Does George W Bush primary responsible for the Dollar decline against world currencies notably the Euro and M?

Question

Euro and Mexican Pezo?

The Dollar index dropped 35% from 2001 levels. The index dropped from 120 to 750 as it stands now according to Wall Street Journal Market Data Group. some body should take the responsibility. Not Clinton of course. It has been seven years already. The stock market is taking a beating because the Dollar is losing value. So blame it on Clinton.

The index dropped from 120 to 75.

Answer 1

lil W resident and thief doesn't care about the decline of the dollar. He and Dick and the rest of the legion of doom have invested their money in euros and the yen.

Answer 2

The problems in the US economy has been there for 30 years with the growing trade deficits and the shrinking of both private and, except for a few years in the 90's, government savings rates. It is the fault of both government policy and private behavior, especially the upper income group who use to do most of the saving but for some reason no longer save, even as their income share grows. Also the growth in other economies have had an effect. Bush is guilty only in that he did nothing to improve the problems, and in fact seem unaware of them. His appointments both in agencies, and as White House advisers on economic matters seemed to be driven more by ideological purity than practical experience. Their ideology is that free markets will fix all economic problems, and the market "fix" to trade deficits is to devalue the currency, so it is not clear that they consider it a problem even now.

Answer 3

The US Government, whether you care to define it in the person of the President personally or the institutions that define and execute public policy, are responsible for fiscal and monetary management over the short- medium- and long-term. So although it may be unfair to lay all the blame on poor old George personally, as he has enough to contend with right now, it is the responsibility of government. Do not overlook the possibility that there may have been a deliberate policy decision to let the US $ depreciate against foreign currencies.

Answer 4

Yes. The U.S. economy is in bad shape. The stock market has had the worst 7 years in U.S. history (barely above what it was when Clinton left office). Usually you should expect at least a 3% gain per year. And the dollar is at it's lowest in history. And the deficit keeps growing while manufacturing jobs keep leaving.

Answer 5

It's the European economy, in the last few years, the Euro has inflated faster than the dollar, but due to the devalue of the pound in the late 90's, thr pound has become one of the most, if not THE most, valuable currency in the world.

Answer 6

No George W is not directly responsible. The reason is that the US has a huge debt and the economy is not that strong. Stating a war, makes borrowing agains banks even larger, so it suits the banks and can restart the economy, unfortunately, the banks did make money but the econony did not restart. The US are living on borrowed time.

Answer 7

Hmm, not sure but does that mean he personally deserves the credit for our booming exports, which look to be an all-time world record for any country in history this year? And do we thank him for reducing the current account deficit by 20% so far?

Answer 8

no the american companies move out or selling out to forien countries is the reason as well as most of the goods come from overseas go to any WAL-Mart. how many goods in the store are made in USA?

Answer 9

Primarily? no, it's not his fault directly. Some of his decisions have had major affects on it though.

The US economy is NOT in a good position right now.

Answer 10

Does your dislike for Bush impair your ability to make statements that no one understands?