Republicans, lead by Sarah Palin, strongly criticized the economic strategy implemented by Barack Obama to weaken the U.S. dollar. We mentioned three days ago that the G7 finance ministers plan to gradually wane the U.S. dollar in the future in order to maintain the exchange rate stable over time.

Sarah Palin, ex-governor of Alaska and the last Republican vice presidential candidate, began her dollar criticism on her Facebook profile. She linked dollar weakness to U.S. dependence on foreign oil, large U.S. deficits and questions about whether the dollar deserves to retain its vaunted status of world reserve currency; these are really strong economic arguments.

Some analysts suggest that the economic policy applied to the exchange rate should not be used as a way to feed political battles; traditionally, the U.S. currency had been a neutral and fundamental aspect of US economic policy, independent of political interests.