‘In the months ahead, after all, people are going to be charting the dollar and watching where it stands, not only against other currencies but also against gold. Between now and 2008, we will be in a period in which, if the dollar begins to fall, the blame is not going to attach to the Republicans, who will no longer control the Congress, but to Democrats. If the dollar goes down further from here, it might as well be renamed the Pelosi. Going into a transitional election with a falling dollar is not something the Democrats will want to do.’