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Some good economic news ... and the GOP won't like it.

For a long time I have argued that one of the keys to restructuring the economy must be a reduced reliance on energy imports.

For the last many years the US has run persistent trade deficits, of late in the $40 to $50 billion a month range. What that means is that EVERY month about $40 to $50 billion LEAKS out of the US economy. That is money that can not circulate in the US economy and create jobs ... because it has left the economy.

There are of course two ways to reduce a trade deficit. One is to reduce imports, the other to increase exports. In this economic environment it is tough to increase exports .. but it is possible to reduce imports ... and here is the key - until recently almost 1/2 of the US trade deficit each month was due to oil/energy imports. So in the simplest terms becoming energy independent would cut the trade deficit in half ... leaving an extra $20-$25 billion a month IN THE ECONOMY (a great form of stimulus).


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