In 2002 it's value was only $.62 compared to the U.S. dollar. Is the Canadian economy booming that much or is the U.S. economy failing that bad?
2007-09-27 05:21:52 · 14 answers · asked by truth seeker 7 in Politics & Government ➔ Politics
Regerugged - "some" people might benefit, but that is the problem. We need an economy where most or all people benefit.
2007-09-27 05:28:22 · update #1
The sad part is that many NeoCons EVEN TODAY have tried to say that the economy is doing phenomenally.
The dollar is about as weak as it's been in a LONG LONG time. The housing market is teetering on the brink of disaster, along with the sub-prime loan market.
THIS ECONOMY IS IN BAD BAD SHAPE ! Wake up NeoCons !.
2007-09-27 05:25:04 · answer #1 · answered by Anonymous · 6⤊ 2⤋
The powers that be doesn't want the public to know that the economy is in a bad shape. The housing crisis has forced the Fed's hand, and now the Fed is beginning to reve up the printing presses, and therefore inflate the money supply. They have sacrificed the dollar to float the economy. This will only get worse. The Fed's between a rock and a hard place - either inflate and save the economy or fight inflation and risk a recession.
2007-09-27 05:43:26 · answer #2 · answered by Think Richly™ 5 · 1⤊ 0⤋
Did you notice that all this started when the Dems took congress? President Bush actually ran businesses, and graduated from college. Ted Kennedy has never worked, he was born much richer than President Bush, and he's killed people. But you don't rag about him, do you? I agree, President Bush should have been more fiscally conservative. The best examples I can think of are the Prescription Drug Bill and the massive aid for Hurricane Katrina. Why should we mortgage our children's futures to buy prescription drugs for old people, many of who are very well off? If you build your house next to the ocean, why should our children have to pay when a hurricane comes along? But had President Bush held back on those 2 massive expenditures, you and all your left-wing dems and the press would all be saying how "heartless" and "mean spirited" President Bush is. The man can't win. But don't worry. In 10 months we'll have president Hussein Obama to fix everything. He's for change you know.
2016-04-06 03:50:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Currencies rise and fall in value relative to other currencies. If only I had known this 2002. I could have been a multimillionaire by now. The FX market trades 1.9 trillion dollars a day.
2007-09-27 05:29:16 · answer #4 · answered by Anonymous · 1⤊ 0⤋
The Canadian economy has been stagnanst for the last ten years. That should give you an idea of how our economy is.
2007-09-27 05:32:41 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Well we are building a democracy in Iraq is that a fair trade? We are such a generous nation we sacrifice our childrens lives and our economy so Iraq can have a democracy.
2007-09-27 05:45:34 · answer #6 · answered by Anonymous · 0⤊ 1⤋
It means the cost of American goods in Canada are cheaper, that being good for America as we are able to export more of our products to Canada vice importing from Canada. It also means Canadian imports are now higher, so bad for Canada, good for us, we are more likely to buy American which drives business growth. NAFTA must be working!
2007-09-27 05:59:56 · answer #7 · answered by libsticker 7 · 1⤊ 1⤋
Yes. It's like 1.04 now. We are in the Republican economy they have been trying to drive the dollar down for a long time. They want more foreign investment in our great nation.
2007-09-27 05:26:06 · answer #8 · answered by Anonymous · 2⤊ 3⤋
The answer is both but its more of a collapse on the American dollar since the growth on other currencies has not been as high.
2007-09-27 05:25:58 · answer #9 · answered by Edge Caliber 6 · 4⤊ 2⤋
No. The US economy is not failing. Some people in the US benefit when the value of the dollar declines. It is not necessarily a bad thing.
2007-09-27 05:25:22 · answer #10 · answered by regerugged 7 · 3⤊ 6⤋