Possibly America never saw it coming?
About the Middle East, we may be in term of bigger power due to our military size perhaps, but our economy and business is being invested by the Middle East. Do you think the Middle East and other countries are buying us out? OPEC barrel of oil is 110 + that 42 gallon, a full tank for a GMC truck. In my opinions, their Governments have nothing to do with the US economy business. But their people do. On the other hand, their way of thinking is of old fashion: Money is Power. They just continually are buying us out. While our FED kept cutting the rate, reporting to law maker and our research and development are too caught up in election, taxes, foreclosures, and the slice and dice of cutting the rate. Who is checking on other Countries economy? 1. Do you think the Middle East and other countries are buying us out? 2. Who is checking on other Countries economy? This is where they are making their move when we don’t realize it. 3. Any thought?
Public Comments
- The economy runs in ebbs and flows. Sometimes it works with us, sometimes it works against us. In regards to other countries "buying us out". I believe a more accurate term would be investing. No one, including countries invest money in ventures where there is no profit. About the price of oil. I agree they do have us by the short ones. However, we have options. Drive cars with better gas mileage. I'm not talking drastic changes either. I mean cars that get 2-3 miles more per gallon. Multiply that by all the cars on the road, and you can see the cost savings for this country. Allow more drilling in protected areas in America. The government should also give more tax incentives to drive hybrids. We have options. The question is will we utilize them?
- In fact Middle East is rescuing USA. For example, Citicorp would be already bankrupt if it was not for money invested by ME sovereign funds.
- I agree.
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