Monday, October 27, 2008
Warren Buffett's buying American
Warren Buffett is buying American and so should we. Buffett is putting
all his stock in American equities. However, for those of us who
can't afford today's good buys in stocks, we can still invest in
American goods and services. Each time we buy foreign goods at
WalMart or wherever we tip the balance of trade scale just a little
further in the direction of foreign countries and increase our debt to
them. We owe China and Saudi Arabia because we can't kick the habit
of cheap goods and foreign petroleum. Buying American would give our
economy a boost and save American jobs.
all his stock in American equities. However, for those of us who
can't afford today's good buys in stocks, we can still invest in
American goods and services. Each time we buy foreign goods at
WalMart or wherever we tip the balance of trade scale just a little
further in the direction of foreign countries and increase our debt to
them. We owe China and Saudi Arabia because we can't kick the habit
of cheap goods and foreign petroleum. Buying American would give our
economy a boost and save American jobs.
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