Paulson says strong dollar in US interest

T

turkeyneck

Does he have a clue? He's been using this line over and over again...


WASHINGTON (Reuters) - Treasury Secretary Henry Paulson repeated long-standing dollar language on Thursday, saying a strong dollar is in the U.S. interest and expressing confidence that strong long-term U.S. economic fundamentals will be reflected in the value of the currency.

"I've been as consistent as anyone that you've ever heard in saying that the (strong) dollar in our nation's interest," he said in an interview with Reuters.

http://www.reuters.com/article/ousiv/idUSWBT00885920080424
 
As the saying goes judge ppl by their actions not what they say. Would you expect anything less from the Bush admin.?
 
Quote from turkeyneck:

Does he have a clue? He's been using this line over and over again...


WASHINGTON (Reuters) - Treasury Secretary Henry Paulson repeated long-standing dollar language on Thursday, saying a strong dollar is in the U.S. interest and expressing confidence that strong long-term U.S. economic fundamentals will be reflected in the value of the currency.

"I've been as consistent as anyone that you've ever heard in saying that the (strong) dollar in our nation's interest," he said in an interview with Reuters.

http://www.reuters.com/article/ousiv/idUSWBT00885920080424
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A weak dollar is not the goal when monetizing debt, but is part and parcel of that policy. But you will never hear the Treasury secretary say that, because it would be tantamount to admitting, "We have decided to screw our creditors by printing more dollars."
 
Bush say he has a strong dollar policy since he is in office in 2000. Since he is in office, the dollar appreciated from 120 to 72. A great -40% appreciation.
 
Quote from stock_trad3r:

He is trying to apease the public with 'strong dollar' talk.
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It's called lying...
he's abusing his authority and continuing to lie..
and you call this guy a leader?
 
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