Why is George Bush destroying the dollar?

[...]
we know that Bush insisted that the lavish tax cuts be made permanent even though it was understood that such action would undercut the dollar. So, what is going on here; why does Bush want to kill the goose that laid the golden egg?

There are two ways to weaken the currency; either print more money which dilutes the supply, or create new debt which lowers the value.

Bush has done both simultaneously and with such gusto that it’s a wonder the dollar hasn’t crashed already. He’s expanded government spending by 35% and produced humongous $450 billion per year tax cuts. Add this to the projected costs of a $2 trillion war and the dollar was bound to get hammered.

At the same time Bush has been spending us into oblivion, the Federal Reserve has kept the printing presses humming along at full-throttle doubling the money supply in the last decade. Almost half of all greenbacks are now located outside the country, which means that if the dollar becomes less attractive to investors those greenbacks will come flooding back to America and plunge the country into recession.

Regardless of one’s political leanings, there is an obvious and demonstrable attempt to savage the currency by the political and banking establishment.

Why?
[...]