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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (372947)3/7/2008 10:29:54 AM
From: Road Walker  Read Replies (1) of 1572507
 
I think categorizing anything we buy as part of international trade as a transfer of wealth out of the country shows some serious misunderstanding of international trade.

Oil fluctuates between 1/3 and 1/2 of our entire trade deficit. It's up a couple of 100 percent in the last 3 years; 500% since Bush took office. Oil in a 'raw ingredient' in virtually every product or service in the US because everything has a transportation component.

So you can dis oil as "anything we buy" but you will grossly underestimating it's importance. Both in scale and breadth.
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