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Re: Image comments for orrrrrlandoooooooo
Posted by: Anonymous
Date: 06/03/2007 02:25AM
"I'll stick with my wife's Acura TL-S and my Acura 3.5 RL. My kids both drive Accords"

Very telling statement of the mentality of the average American consumer. They love the engineering of foreign products but they don't think of the deeper implications of their behavior. The U.S. has to be one the most import hungry nations in the world. The problem is, this behavior is simply not economically sustainable. The fact of the matter is, Americans cannot continue to voraciously consume other nations products without trading anything of value in return. This is in direct contravention to basic economic theory. The ever increasing trade imbalances and current account deficit will correct itself eventually, and this will occur in the form of a massive devaluation of the US dollar, which will raise the price of imports to unaffordable levels. The only reason this has not already occurred is because the central banks of many countries artificially keep the US dollar high in order to maintain their high exports to the USA. This is achieved through the massive buying of US dollars and maintaining huge US dollar currency reserves. Eventually, these foreign governments are going to realize that it is not in their interest to continually ship their nations high value products to the USA without getting anything of value in return. They aren't going to continue it just so some American and his wife and kids can have Acura TL-S's, Acura 3.5 RL's and Accords. People might think, "well, these countries are getting a lot of US dollars for their Acuras!" Yes they are, but those dollars are worthless if they don't want anything that those dollars can purchase. Some people say "Well a lot of Japanese cars are made in the USA now". Actually, most Japanese vehicles in the USA are still made in Japan, and where do you think the highest paid engineering jobs are? In Japan. Inevitably, the American kids who must drive Accords will not be able to afford the Hondas and Toyotas that their parents used to buy for them.

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