The Dollar is Higher Than it Averaged Under Clinton. Are Dems Educated Enough to Know That?

Question

It's at the same level it was before the Clinton Fantasyland economic bubble.

Do Dems get angry when facts are presented?

http://www.optimist123.com/optimist/images/2007/06/05/trdwtddolr_070605.gif

westhill.... pay attention in class. Trade-weighted dollar.

Answer 1

A link to your homemade webpage doesn't count as proof. Oh, by the way it doesn't matter the "worth" of the dollar if you have to be part of Blackwater, Halliburton or Exxon Mobile to enjoy it. How about throwing the American people a bone once in a while and not just the top 1%.

Answer 2

OK - so if we look at your source we see that while Clinton was president the dollar had a generally upward trend, and while Bush is president it has moved down again. Is that the point you are trying to make?

By the way - were the 22 million jobs created under Clinton fantasyland as well? Clinton may have benefitted from the dot come bubble but no more so than the Bush administration has benefitted from the housing bubble and the China/India expansion. The difference is we were better off when Clinton was running the show (lower poverty, unemployment, increasing median wages, and not adding trillions to the debt our children will have to repay).

Answer 3

Wow, interesting to see the contortion required to make the analysis you do. Basically, the graphs you provide the link to indicate a few things. Yes, ONE of them is that the value of today's "trade-weighted dollar" is no lower than it was under Clinton in approximately 1997. HOWEVER, what you fail to point out is that contrary to all other previous administrations included on the graphs you present, BUSH43 is the ONLY one during which the trade-weighted dollar index experienced a significant and sustained decline essentially beginning with the start of the administration. If we choose to now define "success" as "we are no worse off than we were 10 years ago" then you have a point. I, however, choose a different definition of success and therefore, must ascribe failure to this administration's economic policies.

Answer 4

Here's a source, from a conservative, that disproves your facts.

"The British pound is back up over $2, the highest level since the Carter era. The Canadian dollar, which used to be worth 65 cents, is worth more than the U.S. dollar for the first time in half a century.

Oil is over $90 a barrel. Gold, down to $260 an ounce not so long ago, has hit $800.

Have gold, silver, oil, the euro, the pound and the Canadian dollar all suddenly soared in value in just a few years?

Nope. The dollar has plummeted in value, more so in Bush's term than during any comparable period of U.S. history. Indeed, Bush is presiding over a worldwide abandonment of the American dollar."

Pat Buchanan - Sinking Currency, Sinking Country
http://news.yahoo.com/s/uc/20071102/cm_uc_crpbux/op_334275

Answer 5

According to your source the dollar is worth more than it was ten years ago. Barely more. If the value of the dollar fell even more, you could still say that the value of the dollar is still more than it was in the 1980's, but we weren't paying $3.00+ for a gallon of gas either. It's called inflation.

This is strictly hypothetical because I know nothing about economics nor do I pretend to know. What if the dollar isn't dropping? What if the economy in Europe is getting stronger? Why do we have to base our economy against the rest of the worlds?

Answer 6

The reason that the average value of the dollar was lower under Clinton was because the dollar value started rather low, but Clinton was able to increase it (hence the rise in the economy, surplus, etc.), whereas the current value of the dollar is a drop rather than a rise.
So, though the quantitative number may be higher, you must agree that a increase in dollar value over a presidency is better than a decrease in value.

Answer 7

The dollar may be at the same levels right now, but that doesn't necessarily mean anything. You have to look at trends and also look at other currencies. The dollar doesn't have an absolute value that we can peg and compare. It is all relative to other currencies around the globe. Right now, the Euro is dominating the global currency market, and the dollar is slowly falling. Not plummeting, but slowly falling. I'm not pointing a finger at anyone since both Clinton and Bush have made good and bad decisions about the economy, but you can't just say that one group is blind because something like the dollar's exchange rate is the same.

Answer 8

You must be a republican so I will excuse your ignorance. I am neither a democrat or a republican but know that the dollar is only a piece of paper. It means nothing in essence. What does it matter that its worth is higher now than before? Everything around us costs more because those in control, like dems and repubs, want it that way.
Everything isn't want it appears to be. There is a scam behind everything our government controls.

Politicians are all scumbags, or at least 90% of them.
All politicians are very intelligent, more intelligent than "some" of us. They know that we will only know what they tell us.

My suggestion to you is to do a little more reading about all the corruption in this country that is perpetrated by Republicans and Democrats alike. They are all in it for one reason and one reason alone......MONEY.

Answer 9

I'm not a dem and that's not true. The American dollar is at an all time low. I'm going to need a source that can actually be traced back to a reputable economist or think tank to believe that you know something that no one else, apparently, knows. .

Answer 10

If you want to know the truth about dollar value, try this website: http://woodrow.mpls.frb.fed.us/research/data/us/calc/. Put in any Clinton year you want and then put in a Bush year and see how much more it cost to buy things in the Bush era. Or will you get angry when facts are presented?