I don't think it will fall much more right now. There's some fundamental value to it and he's going to be out of office soon. So even if the next pres is just as incompetent as he is, we will still get a short term boost just because of optimism about the removal of the bush.
Unfortunately our long term-future outlook isn't much better; what are our children bringing to the table that the world economy can't compete with?
2007-10-19 06:33:28
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answer #1
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answered by Anonymous
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A lot of the value of the dollar has to do with the fact that the national debt is $9 trillion. We (meaning both Republicans and Democrats) have to get the debt paid off as quickly as possible.
I have several ideas on how we can accomplish this task without the need to raise taxes. Granted a lot of endangered flys are going to go unmonitored and the mating habits of many species will just have to wait to be studied.
In reality there is approximately $300 billion in wasted spending that happens every year. That figure could be much higher, but I haven't finished going through the budget. Sadly even at paying $300 billion per year on it, the payoff will take 30 years. So, something more has to be done to reduce the debt.
Perhaps the answer is a tax increase that will raise the amount we can pay on the debt to $500 billion. That bring the payoff time down to 18 years. Though I should point out that even after the debt is paid off, we still have to pass legislation that prevents spending more than the government takes in.
Zardoz - Bush hasn't doubled the national debt. He has added $3 trillion to the already existing $5.9 trillion debt. Thats not even close to double now is it!
2007-10-19 13:43:53
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answer #2
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answered by Anonymous
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Well if you will read you will see that the dollar started losing value long before Pres Bush was put in office......same as the terror war started before he was in office......and it started off and on way back...but its decline was in the Clinton administration....so was the terror effort was during the clinton adminisration.....he bombed the Talibon in Afghanastan when he was in office.....but the present Bush white house is blamed....and now the present Bush white house is blamed for the declining dollar.....which if you would read started to decline with the Kennady administartion in the 60"s and it was his agenda that spent all the money in Soc Sec..and wrote IOU's to cover them....and it was in the Carter Adm...that he started borrowing from the Chinese to cover those IOU's in the States....and it was Bill Clinton that renewd that some agenda with we buy more then we export idea thus closing more manufactoring jobs and started the outsource movement......and His tax increase that put most middle america out of business...it is the Bush Office that put in tax breaks for the middle class and poor that clinto office Taxed to death....and now more liberal democrats are already asking for more tax increases and says if in Office they will do it again...!!!! so whos to balme for the declining Dollar......look in history man.........if goes aways back !!! you just got stuck with it...like Bush and the rest of us has !!!!!!
2007-10-19 13:35:36
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answer #3
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answered by hghostinme 6
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Your knowledge of economics is lacking. A decreasing value of the dollar is not necessarily a bad thing. Mr. Bush did not cause the value of the dollar to drop.
The Fed lowered interest rates, recently.
2007-10-19 13:38:19
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answer #4
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answered by regerugged 7
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Last I heard Canadian dollars were 1on 1 with the USA. At this rate, it won't be long before we're trading straight across with Mexican Pesos.
2007-10-19 15:45:01
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answer #5
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answered by Anonymous
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There's no bottom to the slide caused by the ruinous policies of the Bush Administration. When you double the National Debt in seven years it's to be expected.
2007-10-19 13:33:26
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answer #6
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answered by Zardoz 7
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You must have counterfeit money. My dollar is still worth 50 cents just like it was during the Clintoon administration.
2007-10-19 13:32:18
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answer #7
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answered by Anonymous
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You'll know things have gotten ridiculous when working-class Ethiopians are shopping on Rodeo Drive...
2007-10-19 13:30:31
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answer #8
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answered by Anonymous
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Until the economy crashes, and the middle class is destroyed.
2007-10-19 13:59:59
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answer #9
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answered by masterplumber1975 3
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Bush isn't helping, but I'm afraid this is a process that got its start long before he took office.
2007-10-19 13:32:05
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answer #10
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answered by Bookworm 4
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