I saw the news this morning that the Obama administration told Citibank to ditch their plans to order a 50 million dollar jet from a French company and thought, “Wow… that jet represented jobs for French workers. I bet France is pissed.” and it occurred to me that no one is thinking about the bigger picture when it comes to the economy.

I believe that it is necessary to spend money in order to create stability in a capitalistic environment. I also believe that manufacturing jobs in France probably mean offices in the US that employ Americans. Now, I’m not sure that this is the actual case in this specific situation, but in most cases I suspect it is the truth.

This sort of thing really isn’t the result of a trickle down effect so much as it is the result of a what goes around comes around effect. If you spend money in France, in addition to creating jobs there you create the need for representation for that company on American soil which means… American jobs are created too.… [Read More]

Cents and Nonsense