CNNI financial analyst called Bush's "strong dollar policy" pure rubbish

[lebkuchen]

He said Bush's comments on the dollar belie reality. The dollar is at an all time low, and it's a weak dollar that is Bush's goal.

The financial analyst had a grim look. He must have uttered a huge gaffaw when Bush got to the part about the US economy and the strength of the dollar.

[adadem]

1. considering

that there are only 9 days til xmas the stores here seem pretty empty...same as any other time of the year. Noticed this Saturday and last evening.

[Media_Lies_Daily]

3. I talked to the manager of a men's retail clothing store...

...in Huntsville, AL, this past weekend. When I asked him how business was going, he hesitated before he answered with a rather bland "okay".

[Gman]

2. Again, I would LOVE to know how much speculating the Carlysle Group

is doing in currency. How many Euros have they bought? How about other big-time Republicans? How heavily have they speculated in currency? How many Euros have they bought in the last 2 years? Who stands to gain from this?

I guaran-damn-tee you someone associated with this "administration" is making huge-mega bucks speculating on currency right now. There's probably a lot of insider-type trading going on in that the people making the money most likely have first hand knowledge of Bush's long-term plans for the dollar.

[Nlighten1]

4. A weak dollar isn't always bad...

According to my wingnut brother it helps boost exports...the danger (of course) is it may become too weak.

[Monte Carlo]

6. It's bad for countries that import 5 times what they export.

Like the United States as a whole, for example. You're right, it's not always bad, but in our case, it's not particularly good.

[cthrumatrix]

5. The US really has no choice...we just don't want to see a "free fall"