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2011-11-29 Economy

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Posted by g(r)omgoru 2011-11-29 13:11|| || Front Page|| [9 views ] Top

#1 If Europe does reach a financial apocalypse and economic activity there grinds to a near halt, the US will topple right behind. A third of the United States' trade is with Europe. Think we can take that kind of hit without crashing ourselves?

It's going to go down anyways. Why waste resources need here for rebuilding? /rhetorical question

America, and in combination with the other two counties of the northern continent, have enough resources and security to reboot back to growth that the Euros will not. The only thing inhibiting us now is ourselves.

Posted by Procopius2k 2011-11-29 14:50|| 2011-11-29 14:50|| Front Page Top

#2 2010 : U.S. trade in goods with Europe
Exports: $244.803 billion
Imports: $331.492 billion
Deficit: $86.689 billion

Bring the apocalypse and bring the troops home.

Posted by Eohippus Phater7165 2011-11-29 15:11|| 2011-11-29 15:11|| Front Page Top

#3 $87 billion is the GDP produced by 800,000 workers. That's before any multiplier effect of keeping that money circulating within our borders.

Posted by Eohippus Phater7165 2011-11-29 15:14|| 2011-11-29 15:14|| Front Page Top

#4 Eohippus,
The $87 billion is for 9 months of 2011. We are on pace to run a deficit of $115 billion for all of 2011.

Al

Posted by Frozen Al 2011-11-29 16:30|| 2011-11-29 16:30|| Front Page Top

#5 Funny that so many of the usual suspects screeching about "sustainability" (that would be leftists screeching that the rest of us have to get by on less) don't see that the current fandango is quite unsustainable.

Posted by M. Murcek 2011-11-29 16:59|| 2011-11-29 16:59|| Front Page Top

#6 I would like to remind people that exports are merely the PRICE of imports.

Posted by Bright Pebbles 2011-11-29 19:06|| 2011-11-29 19:06|| Front Page Top

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