Is the value of the dollar collasping because of bush's incompetence?

Answer 1

The value the world gives to the dollar is like a global vote on how it perceives the future of the United States. The verdict is that the future is GRIM.

For too long Americans have lived on the ethos of keeping up with the Joneses. And the Joneses have been trying to keep up with the celebrities on TV. The US is full of people living beyond their means in unsustainable living arrangements. America has given pieces of paper for the world´s goods and services and for awhile they were more than happy to accept. But no longer. The world is awash in greenbacks that decline in value as America prints more and more.

Forget these fantasies about how a lower dollar will make our products cheaper. Production in the US consists of getting raw materials and parts from other countries and assembling them here. These inputs will cost MORE. Either you have to hike the prices of your goods or your profit margin vanishes. Plus, the US laborer will demand a higher wage as the weak dollar buys him less and the capital costs for America´s competitors are going down as their currencies appreciate.

Message for Americans: Prepare for a lower standard of living. MUCH lower.

Answer 2

It's just the dollar that is collapsing because of Bush's incompetence.

Answer 3

I don't know if it's because of Bush's incompetence, I guess that can be part of it, but I think that other countries are stepping their way up in the world. They're becoming business-smart. lol :) Most things are made out of country, that's why I say so.

Answer 4

As president Eisenhower said " God help this country when there is a president who doesn't know as much about the military as I do". That so fits bush. We are spending way too much for this war when it only took about half a million dollers to plan and destroy the twin towers.

Answer 5

i wish it were, but bush being a completely incompetent moron has little or nothing to do with it.

the federal reserve bank (the establishment that controls this country), has given the green light for war profiteering, extorting america for all she's got. and when they are done, they'll just merge america, canada, and mexico and create one currency, the Amero!

Answer 6

It is not collapsing. There are periods where the dollar fluctuates. I think you can correlate the devaulation of the dollar with the rise of the Euro. It is not really a bad thing in that it makes our products cheaper to the rest of the world and so we keep more jobs here rather than importing more stuff and employing people in other countries.

Answer 7

That's probably not the only thing collapsing because of his incompetence since he stole the Presidency.

Answer 8

Its more like general government incompetence and the realization that our "solution" to Bush is going to be someone like Hillary and her big spending plans.

Answer 9

lowering taxes ALWAYS results in a stronger economy and GDP. it also stops inflation IN OUR COUNTRY. the value of money in other countries with infaltion continues to go up. a dollar with a high value has positives and negatives, a dollar with a lower value, also has positives and negatives. The value of the dollar is lowering because of Bush's COMPETENCE.

Answer 10

I would like to think that it was bush, cheney, and greenspan that brought it down. (Yes, I purposely did not capitalize the names, because I have great disdain for all three of them.)