- Joined
- Aug 27, 2005
- Messages
- 43,602
- Reaction score
- 26,256
- Location
- Houston, TX
- Gender
- Male
- Political Leaning
- Conservative
Indeed. There's advantages both ways. Having an artificially high dollar like we do, we're able to consume more than we produce. The world is basically subsidizing us. Good for us in that we get more stuff, sweet.
On the other hand, a weaker dollar is connected with higher exports (IE jobs!) and lower imports (including outsourcing to foreign countries.) Japan intentionally kept their currency low for years to maintain their exports.
Personally, I'd love to have the dollar fall to it's true value. Since that's both good and bad, everyone can be happy. Those who oppose the current administration can blame Obama for it. Those who support the current administration can praise Obama for it. Win-win!
While those in the know, with no political axe to grind, can condemn both Bush and Obama for the destruction of the dollar.