Bush-The Mastermind behind 9/11? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Bush-The Mastermind behind 9/11?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: twmoore who wrote (11734)	10/4/2005 7:29:16 AM
From: Don Earl	Read Replies (2) of 20039

Off topic. The article is false to fact right out of the gate. To the best of my knowledge, the so called trade deficit does not take into account, in any way, shape or form, the fact that the majority of the goods we "import" are being produced off shore in US factories. It's not the least bit uncommon for a company to "export" raw materials to their off shore factory, where they use cheap labor and receive big tax breaks, only to "import" the finished goods to the US. There are also plenty of companies which set up factories in their foreign markets where the US goods being sold never see the US and are never "exported" as a result. There are more than a few so called "market indicators" that are completely useless as a real world picture of economic conditions, as they are hopelessly out of date as far as what they are intended to describe is concerned. The trade deficit numbers are one of those. In the 1950s an American car was made in America, today an American car may not even be assembled in the US, and even if it is, the parts come from US factories all over the world. I think you'd have an equally difficult time making the case on oil imports as the majority of that is being operated by US companies as well. The bottom line is the trade deficit numbers are an attempt to describe economic conditions that haven't existed for half a century. If there's something to be worried about, it's the amount of tax money going into producing obsolete reports every month. We live in a world economy, largely dominated by US companies. Tracking the money only at the US boarder is pure foolishness. I can't help but wonder if those writing articles of the subject are trying to work their way up to a staff position with the Weekly World News.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next