Aussies are in the same boat, yesterday the dollar was at 88 cents and going to hit 90 cents anytime now. There's also talk we may be on par with the green back by the end of the year. Yikes!
I remember the good old days of 48 cents, wheb we were literally doubling our money. That was only 6 years ago too.
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I think the US should strengthen the dollar by putting fair taxes on imports
Well, its a little more involved than that. but in a nutshell (if thats even possible), the US economy is going into the toilet for alot of reasons. The housing market bubble is bursting, too many people have mortages that they are defaulting on, the spending on a war no one approves of anymore, a president with one of the lowest approval ratings in history, and other issues that is causing your dollar to crash through the floor.
Well, its a little more involved than that. but in a nutshell (if thats even possible), the US economy is going into the toilet for alot of reasons. The housing market bubble is bursting, too many people have mortages that they are defaulting on, the spending on a war no one approves of anymore, a president with one of the lowest approval ratings in history, and other issues that is causing your dollar to crash through the floor.
You are forgetting a few things, the Hill has a lower approval rating than bush, after all they are the ones that make the laws.
The spending on illegal immigrants and work visas ($35,000 a year per person) that tops the spending on the war. The war we can pull out of, illegals living here is a little harder.
I am just pointing out that tech stocks put us on the downfall long ago, then all this shit just kept dragging us down.
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