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Strong Dollar!

I’ve drawn a lot of dollars over the years – usually when the dollar goes down. Now the dollar is on a tear, close to the value of the Euro, and leaving other currencies in the dust. For us, that means our foreign Cagle Cartoonists get a raise (from their perspective) – but American businesses are suffering from seeing cost of their products and services rise around the world. It looks like this is all happening because the economies in the rest of the world are pretty lousy, compared to ours.

I wanted to make George Washington look like a wrestler, and I made is head a little small – it is about brawn, not brains.

Here’s a recent one, when it was announced that Harriet Tubman would be kicking Andrew Jackson off of the twenty dollar bill …

Here’s another recent one, imagining Lincoln’s reaction as Donald Trump won over the “Party of Lincoln.”

This one is from back in 2011, when it looked like the value of the dollar was being chipped away.

This one is from 2010, when the news was about the Chinese keeping their currency artificially low to steal business away from America.

This one is from 2009 – for some reason those dollars China was eating up weren’t tasting so good. Now I forget why I drew this one; dollars are always yummy to pandas.

When I drew this one back in 2007, we were on the eve of the great recession and the dollar was sinking.

Here’s another one from 2007 when the fall of the dollar was a big story.

This one from back in 2004 was more of a reflection of George W. Bush’s War on Terror.

I actually have more – but this is plenty!

 

By Daryl Cagle

Daryl Cagle is the founder and owner of Cagle Cartoons, Inc. He is one of the most widely published editorial cartoonists and is also the editor of The Cagle Post.

4 replies on “Strong Dollar!”

Regarding the strong dollar, cartoonists should be required to take a class in economics:
" American businesses are suffering from seeing cost of their products and services rise around the world. It looks like this is all happening because the economies in the rest of the world are pretty lousy, compared to ours.'

I it is not, as stated, because other nations have week economies: US economy is a Ponzi scheme with stock market highs based on free money to buy back stock (ie using debt instead of real growth to boost prices), and the new BLS jobs reports showed 162,000 temporary (xmas) and part time jobs and 16,000 new jobs, none in the manufacturing/export sectors. November produced only 9,000 full time jobs, an improvement over the previous month when full time employment declined by 103,000 jobs (BLS)

Growth in US in 2016 is about 2%; India had 7.6%, China 6.9, Sweden 4.1%, Spain 3.2, Phillipines 5.8, etc.
The global growth rate is about equal with the US, but note that half the world's population has higher growth rates than the US.

The reason is not weak economies abroad but a two-tiered Wall St./Main St. economy based on a Ponzi scheme involving using slave labor abroad and supressing wage growth at home at the stock market, due to nearly free money creating asset bubbles, rises to its all time high. At the same time, household income is down from 10 years ago, and the US still leads the advanced world in poverty, with over 51% making $30K or less, 38% making 20K or less, in the "richest nation on earth."

Since 1989, after Reagan tripled the debt, lowered taxes on the rich by 70% and raised middle-class taxes 11 times and crushed the labor movement, median wage has fallen 40%.

This is not a strong economy but a strong coverup of the underlying realities of mass poverty, loss of jobs, and huge debt to keep the whole balloon aloft. Cartoonists as satirists should be exposing these lies, not promoting them.

A stronger currency hurts company earnings because U.S. exports become less competitive with goods produced abroad,

The world's richest nation with the highest percentage of poor in the high income world is muscle bound and suffering from a strong dollar. I suggest we get rid of the misleading terminology. A strong dollar hurts export business. How strong is that? I suggest we say an inflated dollar and a deflated dollar. Just as inflated money hurts buying ower, inflated currency hurts business.

The good news is you can buy a cheap toaster which will burn out in 6 months for only $12 at Walmart.

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