Posted on 12/19/2009 12:24:10 PM PST by GVnana
Which are in themselves a valuable commodity, unlike the paper that you are proposing to transport in them.
That would be the Oct 2008 numbers. Yeah, of all foreign ownership in Oct 2008, they held 23% of it.
Actually, short of electronics, I purchase everything on-line-made in USA of USA material. Tennis shoes to chef’s cooking ware to clothes. It can be done.
However, I do agree with you.
Where? I think the financial-political establishment in NY/DC expect the great unwashed to put up with inflation as far as the eye can see, most likely stagflation as well. I just wonder how far people like Pelosi can go with talk of a “global stimulus”, presumably to encourage an even faster-growing consumer debt to presumably send more dollars to China so that they can buy more of our national debt. But the alternative, stabilizing our out of control national debt with spending reductions isn’t going to happen. The thought is twice as laughable with Obama/Pelosi/Reid in charge. Those people won’t let voter anger get in the way of trashing our country.
Let’s stop buying their stuff now and we can restore employment.
That is a fallacy. We do not have the equipmwent to manufacture many goods, we sold it overseas. We no longer have the skilled tool and die makers or the equipment in any quantity to develop the machinery to manufacture goods. We have had our seed corn sold out from under us. There is no going back.
BS. We manufacture more than any other country.
We no longer have the skilled tool and die makers or the equipment in any quantity to develop the machinery to manufacture goods.
BS again. What goods do you think it would be impossible for us to manufacture in America again? Be as specific as you can.
We do not manufacture more consumer goods than other countries.
Try weaving, you have to build looms, try shoes, very few left, most of the equipment is overseas. We have sold tons of capital equipment and moved it overseas or to mexico.
I will have to find the book I read recently about capital equpment flight to other countries and the fact that we do not have the trained workforce we had fifty years ago
We could never replicate the manufacturing miracle with did with WWII
“Ben Nelson selling out just made matters worse. I hope Nebraska looks him in the eye when he gets back there.”
LOL, well you might ask your self, have they been ignorantly voting democrat all their life's if so by the time the dust settles you might think they aren't worth saving.
... think about it: Where do many of the pension plans invest for a good return?
ans: Health Insurance companies. The only thing the fedgov will soon have left to go after, is the retirement $$ that folks have tucked away.
That works for me.
Son of Great Wall of China.
WE-ARE-OUT-OF-MONEY!!!
Someone PLEASE tell Congress.
My, how things have changed.
Thanks, that should be required reading for fleece trade koolaid drinkers. The myths have come come to roost.
Why is it amusing?
I was pondering this the other day . . . if the paleotards refused to give credit to us for the expansion, why do we get blamed for the recession ten years later?
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