Bush: Would 'Absolutely' Like To See A Stronger Dollar
Wednesday March 12nd, 2008 / 22h49
By Henry J. Pulizzi Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- U.S. President George W. Bush said Wednesday that he would "absolutely" like to see a stronger U.S. dollar. Bush, in an interview with PBS's Nightly Business Report, repeated the administration's so-called strong dollar policy, and said the greenback is currently "adjusting." He said the dollar, which hit a new low versus the euro Wednesday, is hurting the U.S.'s ability to buy energy at current levels. Asked if he would like a stronger dollar, Bush said: "I would, absolutely." "And there are certain things that we can do," Bush said. "We can send signals to the world that their capital is welcomed into the United States, that we'll fight off protectionism, and that we'll deal with this - you know, the dollar was strengthened when people realized the relative strength of our economy. "And one of the things people are watching carefully is, will the United States government put policy in place to stimulate growth without affecting long-term growth?" Asked if the dollar is strong at the moment, the president said, "We have a dollar that's adjusting, and I am for a strong dollar." Bush said a strong currency "helps deal with inflation." "Our dollar doesn't buy as many barrels of oil as it used to, and so therefore it's more expensive for the American people," Bush said. "And that's why I'm for a strong dollar, one reason." He said the dollar's declines versus the euro in recent years "aren't good tidings, if you're for a strong dollar like I am." -By Henry J. Pulizzi, Dow Jones Newswires; 202-862-9256; henry.pulizzi@dowjones.com
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