SUBSIM Radio Room Forums - 3 misconceptions about the US that need to die

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mookiemookie

11-05-11 07:39 AM

3 misconceptions about the US that need to die

Quote:

At a conference in Philadelphia earlier this month, a Wharton professor noted that one of the country's biggest economic problems is a tsunami of misinformation. You can't have a rational debate when facts are so easily supplanted by overreaching statements, broad generalizations, and misconceptions. And if you can't have a rational debate, how does anything important get done? As author William Feather once advised, "Beware of the person who can't be bothered by details." There seems to be no shortage of those people lately.

I was surprised by some of this.

http://www.fool.com/investing/genera...ed-to-die.aspx

CaptainMattJ.

11-05-11 01:30 PM

ive never heard these before.

the whole thing about most of the MONEY we spend is on chinese goods is backwards. What people complain about is how an extreme majority of most of the non-food items are made in China, or taiwan, or somewhere around the world, and its of a degraded quality at the same price. not that we "spend most money on chinese goods".

We spend the majority of our cash on basic living essentials. Food, utilities, home, car, gas, insurance, various medical or other bills. But the rest of what we buy in non-essential goods that, as people have noticed, are largely made in china. Especially plastic and smaller stuff, such as plastic containers or pens, pencils ect. And people are sick of the poor quality of the items compared to the price. It also means that manufacturing has significantly dropped in America, along with its employees and value in terms of trading.

i dont think ive heard "most oil comes from Iraq" or "China holds most of our debt" before. i dont think its a very popular misconception.

Platapus

11-05-11 01:37 PM

Quote:

Originally Posted by CaptainMattJ. (Post 1781327)

i dont think ive heard "most oil comes from Iraq" or "China holds most of our debt" before. i dont think its a very popular misconception.

I don't know about that. Reading forums on the Internets Tubes and listening to some politician's yappings, I think that in some circles these are popular misconceptions.

I agree that "oil from Iraq" is not a popular one, but the expansion that we get our oil from countries that don't like/hate us is common in some circles.

Tchocky

11-05-11 01:42 PM

Quote:

Originally Posted by Platapus (Post 1781340)

the expansion that we get our oil from countries that don't like/hate us is common in some circles.

Well you do get half of it from youselves :D

Platapus

11-05-11 01:52 PM

Quote:

Originally Posted by Tchocky (Post 1781346)

Well you do get half of it from youselves :D

You are right! We have to do something about that. We need to invade and force ourselves to sell ourselves our own oil at a price that is good for us.

Brilliant! :yeah:

mookiemookie

11-05-11 03:49 PM

Quote:

Originally Posted by Platapus (Post 1781355)

You are right! We have to do something about that. We need to invade and force ourselves to sell ourselves our own oil at a price that is good for us.

Brilliant! :yeah:

The USA should invade the USA and win the hearts and minds of the population by building roads, bridges and putting locals to work.

Bubblehead1980

11-05-11 03:57 PM

very interesting and some of it did surprise me.However, some of it is alarming, China holding that much debt is scary as well as how much oil we import from anywhere.

Buddahaid

11-05-11 04:09 PM

I know about the oil use. That's why we only need to conserve 10% to be free of foreign oil. Drive cars that have 10% better gas mileage would really help.

Platapus

11-05-11 04:57 PM

Quote:

Originally Posted by Bubblehead1980 (Post 1781533)

very interesting and some of it did surprise me.However, some of it is alarming, China holding that much debt is scary as well as how much oil we import from anywhere.

Why is China holding that debt any different than any other country holding that debt?

JU_88

11-05-11 06:30 PM

The only thing i find alarming is just how much debt the US has.
The US gov borrows 42c of each dollar it spends!

TarJak

11-05-11 08:23 PM

Quote:

Originally Posted by Buddahaid (Post 1781543)

I know about the oil use. That's why we only need to conserve 10% to be free of foreign oil. Drive cars that have 10% better gas mileage would really help.

Hey you could buy them from China.:D