Comments on: Yes, High Oil Prices Are Directly Related To Weak Dollar http://donklephant.com/2008/04/28/yes-high-oil-prices-are-directly-related-to-weak-dollar/ Big Teeth. Huge Ass. Surprisingly Reasonable. Mon, 23 Nov 2009 13:07:11 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: gerryf http://donklephant.com/2008/04/28/yes-high-oil-prices-are-directly-related-to-weak-dollar/comment-page-1/#comment-397371 gerryf Tue, 29 Apr 2008 03:20:12 +0000 http://donklephant.com/?p=5365#comment-397371 You're forgetting the trade deficits. Bush policies have very deliberately aimed to devalue the dollar, but why is a puzzle. Normally, the rationale for weakening the dollar would be to make US goods cheaper, which would increase US exports, increase jobs, and reduce the trade deficit. That is not necessarily a bad thing. However, Bush's other policies have led to exporting (outsourcing) jobs to foreign countries, killing the middle class, and increasing the trade deficit. My gosh, it is almost like he has no friggin' clue what he's doing. He cannot be this clueless, can he? You’re forgetting the trade deficits.

Bush policies have very deliberately aimed to devalue the dollar, but why is a puzzle. Normally, the rationale for weakening the dollar would be to make US goods cheaper, which would increase US exports, increase jobs, and reduce the trade deficit.

That is not necessarily a bad thing.

However, Bush’s other policies have led to exporting (outsourcing) jobs to foreign countries, killing the middle class, and increasing the trade deficit.

My gosh, it is almost like he has no friggin’ clue what he’s doing. He cannot be this clueless, can he?

]]> By: Grant Gould http://donklephant.com/2008/04/28/yes-high-oil-prices-are-directly-related-to-weak-dollar/comment-page-1/#comment-397327 Grant Gould Mon, 28 Apr 2008 20:45:16 +0000 http://donklephant.com/?p=5365#comment-397327 The US is emphatically not "doing nothing." With low interest rates and massive deficit spending, the government is working <i>very hard</i> to weaken the dollar. All that's really required to strengthen the dollar is to stop working so bloody hard to weaken it. The US is emphatically not “doing nothing.” With low interest rates and massive deficit spending, the government is working very hard to weaken the dollar.

All that’s really required to strengthen the dollar is to stop working so bloody hard to weaken it.

]]> By: gerryf http://donklephant.com/2008/04/28/yes-high-oil-prices-are-directly-related-to-weak-dollar/comment-page-1/#comment-397326 gerryf Mon, 28 Apr 2008 20:34:23 +0000 http://donklephant.com/?p=5365#comment-397326 No, no, this is all wrong--it's the darn lierals who won't let the big oil companies drill in Alaska and off-shore. Everyone knows that. I heard it 10 times last week on the right wing radio shows so it must be true. No, no, this is all wrong–it’s the darn lierals who won’t let the big oil companies drill in Alaska and off-shore. Everyone knows that. I heard it 10 times last week on the right wing radio shows so it must be true.

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