Bob F wrote:
wrote in message
ps.com...
wrote:
We have spent a lifetime of throwing americans out of work, every time
we buy imported goods.......... the wages of china etc are no where
ours.
this year china begins exporting a economy car. $7000 10 year 100,000
mile warranty.
the american standard of living will HAVE to drop at some point
we
just arent affordable workers anymore.........
Of course there is another aspect of this that you completely overlook.
And that is the great benefit of people being able to buy that car for
$7000. All the folks who complain about jobs lost to lower cost
labor completely ignore the fact that everyone is also receiving a huge
positive benefit from this. This is especially true of lower income
families. If they had to pay 2X for everything they buy at Walmart and
everywhere else, it's not clear that they would be any better off.
And that $7000 mostly leaves the country - resulting in no benefit
to the economy here, or negative benefit due to the trade deficit.
As the chinese buy up our country with that money, the American
economy will continue to collapse, until this is a third world nation.
Continue to collapse? See, this is what I'm talking about. Talk
about only looking at only the negatives. The unemployment rate is at
4.4%. That is well below the average of the past 40 years (6.0%), the
90's (5.8%), and below levels that are considered full employment.
Over the last 3 years, GDP has grown at a 3.5% rate, which is faster
than either the 80's or 90's. Inflation is under control and interest
rates are low. Real estate prices are at record levels, the Dow has
just made a new all time high, and more Americans own homes than ever
before.
If that's a continuing collapse, I want more of it!
Had that money remained here, it would have resulted in more
purchases from those that earned it. Repeat as needed.
Short term thinking in a long term world.
Bob