Originally Posted by
Carolinian
As to the economy, we had a stronger US economy back in the Reagan / Clinton days of a strong dollar policy than in the Bush / Obama days of a weak dollar policy. The weak dollar policy is misguided.
That's debatable. The US economy was stronger at the beginning of the Reagan days... until the Reagonomics kicked in.
The weaker € favors European exports (because European products are now cheaper on the US market). Conversely, US products are now more expensive for Europeans. In this context, normally I'd say that EU wins (they get to sell more, therefore produce more, therefore have more people employed), but the fact is that the US economy being weaker, there is less demand for EU (or any) products.