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Okay, here is the short bus explaination:
As the US dollar drops, two things happen:
1) It becomes cheaper to produce things inside the use, and to keep service jobs in the US, because the cost of importing good or sending work offshore goes up
2) As the dollar drops, the stock market indexes in the US tend to rise because of (a) increased employment (see 1 above), (b) increased revenue when expressed in US dollars for American companies that sell overseas, and (c) the combined effect which suggests a more robust economy.
The reality is that a cheap dollar in the short run makes the US economy run, but will likely lead to inflation over time unless things stablize. It does, for the moment anyway, make the current President look like he has a good economy policy, because most people aren't savvy enough to realize that they are losing value relative to the rest of the world.
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