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To: expat_panama
The problem with this recovery is that the jobs we are losing now (manufacturing) are not coming back. Once they've gone to china, no economic activity can bring these jobs back. Just look at the furniture and textile industries here in North Carolina, they are gone, or going.

What we are looking at here, IMHO, is a decline in the American standard of living. And I don't see any releif.

And, to help us over the cliff, we just signed new trade agreements with Chile and Singapore. Brilliant! Unleashing China on the American Economy was the begining of the end of our way of life.
3 posted on 08/02/2003 5:38:30 AM PDT by ChadsDad (learn to do with less. Thanks.)
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To: ChadsDad
Cass Ballanger will never be re elected, people around here are mad!
4 posted on 08/02/2003 5:40:00 AM PDT by ChadsDad (learn to do with less. Thanks.)
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To: ChadsDad
The problem with this recovery is that the jobs we are losing now (manufacturing) are not coming back.

Don't just limit yourself to manufacturing jobs, tech jobs are going to Singapore and India and aren't likely to come back. Granted its a lot easier to bring those jobs back (don't have to get a factory working) but its unlikely we'll see tech employment improve in the next couple of years.
Ditto that with backoffice work, call centers, pretty much anything that can be done in front of a computer.
6 posted on 08/02/2003 5:50:53 AM PDT by lelio
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To: ChadsDad
Not only manufactuing but accounting, radiology, CAD/CAM, legal services, and of course, IT.
Get a good education... get a good job... maybe. Keeping it's the trick.
11 posted on 08/02/2003 6:42:30 AM PDT by banjo joe
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