Bush says "We're strong dollar people"
"WASHINGTON (Reuters) - U.S. President George W. Bush reiterated on Wednesday that his administration believed in a strong dollar, and said the currency would reflect the relative strength of the economy.
"We're strong dollar people in this administration, and have always been for a strong dollar, and believe that the relative strengths of our economy will reflect that," Bush told reporters at a news conference ahead of his trip to Japan for a meeting of the Group of Eight rich nations.
Inflation is expected to be high on the G8 agenda next week. Some countries have blamed the weak dollar in part for pushing up prices of oil and other commodities.
In an interview with Japanese reporters that Reuters attended, Bush said he had heard concerns in Europe about the dollar during a trip last month. "I heard concern about our dollar and I believe they support the U.S. strong dollar policy," Bush said.
Bush and Treasury Secretary Henry Paulson have repeatedly expressed their belief in a strong dollar, only to see the currency fade. The euro hit a two-month high against the dollar on Wednesday.
"The best way to reinforce our strong dollar policy is to keep taxes low in the United States, ease regulatory burdens, become less dependent on foreign sources of oil and make it clear that we're for free and fair trade," Bush told the Japanese journalists.
"To me those are the best ways to deal with the fundamental aspects of an economy that assures the world that the United States will be a vibrant, strong economy, and that eventually will be reflected in our currency," he added.
At his news conference, Bush said he would also assure leaders of other nations that the United States believed in free trade, and said he was committed to reaching a deal on the Doha Round of trade talks by the end of the year.
"We're not going to become protectionist," he said. "We believe in free trade and open markets."
SOURCE
Yes, George, the strength of the dollar goes hand-in-hand with the strength of the economy. For once in your life you actually got one right. Unfortunately, at the current time, the status of both is at the lowest it's been in my lifetime...and I have you to thank for that. Congratulations, moron.
"We're strong dollar people in this administration, and have always been for a strong dollar, and believe that the relative strengths of our economy will reflect that," Bush told reporters at a news conference ahead of his trip to Japan for a meeting of the Group of Eight rich nations.
Inflation is expected to be high on the G8 agenda next week. Some countries have blamed the weak dollar in part for pushing up prices of oil and other commodities.
In an interview with Japanese reporters that Reuters attended, Bush said he had heard concerns in Europe about the dollar during a trip last month. "I heard concern about our dollar and I believe they support the U.S. strong dollar policy," Bush said.
Bush and Treasury Secretary Henry Paulson have repeatedly expressed their belief in a strong dollar, only to see the currency fade. The euro hit a two-month high against the dollar on Wednesday.
"The best way to reinforce our strong dollar policy is to keep taxes low in the United States, ease regulatory burdens, become less dependent on foreign sources of oil and make it clear that we're for free and fair trade," Bush told the Japanese journalists.
"To me those are the best ways to deal with the fundamental aspects of an economy that assures the world that the United States will be a vibrant, strong economy, and that eventually will be reflected in our currency," he added.
At his news conference, Bush said he would also assure leaders of other nations that the United States believed in free trade, and said he was committed to reaching a deal on the Doha Round of trade talks by the end of the year.
"We're not going to become protectionist," he said. "We believe in free trade and open markets."
SOURCE
Yes, George, the strength of the dollar goes hand-in-hand with the strength of the economy. For once in your life you actually got one right. Unfortunately, at the current time, the status of both is at the lowest it's been in my lifetime...and I have you to thank for that. Congratulations, moron.