The dollar has fallen to 85 cents against the Euro?

Question

The Bush Administration has sent $400 Billion U.S. tax dollars to Iraq. That is an outrage with our deficit so high. Now he is asking for another $90 Billion of our tax dollars for Iraq. This entire war was based on a lie Bush called WMD's, this was not a war for democracy! So my question is this.

What could that $490 Billion dollars have done for our deficit?

Soon we will face a major financial crash and your retirement fund will be worthless. China will dump billions in U.S. currency and America will become worthless.

This is madness

Answer 1

China's going to slowly dump the dollar. Iran's going to switch from the dollar to the euro for oil trade. We're farking doomed, DOOMED!

Answer 2

In the last 18 months the deficit has gone up by 617 billion and the GDP is up 1.1 trillion dollars. That is almost doubling their money, not too bad.

As far as China dumping the dollar is concerned they won't. What China will do is open their currency (the yuan) to the open market and take off the artificial caps and restrictions on foreign investment. This will cause the yuan to rise astronomically while the dollar and the euro crash. The China becomes the world's superpower followed by Great Britain because they turned their back on the Euro.

If you want to save billions of dollars a year the US should realize the cold war is over and eliminate all but a few strategic air bases in Europe (one in Great Britain, one in Germany, and perhaps one in Poland). This act alone will cause the euro to crash below the dollar and will free resources for bolstering the US domestic agenda.

Answer 3

You hit the nail on the head. First of all these people say that it was bad intellegence, but there is documented fact that they along with the UK were going to fix the policies around the issues and create false intellegence to be able to invade Iraq.(Downing Street Memo).

Secondly when these people tell you that a weaker dollar is a strong dollar, they are talking about foreign countries buying more U.S. imports. What they don't tell you is how the cost of foreign imports coming in go way up and the products in America are currently 85% imported and 15% are American made. They have done their best to destroy Union and American made products. They have outsourced all manufacturing to Asian corporate entities and India.

Lining their pockets while destroying the very financial fabric of America!

They have sold out America and have tried their hardest to bankrupt us all. So yes, America will soon be worthless and we will be owned by foreign interests. You can thank the Bush administration for that.

Answer 4

Well the dollar dropping is due to money no longer being backed by gold. one of the "briliant" decisions made by ex president Jimmy Carter. Because of that the dollar will continue to drop in value. As the the deficit being so high i dont think anyone can forsee what will happen in war and just look at history... wars are expensive. But if one thinks about it whats a few billion dollars for the security of our families?

Answer 5

In the same time period, the US has spent over $5 trillion on unConstitutional outlays. All welfare is unconstitutional. As is social security, medicare, medicaid, educational spending, etc. Per the 10th Amendment, what is not specifically listed as a power of government in the Constitution is not within their authority. I will refute any claim that it is.

It is this odious socialist spending that has driven the debt, not the cost of the war. Consider what that $5 trillion could have done for our deficit.

As for your absurd spewing about Bush lying about WMD, you really, really should spend some time learning the truth, not the DNC spin.

Answer 6

definite. the U. S. dollar has already fallen on information of Lehman Brothers implosion. i will see the U. S. dollar fall even extra. (for sure, basically in time for my holiday to eire. under no circumstances fails.) besides the indisputable fact that, there are some factors which will cushion us, yet not remove the damage. the cost of oil has gotten overwhelmed on decrease call for for oil, even after OPEC presented a 500000 barrel decrease. also, Europe and England at the on the spot are not in fantastic condition both. they are in as undesirable a structure as us or maybe worse. we are extra ahead on the slide to the bottom than the european or England. that's going to also take the european longer to bop decrease back from that's complications. there is also talks that the business company of england would ought to diminish costs of pastime besides. Sorry for that lengthy winded answer. the fast answer i trust is definite.

Answer 7

Wait till the Dems take power. The dollar will drop to about 65 cents compared to the Euro.

Answer 8

Seeing as Bush did not lie you're judging this completely wrong. We had false intelligence and had to take the premptive to not only protect us, but countries around Iraq. The intelligence was wrong.

A better question would have been had we had better intel or if we had not taken the premptive...

Yes we could have done a lot more with the money but it's too late now. No use complaining.

Answer 9

When you liberals spout this anti-Bush crap, why don't you include deficit levels with respect to GDP.
Is it because then you would see that the GDP adjusted deficit has been much higher many times in the past???

"The Twist"- you do realize that $.76 is a stronger dollar than $.84, right?

Answer 10

You sure it's not 76 cents, now?

To the guy questioning me ("Johnny"):

You do realize I was just giving him the current exchange rate, don't you? And, umm, No, if you're gonna correct someone, be right about it.