In the following recent post, http://lists.goanet.org/pipermail/goanet-goanet.org/2009-February/173442.html, Mervyn Lobo wrote:
"The US today is a service based economy. It is almost impossible to stimulate the local economy by ordering goods produced in another country. The country manufacturing the goods provides employment for its residents and the country consuming the goods keeps sending the producers their wealth." Mario responds: These comments were apparently made seriously and addressed to Marlon Menezes, who knows better, but frequently chooses to let misrepresentations stand uncorrected when written by one of his cronies. The assertion quoted above is popp....., ...er, not true, as shown below. I wonder how these myths get started and then gain currency in public forums? Repeated often enough they begin to sound true. Fortunately, Goanet has someone like myself who represents truth, reason and peace:-)) Here are the facts: http://www.iht.com/articles/2009/02/20/business/wbmake.php Excerpt: ... manufacturing in the United States is not dead or even dying. It is moving upscale, following the biggest profits and becoming more efficient, just as Henry Ford did when he created the assembly line to make the Model T car. The United States remains by far the world's leading manufacturer by value of goods produced. It hit a record $1.6 trillion in 2007 - nearly double the $811 billion of 1987. For every $1 of value produced in China factories, the United States generates $2.50. [end of excerpt]
