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Slave labor is paying off big for the commies in Red China. Who said communism doesn't work? It sure does if every dumb**s capitalist in the world is pouring money into it! I wonder who will be buying the 30,000 dollar cars and 200,000 dollar homes in America in a couple of years when three quarters of the population is flipping burgers at McDonalds or unemployed??

I wonder who will be buying the 30,000 dollar cars and 200,000 dollar homes in America in a couple of years when three quarters of the population is flipping burgers at McDonalds or unemployed??

Good question. Only the minimum wage sector is growing, the better paying jobs are draining away.

This is the usual total fabrication of "economic growth" boasted about at around this time every year by the psychopathological self-appointed Peking-based pack of invading, conquering, colonizing, enslaving, mass-murdering, lying, looting, thieving gangster bastards that calls itself, "china." [The books MAY be done by August; not that it'll make any difference; Peking's psychopaths never retract lies]

"china's" actual 2002 growth MIGHT be 3% -- and is to a penny; just as that of the much-vaunted South East Asian "tigers" [Pussies, actually] used to be; entirely foreign investment driven -- and doomed to eventual collapse.

I understand that China has routinely massively overstated its economic growth figures. This sounds like more of the same to me, with real figures morel like half that 8%. That bodes very poorly for them, since they really need something like 8-10% growth to sustain their employment goals.

Yep. that's what happens when Americans buy more and more Chinese made products.

I personally don't mind paying a bit more for a quality American made product. Unfortunately, it's getting harder and harder to do.

Anyone remember Wal-Mart's old promotional materials? They use to push how they helped save this or that American company/factory by the "We buy American whenever we can" campaign. I guess the bottom line finally caught up to them. I have seen no such claims in the last several years. Wal-Mart goes with the cheapest price - the bottom line. Of course, i belive the Buy American campaign was pushed by Sam Walton.

To add insult to injury, some American companies have stooped to levels so low - they manufacture their product overseas/internationally, import them, run them through an assembly line here in the US to simply add a sticker or other insignificant part and re-label it as "Made in the USA".

I make a concerted effort to not buy Chinese made items. When you shop around and find that every single version of a particular item, regardless of brand, is made in China - what do you do?

See this article on the Chinese 'miracle.'

IS CHINA'S ECONOMIC BOOM A MYTH? The New Republic Online

www.tnr.com/docprem.mhtml?i=20021216&s=kurlantzick121602

The reason for the boost in economic activity is that China is moving away from communism and towards capitalism, however imperfectly. Dumba$$ capitalists are pouring money into China, because, duh, they believe it's a profitable investment. That's what capitalism is all about (there's no discrete communism or capitalism, just interwoven shades of both). BTW, the answer to your last question is DEBT. You're overdramatizing anyway. This current recession is somewhat painful, but we'll get through it. I suppose people in the 70s (I wasn't around) believed the country would basically just decline slowly in the future. Of course, they were wrong.