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What does relative imports and exports have to with our goods being cheaper overseas? Above I have shown where our falling currency is as much, if not more of a problem for the EU.
And nobody said anything about supporting Bush. I find his economic policy fairly appaling. He might be the first president who has tried to make less (by lowering taxes) and spend more. What I don't agree with is the "sky is falling" mentality of many who do oppose Bush. I think the economy is strong in spite of Bush, not because of him.
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I was responding to your assertion that a weak dollar was a good thing because it would stimulate US exports due to increased purchase power for the EU and Asia. My point was that the rise in our import costs would wipe out any benefit realized on exports seeing how we import at about a 2:1 ratio.
Fair enough about assuming your support for Bush carte blanche. Sorry.