Five years ago, it was at US$.64
.. and while I was composing this post the exchange rate went up to US$1.004 before dropping down to just under US$1.00. So the Conservatives want to hitch their wagon to this lead balloon, eh? I suppose that with NAFTA this means that the Conrad Black-alikes of the world will be able to roll on in and buy huge swaths of, um, whatever this country still produces aside from torture and mercenary armies for pocket change. But other than that do you *really* want to be shackled to the sick man of North America?
When the € sits at US$1.40 and the CAD sits at US$1.00+, those cracks about Weimar America start to hit uncomfortably close to home.