Re: Cheap diesel

Posted by JML755 on February 21, 2016 at 08:10:58 from (69.14.82.70):

In Reply to: Cheap diesel posted by Eldon (WA) on February 20, 2016 at 23:16:16:

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Gotta disagree. Cheap fuel benefits EVERYONE who drives in this country. It has definitely been a plus for me and my wife, considering we drive hundreds of miles per week to/from work. We have surplus money at the end of each month compared to the old high-price gas days. Granted, our 401k's have taken a hit but that will come back once the engergy sector bottoms out. Plus, we're "buying" in our 401ks when prices are low, so unless you plan to retire very soon, you're getting more bang for your investment buck these days.

As for people losing their jobs and people willing to pay more to keep them employed: That doesn't seem to be the American way. Every time you buy a cheaper tool, appliance or TV made overseas, you're benefitting from the fact that it's made for less money than it would cost to make it here, i.e. someone here in America lost their job in the process. And to sidestep the argument that someone "tries" to buy American when possible but can't find American made stuff and is thus "forced" to buy foreign, that's a "chicken and egg" argument. Manufacturers move operations overseas to stay competitive. Once the first one moves, the dominoes start to fall.

An anecdote to the above: We built some equipment for a company who now builds their product outside of the US but brings it into the states, does some minor assembly, tests it and slaps a "Made in USA" sticker on them. The equipment we sold them sits in the middle of a sizable dark, empty building that used to be their assembly plant. A number of overpaid assembly workers lost their jobs but the company stayed in business employing engineers, marketing, sales, accountants, etc. who otherwise would have lost THEIR jobs if the company went under due to overseas competition. Far more jobs were saved in this instance than jobs lost.

No, can't say I'm crying for an oil rig worker in the upper Midwest who may have lost his job while I'm pumping gas here in Michigan at $ 1.30 per gallon this AM.

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