I think we each have our own criteria when it comes to value. For a grand, you could either get an American-made guitar with lower quality woods and/or aesthetics (e.g. satin finish instead of gloss, some parts in plastic, etc.) or an import that looks and plays almost like the original US instrument.
While I agree that you can play the blues on anything, I personally prefer old smokey blues and for that I play a Martin. I keep my Taylor for the beautiful arpeggios stuff but it just sounds too hi-fi to play the blues.
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