Do we credit Biden for the strong dollar?

[torbee]

I think it's dumb to blame a president for gas prices (and frankly the vast majority of macroeconomic measures), but apparently we have to.

So is the corollary true? Do we have to credit/thank the president for this positive economic trend?

Undergirding the dollar’s strength is a Federal Reserve that is seen by markets as more determined than other central banks to raise interest rates to snuff out inflation. Economists also point to the U.S. economy, which has better long-term growth prospects than most other nations and has more cushion in the form of strong employment and high savings to withstand a global downturn.

Strong Dollar Sends Euro to Lowest in More Than Decade

Soaring energy prices are dimming the economic prospects in Europe and elsewhere, prompting a flight to the U.S. currency.

www.wsj.com

 

[rwphawk]

By all means. This was the plan all along. Sheesh...

 

[torbee]

By all means. This was the plan all along. Sheesh...

I think you missed my point.

Neither gas prices nor currency strength are part of anyone's "plan." And their strength or lack thereof is not dictated by the President of the United States, but rather by myriad global factors that cannot be controlled by POTUS.

 

[rwphawk]

I don't miss much. Actually.

 

[Bank of Hawk]

Well a strong dollar has pros and cons of course. It shows me that the world still runs to the dollar as a reserve currency.

While nothing is perfect, America still has the strongest economy, partly due to smart government policies and regulations.

 

[torbee]

Well a strong dollar has pros and cons of course. It shows me that the world still runs to the dollar as a reserve currency.

While nothing is perfect, America still has the strongest economy, partly due to smart government policies and regulations.

B I N G O

 

[torbee]

And another THANKS JOE!



Oh wait, you say, it's not because of the POTUS that gas prices are going down --- it's due to diminishing demand!?

NO SHIT.

Which is also why the POTUS was not responsible when prices went up. Duh.

 

[Hoosierhawkeye]

Doesn't this also indicate that we are doing better on inflation than other nations since the value of the dollar is increasing relative to theirs?

 

[hawkland14]

Why do people like torbee believe that Biden is the first president to be blamed for high gas prices? His team has been pretty good at blaming in the past. This is party politics at its best.

It is fun watching Team Blue protect Biden like he is an 80 year old dementia patient. Wait...

Schumer blames Trump for soaring gas prices

Sen. Chuck Schumer slammed President Trump on Wednesday for soaring gas prices — blaming his decision to reimpose sanctions on Iran for higher costs that he said will burn away the GOP tax cut. “Ga…

nypost.com

 

[rwphawk]

And another THANKS JOE!

View embedded media

Oh wait, you say, it's not because of the POTUS that gas prices are going down --- it's due to diminishing demand!?

NO SHIT.

Which is also why the POTUS was not responsible when prices went up. Duh.

oh boy.

 

[NoleATL]

I think it's dumb to blame a president for gas prices (and frankly the vast majority of macroeconomic measures), but apparently we have to.

So is the corollary true? Do we have to credit/thank the president for this positive economic trend?

Undergirding the dollar’s strength is a Federal Reserve that is seen by markets as more determined than other central banks to raise interest rates to snuff out inflation. Economists also point to the U.S. economy, which has better long-term growth prospects than most other nations and has more cushion in the form of strong employment and high savings to withstand a global downturn.

Strong Dollar Sends Euro to Lowest in More Than Decade

Soaring energy prices are dimming the economic prospects in Europe and elsewhere, prompting a flight to the U.S. currency.

www.wsj.com

Just in time for our trip to Spain in less than 3 weeks!

 

[Jan Itor]

I think it's dumb to blame a president for gas prices (and frankly the vast majority of macroeconomic measures), but apparently we have to.

So is the corollary true? Do we have to credit/thank the president for this positive economic trend?

Undergirding the dollar’s strength is a Federal Reserve that is seen by markets as more determined than other central banks to raise interest rates to snuff out inflation. Economists also point to the U.S. economy, which has better long-term growth prospects than most other nations and has more cushion in the form of strong employment and high savings to withstand a global downturn.

Strong Dollar Sends Euro to Lowest in More Than Decade

Soaring energy prices are dimming the economic prospects in Europe and elsewhere, prompting a flight to the U.S. currency.

www.wsj.com

Sure, as long as you blame him for inflation and everything else gone wrong.

Personally, I don't think POTUS should get the blame for inflation, gas prices, recessions, etc.... And they don't get the credit for the strong dollar and jobs numbers.

 

[binsfeldcyhawk2]

Loving the strong dollar. Thanks Joe!