The powers that be are hoping to save our economy by exporting, doubling exports in 5 years. In the White House video there is no explanation of how, exactly, they will do it. The video assures us doubling numbers is big. America has never taken a back seat to anyone else (what about the first 150 years?). All we need is a level playing field. Patriotic Americans can agree.
Oh.
What is so goofy about this is int'l trade is at most 20% of our economy. Um.. if you want to fix the economy, shouldn't you work on the 80% that is domestic? It is bad enough if we depend on foreignors for 20% of our goods and services... we want to go to 40%?
Anyway, nothing good can come from this. Just get your own oxygen mask on first, then assist others...
Sunday, November 21, 2010
How We Won't Double Exports
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3 comments:
I have found the book "When money dies" by Adam Fergusson subtitled 'the nightmare of deficit spending, devaluation and hyperinflation in weimar germany' to be helpful in my understanding what is happening now.
best regards, christina
Seeing things from a different point of view as an International Trader, do you think the government will give considerable incentives for us that are in the field to switch to export? will it be worth the effort?
I am not sure how one can "switch" to exporting, one serves customers, whethr exporting or importing. In any case, it is a very bad idea for taxpayers to task government to promote business, any business of any sort. I am a big believer in separation of business and state.
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