Reply #18: Most Of The Critics Are A Bunch Of Dumbasses [View All]

[DallasNE]

Nearly all of the weakness in the dollar happened while Bush was President. When Bush came into office it took 96 cents to buy an Euro. During Bush's term the dollar dropped to where it took $1.40 to buy an Euro. While the dollar did bounce back by a few cents the fact that it is now around $1.42 is not that big of a deal. Besides, it has been a prime reason our manufactering base has bounded back under increased exports. Frankly, Bernanke will need to eventually do something with interest rates and QE2 but that is probably another 6 months away. The commodity inflaction we are seeing is a direct result of QE2 so there are pluses and minuses to any policy change. A little inflation now to keep the economy moving seems like a fair trade off to me.