Posted on 12/04/2014 10:28:07 AM PST by central_va
How about you? I’m guessing you work at the Post Office.
http://www.gold-eagle.com/article/black-tuesday-october-29th-1929-revisited
SECOND VERSION at this link explains the ‘loans’ and the Federal Reserve involvement.
That all changed with industrialization because manufacturing is a capital-intensive process where there are no major natural advantages like you have in agriculture. As a result, manufacturing tended to migrate to places where: (1) the cost of materials and the availability of transportation infrastructure were favorable for industry, and (2) government policies made it attractive to do business.
Having said that ... China didn't surpass the U.S. in GDP because of anything related to trade policy. China was eventually going to surpass the U.S. in GDP no matter what -- because China's population is something like four times the size of ours.
Mark 10:2-12: 2 And Pharisees came up and in order to test him asked, "Is it lawful for a man to divorce his wife?" 3 He answered them, "What did Moses command you?" 4 They said, "Moses allowed a man to write a certificate of divorce, and to put her away." 5 But Jesus said to them, "For your hardness of heart he wrote you this commandment. 6 But from the beginning of creation, 'God made them male and female.' 7 'For this reason a man shall leave his father and mother and be joined to his wife, 8 and the two shall become one flesh.' So they are no longer two but one flesh. 9 What therefore God has joined together, let not man put asunder." 10 And in the house the disciples asked him again about this matter. 11 And he said to them, "Whoever divorces his wife and marries another, commits adultery against her; 12 and if she divorces her husband and marries another, she commits adultery."
It has driven non-entrepreneurs and non-salesmen to the Public sector to earn a wage they can actually subsist on. Teaching pays more than most Science jobs nowadays. Blame the union all you want, but it's primarily that way because you can't outsource a classroom of children - yet.
The only thing stopping the outsourcing of American job was the kind of tariffs and levies the Founding Fathers always used to protect American interests. That's gone now, because the Chamber of Commerce types swear by Milton Friedman and despise Adam Smith. Economic Patriotism is “Socialism” if you ask them. “Start your own damn business or shut up,” is the attitude. Then try actually starting a new business when the Chamber businesses are gods to the Legislative bodies. Good luck.
Make no mistake about it. When we talk about the “Global Economy,” we talk about reaching new markets and new investments. The Free Traders are talking about ten-cent an hour labor in Third-World countries without consequence. Free Trade has widened the wealth gap and destroyed the market for the American worker.
What are your sins?
Worth repeating.
Does Rush claim to be Christian?
Everyone talks about Detroit, well there are thousands of mini Detroits all over the USA....
You really have to shake your head about it: “The Chinese are (bigger/better/whatever), so we need to raise taxes on ourselves.” Seriously?
Everyone claims to know what the Bible says. Put 100 of you in a room and we’ll get 101 opinions on the matter, each claiming the other is not Christine and cherry picking the verses they want to obey.
I think God said not to judge.
(But no one wants to get dirty and work 10-12 hour shifts).
Rush did not line up behind The Lil’ General to kill-off NAFTA when we had the chance, and he has some long-time listeners who will never forget that.
Dammit, why did I throw away my secret decoder ring.
/johnny
If you can't hire then the prevailing wage offered is too low. It's called supply and demand. Nothing to do with getting dirty or anything else.
Remember when Rush’s 3rd wife had him promoting the horrible gaudy ties she invented? It reminded me of the Seinfield episode when Kramer’s girlfriend got Sienfield to go on national TV wearing a pirate shirt she designed.
Called it what you will, but what is happening between the US and China isn’t free trade. Nothing free about it.
It was somewhat surprising. I had known all along, but it reminded me that we are raising a generation destined to work at Starbuck's.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.