Trump says strong U.S. dollar is 'great'
Oh whoops, you know what I did? I accidentally quoted an article from May 2020, and accidentally snipped all the parts where Trump says he did it on purpose. Oh, dear.Trump said he supported a strong dollar, as the U.S. dollar index extended its gains one day after Federal Reserve Chair Jerome Powell rejected the idea of using negative interest rates despite Trump's vocal support.
"It's a great time to have a strong dollar. Everybody wants to be in the dollar because we kept it strong." he said in an interview on Fox Business Network. *ding*
Trump told the television network that he "could live both ways" regarding the dollar's strength, but said he supported it for now.
Trump and the idea of a strong dollar have come at odds before. In 2019 he was against it.
And he was wrong in his attack, making objective falsehoods when describing the downsides of a weak dollar.
In 2018, Trump said the dollar would get stronger and stronger, and this was a good thing.
“The dollar is going to get stronger and stronger, and ultimately I want to see a strong dollar,” Trump said in an exclusive interview from the World Economic Forum in Davos, Switzerland. “Our country is becoming so economically strong again and strong in other ways, too.”[/quote]
Yep this was back in 2018 where Trump hadn't really done anything yet. He was just taking credit for anything with the word "strong" in it.
"Wait, that's unfair. You can't prove he did that."
Yes I can. In 2017 he said
April, 2017. He'd been in office three months and was taking credit for the strong dollar.“I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me," he told the Wall Street Journal. "But that’s hurting — that will hurt ultimately.”
“Look, there’s some very good things about a strong dollar, but usually speaking the best thing about it is that it sounds good.”
Following Trump's remarks, the dollar index hit its lowest level of the month
So, yes, Trump has been back and forth on the issue so many times, the issue found out about it and divorced him. It's good when he wants it to be, it's bad when he wants it to be. He's not in office, the dollar is strong, therefore, it's bad.
"Well is he right or not?"
Irrelevant. As you can see, he swapped opinion on the subject routinely -- at least once per year. He would have been just as right/wrong if he'd flipped a coin. I am not interested in a leader, especially one whose sole qualification is claiming to be a good businessman, guessing True/False questions on the world's most expensive quiz.

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