nordlead said:
but why should we spend taxpayer money on supporting other countries? Why not support our own citizens, who can then decide for themselves if they want to buy foreign made goods (which they will) |
The US is actually the third largest exporter in the world (behind Germany and China).
Even without retaliation from the EU, the US Exporting market could see detrimental effects that go on for much longer than the rest of the economical crisis. Afterall, if Europeans lose their jobs because Americans have stopped buying their products, then the Europeans won't have any money to buy those American products. (and that's IF the EU Gov'ts don't do anything).
This kind of action will only make the whole problem much worse on a world wide scale.
The "Buy American" clause just seems ridiculously short sighted to me. It'll have a negative effect on other nations now, and could cause more problems for both the US and the rest of the world in the future.
Still, at the least the UK are increasing trade with China now, which may negate these effects slightly.
