. Remember how we used to have gold backing our currency? Well, until recently, other countries had dollars backing their currencies. Now they're opting for euros. This will cause a further decrease in the dollar but in the end, all this will do is hurt the average American's buying power. Which, is still way stronger than the average European's buying power. Also, it'll makes American exports cheaper for other countries, god forbid we get to sell more as a result.

      What the Fed is doing certainly bugs me, but this is a very little deal. The sky isn't falling. Our economy is still the biggest and strongest in the world and is, wait for it, FOUR TIMES the size of the next largest.

      Oh, by the way, to all of the non-Americans who think we're completely screwed, we are the center of the global economy, if we go down, we're bringing EVERYONE with us. So until your economy starts to completely die, we're fine.
      • Demener, on 07/16/2008, -1/+1I agree with your point that we're the center of the global economy, if we go down a lot of other countries are going to feel it.

        Actually all our major trading partners already have.

        What I don't agree with is your use of "if"... its more like "when" and "how badly".
      • krAzykrAkr01, on 07/16/2008, -0/+2Yea, and maybe if you just pray to your god it will all be ok, too. Moron. People like you are the reason we are in the shape we are. Banks and financial institutions are shutting down and being saved by the gov't. Companies are laying people off every day. The money that used to buy a gallon of gas now only buys half a gallon. But we're just fine, huh? Maybe if we just ignore it, it will all go away. That's how we got to where we are.
      • duncanm, on 07/16/2008, -0/+1I don't care if you agree with me or not. It ain't going to change the fact that you've got much tougher times ahead. By the way... I know which state you live in. It ain't Oregon... and it ain't Alaska... it's the State of Denial.
    • ezisk, on 07/16/2008, -5/+1You bet your ass we will come back.
  • foxhaze, on 07/16/2008, -23/+85*quotes Rage Against the Machine*
    *quotes Ron Paul*
    *quotes some guy who saw this coming*
    *Just made the standard Digg comment for this type of situation*
    • UltramegaOK, on 07/16/2008, -3/+19You forgot 1984.
    • rearlgrant, on 07/16/2008, -14/+2You forgot

      *quote //insert quote//*
      *quote //insert quote n-1//
      *Just made the standard Digg comment for this type of situation*
    • ChileanGoD, on 07/16/2008, -8/+2KILLING IN THE NAME OF!... ratm
    • FeargusMcDuff, on 07/16/2008, -0/+2I didn't know Rag Against The Machine were economic analysts.
    • frozenpxl, on 07/16/2008, -0/+3"When they murdered X, they tried to blame it on Islam."
      "I'm suspending my campaign."
      "I've been following Digg stories such as this for a long, long time. Probably about three months. I saw this coming."

      Can't you see? We've been so blind.
    • xsidekick409, on 07/16/2008, -0/+3The "predict possible posts" posts have become standard as well.
      • Demener, on 07/16/2008, -0/+2I knew you were going to say that.

        [Insert comment asking to be dugg up/down here.]
  • argoff, on 07/16/2008, -6/+78You see, in a normal recession. That would clear debt out of the economy and create a demand for dollars that would cause the value of the dollar to go up, for example, during the great depression the demand for dollars was way up. However, today the Federal Reserve central bank has been pumping money into circulation like drunken lunatics. We will almost certainly suffer a hyper-inflationary collapse.
    • dave11980, on 07/16/2008, -9/+74Ron Paul warned everyone about this last year, but most didn't listen. Sad.
      • vinod1978, on 07/16/2008, -1/+19In order to fix our economic problems intelligently we first must admit that we have significant problems with our economy, which this administration will not do. We need to expand our trade with more countries, create new jobs in emerging fields like renewable energies, and pay off our debt to increase the value of our dollar. We have to stop fighting unnecessary wars and invest back into our domestic infrastructure since it is on the verge of collapse. I wish main stream media would focus on possible solutions to the economic problem instead of trying to discuss what Jessie Jackson wants to do with Obama nuts, or how much Angela Jolie is going to get for pictures of her twins.
      • cowman80i9, on 07/16/2008, -1/+9he speaks the truth. our media is waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay too into the celebrity stuff. then again, thats what sells since people frankly dont care about the world, not that they cant understand it. its just cool to know whats going on in sports or fashion but its not cool to be in the know for the economy
      • NSResponder, on 07/16/2008, -3/+7Actually, most people didn't hear him, let alone listen to him. The media decided that he wasn't a contender for the nomination, so they made a point of ignoring him as much as possible.

        -jcr
    • kaelyiesta, on 07/16/2008, -1/+18Its ok guys. The government will just devalue your and my wealth a bit more to rescue the markets that are faltering. Go back to sleep and keep spending, your savings wouldn't be worth as much anyhow.
    • cyberdork, on 07/16/2008, -18/+12It's not
      the Fed

      It's not
      Bush

      It's not
      Congress


      It's the American consumer and his exuberant lifestyle. Buying everything on credit. Spending money they don't own.
      • nycmac247, on 07/16/2008, -3/+3BS - just Google "derivatives."

        You're worried about a guy holding up a 7-11 while Enron types are getting away with ruining lives.
      • RationalXubrnce, on 07/16/2008, -5/+14 Wrong it is the Fed. IT IS THE FED. Get that through your head, It's the Fed.
      • musicmanryan, on 07/16/2008, -4/+1You're wrong.
      • republicker, on 07/16/2008, -1/+1Your're wrong.
      • oscenester, on 07/16/2008, -1/+1Actually. It is the Fed. It is Bush. It is Congress. but most importantly it is dumb asses across the nation, who don't know ***** from sherlock and allow corrupt politicians who are working for another country's best interest to walk all over us and do as they please.

        they watch the nightly news. they think they know whats going on. they don't stop to think that the news organizations haven't been telling us the truth for a long time now.

        there is a reason history has repeatedly attacked a certain people for centuries. there is a reason they infiltrate governments and collapse them.

