Still can not get a Wii for Christmas? It’s actually Bush fault. Sounds crazy, still true, and just the tip of some horrible iceberg. Nintendo makes those Wii’s as fast as they can. Then they like to make as much money with them as possible. If they sell them in Europe for 250 Euro they get 40,721 Yen. For the ones they ship to the US they get 27,630 Yen. That’s 47% more profit for them. No wonder there is ample supply of Wii’s in Europe.
But that’s currencies, what has Bush to do with it? Well, he makes the fiscal policy. Before he became President you needed to pay 0.9 US dollars for each Euro. Now it 1.47. That’s a sixty three percent decline in value. That’s just great. YellowCake disciples will be quick to point out that this low rate would help the economy since US exports would become cheaper. This is true, but only 16% of the US enconomy is based on exports. Most of the country is depending on the inflow of capital. Or should I say ‘was’? How attractive is it to invest Euros into dollar when you get less and less back out?
So not getting your sweaty little hands on a Wiimote in the foreseeable future might actually not be your biggest problem.