We can't buy Cuban cigars but go to Walmart and 3/4 of the goods there are from China...i still can't wrap my pea brain around that one.
You are exactly right...Walmart sales accounted for 6 cents out of every retail dollar spent in the United States as of a few years ago. That number is supposed to double. I don't know what their average profit margin is on their merchandise, but that is a hefty chunk of change heading to China each year. It would be funny if it wasn't so serious. We are financing the weapons that they will eventually attack us with. They have been investing heavily in fighter jets, naval ships and military technology. If you want get really scared, read the CIA annual brief on China some time. According to the report, China's highest ranking government officials consider war with the United States unavoidable within the next 20 years. But still we offer them favored nation trading status under the Clinton administration, we buy everything that they produce, we offer them satellite technology so that they can leap frog us into the 21 century by never having to develop the infrastructure for land based telecommunications. We allow them to steal technology and manufacturing secrets from our corporations because they dangle the carrot in front of us that we will be allowed to compete fairly in their emerging market (ha ha). When is anyone going to wake up?