        Think about this: we are a debt based society. we are paid in "legal tender," also known as fiat currency. it has no value. it is not tied to anything real. they can give us more of it to "help" us out of any situation. For a price of course.

        All of our money is created, interest added on top, and we are supposed to be able to pay it off using the money that they created for us?

        That doesn't make sense.

        It is never ending.

        NEVER ENDING. do you understand?

        It is a pyramid scheme. A Ponzi scam. the biggest in history. and the only way it keeps working is if there is always growth, and more spending, to make it look like somethings actually happenning.

        But a certain "someone" at the top of that Ponzi scam is simply putting us more and more in debt. and they're debt is secured by EVERYTHING WE THINK WE OWN.

        YOU DO NOT OWN ANYTHING.

        THEY DO. They own you. They own me.
        WE ARE SIMPLY SLAVES NOW IN A SYSTEM THAT IS DESIGNED TO KEEP US THIS WAY.

    • rabidsquirrelOG, on 07/16/2008, -0/+5It is us, it is the FED, it is our collective short-sighted belief that all double digit growth is indefinitely sustainable.

      Almost every Capitalist Ameritard Disciple out there believes that a company can grow 5~20% a quarter, every quarter. This is probably because we are a young country with a teenager's understanding of Capitalism. This is impossible/unsustainable in any system known to man, but our greed encourages us to believe it. Yes, it's nice to have growth in the double digits occasionally, but if you have it constantly, something is going horribly wrong in the background. We all pay for it eventually. So when you see someone or some corporate thing continually achieving double digit growth numbers without displacing market leaders or increasing their marketshare as balanced by offset by another's loss of said share, someone or some group of poor souls somewhere is getting robbed blind. This applies to goverments as well.

      America, it is now time to pay the pied piper.
      • vinod1978, on 07/17/2008, -0/+1Realize that companies are out to make money - that is what they do by their very design. It's up to congress, the Fed, and the administration to ensure that the correct regulations and policies are in place to make sure the economy does not collapse because of corporate greed.

        For example:
        - oil should not have been allowed to be traded as it has been for so long. It should have been regulated, but lobbyists made sure this didn't happen.

        - regulations regarding the sub-prime mortgage industry should have been in place a long time ago when Bush announced he wanted to see banks giving more Americans the chance to own a home. Banking lobbyists didn't want this because they didn't care about the risk since they cut up your loans and sold them overseas, and besides if something does go drastically wrong they were sure the government would bail them out. And we have done so every time. We always bail out corporations, instead we should have simply bailed out the consumers. Why bail out a company that will make the same mistake again, and again?

        - In order to pay for oil, we borrow from the Chinese and give it to the Saudis. Policies about renewable energy should have been in place years ago. If they were put in place during Bush's 1st term, we would have started to see the benefits a couple of years ago.
    • jeffvvisoft, on 07/16/2008, -0/+1Good video on percentage of growth, population and energy - Some professor in Colorado puts this into perspective:

      http://youtube.com/watch?v=F-QA2rkpBSY
  • algaeturd, on 07/16/2008, -3/+58I've been hearing for the past year that we're not in a recession. Over and over, ad nauseam. But the fact remains that every month puts us deeper and deeper in the mire....a situation that is going to take YEARS to recover from. I think it's ludicrous that Bush said the economy is 'Growing' today in his press conference.
    But I supposed a lie like that is nothing to a man who lied directly about countless things during his reign and hasn't had to answer to a single one yet.
    It wouldn't surprise me if he came out and announced that the sky is pink, not blue. And then the press would be scrambling and falling over themselves to say, 'he's got a point, you know..'
    Honestly...I'm not an economist but I do know that economies fall fairly quickly and recover very slowly...especially in terms of the housing crisis. It can take upwards of 20 years for a market to fully recover from something like what we've experienced and every month it just keeps getting worse. We haven't hit the bottom by any stretch of the imagination and that's a very scary thought.
    • popfrogs, on 07/16/2008, -8/+12"We haven't hit the bottom by any stretch of the imagination and that's a very scary thought."

      Makes sense. When you're at the top of the mountain, it's a very long way to the bottom. We can fall pretty damn far from where we're at now.

      $10 says Bush's cronies rig some kind of super emergency that lets him stay in office for a few more years while they finish completely raping this country, its economy, and the common working man.
      • fokov, on 07/16/2008, -2/+3They won't. Why because they own Obama, Clinton, and McCain. No point to shatter the sheep's dream that they have a voice in their government.
    • elipabst, on 07/16/2008, -1/+7Frankly, he's correct. A recession is strictly defined as 2 successive quarters of GDP decline, which we have yet to have a single quarter of (GDP has dropped to a crawl, but is still above zero). However, the GDP is currently being largely propped up by foreign sales that have skyrocketed because US goods are suddenly dirt cheap, so sectors like steel and manufacturing are booming. On the other hand, if you are a consumer in the US, you are getting reamed with both inflation as the dollar weakens and the rising cost of oil.
      • nycmac247, on 07/16/2008, -0/+1-
      • jimmy17, on 07/16/2008, -0/+2I know very little about economics but if growth is smaller than inflation for 2 quarters worth that not technically be a decline overall?
      • prrp, on 07/16/2008, -0/+2Unfortunately, the Fed stopped reporting their M3 numbers (total currency in circulation). Thanks, Fed. Now, we have nothing to compare the GDP to so we can't really know if we're in an official recession.
      • MindStalker, on 07/16/2008, -0/+1jimmy17: Current Real GDP is up 0.6%. Real GDP is adjusted for inflation, but as everyone knows inflation adjustments haven't been realistic lately.
    • bravesocks, on 07/16/2008, -0/+0Lieing and politics sadly now come hand in hand these days, Why ? Because we allow it, one little lie after another immunizes us to the bigger ones when they come along. Why cant we have a system like US law, 3 strikes and your out? and that's being generous, if it was up to me I'd haul the liar over hot coals and expose the culprit for what he is...You cant lie to customers in the private sector without the risk off having your ass sued off why do we so readily allow it in the public sector from people we have placed there to represent us.... This whole world is completely upside down and warped, I advise all that can to cash in your chips, dig a hole and come out when its safe to breathe clean air again...
  • fakekevinrose, on 07/16/2008, -30/+16economy goes up
    economy goes down
    economy goes up
    economy goes down
    • heliox, on 07/16/2008, -15/+4Dems are burying your comment because it must always be a republican's fault of poor economy.
      It is part of the liberal rhetoric handbook.

