Is this bad for Democrats? "Dollar Rises"?

Question

Dollar Rises

The dollar rose Thursday against the euro on a stronger-than expected U.S. economic report and a decline in consumer confidence in France, one of Europe's largest economies.
The dollar also was bolstered by a report from the Commerce Department that the U.S. economy grew at a 4.9 percent pace from July through September. That was the strongest performance in four years
http://www.cnbc.com/id/5993188/for/cnbc/

Answer 1

No, it's not bad for anyone, it's good for our country is what it is. Why must we always try and divide our great nation into two sides?

Answer 2

1- The dollar is still so weak against the Euro that this small rise will have no discernable effect. In theory a stronger dollar works against export of goods and services but in this case again it will not make much of a difference. Therefore effect on Democrats = 0.

2 - The dollar is still quite strong against the chinese Yuan. Therefore good paying jobs will continue to flow to China throughout this year. And, China will continue to compete for scarce resources...fuel,metals,wood,etc. Driving up the pricies further. Therefore net effect on Democrats is positive since the Repigaglins have the perceived trough and the voters will punish them at the poll booth once again.

Answer 3

When the dollar rises, imports become more affordable to us, and the trade deficit tends to increase. When the dollar falls, exports tend to rise; that helps create jobs here, and boosts GDP. So, is a falling dollar bad news, or good news?

In the long run, a falling dollar is usually a precursor to higher inflation. So, in spite of the apparent short-run benefits, it would be better if the dollar leveled off, removing a measure of uncertainty. Financial maneuvers to avoid inflation or deflation distract resources from the task of real growth.

Here's the latest version of the trade-weighted dollar chart; the dollar is almost back down to its 1997 level. (Exports, by the way, are behaving as predicted: rising briskly.)

http://research.stlouisfed.org/fred2/series/TWEXB?cid=105
http://www.bea.gov/newsreleases/national/gdp/2007/pdf/gdp307p.pdf

Answer 4

I think this is the begining of a new cycle of growth, expecially since the trade deficit also fell a little bit. Ant news on the Canadian Dollar? I'd like to see how we are compared to that now

Answer 5

Sort of.
A weak dollar means US goods and services are cheaper abroad. Which means more US goods and services are consumed. Since most manufacturing in the US is unionized. It means more jobs. Unions usually support democrats.

So has the dollar rises, less goods will be produced, less union members will have jobs and they are more likely to be pissed off and vote for Democrats.

Answer 6

I assume you're kidding. The dollar is almost down for the count. The jump in the dollar is a dead cat bounce. Only reducing our enormous trade deficit and National Debt will reverse the dollar's slide. This won't happen while George Bush is in the white house.

Here's a chart of the euro. See if you can find the dollar bounce:
http://futures.tradingcharts.com/chart/EC/W

Answer 7

No its not "bad for Democrats", Its good for everybody, right?

Love the way you post everything as a pro-right wing smear.

Answer 8

It's about time.

Answer 9

Ya, Ha, ha! Haven't I been tellin' ya'? Of course but watch what they are going to say. They will put the kibosh on this too! Remember, doom and gloom!

.

Answer 10

Don't see how it can be bad for anyone.