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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: alanrs who wrote (169571)	12/6/2008 10:52:39 PM
From: Lizzie Tudor	Respond to of 306849

I get the gist but I don't think it is correct, or it is not completely correct- the whole story. We keep the 800 billion here and pay salaries with it. Its not like that 800 billion walks it just doesn't provide the same level of efficiency for the buyer of the fuel- he only gets 80% of what he used to get from the ME for the same money. Yes it is bad for him, but good for everybody else- there are now a ton of US workers reaping the benefits of that 800 billion, paying taxes, paying off the bush debts which we need to do if we ever expect to have a decent dollar valuation again. Same dynamics as if we manufactured flat screen TVs here. I would pay more for my flat screen TV but the jobs created and taxes paid by keeping that industry in house would probably offset it. I am not advocating overall protectionism or anything, there was a time in the 70s when US companies were not competitive and global markets were a good thing but at this point somebody needs to face reality that we cannot continue with these trade deficits to create 50K jobs per month as we have this whole decade while offshoring all these businesses away. We have to make something here and it might as well be green fuel.