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To: sixmil
* We are not losing manufacturing jobs

We have been losing manufacturing jobs for 150 years, our farming industry used to employ the majority of the population, now it employs a fraction of our population. Every manufacturing sector in our history has lost jobs and every manufacturing sector in the future will lose jobs.

* OK, China is pegged to our weak dollar, so that won't work, but they are sending over a trade commission to sign some big deals. Move along, the deficit does not matter since me and my grocer have trade deficits too.

China's pegging their currency to ours is essentially a subsidy for the dollar. They are trying to get a competitive advantage by propping up the dollar. A better example would be the grocer giving away the groceries for free. It is more detrimental to the grocer than the recipient. The strategy is planned on short term loss and long term benefits. Kind of like Amazons strategy.

Do you think we would be better off if everyone was busy making shirts and shoes? If your initial premise is wrong everything else is flawed too.
69 posted on 02/13/2004 6:41:19 AM PST by LeGrande
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To: LeGrande
China's pegging their currency to ours is essentially a subsidy for the dollar. They are trying to get a competitive advantage by propping up the dollar. A better example would be the grocer giving away the groceries for free. It is more detrimental to the grocer than the recipient. The strategy is planned on short term loss and long term benefits. Kind of like Amazons strategy.

Do you think we would be better off if everyone was busy making shirts and shoes? If your initial premise is wrong everything else is flawed too.

Everything is a subsidy with you guys, except of course for unemployment benefits and job training, which subsidize your unilateral free trade ideology. Isn't allowing the importation of foreign workers a subsidy for corporations?

Just the opposite, I see the corporate mentality as short term gain outweighing long term loss. Funny you mention Amazon, one of a thousand companies that survived with such a business model.

I think we would be better off without supposed free traders like yourself telling people what is worth while doing for a living, or what their salary should be. It's amazing you guys get away with calling yourselves believers in the free market. If business wants government to leave them alone, why all the political money and hard core lobbying? It's like a bad French movie - kiss me, I hate you.


76 posted on 02/13/2004 9:20:25 PM PST by sixmil
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