    • overtoke, on 07/16/2008, -2/+12when does oil go back to $10 a barrel? and the dollar?
    • thingamajig, on 07/16/2008, -6/+1Haha Fake Kevin Rose is to Economics as Real Kevin Rose is to iPhone predictions
    • vinod1978, on 07/16/2008, -2/+7Up/Down. Yes - but down like this? This is not a result of an economical cycle, but the result of foolish policies and the results are just beginning to unfold.
  • temporaryescape, on 07/16/2008, -8/+48I wonder how the Amero will compete.
    • soupr, on 07/16/2008, -3/+8Mexico will steal them all
    • roho76, on 07/16/2008, -2/+3It won't have too.
    • krusader3z, on 07/16/2008, -11/+7There are strong arguments for unified currencies. The Euro wasn't created "on a whim"

      Neither were any of the other regional currencies around the world. A North American currency is an eventuality whether you agree with it or not.

      Remember when our country was a newborn, citizens were up in arms against unified currencies between States right here in the USA? Every state wanted to mint their own coin. That led to uncertainty and instability between exchange rates. It greatly increased the transaction costs, which is crucial to minimize in global economics. It also led to our national currency. Wouldn't it be crazy to have to spend Illinois money in Illinois, then go through the hassel of converting to and spending California money in California?

      The same extrapolation can be made on the global level. Lowering transaction costs (currencies are a big one) is the name of the game with global economics, and we as a people are pushing for a globalized economy by the choices we make in our daily life.

      Disclaimer: I have a degree in International Relations
      • sublime8510, on 07/16/2008, -6/+13Disclaimer: I have no degree and still see the Amero as bull *****.
      • jmdisme, on 07/16/2008, -4/+7Yes ok but you offer no intelligent reasons why you think it's bull ***** therefore no one gives a ***** what you think. Ever.

        So don't be a douche bag your whole life, k?

        Die.
      • PaulBleidl, on 07/16/2008, -0/+3No your wrong he is correct in saying that it is bull *****. One way to look at it is a dollar or Euro or Yen... is like a stock of that currencies economy so if we have to use Canada and Mexico to make a total economy look better than the US economy alone it does not solve the problem.
      • OCSmoke, on 07/16/2008, -0/+1Buried for the boast cloaked as a disclaimer.

        Disclaimer: I'm more informed than you are on this.
  • richmomz, on 07/16/2008, -5/+123Wow, the Fed prints billions of dollars to bail out the bankers and crooks on Wall Street while the government spends hundreds of billions of dollars beyond their budget every year and now inflation is out of control; who would have guessed. Didn't that crazy Ron Paul guy warn us about this years ago?
    • elipabst, on 07/16/2008, -9/+7It's not that simple. If you let all of these mortgage brokers fail then you really only compound the problem because then no one can get a loan and housing prices fall even further, which just exacerbates the issue further. I give Ron Paul credit for recognizing it, but his solution won't solve the problem. In truth the only thing that could have prevented this is *increased* regulation of who is eligible for loans which AFAIK RP is strongly *against*.
      • RationalXubrnce, on 07/16/2008, -0/+9 We're going to have to let people feel the pain at some point. As it is now the problem is an excess of money and credit. The solution is to bail them out by printing up billions creating an even larger excess of money and credit. It's like trying to put out a fire with a flame thrower.
      • Merendino, on 07/16/2008, -1/+1That actually can work... depending on the circumstances. Use the flame thrower to make the fire burn so hot and fast that it burns up all the oxygen before it gets through with the entire house (for lack of a better flammable subject).

        ...but I see your point.
      • theJeebus, on 07/16/2008, -0/+2@elipabst: you are so clueless it hurts. The fed created the problem to begin with by printing money ad nauseum at extremely low interest rates in the early 2000s. They ***** up once again, and should no longer be trusted for anything. I don't want to go back to the gold standard exactly, but the currency should be based on something real, most likely some batch of commodities.
        Let the market sort this out, and it'll clear up much faster. The great depression was caused by FDR and excessive regulation. I fear we may see that again.
      • ezisk, on 07/16/2008, -0/+1Currency based on oil PLZ

        (jokes)
    • dayal911, on 07/16/2008, -3/+1I thought the Fed just loans out money by taking 3% or so from all the banks that compose the Federal Reserve.

      Isn't the Treasury department responsible for "printing" money? I'm pretty sure the fed doesn't print. I might be wrong on that, however.

      http://www.billcara.com/archives/2005/12/who_print ...

      "The Federal Reserve Board affects the federal funds rate by using open market operations, which is the purchase and sale of Treasury securities. If it wants to inject money into the economy, then it buys bonds, which also lowers interest rates. If it wants to lower the money supply, it sells bonds, which raises interest rates."

      Money is also printed by the United States Mint, which is a division of the Department of the Treasury.

      The United States Bureau of Engraving and Printing, which is another division of the Department of the Treasury, prints the paper money.

