Economic Stimulus Payment
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July 17, 2008, 7:05 pm
Filed under: Bush, economy, finance, news, politics | Tags: dollar, economic stimulus, Euro
Filed under: Bush, economy, finance, news, politics | Tags: dollar, economic stimulus, Euro
Dear Mr. President,
Well, I cashed in my economic stimulus check today. $300, now worth 189 Euros. When you came to office, it would have been 318 Euros. I figure you owe me 129 Euros = $204.60. The trouble is, by the time you sent me that, you would owe me still more, because the dollar would be worth less.
And that’s what’s happening to the entire world economy. The less the dollar is worth, the more prices of things like, say, oil, rise, because how else are those OPEC guys going to get value for their money?
One thing’s for sure: I’m not getting value for mine!
Sincerely, VNV
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