American Dollar going down...?

Question

Why does it seem that when republicans have control of the white house the American Dollar loses values almost daily?

Answer 1

The dollar has in fact been falling for some time now. Not the economy, the dollar relative to currency in other countries

"The dollar has fallen sharply, about 30 percent, against the euro during this past year. At the moment, one has to pay about $1.24 for each euro, while three years ago one only had to pay about 80 cents for a euro, but at the beginning of 1999 the euro cost about $1.15. The dollar has also fallen in recent months against the British pound, the Japanese yen and many other currencies, but as much as it fell against the euro."
http://www.cato.org/dailys/01-02-04.html

"Just as the Dow Jones Industrial Average provides a general indication of the value of the US stock market, the US Dollar Index (USDX®) provides a general indication of the international value of the US Dollar. Similar in many respects to the Federals Reserve Board's trade-weighted index, the USDX does this by averaging the exchange rates between the US Dollar and six major world currencies."
http://www.akmos.com/main/forex/usdx.html

"The US dollar went down to a record low of $1.33 to the euro at the end of last week amid signs that foreign central banks, which have invested heavily in US treasuries and other forms of debt, are looking to shift some of their resources out of US financial markets."
the US economy has been built around the strength of the US dollar “and the apparently firm and virtually unbreakable international support it enjoys.” But in the aftermath of the Bush re-election “international support for the dollar and for related US economic and foreign policies is noticeably weakening, at a time when it is most needed to support an unprecedented and mushrooming mountain load of debt.”
http://www.wsws.org/articles/2004/nov2004/dol-n29.shtml

Despite these facts, the U.S. government does not publish full current account data for China, instead lumping China in with “Other Countries in Asia and Africa.” This keeps the magnitude of the problem out of sight.
http://www.newsmax.com/archives/articles/2004/11/16/101758.shtml

Answer 2

The dollar has gone down considerably since Bush took office. Most of that is foreign investors getting out of T-Bills because they don't have faith that their money is safe invested here anymore. The link show performance of the dollar against the euro.

Answer 3

Yes, probably. Dumbya thinks why work for it if you can steal from the government that they want to "drown in a bathtub".
Why??? Shamlections and money advantage if you are talking about the major past 2.

Answer 4

That's as foolish as libs trying to make us believe that we are in a recession. The market is near all time highs and we have jobs all over that we can't fill because, evryone who wants to work is working.

Answer 5

see Jimmy Carter: Double digit inflation, double digit unemployment if you want to start making the logically flawed associations (see post hoc ergo propter hoc)

Keep Hope alive! Jimmy carter reference was to show you how quickly somebody is going to blame outside sources in that case, but dollar devaluation this time has got be bush's fault

Answer 6

Just like Monica L.

Answer 7

Hey I don't know what fag liberal your listening to but the dollar is not going down

Answer 8

Elect Democrats and the 20 million illegal Mexicans they will amnesty will make you feel better.

Answer 9

not yet after 29 years it will lay down

Answer 10

Yeah no kidding. Bush's irrespincilbe poliices have sunk our dollar. Try traveling anywhere not third-world and its way expensive thanks to our crappy exchange rate. Blame the record setting budget deficit and the War.