[Willie Green]

Excellent report that wasn't previously posted in the FR archives.

[the gillman@blacklagoon.com]

...The presumed logic behind the third world focus is expressed in the oft-made observation that 96 percent of the world's population lives outside America's borders, and that most of this population is found in developing countries. Thus Americans, who comprise only four percent of humanity, cannot possibly remain prosperous without selling to these countries' consumers...

This remains the stupidest thing I've ever heard. There's a good reason Mercedes Benz doesn't aggressively market to poor people. They can't buy the product.

The only thing the rest of the world wants from us is our money. The only thing we are really exporting is our ability to manufacture.

[djreece]

Marking

[ckilmer]

The people in the Bush admin seem to be pretty sharp. Hopefully the current trade deficit of over 400 billion for 2002 and rising-- will get their attention.