Strength of the dollar:
Vs. the Euro
2008 - The dollar strengthened 22% as businesses hoarded dollars during the credit crisis. By year end, the euro was worth $1.39.Notice that the dollar is stronger compared to the Euro today, even after a the phony bump it received in 2008 from dollar hoarding.2011 - The dollar's value against the euro fell 10%, then regained ground. As of October 7, 2011, the euro was worth $1.35.
By Treasury Notes
2008 - The yield dropped from 3.57% to 2.93% (April 2008-March 2009), as the dollar rose."Strength" of the dollar can be somewhat subjective, as it there is no direct way to measure it. One aspect that has hurt the dollar is in foreign country reserves, but much of that is directly attributable to the 2008 crash itself and the low interest rates that followed it. That's another area where the US is in a bit of a Quagmire (giggity) since low interest rates are not attractive for investors, but high interest rates are not attractive for home buyers.2011 - Here again, as the dollar weakened in April but rebounded by October. The 10-year Treasury note yield was 3.36% in January, rose to 3.75% in February, then fell to 2.24% in October. (Remember, high yields compensate for low dollar value.)
If you look at the dollar index, then I think you'll find that blaming Obama is somewhat laughable:
So you tell me, friend, what would you like to see Obama do to "fix" the dollar and how is its long decline his fault?