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Politics : John Kerry for President? -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (1594)9/29/2004 3:24:44 PM
From: American Spirit  Read Replies (1) | Respond to of 3515
 
The Euro was worth about 90 cents before Bush took office.
I was in Europe a lot then, I know. The dollar is down 35% since Bush took power. Check again.



To: Oeconomicus who wrote (1594)9/29/2004 4:13:24 PM
From: Oeconomicus  Respond to of 3515
 
Hmm, it has been brought to my attention that I read the wrong line of the Fed's table. Oops. The correct numbers for the decline of the dollar vs. the Euro are from about $0.94/€ in Jan 2001 to about $1.22/€ now, for a 30% decline.

Still not 35% and, in any case, my point about a comparison to only one currency being invalid holds. The dollar has not fallen nearly as much against our trading partners' currencies in general.


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