Posted by
GLASSER on Wednesday, December 13, 2006 12:16:31 AM
800 billion dollars. That is how much more America bought from other countries than she sold. 800 bilion dollars no longer circulating around America's banks, except what we borrowed back. And that isnot counting the 50 or so billion dollars illegal aliens sent back to their real homes. I'll go out on a limb and say it will be more this year. I wonder when the last time we received more money from other countries than we spent with them. I am not an economist, yet I don't believe we can keep this skyrocketing trade deficit up forever. People living in America, even if they do not consider themselves Americans, have to start spending some of their money with American owned and located buisnesses. Even if it is Ford and GM's own fault for becoming foreign owned, like Chrysler, I believe our economy is going to be wrecked when foreign companies own the few factories left in America.
We are going to depend on loans from China so much, our security is going to end up being compromised so our government can remain solvent. Money borrowed from China, which we gave them for some cheap products produced by slave labor, is paying the bills for the federal government now, and, frankly, I do not see how we are going to pay them back. The only thing we have that other countries can't make cheaper, legally, foreign pirate producers will make illegally. What is going to happen when China attacks Taiwan? We won't be able to do anything because of all the American factories that are going to be in China. All of the big corporations would belly up if (when) China takes their outsourced factories from them. Still, communist China eventually will confiscate said factories from the traitorous companies that moved their production lines over there. I reckon we won't have to pay all those treasury notes then. That, I do not believe, is an even trade. As many have said, instead of free trade, we need fair trade. It would not hurt to have some Americans more interested in the future of America than their bank balance or how trendy they seem to be. With the current trade imbalance, America cannot keep a higher standard of living than the countries they are competing with, in today's 'global' economy, in my opinion, such as it is. If we want to buy products from other countries, who do not buy much of anything from us, our standard of living will have to be lower than our "suppliers' "standards of living. Our economy is headed for a big crash and burn if we keep buying so many imports. But we won't keep buying so many imports, we will buy even more. As a friend told me, when I asked him why he does not worry that buying a foreign car hurt America's economy, "That is not my problem." Whose problem is it?
Instead of making the trade between US and Them be conducted fairly, the powers that be have opened our borders to anyone willing to work cheaper than Americans, who have to pay taxes, health insurance or their own doctor bills, and support the invaders' families, who live here in America, illegaly, but with the permission of our President, apparently. That does not seem like a wise long-term solution to the competition between American factories and factories in other countries. Sooner or later no one in America will have any money to buy American-made goods, especially with the penchant of the wealthy to buy imported products that cost even more than American products of equal quality. That is even more unfair to America. I don't know who cares less about our children and grandchildren, our government or us.