Yeah. It sucks that Bush won reelection, doesn't it?
Yeah. It sucks that Bush won reelection, doesn't it?
He was the lesser of two evils. 52 to 48 against an extremely liberal northeast senator is pathetic.
>>Yeah. It sucks that Bush won reelection, doesn't it?<<
Are you stupid, crazy or just being a wiseass??
The fact that the President Bush was re-elected hasn't done a thing for the US dollar except weaken it. Kerry's win probably would have done the same. No fiscal benefit from either of them. Security wise....the borders are still open, aren't they?
Who do you think keeps Wall Street moving? Foreign investors that's who. Would you buy stocks in an American company when you see that the value of the dollar and hence the value of the company is declining.
"The decline in the dollar stems from several factors, including foreign investors' increased nervousness about putting their money into the USA when America is running continualy humongous trade and budget deficits. These are considered serious risks to the U.S. economy because the dollar is down 20% since '99."
Or perhaps you live in a gold house on gold property. I hope you have thanked God for your intelligent investment moves because if you don't their value has declined.
The dollar is down 8.5% in the last six months against a basket of major currencies, according to Federal Reserve data. Yes you have lost 8.5% of your net worth in six months.
Now, if you are flatass broke, living in government supported housing and drawing benefits from every agency that gives them out, why do you care? I wouldn't either. Continue to preach the Party line. You'll only look foolish to large investors.
"Ryan Goan, president of Standish, Maine-based Verdia, which makes natural skin care products and supplements, says his costs have gone up 10%-15% in the past year. He buys fish oils and essential oils from Germany, Norway and other European countries: "Every time I place an order for raw materials, the prices have increased."
Sure, a weaker dollar abroad makes U.S. goods less expensive, but if the foreign consumers are not in the mood to spend money, U.S. firms will not benefit.
Competition among companies worldwide is so strong that firms abroad are meeting the decline in the value of the dollar by cutting costs and prices to continue to compete. That reduces any advantages all U.S. companies may have gained from the weakened dollar.
Foreigners aren't like us. They have a hard time sleeping when their credit cards are maxed out, so they cut back in their buying, of everything!
We are the largest country with the largest debt in the world and we have a falling economy because out outsourcing and other factors. Not looking the best I have seen it.
I think so.