Is this Bush's fault or the terrorists?
US dollaras 5 yr chart against Russia’s "dollar"
http://finance.yahoo.com/currency/convert?from=USD&to=RUB&amt=1&t=5y
Against China’s
http://finance.yahoo.com/currency/convert?from=USD&to=CNY&amt=1&t=5y
Against the Euro
http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=EUR&submit=Convert
The Pound
http://finance.yahoo.com/currency/convert?from=USD&to=GBP&amt=1&t=5y
And the Canadian dollar
http://finance.yahoo.com/currency/convert?from=USD&to=CAD&amt=1&t=5y
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The Federal Reserve.
The exchange rate is due to the lowered interest rate.
When money is cheap and readily available, investment and growth are encouraged.
This also makes goods produced in the USA more desirable on the world market, and discourages purchases of imports.
It creates a favorable tourism economy, as staying in or traveling to the USA becomes a bargain…while traveling abroad becomes more expensive.
To answer your question;
Funny I seem to have read that the value of the dollar was the responsibility of Congress not the President. Yup there it is in the Constitution, section 8. Oh and the dollar really only tanked after the Democrats took over Congress in 2006….hmmmmm.
Everything is Bush’s fault, get with the program. Terrorists are just **** ants.
I think when a country, a company, or even a person becomes hated for their impurity or lack of nobility, a financial crash is a mystical consequence
Gold has been going higher and higher since Bush took office. Someone is not watching the ball.
The Federal Reserve creates the policies that control the value of the dollar and the economy in general in the United States. It may surprise you if you find out how little control the President has over many of the policies that are set forth in the government.
The President is the fall guy when something goes wrong and the people actually responsible for the events that go wrong in this country usually do not get the blame.
Since currencies flucuated based on national and international conditions it is really no ones fault but a collection of faults.
It is both their faults. The terrorists caused damage to our economy, and the wars in Iraq and Afghanistan have really hurt. Bush is responsible for much of the problem, because he went to war without raising taxes to pay for the wars. Foolish. He is an incompetent neo-con globalist who will have the next generation paying the price for his idiotic economic policies.
The Bush haters say everything is Bushes fault, no matter what. I, for one am sick of blaming everything on Bush. I am not saying Bush doesn’t deserve criticism, but I am tired of the nasty remarks every day here on yahoo. He will be gone in a few months, then maybe they will pick on the new person. Maybe people should start looking at themselves and see if they are causing anybody problems and then try to change themselves. How about bringing back civility again.
BUSH BUSH BUSH BUSH BUSH BUSH BUSH BUSH BUSH