Posted on 07/11/2005 7:27:02 AM PDT by jpsb
Rest of article here
Dang! You beat me to posting this one!
"The June surplus grew to $9.68 billion..."
Their surplus is miniscule compared to our deficit.
How long will it be before toddster spouts the advantages of the US having a trade deficit and he post his rising income chart?
..offering more ammunition for foreign critics who argue that Beijing should let the yuan rise in value...
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And Washington just fiddles while the trade deficit burns...
We have only just begun to get the benefits from free trade. We still have a few manufacturing jobs in America that are done by overpaid American citizens. Even in 2005, almost 1 in 10 American workers still actually produce something . Sooner or later all the overpayed American auto workers, office workers, insurance processors, those that work in billing, claims, call centers, accounting, etc will replaced by chinese.
The trade deficit with china will go much higher, since we still have lots of jobs to move over there, and there is nothing that we produce that the chinese want to buy.
Why don't you ping him and find out?
When the false value of the Chinese currency is opened up, so its no longer artificially tied to the dollar at nearly 1 to 1, enjoy watching all those "cheap" chinese goods jump up in price.....
When the false value of the Chinese currency is opened up, so its no longer artificially tied to the dollar at nearly 1 to 1, enjoy watching all those "cheap" chinese goods jump up in price.....
5 years from now, we'll all be driving around in ugly little egg-shaped Chinese cars that will look just like the ugly little egg-shaped Japanese and Korean cars that we drive around in today.
Quote: Sooner or later all the overpayed American auto workers, office workers, insurance processors, those that work in billing, claims, call centers, accounting, etc will replaced by chinese.
A college friend of mine is an architect. 4 years ago he said his job could never be outsourced. He has since lost his job to somone in India.
American companies are still designing the outside of the building because they know what "culturly" fits in a given local. However the inside of the building-structure/HVAC etc is all being sent to india.
Speak for yourself, I drive a Ford mustang and Chevy pickup.
Rising income charts are crap... standard of living in US has only rose moderately since 1970... and it has done so largely by the fact that most households are now 2 income not one... a complete opposite of how it was in 1970...
Our standard of living is declining in terms of real dollars when you take this into account and it directly correllates to the decline of manufacturing and rise in service industry jobs.
Sorry, but manufacturing generates about 3.5 jobs per direct job.. service 1.6... that's facts folks, and free traders can lie all day long, but its the truth.
Five years from now, the survivors will be hiding in the hills wondering what happened.
As long as Congress has its golden parachutes why should they give a damn about the rest of the country? They are P.T. Barnum, and we are their suckers.
yes and enjoy watching all those strategic resources come down in price in Chinese currency terms. Be careful what we wish for. the chinese have us by the short and curlies.
Quote: When the false value of the Chinese currency is opened up, so its no longer artificially tied to the dollar at nearly 1 to 1, enjoy watching all those "cheap" chinese goods jump up in price.....
The chinese will wait to suck more capital and knowlwedge from us before they revalue the yen.
'91 Pontiac Firebird and '02 Chevy Camaro for me (which, strictly speaking, are Canadian cars, I guess.)
Absolutely, the destruction of our manufacturing capcity makes this nation hugely vulnerable.... but hey, who cares if we can't manufacture enough materials to sustain ourselves in a long term direct conflict with China...after all their our friends....
"Facts" are usually supportable [hint].
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