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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (373551)	3/10/2008 9:06:34 PM
From: TimF	Read Replies (2) of 1572943

the point tejek was trying to make about Brazil's stock market going up, because they are oil independent He didn't, and you don't provide any argument for the idea that Brazil's stockmarket went up BECAUSE they are oil independent. And even if it did, it would be irrelevant to the point I was making, but Ted wanted to portray it as somehow relevant. Economists have long known that oil acts as a giant tax on our economy. Its a cost, not a tax. Domestic oil is also a cost. That's $440B we could have been spending on other things in the US, perhaps on homegrown US companies making alternative fuels Some of that $440bil was spent in the US. Its not like the oil sellers want to just sit on a pile of cash and do nothing with it (and if they did that would mean we were trading oil for paper, which I'd do all day long if I could) Also the alternative fuels delivering the same amount of energy would have costs a lot more than $440bil.

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