      The Bureau of the Public Debt, which is yet another division of the Treasury, prints all debt-financing instruments of the U.S. federal government.

      So, if government policy is to spend and print money, it is a combo of the Department of the Treasury (under John Snow) and the Federal Reserve Bank (under Alan Greenspan and soon to be Ben Bernanke), that prints the money. Too many people think it is just the Fed that does that.
    • PaulBleidl, on 07/16/2008, -0/+1It is not even in the Feds hands. Did you forget the ever increasing outstanding credit as adding to the dollars outstanding to make inflation worse. When your credit card line goes up that adds to the dollars available to buy goods and services and thus increases inflation. Your debt creates a receivable that can then be used to lend more money much in the same way fractional reserve allows for banks to lend more than they have.
  • echodots, on 07/16/2008, -3/+9"*****" Indeed.
  • spookyttws, on 07/16/2008, -5/+17At some point in order to just survive, I'm going to have to cut my losses and move to Europe. Or maybe Vancouver. As a cook, food and gas are the two largest factors DIRECTLY affecting my life, and gas is the biggest factor in food prices. Something needs to be done.
    • dave11980, on 07/16/2008, -11/+3Why, they do the same crap over their. In a few years when the dollar is rebounding it will be the Euro that is going down. Thats how these guys make their billions. By controlling the global markets and profiting from it. When it's a millionaire we call it insider trading on wall street. When it's the billionaires that run the world banks they call it global economics.
      • vinod1978, on 07/16/2008, -2/+5NO country has done what we have done in the past 8 years. It's not true just because you say it is...
    • TrevorBradley, on 07/16/2008, -0/+4Gas is already $5.62 a gallon here in Vancouver.

      Property values in Vancouver are in the 600K+ range. If you want to live out in the suburbs and save some cash, you'll be looking at a small condo for 300K and a one hour commute each way.

      (Still wouldn't move anywhere else)
    • krusader3z, on 07/16/2008, -2/+3Moving to Austria August 31st.

      My flight leaves ORD at 7:50 in the monring.
    • zacharytelschow, on 07/16/2008, -0/+4You've got it all backwards. Now is the time for Europeans and Canadians to move HERE. If they have any substantial savings, they make a killing by converting to dollars and can afford a high standard of living. Plus, since housing is in the dumps and will bottom out in the next year or so (hopefully), they can dump some excess cash into real estate, make some bank, and move back when the conversion rate favors the dollar over the euro again.
  • bastardo, on 07/16/2008, -3/+11Get out while you can...
    • BotchaMcCoola, on 07/16/2008, -0/+7I heard one can get CDs in Euros right here in the USA. Anyone know
      how and where? If we all did that Bernanke would not be able to
      devalue our savings. How sweet would that be?
      • Lewie, on 07/16/2008, -0/+5You can trade currencies if you like. It's called FOREX (Foreign Exchange), you can find many sites discussing it, and many brokerage companies you can trade through (with leverage). I recommend www.babypips.com and forexfactory.com to learn more.
      • vinod1978, on 07/16/2008, -0/+1If you walk into stores in 5th Avenue in Manhattan they are signs indicating that they will accept the Euro. I've seen the same with some electronic stores in Midtown.
      • homah, on 07/16/2008, -0/+3everbank.com
    • zacharytelschow, on 07/16/2008, -0/+4You've got it all backwards. Now is the time for Europeans and Canadians to move HERE. If they have any substantial savings, they make a killing by converting to dollars and can afford a high standard of living. Plus, since housing is in the dumps and will bottom out in the next year or so (hopefully), they can dump some excess cash into real estate, make some bank, and move back when the conversion rate favors the dollar over the euro again.
  • superkendall, on 07/16/2008, -5/+8On the other hand, economic growth is still positive for some time:

    http://blogs.wsj.com/economics/2008/07/15/fed-offi ...
  • OC73, on 07/16/2008, -19/+24Hard to tell what's a bigger bubble, the euro or oil.
    • GassyTurd, on 07/16/2008, -12/+27or what's a bigger failure, the dollar or your comment.
    • TrevorBradley, on 07/16/2008, -6/+12America is the new bubble.
    • thegreenspanput, on 07/16/2008, -0/+0I agree that both will come down against the $US
  • 8347, on 07/16/2008, -11/+9I want that reporters job! Just put out the same story every week; "US dollar hits new low".

    • craighoxton, on 07/16/2008, -0/+2You just fill in the blanks really - any 20-something fresh out of school with no life experience can do journalism.
  • Phatlip012, on 07/16/2008, -9/+88The five stages of grief:
    * Denial (this isn't happening to me!)
    * Anger (why is this happening to me?)
    * Bargaining (I promise I'll be a better person if...)
    * Depression (I don't care anymore)
    * Acceptance (I'm ready for whatever comes)

    I've come to accept the fact that this country is screwed. It was fun while it lasted.
    • shadowfoxmi, on 07/16/2008, -1/+2that makes me sad
    • lamey, on 07/16/2008, -1/+2except it all you want but that won't really make things better. we need to come together and start making some noise about how PISSED OFF we are that this country is falling apart. we are only screwed if we allow ourselves to be.
      • Phatlip012, on 07/16/2008, -0/+1It will never happen as long as we have Fox News, new iPods and American Idol. Thats the problem, nobody gives a ***** and when they finally do it will be too late.

        People that "come together" and make noise are the ones that are looked down on as being the "whacky conspiracy theorist" type. And that is why there is no hope and I've come to accept such a fate.
    • flink405, on 07/16/2008, -0/+2How has your personal life been changed by the higher Euro?

      Imagine how depressed you would have been from 1929 to 1945...world depression, WWII...
    • JebBlack, on 07/16/2008, -1/+1You forgot stage 6......REVOLT!
  • stack3r, on 07/16/2008, -2/+21Check africa right now to see what hyper-inflation is like.

