"This is flawed logic because while this does help our exporters but our export economy has diminished so much we have few companies to take advantage of this."
? The U.S. is one of the leading exporters in the world.... depreciating $ narrows the trade gap, increasing GDP. Not sure how this is flawed logic? If foreign goods (imports) are more expensive, people arn't going to buy them as much as domestic goods.... sounds like common sense to me.
"But the bigger elephant in the room is oil prices are sky high and easily eat up any potential economic gains. If the oil was at its pre-9/11 levels you might have a good point here. Oil costs 4x that much in 6 years (price-adjusted)."
... Oil prices are high regardless of what our dollar is worth. Every country feels the sting, including Euro area and China. The only ones benefiting are the exporters of oil and oil companies (or the alien comandeered republicans). mmmm not sure what this has to do with the value of the $? If oil prices rise it will cost more money.... it's the same with every inelastic (price insensitive) good we import (steel, mexicans, exc.)
