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#1 |
Demiurge
Join Date: Aug 2005
Posts: 36,365
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and why it should continue to get weaker in order to make America stronger.
I think a weak dollar like this is bad for America, but I want to hear your explanation of why it is good, and why it should be even weaker. |
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#2 |
Demiurge
Join Date: Aug 2005
Posts: 36,365
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bump
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#3 |
Senior Member
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I'll answer this question when you tell me why a high crime rate is great for Americans.
Who's arguing in favor of a weak dollar?
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#4 |
Demiurge
Join Date: Aug 2005
Posts: 36,365
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It helps exporters, because their goods are now cheaper in the USA, while foreign goods imported into the USA are now more expensive, again helping these American companies.
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#5 |
Senior Member
Join Date: Jan 2006
Location: Between Iraq and a hard place
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Yeah, the weak dollar is a purposeful effort by the government to help exporters.
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#6 | |
Senior Member
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What's the matter, Mike? Fish aren't biting like they used to?
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#7 | |
Demiurge
Join Date: Aug 2005
Posts: 36,365
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I guess no one else on the board does either. This weak dollar is yet another one of GWB's great failures as President. Yes, I think his monetary/deficit/budget policies have had a huge effect. |
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#8 |
Senior Member
Join Date: Jan 2006
Location: Between Iraq and a hard place
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IMO, the biggest culprit in the weakened dollar was the fallout from the extremely low interest rates at the beginning of the decade and the resulting fallout from that.
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#9 | |
Senior Member
Join Date: Jan 2006
Posts: 5,084
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The US dollar started it's decline about the same time the dems took over Congress. I would guess that is just an interesting coincedence and the weak $ is another one of Bush's faults. |
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