GW's Multi-Trillion Dollar Tax

The recent and ongoing collapse of the Dollar vs other Western currencies is a mostly a consequence of enormous current account deficit, which in turn owes its existence mainly to the profligacy of the Republican party and the bad economic policies of George Bush and Alan Greenspan. As a consequence, anyone with dollar valued assets, whether bank accounts, pensions, stocks, bonds,salaries, homes or real estate has seen about 20% of their value evaporate in the past several months. This is one of the ways we pay for GW's spending frenzy and the Republican tax cuts for the rich.

I fear that the other ways may be even more painful.

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