Comments:

raymond - 2004-11-12 09:48:23
Visteon employs thousands of workers in other countries. They work hard and cheap. The tax breaks and incentives Visteon has cashed in on here support their efforts elsewhere. Perhaps the Gov will offer any closed plants to Toyota or whichever foreign interest is the low bidder. Are the Russians coming? Oh, right, they already snap up our failed steel companies, they're here. Maybe we won the Cold War, but blank checks for Endless War create deficits that must lose the Gold War.
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Laura - 2004-11-12 09:53:43
That is interesting, I never thought about it in that way; does a (forgive my ignorance, please) deficit encourage foreign investment because the domestic government cannot afford to subsidize domestic industry?
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raymond - 2004-11-12 10:07:13
As I understand it, deficits weaken currency providing better returns for foreign investments (and travel, although we did hear a few people speaking English in NYC). I've read that one of the reasons for invading Iraq was that when UN sanctions stopped the Iraqis planned to explore trading oil in Euros rather than in dollars. Japanese and other banks subsidize our deficits by buying bonds here. God has directed the president to finance his exploits on credit while he loots the treasury for the sake of his cronies. If the dollar weakens such that Euros-for-oil catches on, our economy stands in jeopardy. Seems like we're at greater risk now no matter what.

We've hosted two Swiss exchange students. Both were economics majors. One, Dr. Andre, boy wonder, now works as a full professor in Montreal. I wish he would visit and explain it all to me.
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Laura - 2004-11-12 10:19:05
Actually you just did very well at explaining it to me; I appreciate it. The oil-for-Euros part was especially interesting; Euros have been strong against the dollar lately, and were the Iraqis to go oil-for-Euros it seems that there would be a built-in loss for us, when we traded with them, given the Euro's strength. Thanks Raymond.


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