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- Sep 27, 2008
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This is a very large and important issue with many points of view. I'd like to add some interesting "facts" that should be considered;
1. Size and money. America is too large to be a successful trading only nation. A smaller country like Netherlands can support the entire country by trading, but 350 million people cannot all trade. We MUST build product in America, we MUST grow food in America.
2. Global market and money. The concept of a Global market is skewed in that it is not an even playing field. An artificial currency valuation constantly changes the "global Market". 20 years ago, Japan was great value because the Yen was weak. Now the Yen is strong and the Chinese Yuan is weak. A US dollar is worth far more when it crosses the border into China. The US dollar is worth less when crossing the border into Europe or Japan. That's why there is so much deviation in the price of knives made in different places.
3. Import and money. The average US company having product made in China will generally make more profit selling that product in America than their Chinese partners make. If those funds are used to strengthen our manufacturing/food growing base, then it's an asset. If those funds are just undermining our Mfg/food gr base, then it will cause future problems.
4. Buying power and money. Continual lowering of wages in the US makes it more difficult for American workers to afford American products. We really need to focus on not only creating jobs, but they must be good paying jobs if we expect those workers to "buy American".
Just some thoughts to share.
sal
And I'll add another "fact" to that.
Too many companies are sending jobs overseas, when they could be creating them here.
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