You can't think this way leland and the reason why is sooner or later, china is going to clamp down hard on all foreign companies in china and take them over by the state and use whatever techology we have transferred over there against us. Same thing will happen in other countries.
I know you say it won't happen, but I'm betting it is just a matter of time We will then have no infrastructure, no money to build any factories and a whole generation of people that will say you through us under the bus, now it is your turn. I am taking a holistic view. The reason we were able to support countries all over the world is because of the American consumer making more and more money every year. Now that trend has reversed, who do you think is going to take care of us when we are unable to do so ourselves. Its like a rich family with somebody that is in bad health, etc.. Having the resources, they can do many things. But if it was a poor family in similar conditions, they would not be able to take care of themselves, let alone others. This is the direction america is headed. The economy today is global, so we need to think of it in those term, > rather than thinking in terms of a USA economy only. I haven't run the > numbers, but I suspect skilled labor in the USA is paid on average 3 or > 4 time the world average per hour. This mean American companies have to > be very efficient in using technology and mass production to be able to > compete internationally, and in certain instances, companies in the USA > must hire the lowest per hour labor available, which means hiring labor > outside the USA. > > If USA labor demand too high an hourly wage, it might bankrupt a company > and put everybody out of work, or motivate companies to begin moving > plant and equipment to other countries that have more favorable hourly > labor rates. Then the USA loses not only the jobs, but the capital > investment in land, plant, and equipmkent moves oversea as well. > Certainly this situation would not be in the best interest of USA labor. > > My fear is the Obama Administration might go to far in protectionism. > > > >> Bob is wrong on one thing as it is not the president, it is the >> corporations, made up of people like you and me that are doing this to >> ourselves.. >> >> Use your brain and THINK. >> >> > Your view of economic is somewhat simplistic and narrow, (eg sending job > overseas is the source of all economic evil). You need to take a more > holistic view. > > Regards, > > LelandJ > > >> On 3/27/2010 11:51 AM, Leland F. Jackson, CPA wrote: >> >> >>> On 03/26/2010 08:25 PM, Publius Maximus wrote: >>> >>> >>> >>>> CBO report: Debt will rise to 90% of GDP: >>>> >>>> http://bit.ly/ceUMSV >>>> >>>> then >>>> >>>> Supply fears start to hit Treasuries >>>> >>>> http://bit.ly/beCex4 >>>> >>>> - - - >>>> >>>> I was going to say, jokingly, that Obama proves the proverb which says >>>> "Once you go black, you don't go back," but actually, in his case that >>>> is only half true. The whole truth about him is that "Once you go Red, >>>> you're economy will be dead." >>>> >>>> Seriously, how do Obama's deficit spending policies, which in the >>>> best-case scenario make Bush's absolute worst budget look like a case >>>> study in fiscal Scroogery, make any sense whatsoever, outside of a >>>> determined goal of destroying the US economic and political system? >>>> >>>> >>>> >>>> >>> Contrary to your claim that President Obama is destroying the USA >>> economy, he should be praised for taking action needed to avoid a great >>> depression, like the one that occurred after the crash of the 1930s. As >>> shaky as the economy is in the USA, things are worse in eastern Europe, >>> including Britain, and countries that have standardized on the euro >>> can't deficit spend of reduce their debt by inflating their currency, >>> (eg Greece which is bankrupt), so all and all, President Obama did an >>> outstanding job of bringing the USA economy back towards normal from a >>> world wide economic crisis. Only Asian countries, couturiers rich in >>> natural resources like oil and gas, and China seem to have avoided the >>> financial meltdown and ensuring worst economic challenges since the >>> great depression. >>> >>> >>> >>> >>>> And I won't even mention the vast expansion of IRS power under >>>> ObamaCare to rummage through private bank accounts, or force private >>>> citizens under penalty of prison to purchase a product they may/may >>>> not want or need. For that matter, I won't even mention that he >>>> continues with the same rendition, Patriot Act, and Guantanamo >>>> policies that had certain folks of sensitive disposition in this >>>> august forum in full-throated conspiratorial dictatorship alert, not >>>> too many moons ago. >>>> >>>> >>>> >>>> >>> Your showing your paranoid side, Bob. You really should see someone >>> about meds. LOL >>> >>> >>> >>> >>>> How in the world can anyone, on any basis, justify what Obama is doing? >>>> >>>> >>>> >>>> >>> - Publius >>> >>> >>> >>>> >>>> >>> >>> [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
