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[Altaire4_2dot0]

OT: Economic Ramification's of Bush's EU rebuffs

If you've read the reuters article I posted you begin to understand that many individuals are following G Dubbya's lead putting all on the credit tab. So many will continue to leverage equity in their homes to buy the Passat, Cayenne, Tareg, etc, ad infinitum. You cannot continue that kind of mortgaging of your personal and national debts indefinetly without some serious social and economic ramifications. We cannot sustain continuing job losses with minimal productivity before its start to impact our domestic corporate spreadsheets. It then becomes an economic spiral in which the economic pie continues to shrink.

Many of the EU partners have a social contract with their people so if you think they would set up Auto plants in the US I would re-think that. The French and the German's have no love for our current leadership. If anything ... you can expect our exports to these EU nations continue to slow.

If anyone benefits it will be the Asian economies which will continue producing cheaper automotive parts so that European manufacturer's can cut costs to sell us their Auto's.

If the current policies continue unchanged we will be looking at some serious consequences starting to surface over the next Four years. Hold-on, its going to be a bumpy ride.

BR, Altaire4