(Click on the chart for an expanded view.)
THE CHART DOES NOT LIE
The US Dollar trudges on its inevitable path of gaining value during are Democratic Administrations in office and losing value under Republican Administrations (see the chart above).
That swing in the dollar index is practically as sure as death and taxes because under Democrats the country always progresses while under the latter the country declines and the worldwide shift of money recognizes it every time even if the fools, pundits and reporters can’t see it.
A LITTLE DOLLAR HISTORY
When President George W. Bush in 2002 declared that Iran, Iraq and North Korea were the “axis of evil” in order to justify in “war on terror,” who knew that was the exact top of the US dollar?
No commentator, no TV network, no newspaper, remarked how disastrous that comment in his State of the Union address was but the chart knew (see the notations on the chart above).
Precisely to the day
Who would know the dollar always goes up when a Democrat is President and down when the President is a Republican?
Does the world think Republicans are reckless and irresponsible, incapable of adequately governing, as comedian Bill Maher once said “Republicans think government sucks so they get themselves elected to prove it” or is it because the Republican Party wants a cheaper dollar to help American multi-national corporations compete in the world?
One can argue all day why this is but it is undeniable because the chart does not lie.
The Bush years were a disaster for the dollar, with a thirty percent decline which is to say the USA was that much cheaper as a country. The Obama/Biden years, despite the constant obstruction by Republican Congress, battled through in the eyes of the world to restore much of the currency’s value.
There was a chance with another Democratic Term the dollar would have been fully restored in the eyes of the world.
But that was not to be.
