Quote:
Originally Posted by ABoyNamedSue
So you think Mother Government should do something about this? You find that people who want to make fair & square purchases should be denied from doing so, simply because they're not American?
Oh, and explain how this is Bush's fault. This isn't a monarchy, you know. There are quite a few more politicians that create laws in this country...most of which, are democrats.
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First of all, Republicans controlled all three branches of government for 75% of Bush's terms. So your claim that most of the politicians that created the laws are dems is inaccurate.
Second, there is linkage between the President and the falling dollar at this point. Iraq has a large role in the relative strength of our market. The war has cost by the most conservative estimates, at least 800 billion dollars. That debt is perceived as instability, as weakness. Instability causes investors to shy away from potential markets. The Iraq war belongs to Bush, therefore some of the weakness of the dollar can be attributed to his decisions. As the dollar falls in a globalized market, real cost of imported goods rises, which causes your own dollar to fall even shorter. Volatility in the price of oil has certainly been affected by increased instability in the middle east due to our invasion of Iraq. Bush's choice to invade Iraq has weakened the dollar.