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Originally Posted by chickentribs
This now means my company has to sell 25% more product internationally just to cover budget - and most companies couldn't squeak out an extra 2-3%. We all lose money which means now the gov't not only has to raise taxes enough to make up for it's shortage, but needs to raise them further because income taxes are dropping as well.
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But doesn't a low dollar help make our exports less expensive and imports more expensive thereby helping to lower the trade imbalance and creating more jobs here? Aren't the Europeans complaining because their unemployment is so much higher than here caused in part because they can't compete as well with the low dollar?