Tensor wrote: That it is a deliberate plan by the US to get rid of the current massive deficit.
Also has nice spin-offs for US industry as all those cheap imports cease being cheap.
The biggest loser is like to be China, I would think.
G.W. Bush Administration's plan: offload all responsibility for everything to anyone else.
I fail to see how this is Bush's fault. The President doesn't have much control over the economy. Since Bill was President in 2000 can I blame him for the dot.com bust? No, because he didn't have anything to do with it.
If you want to blame a President then put the blame on Roosevelt, he's the one who took us off the Gold Standard and allowed the banks to play games with our currency (it has its good and bad points).