    • BotchaMcCoola, on 07/16/2008, -11/+2Sorry, no. I am for the USA first and foremost. (Libertarian). Help us rescue the country.
      • Dumbledorito, on 07/16/2008, -5/+11One of the biggest Libertarian concepts (lack of regulation) is what got us into this mess.
      • BotchaMcCoola, on 07/16/2008, -4/+3Dumbledorito: who is the "us" you refer to? Are you among those that we
        the savers are being forced by the Fed to bail out via further
        devaluation and higher gas prices? I am fine with a regulation against
        that and similar political system thievery.
      • kayala, on 07/16/2008, -1/+10Do you not find anything particularly stupid about saying you don't care about what's going on in the rest of the world? IT STILL AFFECTS YOU! America does not exist on its own ***** planet!
      • BotchaMcCoola, on 07/16/2008, -4/+0Negative diggs? - maybe there really are anti-Americans living among us after all. And I denied that recently. Error acknowledged.
      • NorthMass, on 07/16/2008, -0/+3BotchaMcCoola I am a Libertarian and yes things are going to get real bad here soon but come one it will never be anywhere as bad as say Zimbabwe is. Should the government help out these countries? No, but that doesn't mean people can't do so, so there is no need for you to be all about the USA, we just have to make sure our government is all about the USA.
    • Krazeel, on 07/16/2008, -7/+4I hate when people refer to Africa as just a country or a few countries. You see, maybe I could help you with this problem by telling you that -just among other things- our ancestors came from there! OMG!
    • TheAuditor, on 07/16/2008, -0/+10You mean Zimbabwe - inflation there is 2 million percent
  • chrissku, on 07/16/2008, -1/+42You see. This is why we can't have nice things.
  • 55mph, on 07/16/2008, -3/+18the self professed Patriots that post here have little idea how they are being screwed royally by their beloved government.

    • wakananda, on 07/16/2008, -0/+4I consider myself a "patriot" in that I am willing to honor my oath and uphold the Constitution of the United States against all enemies, foreign and domestic. I am willing to give my life, my fortune (such as it is) and my sacred honor to do so. ***** "the government." Patriots serve their *country,* which is not the land, or the wealth, or even the people (much less the thieves and perverts in DC), but rather the DNA, the blueprint, the RULE OF LAW - the Constitution - that makes us who we are. Without the Constitution (*intact*, god dammit), we are not the United States of America - we are a vile mutation, some global corporate factory farm. Flag wavers and bullying loudmouths who don't honor the Constitution, who don't protect it, who assert that some state-defined snuggly safety trumps LIBERTY, are treasonous ***** who should be put down like the sick, infected animals they are. Know your duty. Honor your oath.
    • republicker, on 07/16/2008, -1/+1Your comment makes no sense whatsoever. A patriot is the first to know he's being screwed and even then one can easily become a patriot when the time comes to die for your liberty.
  • CornelisonRC, on 07/16/2008, -1/+10dugg for: "*****." in conjunction w/ Pic.
  • mrzack, on 07/16/2008, -5/+12America's empire will now crumble. I would love to see all these yuppies and all the Bush supporter's faces when the ***** really hits the fan, and they wake up to find the dollar is toast. Nice going assholes, that's what you get for not supporting Ron PaL.
    • doctordbx, on 07/16/2008, -0/+20This reminds me of an old Transformers cartoon where the planet Earth is about to be destroyed and Optimus Prime is pleading to Grimlock for the Dinobots help.

      Grimlock: "Me Grimlock not from Earth. Me Grimlock not care if Earth gets destroyed."
      Optimus Prime: "With you on it?"
      Grimlock: "Me Grimlock thinks Optimus has good point"

      So whilst you're going to love to see this economic disaster take place, just remember, you will be right in the middle of it.
      • userperson, on 07/16/2008, -1/+8If you can't use Transformers to illustrate an idea ... why bother?
        Thanks for that.
      • DephexTwin, on 07/16/2008, -0/+3That was amazing.
    • ottos13, on 07/16/2008, -0/+2on the up side, the australian dollar is almost on even par now. (97c last night i think). i've never ever seen it that high in my life.
    • spawnfree, on 07/16/2008, -0/+1whats the point of a great scam if not to see the gullible supporters betrayed?
      well, its the only fun to be had with such depressingly systemic corruption.
    • flink405, on 07/16/2008, -0/+1What empire does America have?
      What countries is America the dictator or supreme ruler?

      And if America has it bad...others will soon have it worse.
  • JinnRikki, on 07/16/2008, -4/+19The economy went in the ***** on 9/11/2001. It's been on life support ever since. Keeping it alive with low interest rates, easy credit and sloganeering "The Ownership Society". The money presses has been working over time, I'm surprised they kept it afloat this long. Should have taken our medicine after 9/11 but those in power saw an easy road to riches and took it. Now Bush Co will hit the road loaded down with their filthy lucre and we get left holding the bag. Enjoy the next decade should be interesting times indeed.
  • DannySpace, on 07/16/2008, -2/+13Banks are being shut down and seized by federal regulators, the dollar is losing value, war with Iran is starting to sound like a reality... How do these things not make a screwed again?
  • ThrstForKnwldge, on 07/16/2008, -9/+13About time for the Amero I guess.
    • Jexie, on 07/16/2008, -1/+1Enjoy using it on your own, Canada and Mexico aren't going to throw their currencies away to save yours.
  • elliotys, on 07/16/2008, -2/+14epic fail.
  • H0tKarl, on 07/16/2008, -0/+22Ha ha ha!!! I already converted all my dollars into pubes.
  • crazyjake, on 07/16/2008, -0/+52it really sucks living in Germany, and getting paid in Dollars :(
    • Magnolit, on 07/16/2008, -0/+2Are you in the military?
    • alperea, on 07/16/2008, -0/+2When I was there it was when they had Deuchmarks, that was cool
    • Schmich, on 07/16/2008, -1/+4Working in the U.N. in Geneva and getting paid in dollars too =(
  • ReeferChiefer42, on 07/16/2008, -1/+19Awesome, just awesome.....oh wait, sorry, what's the complete ***** OPPOSITE word for awesome again?

