Quote:
Originally Posted by Arragonis
Its not just an oil problem.
In 2010 the us imported $337bn of oil (according to Mr Pickens).
At least some of that was used to generate economic activity which offsets this cost. Not all by any means and the efficiency of its use could (should) be improved - thats why we are here after all 
At the same time though the US sent $273bn more to China to pay for stuff than income from stuff sold by the US there. |
I know we are segueing into other things, but AG brings up a very valid point when it comes to our trade policies with China and the world in general. You'd think with the high unemployment and severe trade deficits we would throw the walls up and do what we have to do to keep our dollars circulating in the US. But that doesn't seem to be the case. The US Chamber of Commerce actually ENCOURAGES as much outsourcing as possible, which is economic treason to me. I don't have a problem with doing business with other countries, but when it's at the expense of my own, erm, no.
Just getting things to where the trade policies are FAIR not FREE will also contribute to the treasury here in the US.
Funny that a few people on a forum about making vehicles run better can figure out economic and trade policy better than the folks who should be doing it in our respective governments.