It was only a matter of time
As anyone could have expected, the Bush foreign policy is now producing a noticeably negative effect on the US economy, according to an article by Jim Lobe. While Bush had hoped his (denail of his) weak dollar policy (the dollar is now worth less than 3 złoty) would stem the ballooning trade deficit, cheap American products seem not to be enticing Europeans and Canadians.
Some choice excerpts:
Twenty percent of respondents in Europe and Canada said they consciously avoided buying U.S. products as a protest against those policies. That finding was consistent with a similar poll carried out by GMI three weeks after Bush's November election victory. . .
Half of the entire sample said they distrusted U.S. companies, at least in part because of the U.S. foreign policy. Seventy-nine percent said they distrusted the U.S. government for the same reason, while 39 percent said they distrusted the American public.
We have officially lost the world's trust, and it will not only cost us our physical security, but also our economic security. Thank you, red America.
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