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To: familyop

What does Mr. Buffet recommend to stop the trade deficit?

The trade deficit is due to Americans buying foreign goods and not as many foreigners buying our goods. We don't make many of those goods in this country because of high labor costs - largely due to labor unions.

What's the solution? Trade barriers? Speak up Warren.


18 posted on 01/21/2005 6:00:22 PM PST by jackbill
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To: jackbill

I can't speak for Warren, for sure, but two solutions to the trade deficit are a lower fed rate (more domestic competition) and a lower USD. Some people who are currently doing well in competition against their own countrymen here don't like it, but it appears that it's going to happen, anyway, IMO.


20 posted on 01/21/2005 6:10:41 PM PST by familyop
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To: jackbill
What's the solution? Trade barriers? Speak up Warren.

How about forcing open foreign markets?

22 posted on 01/21/2005 6:24:58 PM PST by Last Dakotan
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