Thread: The Fed
View Single Post
Porsche-O-Phile Porsche-O-Phile is offline
Dog-faced pony soldier
 
Porsche-O-Phile's Avatar
 
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
Garage
The dollar will have to fall a LOT further in order to (1) stem the tide of imported Chinese crap and (2) stem the tide of illegal migrants coming here to steal American jobs. Those are about the only two real reasons I could see for wanting a weak dollar, especially with oil climbing over $100 a barrel probably by the end of the year. The more the dollar weakens, the more energy costs (since we import virtually all of it), and the more it stifles the economy.

Weakening the dollar to spark domestic manufacturing won't work - unless you weaken it to the point where factory workers are getting $20 a week like in China.
__________________
A car, a 911, a motorbike and a few surfboards

Black Cars Matter
Old 10-17-2007, 06:45 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #7 (permalink)