Out-strategized Yet Again

Mikaela says:
Little tidbit on NPR Friday morning that the Bush Whitehouse secretly wants the dollar to be de-valued to manipulate the price of imports & exports and counter inflation. That's one reason Bush has blithely rung up trillions in national deficit. Central banks in other countries have already begun to shift their holdings from the dollar to Euros. In the meantime, the plan is to continue to borrow from other countries, despite (and because of) the undermining of their belief in the dollar's value. While many would see this as a dire warning, Bush & Co. believe the resulting weakening of the dollar will help bring trade deficits down by making US exports cheaper and imports more expensive. Maybe Bush thinks this trend is enough to counter the price of outsourcing industry and manufacturing to other countries.

Whatever the details, the point for me is another clear indication that the Bush Whitehouse is nothing if not intentional. What I have taken to be mistakes or oversights in policy over the past four years are emerging as step-by-step strategies toward desired ends. I've heard so much about the hypocrisy of Bush as a conservative Republican wracking up debt; now it seems his advisors knew all along that debt could help them achieve their ends and aid US exporters.

What's the use in helping US exporters if the country's broke? Oh yeah, that's right. The only ones that matter are industrialists. The rest of us are just cannon fodder. And like all good Republicans want, the federal government will eventually only get enough money to support the military, and all social programs will have long since gone the way of the dodo bird.

So my question is, what's to stop them, and what's next?

More detail can be found on problems with the White House's intentional approach to the falling dollar at Center for American Progress.