    ***** this administration and this congress.
  • peaceninja, on 07/16/2008, -6/+4wow everyone of you is pessimistic. or maybe i listen to joe scarborough too much on morning joe
    • vinod1978, on 07/16/2008, -2/+6Because the truth is the economy is not just bad, but its getting worse. Experts say that there is virtually nothing any new President can do in order to balance the budget, reduce the price of oil, or improve the value of the dollar considerably. It will cost us trillions (literally) just to get back to where we were in 2000. America didn't just stop growing - we're actually going backwards.
      • peaceninja, on 07/17/2008, -1/+1we are not even in a recession. what experts say that the next president can't put us on a turning point? Give me the names of 3 economists who say this and I can give you 3 economists who say the opposite. if the american economy fails then the rest of the world will either be reeling or will fail as well until we can change. i think that with the trend of the world losing trust in the american government and pulling dollars from their reserves then that will be the ultimate turning point for the american economy. it's of course hasn't happened in its entirety yet but it is accelerating.

        I think it's positively awful how far backwards we've gone since 2000, but the thing is that american's perceptions have also matured and changed.

        the past few days have seen oil prices plummet, oil prices are only high due to commodity speculation and due to inflation, the latter which we need to fix and the former which is the nature of the beast of living in capitalism. regardless, the price of oil being so high is a welcomed inconvenience in my opinion, did we really think that we were going to drive gas guzzlers and waste natural resources forever? It's anecdotal--like the glutton who eats too much junk food and his first heart attack is his 'wake up call'. seriously, i dont see a point in having a government if they are not going to intervene and take the pizza out of our hands when we ourselves clearly don't have the foresight to anticipate a heart attack. if the government can't step up and/or if the americans cant step up to change, then we kind of deserve an economy that will fail. however, i think our economy is waaay too resilient for this to happen, and americans should use the upcoming chapter in our history as our last chance to be a bright beacon to the rest of the world.
      • vinod1978, on 07/17/2008, -0/+2@peaceninja - We don't have to be in a technical recession for the American public to feel the effects of a weak economy. A 1/2 a million people lost their jobs this year - I'm sure they believe we are in a recession. Regarding trading oil as a commodity - I believe that we should regulate the ways oil could be traded. Sometimes we can take lessons from smaller countries. For example, due to the impending rice shortage (remember it was on the news a month or so ago), India banned rice from being trading on their stock market in order to keep prices low. Now, that is drastic, but my point is that when the American government sees a problem happening instead of trying to fix it, they simply deny the problem is occurring. American needs to join a 12 step program, but the 1st step is admitting that we have a problem with our economy, and have the balls to change it rather then just whining about it.
      • peaceninja, on 07/18/2008, -0/+1@vinod1978 I am constantly irritated with the administration's refusal to acknowledge problems and lies. but in an economy where speculation dominates over regulation, people do need to stop whining. that was my main point--everyone is crying the sky is falling while still overindulging and checking their iphones for the latest paris hilton news. i'm not arguing that people aren't suffering, so I agree with your points. but i'm being more optimistic and hoping that the economy is readjusting and that we are not at the threshold of a complete market meltdown like a lot of people are making this situation out to be. so i agree with you 100%

        well except that india is a smaller country? they are like 4 times the population of the united states! or do you mean smaller in terms of GDP? in that case effectively every country is smaller than the united states...which i think that fact in itself is a manifestation of the resilience of our economy
  • draterrojam, on 07/16/2008, -2/+32don't worry, you'll lose your job, get sub par unemployment, not be able to find a new job, while they jack up the food and oil prices while they tax the *&% out of you all while paying off your huge credit cards. Now that's the American dream.
    • heliox, on 07/16/2008, -11/+3If you're a loser I guess.
      • vinod1978, on 07/16/2008, -0/+6@heliox - Tell that to the 1/2 a million people that lost their jobs this year.
      • bundwallah, on 07/16/2008, -0/+4He will!! From his mom's basement he'll send an email to all those who lost their jobs, provided they can afford and ISP connection.
    • Nevarius, on 07/16/2008, -1/+7More like slavery.
    • hrhs556x, on 07/16/2008, -2/+4So who's fault is it that these people have huge credit card debt.
      • jsmith39, on 07/16/2008, -1/+2he names 5 problems a lot of us are going to face and you want to point the guilty finger at the credit card. Nice.
      • vinod1978, on 07/17/2008, -0/+1It is not only the consumer's problem but a complete lack of government oversight. If industries expect the taxpayers to bail out large corporations in times of trouble, they better expect to have regulations of how they do business. For example, the sub-prime market and the high prices for oil are problems that could have been easily avoid by acknowledging what was happening and creating legislation to stop the problem from snow balling. Instead Congress listened to right wing BS economists, and lobbyists who kept chanting "let the market decide, let the market decide" - and then we bail out the corporation.

