McCain Flub Political action e-mail
In today's speech (9/19/2008) McCain said the fed should return to managing the purchasing power of the dollar.
What that means is he wants to strengthen the value of the dollar.
However, the one factor that is keeping our growth numbers from clearly showing recession - the one bright spot in our economy - is that exports are up.
When our dollar is weak, our products are cheaper to people around the world, and we export more.
So, if we had a strong dollar right now, as McCain proposes, we would extinguish the one strong area in our economy.
ps. I am independent, have voted both Republican and Democrat and am very specific on who I support. I have also met and spoken at length with John McCain in the past. I like the man, this is a disagreement of approach.