To: wyowolf; LowCountryJoe
The truth is that consumers spend most of their money on foreign imports, and any stimulus package probably would be stimulating foreign economies rather than our own. Imports, for example, account for 92 percent of our non-athletic footwear, 92 percent of audio video equipment, 89 percent of our luggage and 73 percent of power tools. In fact, between 1997 and 2006, only five of the 114 industries examined in a U.S. Business and Industry Council report gained market share against import competition. Couldn't have said it better myself. The Chinese economy doesn't need any more stimulation. They are on steroids now.
6 posted on
01/23/2008 7:47:47 AM PST by
trane250
To: trane250
If Americans are smart they will use the stimulus to pay down existing debt. That is how mine will be spent.
To: trane250
For all the complaints about the level of imports to the United States and the so-called "loss of manufacturing jobs" here in the U.S., the reality is that the U.S. is still the largest importer in the world -- and by a wide margin, too.
Funny how you never hear folks like Lou Dobbs point that out.
22 posted on
01/23/2008 11:06:05 AM PST by
Alberta's Child
(I'm out on the outskirts of nowhere . . . with ghosts on my trail, chasing me there.)
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