The value of the dollar has been in decline since midway in Bushes first term. The value of the dollar has gone from $1.44 against the Pound Sterling in April 1, 2002 to a $1.98 today, a decline of 28%. It took 88 cents to buy a Euro on April 1, 2002, it now costs $1.34, a decline of 34%. You can not fight a war for 4 years and reduce tax income at the same time without finding your currency devalued. Ultimately, you have to pay the piper.