        Tell me - when you loose your job, and there are no new jobs available, how will you pay for your food? Your children's clothes? Or your mortgage? You'll use your credit card because most people use it as a temporary solution until they are able to get a job again. Do Americans have an overall problem with spending more money then they make? Absolutely, but the reason this problem doesn't exist in other countries is that many of them have laws against what we call "predatory lending" - which we STILL don't have.
    • lonnieh, on 07/16/2008, -0/+2i'm not too worried, ramen noodles have a decent shelf life. i have plenty of bills to burn so i hope they have matches in this new and improved "American Dream". ***** em.
  • Jittah, on 07/16/2008, -12/+1A record low against the Euro huh? Tell me, how long has the Euro been a currency? Not nearly as long as the Dollar. I didn't bother to read the article, partly because of the manipulative title, but also because people always make huge deals out of things that will work themselves out and will not have so huge of an impact that people should be screaming in the streets. Or maybe I'm just having a bad week and you aren't helping me digg!
    • jimmy17, on 07/16/2008, -0/+3It has also hit lows against the GBP which predates the dollar.
    • jsmith39, on 07/16/2008, -0/+5I didn't bother to read the article because I just don't believe all your whiners, is that what you're saying?

      Look genius, for the last 7 years the government has been borrowing money from other countries, and simultaneously printing more money than can be justified (and removed oversight of the process). At the same time corporations have been fleecing the general population to the point that most people no longer have any disposable income, and we live in consumer society.

      So... if you have tens of billions of dollars more in circulation than your economy can justify, you owe hundreds of billions to other nations, and your population can no longer afford to keep funneling new money into corporate ledgers (which causes the economy to slow down/stall) what do you suppose the logical outcome is?
  • digjam, on 07/16/2008, -1/+12Time to spend all the dollars before they become worthless...
    • vinod1978, on 07/16/2008, -2/+8Here is the best financial tip you'll get - because it'll actually help.
      Buy property in Eastern Europe. Focus on countries that either just got inducted in the EU, or countries that will shortly be accepted in the union. You'll loose at first for sure because of the conversion, but remember no matter what president we get in the white house, it'll take more then 4 years to fix the value of our dollar. My suggestion is to buy and hold or rent it out (if you have any more savings left). The Euro will continue to increase in value, and newly inducted EU countries have shown incredible growth on real estate in a very short period of time (less then 5 years).
      • digjam, on 07/16/2008, -1/+6Which country can i buy with my $500 paycheck ? :D
      • Tyrghast, on 07/16/2008, -1/+6Belgium.
      • jsmith39, on 07/16/2008, -0/+11Taking financial advice from random posters on Digg, there's just no way that could end badly!
      • zacharytelschow, on 07/16/2008, -5/+4"The Euro will continue to increase in value..."

        Yes, the Euro will perpetually and eternally increase in value, just like tech stocks and houses before it. Idiot.
      • Aquashark, on 07/16/2008, -0/+3you are right.. if i'd have 50-100 000$ in Romania right now
        in 1-2 years i'd get 5 times more easily

        the real estate prices are booming, because the demand is high and there are so few new housing units built after the fall of communism because no one wanted/had the money to invest.

        now that the economy is improving fast, people have the buying power for lands/houses.
      • vinod1978, on 07/17/2008, -0/+1@Aquashark- Romania was precisely the country that I invested in...
  • TWGMichael, on 07/16/2008, -8/+6Geee, the American fiat Dollar continues its free fall from massive inflation, and compares poorly to other world fiat currencies that are falling slightly slower from their own massive burden of inflation. Meanwhile, tangible goods, oil and gold, continue to skyrocket in value! What ever could be going on here? Just keep printing that imaginary money! Nothing to see here. You will all be happy slaves to your own failure.
  • vinod1978, on 07/16/2008, -2/+8In order to fix our economic problems intelligently we first must admit that we have significant problems with our economy, which this administration will not do. We need to expand our trade with more countries, create new jobs in emerging fields like renewable energies, and pay off our debt to increase the value of our dollar. We have to stop fighting unnecessary wars and invest back into our domestic infrastructure since it is on the verge of collapse. I wish main stream media would focus on possible solutions to the economic problem instead of trying to discuss what Jessie Jackson wants to do with Obama nuts, or how much Angela Jolie is going to get for pictures of her twins.
  • myFriendDerrik, on 07/16/2008, -1/+34Mission Accomplished!
  • ryancalderoni, on 07/16/2008, -0/+8var political_leverage = control(economy, media);
  • dedknedy, on 07/16/2008, -3/+7Alright folks, I think it's way overdue that we grab our torches and pitchforks and lynch this piece of ***** president we have.
    • NSResponder, on 07/16/2008, -0/+4This may come as a surprise to you, but the president is not the person to blame for financial disasters. The president can ask for money, but only the congress can give it to him, whether it's by raising tax money or letting the fed issue more credit by selling treasury bills.

      Every time the congress raises the debt limit, they demonstrate what a joke that limit is.

      -jcr
      • lamey, on 07/16/2008, -0/+3ok lets lynch congress and the president....or at least those in congress that have voted for the patriot act, war spending and anti-fisa.
  • dxgg, on 07/16/2008, -1/+8Damn. That's even *more* USD that I have to pay my ex-wife, who lives in Europe.
  • leladax, on 07/16/2008, -0/+1Why is that bad for the Euro? I heard some say that.
    • elmuerte17, on 07/16/2008, -0/+4it isn't. the "some" are idiots.
    • Nevarius, on 07/16/2008, -0/+1Just guessing the a dollar that's crashing would effect the stock market, and if a our stock market crashes hard it effects the other exchanges around the world. Thus effecting their currency as well.
      • arcticblue, on 07/16/2008, -0/+4Why do you have random "a"s in your post?
    • lezard, on 07/16/2008, -0/+11Take for example airplanes : Airbus is having a hard time because the selling prices are in USD, but workforce is paid in euros.
    • leladax, on 07/16/2008, -0/+1basically to answer my own question, for europe dollar/euro relation at the moment is nothing compared to stock exchanges going down.

      they are going down for weeks now.
    • krusader3z, on 07/16/2008, -0/+3The argument you heard is this

      Just as American goods become cheaper for those abroad shopping here in the USA, the opposite happens with American money abroad.

