Posted on 09/14/2007 7:22:12 AM PDT by Robert Drobot
Criminey what a dolt.
Fiscal deficits are bad. Trade deficits are neither bad nor good.
Dependent on imports? He’s so concerned! Let me ask you a question... let’s just say you wanted someone to make something for you. You would want it inexpensive and well built and there is always a relative trade off there.
We’ve got a heck of a setup. We’ve got these millions of Chinese running around living on slave wages...making us stuff that improves our lives and makes us more productive. What a deal. They are the ones that should be pissed... not us!!!
Lest anyone think insane is too strong, click on the keyword paulcraigroberts.
No, I mean the tech and innovation jobs that are growing at a much faster rate than any other sector, and far, far faster than outsourcing ;)
I’m absolutely mystified at the economic illiterates on this board who think America can go back to a Third World economy, but mandate First World wages.
Funny thing is the average person whining about globalization is doing it sitting in a home they own with an average of more than two cars, and on a computer they couldn’t have afforded 20 years ago.
Manufacturing is a Third World economy? Well, isn’t that special. Was it the Third World that built the military power that defeated the Axis?
Or we could go back to giving them papers with pictures of dead guys they can exchange for shiny yellow or white rocks.
No, because at the time manufacturing was the cutting edge of technology and the Third World was still a farming economy. We moved on to better technology and now they’re picking up manufacturing.
You just proved my point. The anti-globalization crowd is stuck in the past and thinks 21st century American can run on a 1939 economy.
Everybody is not cut out for tech. And even if they were, THEY’RE SHIPPING THOSE JOBS OVERSEAS AS FAST THEY CAN.
I have a book on how to get ready for the 1980s depression if ya want it
I think this is pretty good work on his part. I just can't help note the coincidence that he appears after a fairly long absence now that we're in the middle of the sub-prime mortgage fiasco (and one "bad" monthly employment figure).
That’s simply not true. We’re creating far more tech jobs than we export.
And I had no idea it was the government’s job to create a least-common-denominator economy so that everyone is entitled to work. That didn’t work so well in the Soviet Union.
“...and the government sector lost 28,000 jobs.”
That’s the best news I’ve heard in months!
Is it true?
Whining on the internet, no less, probably the single greatest contributor to globalization in the last century.
From the moment that America became top nation in the middle of the last century, people have been racing to be contemporary Gibbons, chronicling the decline and fall even as it was supposedly happening. Not the least of the objections to their efforts is that Rome’s domination of the known world lasted about 500 years, and survived more than the odd thrashing or two at the hands of barbarian tribes. In modern America, it’s always the same. Every lost battle or turbulent day on the foreign exchanges and the obituary writers are sharpening their pencils.
A quick history lesson: America is no Rome - The tired analogy of imperial decline and fall.
“...and the government sector lost 28,000 jobs.”
That’s the best news I’ve heard in months!
Is it true?
Entrepreneurs, capital formation and innovation all come from government employees? Who knew Silicon Valley was owned by the government? I guess I haven't been paying attention and didn't really understand how wealth was created in our economy.
I dunno if it’s true or not, but they were reporting it like it was a negative!......................I hope they lose another 28,000 bureaucrats in then next quarter!........
Nah, I like yellow and white rocks...........especially the yellow ones.....
Thanks RB, I searched on 28,000 in the story and didn’t get anything. Second time ‘government’ turned it up.
In August it said - maybe it’s just for one month. That would be an even bigger yee-ha!
Amazing; it's like when Iranians complain about how superior they are to Western Civilization, they do it in the Iranian "parliament".
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