What’s wrong with this picture?
The dollar is now down 29% since January 2002. The president of the Dallas Fed says “There is only one way for the dollar to go — lower.” The Secretary of the Treasury says “You know our view on the dollar. We have articulated it many times. We support a strong dollar.”
And? And? Glad to hear you’re for a strong dollar, Mr. Snow. Now what are you going to do about it? For example, do you intend to straighten out the fiscal mess created by a combination of tax cuts and profligate spending? No, I didn’t think so.
This is, of course, characteristic of the Bush administration. Being for good things, and saying you’re for good things — “affirming your values” — is understood to be the same as taking action. (Not a substitute for taking action: that’s a reality-based formulation. Bushism holds that saying the right words is action.) It’s a profoundly magical world view.
This helps explain why the reality-based community isn’t fully reassured when the President, in the face of an obviously overstretched military and of large and persistent shortfalls in recruitment and retention, says that he’s against a draft, and that therefore there will be no draft.
After all, he seems to have believed that there would be no casualties in Iraq.