"Exchange rates. Hate to say it, but the US dollar is dramatically overvalued. The result of this is that the US is the #1 exporter of JOBS. Will devaluing the dollar cause inflation? Sure. Prices will rise. But I'd rather pay a little extra today than have nothing tomorrow."
What would happen if all US consumers simply stopped buying most foreign made products tommorrow? Initally it might be damaging to our economy,but would it benefit us in the long run? curious what other people think,I never studied economics.
"What would happen if all US consumers simply stopped buying most foreign made products tommorrow? Initally it might be damaging to our economy,but would it benefit us in the long run? curious what other people think,I never studied economics."
Sure it would hurt for a while. Not nearly as long, however, as the coming disaster from not manufacturing anything and from all the foreign workers illegal and otherwise.
I want something done about the illegal immigration right now - then the legal immigration. I don't have many occasions to call companies, but last month my husband and I spoke with three companies - one an insurance company, there he spoke with three different employees - I spoke with A T & T - just one employee - and I spoke with American Express - just one employee there also. Now the strange thing about this - all these employees spoke with a foreign and I believe Middle Eastern accent. It gave me a funny feeling - frightening!!