Re: US Deficit a threat to the world economy IMF

[Matthew Small]

Yuo're speaking from what pespective here, Larry?  I'm speaking as a person who lives down here in the US South where manufacturing jobs are disappearing at an astonishing rate.  Just yesterday there was a another notice of a plant closing.  We've had about 5 democratic presidental candidates visit Georgetown, SC, a small city just to the south of Myrtle Beach that lost its 40 year old Steel Mill last month. Plants all over NC and SC are gone.

While I don't think that manufacturing jobs are the key to a propersous future for the US, these are jobs that lower-educated American citizens need to stay afloat.  I don't believe that everyone is capable of becoming educated enough to survive in an information society.  

- Matt Small

----- Original Message -----
  From: Larry C. Lyons
  To: CF-Community
  Sent: Thursday, January 08, 2004 12:16 PM
  Subject: Re: US Deficit a threat to the world economy IMF

  At 11:28 AM 1/8/2004, you wrote:
  >I will also say that I think that NAFTA (A Clinton and Republican joint
  >effort) is a miserable failure for those people on the low end of the
  >financial spectrum.  Ross Perot got it right when he said: "That loud
  >whooshing noise is coming from Mexico sucking up all of our manufacturing
  >jobs."

  \NAFTA did show some benefits. look at the employment and economic growth
  figures of Canada. Originally critics accused the current Canadian
  government who signed the agreement with caving into US demands. It would
  appear that the Canadians managed to outfox both Mexico and the US.

  larry

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