The Mudcat Café TM
Thread #86684   Message #1613611
Posted By: leftydee
25-Nov-05 - 12:01 PM
Thread Name: BS: I think the Chinese are eating my lunch
Subject: BS: I think the Chinese are eating my lunch
Or maybe Walmart is giving it to them. I'm starting to get concerned about the amount of unbalanced trade between the U.S and China. The Chinese are holding a big bunch of our notes, making record sales, building infrastucture and generally sucking the life out of our economy.

I have no problem with open trade agreements that would allow Chinese (any foreign, actually)goods to be in our markets.What I strenuosly object to is U.S. manufacturers sending their product or components of their products offshore to be made cheaply and then brought back to the U.S. for sale. This eliminates jobs and incomes here at home. It serves only the short term greed of owners and shareholders of U.S. companies. Eventually, the bubble will burst as american wage earners simply have no more wages to spend.

I believe it's time for americans to protect themselves by slowing down their purchases of foreign goods. The Chinese are enjoying their huge profits with an enormous arms build up in recent years. Low prices are nice, but at what cost?