More fuel to the fire

Europe needs the American muscle it needed during WWI and WWII

It seems like the Europeans agree with me that we need a strong dollar. While they say that a strong dollar will help the Americans, it is more than likely a ploy to help them. While we disagree on why we need a strong dollar (I am looking out for American interests while they look out for their own) the fact that we need a strong dollar is a sentiment we both agree on. While Brazil has raised taxes on foreign capital, and the Canadians have talked down their dollar, both have seen the strength of their currencies decline. This is good for them as both are reliant on exports for survival. As stated in class by I can't remember who, the United States as the most advanced nation in the world no longer is an export machine. We cannot assume that a devalued dollar will help us in the way that devalued foreign currencies help their respective nations.

Europe appears to be dreading and suffering from a weak US dollar. They fear a snowball effect of a declining dollar as much as I do. Sarkozy is bitching about falling French exports, but in terms of American economics, who cares?

Bush Third Term