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AMZN 233.22+1.8%Nov 28 9:30 AM EST

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To: craig crawford who wrote (132374)10/3/2001 11:09:00 AM
From: Kevin Podsiadlik  Read Replies (1) of 164684
 
<< you act as if countries like saudi arabia don't need us as customers and would stop selling us oil. >>

Give me a break. OPEC hardly has to go to that kind of extreme to do us some serious economic damage. What they can do, and have in the past done frequently, is cut back production and drive prices up on us. The reason those increases don't hold is because there is no one with sufficient power in OPEC to dictate to the others and prevent price competition. That "sufficient power" is precisely what Saddam was after in 1990. Or did you think Kuwait would have been the end of it if we had just stayed home?

<< obviously you have a problem distinguishing the different effects on an economy from an income tax and a import tax >>

An import tax makes things more expensive (not always directly). An income tax gives people less money to spend. Two different routes with the same result -- the consumers take it in the shorts.

I'm going to leave it there, because some others are right, this is not the Isolationism thread. I'm sure you'll want the last word, so take it and be done with it.
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