Thursday, January 29, 2009

Buy American

Washington Post Article - Buy American

So much for keeping out the lobbyists and special interest groups. If we think this financial crisis pissed off the rest of the world, wait until "Buy American" goes through. Not to mention buying American is extremely wasteful and inefficient. If another country sells something cheaper than us, it's because they're better at making it and more efficient. If we want to stimulate our economy, we have to concentrate on producing the things we are better at and let other countries do what they do best.

Buying local is the same concept, and equally as irresponsible. If a company more than 50 miles away wants to sell something that's better and cheaper than what we can buy "locally" we're idiots not to buy it. Unless we're not spending our own money, and we are rent seeking in which case we should buy locally at all costs.

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