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To: Moonman62
The real power is that it frees up resources so we can create newer more lucrative markets.

Okay --- we give up our jobs and wait for some kind of consumer base to develop in China --- but what happens if the Chinese also decide they like their cheap things --- plus by then --- what would we be manufacturing? China can get technology cheaper from India -- and look at Mexico --- with all their new-found US dollars, they're importing the cheap stuff from China. Now we've got a fast-growing trade deficit with Mexico when it used to be them with a trade deficit with us.

54 posted on 11/06/2004 4:37:50 PM PST by FITZ
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To: FITZ

if you look at what the US exports - you will find your answer. agricultural products and consumer non-durables (soap, laundry detergent, toothpaste), they are buying those like crazy.

Buy Archer Daniels Midland, and Proctor & Gamble stocks.


64 posted on 11/06/2004 4:44:40 PM PST by oceanview
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