Will the drop in oil prices positively affect the U.S. economy? Why or why Not ?

Question

Will the stronger U.S. dollar positively affect the U.S. economy? Why or why not? What might be some downsides to these trends?

Answer 1

Nevermind the economy; think about the election.  The temporary blip in oil prices is a political stunt.  It will go back up after the election.

Answer 2

not much because every one is broke

Answer 3

It will effect it positively, when oil prices flew, people started looking for economic cars (4 cylinders), the majority of people don't want a 5.7 liter engine or 6.0 (which is very common in American cars), so when oil prices drop, that means cheaper fuel that means GM factories will resume, that means better economy. Got it?

:)

Answer 4

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Answer 5

The only thing that can pull us out of recession is war. War creates a lot of jobs and causes GDP trade to pick up.

I'm not a war monger, but it's fact!

Answer 6

The thing about the oil prices is still a sore spot for most people in that the prices need to come back down to below 2 dollars a gallon. The investors are still gouging.

Answer 7

NO!  the ____ is just worked up!

       Water, fat, grass, solar power, good old horse power(nay!),

        haneglide, use the subway, walk(in groups), ride the monarail,  

        carpool, parashute, roler skate, web sling,:

             chose your source

                  of energy!    

Answer 8

No.  It seems that when oil prices go up, the market tumbles because of the negative impact to the economy, and our ability to spend money.  When oil prices fall, the market tumbles, because the profits (HUGE PROFITS) of the oil companies will be affected, and that hurts their bottom line, which - in turn - hurts the market.

It is a no-win situation for us consumers!

Answer 9

Yes. We import 70% of our oil  so much of the price increase is not being fed back into the US economy but going to other countries, which means on average we have a real loss in out standard of living. A stronger dollar  would be more of a symptom than a cause of an improvement . A weak dollar means we can sell more  of our      stuff to other countries which results in better higher paying jobs,  but it also means that we must pay more  for imports, including oil,