TV, Radio, the newspapers and yes, even here people are thinking our woes are about the WEAK dollar. In my opinion, people are being FOOLED.
Take the time to go to this site. It will show you historical data for up to five years.
Do your comparisons against the US dollar and ANY other currency. They have drop down boxes with the Biggest currencies at the top of the list.
You can choose whatever time intervals you like but I think a long range 5 years look is the best overall test of our "condition".
Historical Exchange Rates | OANDA
If you don't see a graph, click the check boxes for the currency.
See any gigantic
plunges in the dollar's value equal to the percentage increase in gas prices?
I have a similar idea about this Debt "CRISIS". Hint: don't worry about CHINA not buying our treasury items. We're being Played.