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Originally Posted by jbw97361
I really wonder why the hell the dollar has to be worth more than any other currency in the world. A weak dollar means we will be importing less (foreign goods cost more) and exporting more (our stuff if cheaper).
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That would be a great point if this were 1965 and the US was still in the export business. It isn't and we're not.
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Originally Posted by jbw97361
Haven't the people in charge been screaming about the loss of manufacturing (or any) jobs to overseas competitors? I say let the dollar continue its slide and maybe our goods will be competitive with the Chinese crap soon enough.
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Who are these people in charge and what are they in charge of?
You seriously think the US can compete with China in the labor market? Exactly how many hours a week are you willing to work? And how cheaply are you willing to do that?
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Originally Posted by jbw97361
The only person I can see being hurt by a weak dollar are people mailing money overseas to support relatives and currency traders.
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So if we are in trouble it's the fault of immigrants?