• Most Popular
  • Most Shared

Obama: Stronger dollar would ease energy costs

PARMA, Ohio
Tue Aug 5, 2008 3:46pm EDT
U.S. Democratic presidential candidate Senator Barack Obama addresses the audience during a campaign stop at the Lansing Center in Lansing, Michigan August 4, 2008. REUTERS/Rebecca Cook

PARMA, Ohio (Reuters) - U.S. presidential candidate Barack Obama said on Tuesday that the softness in the dollar was contributing to higher costs for gasoline and if it were to rise that would ease some of the problem with costly fuel.

Barack Obama

"If we had a strengthening dollar, that would help," Obama, a Democratic senator from Illinois, told a town hall forum in Parma, Ohio.

He spoke in response to a question about whether he thought the United States should go back on the gold standard. Obama said he did not favor that but said the best way to help the dollar would be to improve the U.S. economy.

"The way to strengthen the dollar is for us to get our economy back in shape," he said.

(Reporting by Caren Bohan)



More from Reuters

Regulator approves millions for Fannie, Freddie execs

WASHINGTON (Reuters) - The top U.S. housing regulator said on Thursday it approved multimillion dollar pay packages for the chief executives of mortgage giants Fannie Mae and Freddie Mac.

Senate Majority Leader Harry Reid (D-NV) (C) walks with Senator Christopher Dodd (D-CT) (R) and Senator Max Baucus (D-MT) after the U.S. Senate approved President Barack Obama's healthcare overhaul on Capitol Hill in Washington, December 24, 2009.  REUTERS/Jim Young

Reid delivers on healthcare

Party-line Senate vote passes bill that would extend health coverage to tens of millions of uninsured Americans, but it's not law yet.  Full Article 

Visitors stand in front of a giant lantern in the shape of an ox to celebrate the upcoming Lantern Festival at a park in Hangzhou, Zhejiang province February 7, 2009. REUTERS/Steven Shi
OUTLOOK 2010:

An ox in the Year of the Tiger

China's role on the world stage is about to get bigger. Will it step up ... or step back?  Full Article