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Politics : Gold and Silver Stocks and Related Commentary
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To: Crusader who wrote (14408)6/18/2005 12:51:32 PM
From: Bearcatbob  Read Replies (1) of 18308
 
Crusader (a most politically incorrect name I might add) - I have pondered the trade deficit problem and I keep coming back to the same question - how do you solve it?

Let's see - we could impose big tariffs on imports - any one in the world think that is a good idea?

We could take away the buying power of our citizens by increasing taxes - the resulting recession would solve the trade deficit? That would leave the least amongst us to suffer most at the bottom of the economic ladder.

We could wage a public campaign making it unpatriotic to travel out of the country or buy foreign goods - anyone think that is a good idea. Frankly it would not bother me if the ungrateful were to loose us as a market.

We could create a massive synfuels industry and stop importing foreign oil - I sorta like that one - but those who complain the most about our budget problems would go absolutely nuts with the idea of nuclear power and more mining.

Ultimately the answer has to be market forces. Market forces will eventually adjust buying power and drive a balance. In particular market forces are likely to drive the energy issue as a prime means of reducing the deficit.

I am open to any other ideas on how to close the trade deficit.

Bob
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