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Bush's Weak Dollar

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Publication Date: May 2008

Publisher(s): Center for American Progress

Author(s): Scott Lilly

Funder(s): Center for American Progress

Funder(s): Center for American Progress

Topic: Economics (Economic conditions)

Type: Report

Abstract:

America’s working families have been squeezed for most of this decade by stagnant wages and diminishing health and retirement benefits. Now they face new economic pressures from rising gasoline, food, heating, and electricity prices. A portion of those higher costs are directly attributable to the weakening of the dollar and the economic policies that have produced a weak dollar.