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Old 11-15-10, 03:52 PM   #27
tater
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Join Date: Mar 2007
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We know we have a trade imbalance with China, that's no surprise. China can be a large manufacturer, and China can be a large economy, but their per capita income is weak. They can't afford American products. The US still makes more stuff than china (in dollars), but it, like the chinese stuff, is bought by americans.

If the cost of mfg in the US is so high that Americans can't afford it, and it's cheaper to make something halfway around the world and ship it here, then there is no way US stuff will be a mass market product someplace with a fraction of the disposable income per household. Not to mention the trade imbalance is basically what China loans us for our insane spending.

Step one to fixing the problem is to stop gov from spending the way it does.

What can we do? "Hey, China, you bastards! We'll show you, we're gonna massively increase tariffs on your goods! BTW, on your way out, please remember to stop and buy some T-bills! Thanks, come again!"
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