2007-11-14 15:04:28 · 11 answers · asked by Anonymous in Politics & Government ➔ Elections
is this a serious question?
2007-11-14 15:08:06 · answer #1 · answered by twinspick22 3 · 3⤊ 2⤋
I can think of nothing worse than increasing the value of the U.S. dollar by over 35% over the next 12 month. The only way to make that type of shift in the value of the dollar would be by a massive rise in interest rates. We already have a problem with loans defaulting because of increases in the interest rate over the past several years. Any more increases and we are very likely to have a major recession.
Other than people who place too much emphasis on the relative value of currency (and aside from some involved in foreign trade and foreign travel), most Americans are only minimally impacted by a "strong" or "weak" dollar. Given that we are the country with a potential financial crisis, I fully expect the federal reserve to lower interest rates in the coming year. As a result, the value of the dollar will continue to decline over the next twelve months.
2007-11-14 23:18:24 · answer #2 · answered by Tmess2 7 · 3⤊ 2⤋
You need to learn about the U.S. Dollar value. What has happened in short form is the Federal Reserve has printed up so much money with nothing to back it up, that now our money is worthless, but of course We the People are charged interest on this worthless money. I believe Bush is well aware of this and thats why he `s not concerned about how high our deficit goes and maybe he figures if we become the middle of the North America Union we`ll switch to the Amero or we end up on the Euro which does have value. Where that leads I don`t know, but that is the nature of the beast. (the Federal Reserve that is)
2007-11-14 23:35:23 · answer #3 · answered by Scorpian S 4 · 4⤊ 3⤋
I hope so. I'm a republican but I can only defend Bush 70% percent of the time. This is part of that 30%. He has completely ignored the economy. Inflation is killings us. Mitt can fix that though.
2007-11-14 23:15:55 · answer #4 · answered by Anonymous · 3⤊ 2⤋
Sounds like another liberal is trying to shift the blame for dummycrat spending onto republicans. If Clinton had not given all the jobs to China in exchange for Chinese financing of his 96 election we would not have suffered the devaluations since then.
2007-11-14 23:12:56 · answer #5 · answered by mr conservative 5 · 3⤊ 3⤋
The dollar will never increase until we control our spending.
2007-11-14 23:08:25 · answer #6 · answered by Exitwound 7 · 3⤊ 1⤋
Increase the U.S. dollar 35% ?????? Well, that was accomplished 6 years ago ... We have had the most growth in the stock market in many many decades under the Bush Administration.
2007-11-14 23:07:34 · answer #7 · answered by ValleyR 7 · 3⤊ 6⤋
What are you talking about? The administration can't just set what the dollar is worth.
2007-11-14 23:08:06 · answer #8 · answered by kathy_is_a_nurse 7 · 1⤊ 3⤋
The dollar is worth less than ever these days. What an embarrassment.
2007-11-14 23:10:08 · answer #9 · answered by Anonymous · 6⤊ 3⤋
Sure why not, America's economy is pretty bad anyways. Maybe they should restart the gold standard too!
2007-11-14 23:07:35 · answer #10 · answered by colgatesuper 2 · 3⤊ 2⤋