In article ,
"Charlie" wrote:


Consider China. Their economy is doing very well because American
manufacturing is going down the tubes.
Actually we make just as many things as we ever have, and even for
inflation it has increased steadily. What has happened is a very large
average increase in productivity over the last 20 years. We have lost
considerably more jobs to robots then Chinese especially the higher
paying ones.


Here's the problem. Every time there is a tanker of oil is on the market we
are bidding against our own money that now is in the hands of the Chinese.

So if you think that the president has any control of oil prices put down
your copy of Playboy and start reading the business section of your
newspaper.
Of course the President has some control. To the extent that the
adminsitration's rules and regulations put obstacles in the path of
developing our own resources it impacts greatly. The dumbest thing a
president can say (and this has been said by people of both parties) is
that there is nothing they can do immediately. While that is true, if
someone had decided at the time of the last big surge to do something
about it, THIS surge might not have been as large.

--
People thought cybersex was a safe alternative,
until patients started presenting with sexually
acquired carpal tunnel syndrome.-Howard Berkowitz