In the past when currencies weaken it often correlates with an increase in exports and indirectly creates jobs. The economic policy the federal government has implemented is artificially doing this in hopes to create more jobs. According a post in the NY Times it's not looking so well. Unemployment is at 9.6% and with Obama going to other countries explaining how are goal right now is to fix it, he better figure out if this policy is going to backfire and soon. Countries are becoming uneasy with the United States and with the large amount of debt we already owe, it would be a good decision to avoid conflict.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment