Off-Topic: Glimmer of Hope for Autos

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	Name:	water_watcher -
	Subject:	Glimmer of Hope for Autos
	Date:	2/17/2009 2:28:55 PM

I know when the economy is bad people starting thinking more like protectionist and only buy american to save ameriacn jobs. But the reality is we do have a global economy. As you said yourself tour Tundra was made in Texas. And many things made overseas use US parts ... like computers, while most are made in China and Japan, they use Intel chips and TI chips made in the US. Different markets are more efficient than other markets for making certain products. Yes, some of it is labor costs, but some of it is climate related, certain technology and education/training.

The fact is that the US consumes way more than they can produce and that is why we have a trade deficit. Our economy is still larger than any other, so we are net consumers. Trying to produce everything in the US would be impossible and lead to wage and price inflation.

You also have to remember the federal deficit we are running and the $800 new spending Obama just signed ... where do you think that money comes from? It is other nations like China that loan us the money by buying US Treasuries. If we decide to cut off China from exporting ... do you think they would keep loaning us money? If they stopped, the US dollar basically becomes worthless since what is backing it up?

I realize these are big finance and economic issues, but the reality is not as simple as saying buy american and stop importing good from foriegn countries.