We HAVE to buy non-domestic products. It is the only way we can export our inflation and keep it hidden from the American public.
I know that seems like a brash statement; when you don't stop to think about before you flame it. However, if not for the money we spend on overseas production, all money would be spent internally in the US and the buying power would be destroyed by the resulting inflation.
Isn't Canada foreign?
Don't know. You know what we consider American cars in Canada? Domestic. Go figure.
Foreign? No, not if it's southern Ontario...
DAS
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This stems from the old Auto Pact. We used to have a real, local auto industry (early in the previous century). As I understand it, the Auto Pact, between the US and Canada, allowed the US auto companies to sell vehicles in Canada, duty free, as long as they made one vehicle in Canada for every one they sold. This meant that they could, for instance, sell a New Yorker as long as they made a Caravan. For a while, in the good old days (like the late '70s I think), productivity at Canadian plants was such that more vehicles were made in Canada than were sold.
Now they are closing plants left and right. As an aside, I would have thought that the number of Firebats and Camaros that are bought by Froncophone Studs would be enough to keep the St. Therese plant open.
Dan
Do you have a source for that philosophy? I've read a few articles dealing with trade and economic issues and this is one angle I have not stumbled before.
| > The US government buys from anybody...case in point...a Chinese company | now | > making the Army berets and a scandavian company making their grenades. I | > wish they wouldn't do that and that includes companies that relocate | outside | > of US borders. Of course, if the companies are taxed so high that they | > can't compete internationally that they have to move or die, then that is | a | > issue also that needs to be fixed. | >
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