Bernanke Is Right - Weak United States Dollar Not Going Anywhere

In a recent PBS interview, Bernanke stated that "a strong dollar will come when we have a strong economy". How do I understand this statement? A weak dollar is here, and it is going to be here for awhile until we can turn this economy around. A strong economy will attract foreign investors, and this is what we need in the United States for a strong dollar.

How has our economy been doing lately? According to the Bureau of Economic Analysis, "our Gross Domestic Product (GDP) has decreased by over five (5) percent in the first quarter of 2009". The United States unemployment rate per the Bureau of Labor Statistics is at about 10%, which is probably lower than it really is. What is made in this country anymore? Take a look at the product(s) you buy and find out where it is made. You might have a difficult time finding a product made in the good ole' US of A. According to BBC news, "nearly two million manufacturing jobs have been lost in the US in eighteen months".

There is hope though! If the US can lead the world in "green" innovations, maybe we can start producing our "green" goods and revitalize our manufacturing sector.