edthecynic
Censored for Cynicism
- Oct 20, 2008
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It has fallen at a lower rate then under Bush, and mostly to make American exports more attractive compared to Chinese exports. So yes the dollar is more stable under Obama than under Bush, and CON$ never complained about the falling dollar under Bush.Thank God he's not, the dollar could not take another 4 years of Bush devaluation. In 8 years under the Bush Regime the dollar declined $4 and in 2.6 years under Obama the dollar has declined less than ONE dollar.Congress and the president. Is Bush doing a 3rd term?
So Obama has stabilized the falling Bush dollar and the CON$ are livid. They were much happier with Bush destroying the dollar and the country.
Inflation Calculator | Find US Dollar's Value from 1913-2011
Year - Amount it took to equal $1 in 1913
2000 17.39
2001 $17.89
2002 18.17
2003 18.59
2004 19.08
2005 19.73
2006 20.18
2007 20.94
2008 21.75
2009 $21.67
2010 $22.03
2011 $22.57
You're clueless. The dollar is still being devaluedThank God he's not, the dollar could not take another 4 years of Bush devaluation.
The Financial Gleaner
Falling dollar pushes exports to record levels and helps lower trade deficit
The falling dollar led more foreigners to buy American in August, helping to push the trade deficit down to the lowest point in seven months.
That was welcome news for the administration of US President George W. Bush as it tries to deal with a Congress unhappy over huge trade imbalances and 3 million lost manufacturing jobs.