During the past several months, the dollar has experienced renewed decline against other major currencies and there’s plenty of talk about it.
Some economists, such as Nobel prize winner Paul Krugman, have argued that the weak dollar is a net benefit that is necessary to put the economy on track by making American exports cheaper abroad. Others have argued that a weak dollar leads to a loss of capital resulting in a net job loss. In addition, the falling dollar raised fears of inflation and the loss of the dollar’s world prominence.
Are you worried about inflation? Have you personally taken any steps protect yourself from it? Do you think that the American dollar will remain the world’s most important currency?
When Barack Obama took office in January, Zogby Interactive polling found evidence that voters were willing to give him time to have a positive impact on the economy. Even now, the number of voters who blame the Bush administration for ongoing job losses is greater than those who believe the losses since January are Obama’s responsibility.
However, white middle-class voters are more likely than others to hold Obama responsible, and that spells potential trouble for Democrats in the 2010 Congressional election. Democrats and Republicans will strategize over the next 12 months about how to convince these voters that they will do a better job of providing job security.
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Notes
"Unless otherwise noted, all data used on this blog comes from various surveys conducted by Zogby International. Please contact us with any additional questions relating to survey data and methodology."