Quote:
Originally posted by bilmore
See, I disagree with this, to the extent that it assumes that productivity exists in more places than just here. (In a relative sense, of course.)
I think we could do this. I think that we would end up bluffing them out and winning, but, if we had to, we could carry it off. They're not "financing" us. They're investing their currency in the only stable account. We own that bank.
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Dude. There is not a factory owned by an American company that makes consumer electronics. There is not a single brassiere made in America. How would it benefit us to stick a thumb in evryone's eye, destroy their economies, and severely damage our own?
You seem to suggest that there would be some positive benefit to forcing everyone to recognize/believe that they live well only by "America's largesse". Even if that were true, I don't see a long term gain in highlighting it.
Plus, we don't want to have to pay for crappy cars produced by union wages with minimal competition. We've been there (roughly 1975-1985). Open markets and international competition are the best things that have ever happened to the consumer (taken in the aggregate).
S_A_M
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