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If You Buy Something You Have To Pay For It

This is not an Obama original.  He had a talk with Boone Pickens, and then he goes out and repeats what Boone Pickens is saying: "seven hundred billion dollar transfer of wealth to foreign nations."  There is no "transfer of wealth" going on here, and Boone Pickens should know that, too.  We're not giving this money away!  We are getting something for it.  We're getting oil for it.  Forget for a moment from where.  We're going to buy it from someplace if we're not going to have enough of our own. So whoever gets it, we are exchanging wealth.  We're not transferring anything -- and this idiot doesn't even understand that! The principles of market economics are so foreign to this guy, because I'll guarantee, he's never been taught market economics. 
 
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