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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (373169)	3/8/2008 8:40:10 PM
From: Road Walker	Read Replies (1) \| Respond to of 1572608

No a trade deficit isn't a transfer or wealth because its an exchange of one form of wealth for another. A transfer would be giving wealth away for nothing. It costs ~$10 to get a barrel of oil out of the ground. We are paying >$100 a barrel. Get real man, we are running huge trade deficits month after month. That US cash is being used to build infrastructure, space programs and a military in China, wealth across the ME and Asia. And it is wealth not available to this country. If we had balanced trade you might have an argument; you don't. You don't have to trust me you can trust virtually every economist in the world.