Dollar hits new low, deficit drags

Before the election I listened to a few pro-Bush financial analysts talk about the market reaching new highs and going on an extended winning streak if Bush won. OK, the markets went up yesterday but the run was tempered by the sagging dollar, which is now at an all time low against the Euro. The deficit will continue to be a drag and I have not heard anything that tells me Bush will take it seriously enough to do anything about it. His plan for a second term has spending 'til the cows come home and the GOP in Congress says "how high?" when he says jump. Let's just wait and see how much the markets eat up the Bush policy. The only thing that might temper their caution is the Wall Street Welfare plan (privitization of Social Security) that should be coming soon.