Re: US' Economy is 70% consumer, 12% export, and...?

Also, with the weakening dollar, won't exports increase substantially
(since Americans will now be more likely to buy GMC/Ford than Honda,
*AND* foreigners will more likely buy our products), thus aiding our
economy?

Yes and no. What you described is the simplest reason for 'yes'. As to
why 'no' - consider oil. Even if the price of oil remains constant in
pure terms, a weakening dollar means it becomes more expensive for us.
Thus, assuming our need for oil remains constant, we will be shipping
more dollars out overseas in exchange for it. The same applies to any
other product or resource the US buys from abroad. As more dollars are
sent out that way, fewer remain here for buying and investment.
.

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