Quote:
Originally posted by sperbonzo
Why? The weak dollar is GREAT for the US economy. This makes our exports cheaper, and our businesses more attractive to foreign investment. The only way that the weak dollar hurts the US economy is that goods that we MUST buy in other currancies (not oil), are more expensive. The strong Euro, for example, is the reason why European exports are so down, and unemployment in big exporters like France and Germany is TWICE what it is in the US.
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Unemployment has always been almost double in europe what it is in the US. It's much more to do with layers of Government beauracracy than the current price of the Euro.
A weak dollar is not good for the US economy. If the US was a primarily export economy then it would be a different story.