[Hillary4Penetentiary]

Part of why I don’t think a weak dollar is all or mostly bad. US exports are way up and Canadians are coming here in droves to shop. The 3.9% GNP read of the 3rd quarter is largely due to US exports being so inexpensive and in greater demand due to the US dollar. The US media just wants to make it out to be “yet another Bush disaster.” It’s not. It’s probably something of a saving grace for the economy right now despite the credit crunch.

[esoxmagnum]

Yes, its ironic. In the 80’s, while Reagan was president, I spent every summer in either Hungary or Austria. The dollar was very high, and the conversion rate to buy Marks and Forints was wonderful if you had American money.

But, the papers and media were all claiming that the high dollar was causing a huge trade deficit, and that is what was killing America. No one could afford to buy American goods, cars, luxury items, machinery.

Because of Reagan, they argued, America was in its death throes.

Now, the dollar is not so high, and America is once again in its death throes. Where are all the articles about how this is good for our manufacturing sector in reducing surplus goods?

The media only swings one way folks, and its always to take a swing at America.

[fanfan]

It’s probably something of a saving grace for the economy right now despite the credit crunch.

Perhaps the low dollar will help with industry and manufacturing in the US, spurring the economy back to a position of strength. OTOH, the Chinese own the Western world right now, and if we don't stop that, the game is over anyway.

*sigh*