If Obama becomes president what will happen to US dollar?

Question

What will happen to the dollar in value like will it go down or up against the euro or yen

Answer 1

The dollar and this country will follow in the footsteps of the dinosaurs.

Answer 2

When Clinton was first running for President in 1992, he promised tax cuts for the middle class. He promised free health care. He promised a LOT of things but we got NO health care, tax INCREASES, a balanced budget, a phony economic boom based on dot-coms that went bust, less security, blocked the CIA's intelligence gathering capability, set up for nine-eleven, AND he even charged the middle and upper class citizens taxes on their earnings for the year PRIOR to his being elected as a punishment for the lower taxes established by the  prior Republican administrations.

He then went on TV and "apologized for the fact that he couldn't keep his campaign promises.

Think Obama will do a well as Clinton? He has promised MORE and is a better liar.

Answer 3

It will bet stronger as we start to decrease the deficit.  Ending the Iraq Occupation will stop $5-$7 billion a week in spending. And Obama's tax cuts for the midlle class and repeal of Bush's tax cuts for the rich will stimulate the economy and vastly increase revenue.

The Dems in Congress have already cut spending from the record spending of Bush and the Republican Congress.

Deficit was $413B in 2004, Now it's $244B

http://www.whitehouse.gov/omb/budget/fy2...

Answer 4

You will have less of them for one thing. He will tax the c**p out of corporations, who will then pass their tax bill onto you in the form of higher priced goods and services. Corporations don't pay taxes,we the people do.

Answer 5

Under the Bush administration its been sinking like a stone for 6 years.  Lets hope is will rebound.

Answer 6

Nothing, I don't think.

Answer 7

it will go up.

Answer 8

The above responder has no idea what he is talking about.  Historically, tax cuts for the "rich" lead to increased tax revenue, as those "evil rich" people spend more.  The U.S. dollar will likely go down if Obama is elected, as businesses will be driven overseas by higher taxes and stricter regulations, and the Fed will be forced to print more money to make up for lost revenue.

Answer 9

I am still trying to figure out how it got as low as it is.  Has Bush explained this yet?  Lets find out how bush did what he did before we started wondering what  the next guy will do.

Answer 10

If obama is president, the dollar will become a thing of the past, so will this country.