Quote:
Originally posted by jb2000
As for the nation itself, there is some concern if foreign powers become capable of cutting us off from industry, but I think this is not likely. Our largest suppliers of industrial goods have been our most friendly partners diplomatically, or at least have never contemplated cutting us off for real. The only raw material which we have really had problems with is of course oil, but even there we have made do.
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It amazes me when I hear this as our one of our largest trade deficit recipients is China. It boggles my mind when the same people who claim they are out to destroy us and that we must consider them an enemy say with straight face that a trade deficit with them is ok and just part of a new Global economy. We are subsidizing and heavily indebted to the very government we are told to be scared of, THAT IS A FACT.
Tell that to the US steel industry that is being destroyed because countries like China and Japan subsidize their steel to the point that we cannot in any way compete. Then just to make sure they tax ours into oblivion.
Tell that to companies like Gorman Rupp in Mansfield, Ohio, where they are close to laying off people for the first time in company histroy. They show losses mainly because the Chinese are stealing patent rights and selling exact parts much cheaper. Which if GR didn't hold the patents to might be ok, but now it's just piracy and our government does nothing to protect GR and their intellectual properties.
Tell that to the workers of car companies finding who find their jobs going to Mexico because the imports (like Hyundai, Kia) come in almost tax freewhile ours are taxed into oblivion.
If there is to be a "global economy" then there has to be a level playing field in taxes also.
I just don't understand the reasoning that it is ok to ship our industries overseas. Hell, even phone customer service is being shipped overseas.
We ship our industry overseas, we ship our jobs overseas and we run HUGE trade deficits and yet it is ok and all is going to be fine? I'd like to know how that is going to happen.
Without industry the citizens are faced with the taxes to make up for it and workers are making less also. Our educational system is bankrupt, our infrastructure falling apart because we don't have the money to fix it. Yet, everything is going to be ok? In standard of living, EDUCATION, money in savings, life expectancy, infant mortality rates, healthcare and on and on we ranked #1 when I was born we now rank as one of the lowest in the industrialized world. Yet, our country is getting better? How? where are the facts? Why are we falling behind and not setting standards like we used to?