Bush and company have thrown the Dollar on the bargain basement shelf by continued lowering of the interest rates.
Printing more money to pass out as party favors, will further devalue the buck.
It is a simple concept that as the Dollar shrivels in value, it will take more to buy anything, even oil.
If You don’y buy from Europe or Japan, there is no real penalty.
Goods imported from countries tied to the $$ and made in USA ar cheap nor affected.
Meanwhile exports and tourism are booming.
Yeah, I will never forget the picture of Germany with the pile of money in the street equal to one US Dollar.
The dollar started weakening long before interest rates were being lowered. W's loss of his veto pen had a lot to do with that. As for now, you'd be better off telling the EU to lower their rates to bring down the value of their currency.
They are lowering the dollar for a few reasons:
Bring back a manufacturing base.
To hurt/punish China and Euroweania.
To shore-up American agricultural dominance.
To shake the world’s reliance on the USD.