Hugh Jass writes:

On 4/29/2012 3:15 PM, Stormin Mormon wrote:

At the present rate of descent, how much longer before China totally
owns the United States?

Will we become the United States of China?


I would expect the rate of descent to increase as we near the bottom.

As more people lose their jobs to China, there will be fewer employed
people to buy domestic products which of course will trigger more
plant closings followed by more job losses. It's a never ending
circle.

Recent news articles indicate that some of the jobs lost to China
are coming back to the USA.

BGG isn't shutting down that plant, just moving one of the product
lines to China.

I don't know how much product BGG sells in China, but sometimes in
order to be able to sell into a market you need to move some
manufacturing there. With a government controlled market like
China, that could be especially true.

Not to make excuses for CEOs that decide to move jobs overseas.
One can only hope that the CEO jobs move there as quickly as
possible.

--
Dan Espen