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"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part."

-Marc Faber

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Comment Preferences

  •  Well, (2+ / 0-)
    Recommended by:
    Dr Swig Mcjigger, deepeco

    for a joke it's okay.

    Not factually accurate, but okay.

    Living in CA, I would like it if people continue to buy fruit and vegetables.  

    BMW has a factory in North Carolina (as does Toyota), and who's to say that only German cars are "good" cars?

    But as I say, the general point made is valid, and that's what makes it an okay joke.

    Plus, that $600 rebate was stimulus money from George W. Bush.  See, it's okay for the feds to spend to stimulate the economy unless it's a democratic admin doing the spending.

    Augh maybe I'm just not in a jokey mood.

    Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek. Barack Obama

    by delphine on Fri Jan 04, 2013 at 10:53:37 AM PST

    •  NJ (1+ / 0-)
      Recommended by:
      blue muon

      I live in NJ and there is huge vacant lot where an automobile factory once stood a long time ago.  In some parts of the state there is 10% unemployment.  I think its accurate in some ways.  

      The point is that more "stuff" needs to be made in America.  There is lots of talent and people who want to work.  

      It would be nice to see a factory, a business or something that fills all those empty lots.  

    •  true enough (0+ / 0-)

      Faber's still an asshole, though.

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