- #1
member 5645
Anyone? And spare the rhetoric of "Just elect Bush out of office"
What needs to be done?
What needs to be done?
Originally posted by selfAdjoint
1)Reverse all the tax cuts (won't be popular because the middle class did get some benefit).
2) Get us out of Iraq and Afghanistan and slash the military budget.
3) Try to get the deficit down (Bush's advisors know this is important, so he talked about it in the SOTU speech, but they don't have any fix for it within their thinking).
4) Raise the cap on FICA deductions (social security contributions).
Originally posted by Njorl
Obviously, this thread was enough to do it. The dollar jumped significantly this morning.
Njorl
Why? (the dollar-worker relationship; we can discuss the other bit somewhere else )GENIERE wrote: *SNIP The dollar’s value is ultimately backed by the American worker, second to none.
The strength of the dollar is influenced by a variety of economic, political, and social factors. Some of the main factors include interest rates, inflation, trade balances, and overall economic stability. The actions of the Federal Reserve, as well as global events and the perceptions of investors, can also impact the strength of the dollar.
A weaker dollar can have both positive and negative effects on the economy. On the positive side, it can make exports more competitive and attract foreign investment. However, it can also lead to inflation and make imports more expensive, which can harm consumers and businesses. A weaker dollar can also decrease the purchasing power of individuals and decrease the value of investments.
There is no one-size-fits-all solution for strengthening the dollar, as it is influenced by a complex web of factors. However, some possible steps that could be taken include raising interest rates, reducing government spending, and implementing policies to decrease inflation. Additionally, improving economic stability and addressing trade imbalances can also contribute to a stronger dollar.
The strength of the dollar can have a significant impact on international trade. A stronger dollar can make imports cheaper and exports more expensive, which can lead to a trade deficit. On the other hand, a weaker dollar can make exports more competitive and attract foreign investment, which can help reduce a trade deficit. However, a consistently weak dollar may also cause other countries to lose confidence in the currency, making it less desirable for trade.
The strength of the dollar can have a direct impact on the cost of goods and services for the average consumer. A weaker dollar can lead to higher prices for imported goods, such as electronics and oil, while a stronger dollar can make these goods more affordable. This can also affect the cost of travel and can impact the purchasing power of individuals. Additionally, fluctuations in the value of the dollar can also affect the interest rates on loans and savings accounts, which can impact the financial well-being of consumers.