Bush Supports "Strong Dollar" Policy

[Troy Spiral (13)]

WASHINGTON - President Bush (news - web sites) pledged Wednesday to work with Congress to reduce the United States' huge deficits to assure markets that his administration supports a strong dollar.

"The policy of my government is a strong-dollar policy," Bush said during an Oval Office meeting with Italian Prime Minister Silvio Berlusconi.

"We're going to take this issue on seriously with the Congress," the president said.

....

"The best thing we can do from the executive branch of government in America," Bush said, "is work with Congress to deal with our deficits. One deficit is a short-term budget deficit. Another deficit is the unfunded liabilities that come with Social Security (news - web sites) and some of the health programs for the elderly."

Full Article:

http://story.news.yahoo.com/news?tmpl=stor...n_go_pr_wh/bush

[Troy Spiral (13)]

Since the early days of the bush deficit spending this was a oft-warned outcome of such spending, and oft argued by the bush camp that such spending could be offset by the same things that they are suggesting now.

Another time-will (hopefully) tell issue.

[Jarodaka]

The Bush Admin supports a 'strong dollar?' Wow, that's really great of them! I'm sure they also support 'strong families' and 'not killing babies.'

[Head Wreck]

perhaps if bush hadnt spent so much on war there wouldnt be as big a defosit.

europe is suffering from a weak dollar at the mo, exports to america are down and i know germany and a few other european nations has had very little economoic growth before this, partly due to a standerdised currency still in flegling condition

its nearly 2 dollars to every british pound stirling at the mo.

it makes selling our stuff out there expensive to buy.

anyhow, just end of random rant

and in all fairness the dollar has allways been lower than the pound. but not this low as far as i can remember

[Jarodaka]

Weak dollar is bad for Europe, but, hey, travelling to American and buying our exports (imports to you, HW) hasn't been this cheap in awhile!

[Head Wreck]

true. if only there wasnt an export ban on the stuff i want. lol

hope this l;asts untill just after june

by then i'd have bought all the bits and bobs i need for my team and myself.

[Head Wreck]

its a shame my car is french not american....

[Black Sunday]

1.00

Edited April 2, 2005 by Black Sunday

[Scary Guy]

The dollar would be really strong if we had something baccking it again.

Right now it's value just keeps going down.

[phee]

Must agree with scary guy... sad and simple.