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Did 2008's $677 Billion Trade Deficit Cause the Recession?

United States must pull a rabbit out of its' hat.

The key here is OIL IMPORT addiction. As the Author said, accounted for 389 Billion last year----blown out the tailpipe....one time use-gone-poof.

There is an alternative and damn if Obama DID NOT bring it up in TARP TWO, the sequel.

Until the USA has a plan to stop imported oil we're toast,cuz the last thing we need right now is to piss off the largest holders of our debt
with talk of protectionism.

So use oil imports as source for TAX -AND concurrently begin immediate transfer to homebased resource energy we have in abundance, Coal Gasification, Wind, & Natural Gas !!!!!