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Old 2006-07-08, 10:01 AM   #58
ecchi
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Join Date: Oct 2003
Location: About to be evicted!!!!
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Quote:
Originally Posted by juggernaut
Bush did not kill the US $$. The EU is killing the US $$. That's the fact.
Oh I so wish the EEC had that much power. But you are wrong. And it would be a stupid thing for the EU to do. The EU (and the Euro) was originally founded to help combat America's Economic dominance. The idea was for member countries to be able to sell more to America and other non-European countries. The weak has the OPPOSITE effect. It makes it hard to sell to the US because it means European goods are more expensive in the US (would you pay $10 for something made in Europe when you can buy an American version for $6?). It also makes it somewhat harder to sell to other countries, because they can buy the same thing from the US cheaper.

So no, I am afraid the EU is not responsible for the wear dollar, if they could change anything they would make it stronger.
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