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Reply #8: My observation is that America benefited from a strong dollar in the 1990s [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

wuushew

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Sun Sep-09-07 04:06 PM
Response to Original message

8. My observation is that America benefited from a strong dollar in the 1990s

Edited on Sun Sep-09-07 04:13 PM by wuushew

That and the already low price of oil had the effect of transferring additional discretionary income into the domestic economy. Clinton can take credit for a much saner foreign policy and needed tax hikes, but the obstructionist Republican Congress gets some credit for the lack of new federal spending.

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