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.
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A popular Government without popular information nor the means of acquiring it, is but a Prologue to a Farce or a Tragedy or perhaps both. Knowledge will forever govern ignorance, and a people who mean to be their own Governors must arm themselves with the power knowledge gives
- James Madison
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