Why have the Republicans caused the fall of our U,S dollar? why would they degrade our money that way?

Question

almost 20 peso down in thePhilippines,thats per dollar,,,WHAT THE HECK IS THEIR PLAN?

Answer 1

I fail to grasp how this is a Republican problem.

Answer 2

Could you be any less educated?

The fall of the dollar is a direct result of the Congressional elections in 2006.

Keynesian economics tells us that money is based on the perception of market value. The more stable a government is the more the money is worth. By electing a Democratic Congress the people of the United States created an antagonistic and unstable government.

The value of money has to go down.

How much?

Less than half of what the dollar was worth in 2006.

Money is a liquid asset and until 1933 money was based on the value of Gold. In '33 we went to a semi-Keynesian economic system where the government backed the money, but, the money supply was based on the amount of God the US government has. About 9 tons.

In '70 we went to a pure Keynesian economic system where the amount of money is no longer dependent on Gold at all.

Since then the monetary supply has increased at twice the rate of the dollar so the money is worth twice what the liquid assets are worth. Actually 1/4 since we have about 2 billion in Gold and the M1 (Money supply) is 800 billion, but, as the dollar falls Gold will rise until it is worth about 1600 an ounce (2006 dollars) which is about what it was worth in Jan of 1980.

Governmental stability = money stability. Antagonism between Congress and the President = dropping dollar.

Withdrawal from Iraq = dropping dollar since the world perception would be bad US government.

If you want the dollar to go up stop the animosity toward the President and support the Iraq war.

Since that is not going to happen....Well, I remember the Carter years and I am getting ready for them again.

Answer 3

In the same way that men are prone to boast about the size of certain body parts, policymakers like to tout the merits of a strong dollar. While the former is usually harmless, promoting an overvalued dollar can be an incredibly destructive economic policy...

Answer 4

Why would anyone stupid enough to think that the Republicans caused the fall of the dollar have any interest in anyting political at all? Shouldn't you be reading comic books or watching cartoons? Mabuhay!

Answer 5

We are still waiting for the wealth to trickle down, but the only thing going down is the value of the dollar

Answer 6

bwaaaah haaaaah yeah right...THINK AGAIN LIBERAL
29 BILLION in pork spending...harry reid
socialized health care for families making up to eighty grand a year proposed....HILLARY CLINTON
36000 carded requests for unrelated pork tied to the defense bill WITHOUT DEBATE nancy pelosi
757gate NANCY PELOSI
the non taxpaying territorial vote grant to install more pork...NANCY PELOSI
and this is a republican problem...how????

Answer 7

It is totally this administration fault. When you have a deficit, the dollar starts to de-value itself. The Tax cuts have indeed made our dollar fall. The deficit is roughly at 9 Trillion and COUNTING. I would not blame all republicans on this one however. I would blame one---President George Bush. Because of his policies, we have a poor dollar, and a failing housing market.

Answer 8

The dollar has been overvalued for years . . . this is not the result of one administration or two or three . . . but the long term effect of economic policy. The trade-off for corporate enterprise on a global scale is the fall of the U.S. dollar. The question we should be asking ourselves is . . . when does the fall of the dollar no longer benefit the economy.

Answer 9

It's Reagan's fault, that's Bush's plan.