The EU was stung very hard in 2000 when the US dollar based equities and markets took a plung, along with their investments, which in turn hurt budget planning which need those returns to fund the socialist economies of EUroland. The EU will not easily be re-attracted into US markets or stocks, but this weakness in the dollar has the political and economic potential to hurt our greatest detractors, e.g., Herr Schroeder and Comrade Chiraq, and to a bigger extent but of lessor import the Kings of Beligum and Lexumbourg.
A weak dollar will reverse out flows of dollars, inflows of imports which coupled with all the rising indactors int eh economy - plus the revamped tax code which will stimulate TAX RECEPIPTS as a dividend.... the US Economy will be back in everyone's Eyes and the US Government's debt wiped out. Regean-nomics is real given the time and Bush got things rolling 10-months ago - he now has four years to watch the economic hopes of democrats sink with prosperity!