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To: LoneRangerMassachusetts
At the rate Wall Street is shipping our manufacturing to China, we will be lucky to have an economy in thirty years

Kudlow is probably aware, unlike yourself, that we manufacture more today than at any other time in history. We just do it with fewer plants and less people. That productivity growth is what's responsible for our increased compensation.

If we're shipping all our manufacturing to China how do we manage to produce 80% more than Japan each year and 130% more than China? We make more than both of them combined. Our economy is seven time China's and, more importantly, our GDP per capita is 30 times higher than China. You're worried about things that don't exist.

18 posted on 12/10/2006 3:37:01 PM PST by Mase (Save me from the people who would save me from myself!)
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To: Mase

Don't bother them with facts, their minds are already made up. It's easier to blame others for their personal situation or vast conspiracies against them than to take personal responsibility for their lives.


21 posted on 12/10/2006 4:22:10 PM PST by Dat
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To: Mase
Kudlow is probably aware, unlike yourself, that we manufacture more today than at any other time in history...

If we're shipping all our manufacturing to China how do we manage to produce 80% more than Japan each year... You're worried about things that don't exist.

OK, ignore my argument and show a snapshot of today's economies. Again, in Nixon's presidency, the Chinese could not produce enough to feed themselves. That's about thirty years ago. Now the Chinese are closing in on the industrial capacity of second place Japan. In thirty years they will be where, at a growth twice ours? I shouldn't worry about a future China that can output more than the US. At one time Britain was an industrial giant. A hundred years later, the US had to bail its ass out of war with Germany.

Look at your own argument to show how disingenuous you are with facts. The US population is 299,650,000. The Japanese number 127,460,000. The Japanese are 42.5 percent of the US population. From your own source, the Japanese output is 0.99 trillion to the US 1.79 Trillion, or 55.3 percent of the US production. Apparently, Japan is much more productive per capita. What do you find in this to be proud of?

So we output more that we did in the past. So what. We have more people now. Given the head-start we had, we should be more than twice where we are now. Kudlow is a media blow-hard. Anybody who takes him seriously should admit themselves to treatment.

23 posted on 12/10/2006 5:24:41 PM PST by LoneRangerMassachusetts (The only good Mullah is a dead Mullah. The only good Mosque is the one that used to be there.)
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To: Mase
Mase said: "Our economy is seven time China's and, more importantly, our GDP per capita is 30 times higher than China. You're worried about things that don't exist."

Reasons to worry may not exist today, but the trend will be away from rewarding Americans for doing jobs that people in China or India can do as well for less pay.

During times of global economic expansion, the US will be able to grow along with many other nations. But there is little reason to believe that the US can continue to dominate as in the past.

We are fortunate that countries like Russia, China, and India are so incredibly backward. If they ever tire of self-limiting national policies, their prospects will be incredibly bright until they catch up with us.

Europe is having to deal with the dilemma of supporting their socialist policies while their economy's growth is limited. If they don't adjust their policies, it will accelerate the decline of their economy. If they do adjust, it will create social unrest.

We will have to face the same things over, say, the next twenty years. Kalifornia is toast as soon as the next recession begins. We probably don't have enough courtrooms to address all the legal issues that will surface when Kalifornia can't pay its bills.

24 posted on 12/10/2006 5:42:42 PM PST by William Tell (RKBA for California (rkba.members.sonic.net) - Volunteer by contacting Dave at rkba@sonic.net)
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