Bush VS the World, It's not just Iraq anymore

More from Bill in DC

The decline of the dollar since George W. Bush was reelected continued today as the Euro Hit All - Time High Against Dollar

The euro surged to an all time high of $1.2987 Monday, putting pressure on Europe's largely export-driven economic recovery and prompting European Central Bank President Jean-Claude Trichet to call the rise ``brutal'' in an attempt to stem the tide.

The 12-nation currency broke its previous record of $1.2962, set Friday, riding higher on concerns over oil prices and the U.S. trade and budget deficits.

The world to Bush, do something!!!!

French Finance Minister Nicholas Sarkozy urged the American government to take action. Speaking in Rome after meeting with the Italian industry minister, Sarkozy said the United States should remember a February statement it signed in Florida with the six other G-7 countries that warned excess exchange rate volatility could hurt economic growth.

``The U.S. must cut its budget deficit: This is an unanimous message from Europe and the International Monetary Fund which we're sending to our American friends,'' the financial wire Radiocor quoted Sarkozy as saying.

Judging from past performance it is doubtful that anyone in the White House is listening.
Update
The usual suspects, Dan Drezner and Brad Delong chime in.