      The appeal of buying in the Euro-Zone (industry, vacationing, exports, services) is reduced as the exchange rate becomes increasingly skewed. Lots of European countries, especially Germany, are highly dependent on exports for growth. As it becomes more expensive for americans to shop there (we are by far the world's largest consumer), the more instability in the euro-zone. Or so the theory goes.

      We've all seen what central banks do when growth slows, they cut the overnight interbank lending rate, which injects cheap money into the market to stimulate growth. This indirectly leads to changes in the value of a currency vs that of another.
      • niczar, on 07/16/2008, -0/+1Funny thing is, despite the rising euro, Germany exports are going up.
        And why is that? Because Germany has refused to apply the "serious people" economic policy advised by those nutjobs at the University of Chicago, which are responsible for the financialisation of the UK and US economy. In other words: Germany still makes stuff in factories, while England only has banks left.
    • flink405, on 07/16/2008, -0/+2Gasoline for sale in Germany priced in dollars is $9.61 per gallon.
      'Nuf said.
    • zacharytelschow, on 07/16/2008, -0/+1My bet: comparatively cheaper and high quality American goods decrease European exports while simultaneously decreasing American money spent in Europe (exactly what krusader3z said without the rambling).
  • dellegazze, on 07/16/2008, -4/+8Damn Europeans.. couldn't they let their Euro fall to make us look just a little better?
  • blacktriangle, on 07/16/2008, -5/+9Can we go back to the gold standard?
  • Gazzali, on 07/16/2008, -2/+1George Bush be George Best .....
  • JoeVet, on 07/16/2008, -2/+11"You've heard of mental depression; this is a mental recession .......We have sort of become a nation of whiners.....You just hear this constant whining, complaining about a loss of competitiveness, America in decline" Phil Gramm, McCain's top economic adviser.

    Is this the man you want to fix our economy?
    • amightywind, on 07/16/2008, -2/+2No. I want a muslim who wants us to turn down the thermostat and learn French.
    • Demener, on 07/16/2008, -0/+21% now believe Obama is Jewish!
  • edebolt, on 07/16/2008, -1/+5I traded E/$ short off the double top and right now up nearly 200 pips. Typically price action will tend to test an area a few times and either break it or decide to try the other end of the trading range.... If the EUR/$ can break ~1.62 ish and then find a new support at $1.60 then the market would look good to 1.75. If it fails to break 1.61 resistance after a few tries then more likely to test 1.52 to the downside... With crude oil declining today not much chance in moving upward right now.
  • RedViper1999, on 07/16/2008, -0/+13So oil dropped and the dollar still lost value? That is bad.
  • mh732, on 07/16/2008, -5/+11George Bush and the Republicans have ruined this country.
    • NorthMass, on 07/16/2008, -1/+17George Bush, Nancy Pelosi, and 90% of Congress have ruined this country.
      • homercles337, on 07/16/2008, -1/+1Congress was controlled by the neocons for 6 years. The dems have control and the rubber stamping ceased. However, they dont have large enough numbers to work past the neocons in congress. For 6 years before the dems took the majority the neocons pushed through enough legislation to provide sufficient social welfare programs for the corporations and the wealthy. We are just now feeling the effects of 6 years of neocon control.
      • NorthMass, on 07/16/2008, -0/+1That's why Pelosi said impeachment is off the table and the Democrats voted for the FISA Bill.
      • Demener, on 07/16/2008, -0/+1They rubber stamped FISA.
    • flink405, on 07/16/2008, -0/+6U.S. citizens that vote in worthless, do nothing, spend, spend, spend politicians are to blame.
      • orlyfactor, on 07/16/2008, -0/+1you mean "for" right? i don't remember the voting booth being inside a do nothing politician...then again, I voted for Dems the past 2 elections, so I may as well have.
    • lamey, on 07/16/2008, -0/+1US citizens that do nothing when they're country is falling apart are to blame....along with congress and the president. and the more that the US does nothing the more they'll walk ALL over us.
    • zacharytelschow, on 07/16/2008, -0/+1Republicans? Democrats? Who gives a rats? Just quit spending, printing, and borrowing money while returning government to a reasonable size and lowering tax rates.
  • eggballs, on 07/16/2008, -0/+13Does this mean that Americans will have to start working in t-shirt and shoe factories again? Boy, that would be tough.
    • geoboy, on 07/16/2008, -0/+2Well hey, maybe when Americans start working in sweat shops here at home, they'll have a new appreciation for those cheap tube socks they buy at Walmart
  • LeekMibles, on 07/16/2008, -0/+7Dugg for that ending, "*****."
  • bjornski, on 07/16/2008, -2/+2But look at the GDP!
  • gaoshan, on 07/16/2008, -4/+8I wonder if the awful reality of things is starting to dawn yet on the idiots that voted for Bush in 2004? Do they look at our hellish war in Iraq, our wounded dollar, our ridiculous gas prices, our collapsing mortgages, failing banks and our devastated reputation and think, "Damn. In a way, I'm responsible for this. I'm so ashamed."? Somehow I doubt it. I doubt they ever really think at all.
    • RonBurgundy76, on 07/16/2008, -2/+3It will never dawn on them. They disavow themselves of their responsibilities and think that God is going to save them.
    • minorthreat, on 07/16/2008, -0/+2nope they are still proud, once again proving ignorance is bliss
    • manifest020, on 07/16/2008, -0/+1Losers wine about who's to blame.
      Winners go home and ***** the US economy.

      Maybe the question we should be asking ourselves is are we going to ***** back, or take it up the ass?
      Given modern crowd control and the lack of citizens truly aware of the situation, I'm guessing the latter.
    • Demener, on 07/16/2008, -0/+3Actually over half of them have figured it out. 40% of them are still ***** retarded though.
  • third_eye, on 07/16/2008, -3/+1Suck it bishes.
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