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To: William Terrell; Southack
I'm fixated on the fact that our economy runs on services, and what goods we make are made from components from other countries.

Absolutely correct. No goods or goods components made here anymore.


502 posted on 03/03/2005 7:36:45 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Toddsterpatriot
You keep putting up these charts that make no sense, without any noting of the raw data and the manipulation method of that raw data, whether the unit of measure is in dollars and whether adjusted dollars are used, if so.

This chart says that in the 1960's less actual goods were made in the US than today. In the 60's most everything I saw had "Made in America" on it. Also, while more "goods" may be made in 2000, they will be made of foreign produced components.

Please try to understand, "Made in America" means nothing in terms of the stability and self-sufficiency of our economy and society if it is dependent on foreign production.

At any time, forces can cause the low prices for foreign made goods, and American "made" goods, to raise to that of real American made goods, but the income level won't be there to absorb them, like in a true and protected pro-sumer economy.

505 posted on 03/03/2005 8:08:16 AM PST by William Terrell (Individuals can exist without government but government can't exist without individuals.)
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To: Toddsterpatriot

So, you are telling me that in the 40's, when America's factories were suppling a world at war, factory output as a percentage of GDP was less then today? And you expect me to believe it? hahahahaha.


510 posted on 03/03/2005 8:33:16 AM PST by jpsb
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