Posted on 03/19/2004 5:19:47 AM PST by neutrino
But he real problem is selling off the only comparative advantage we have for short term gain. This is not caused by debt, this is caused by shortsightedness by all of the Americans involved in the whole business of off shoring. The question arises: Why now? Why would this have not happened before? The answer, of course, is that we boomers are in charge now and take the wealth machine of the country for granted. It is short term profits over long term poverty. That is what is so galling about it. It does not even make sense from a business point of view if you look any farther out that 4 years.
The one we had in 1790.
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