Neither one will work for us. Romney will have more motivation to throw a few crumbs our way because he will want to be reelected, but they both know who the real masters are. Did you notice how the Federal Reserve and QE 1, 2 and 3 didn't come up at the debate? That is the largest threat to the United States that exists today and it didn't even come up.
Greece is nothing. It has roughly 1/7th of California's total GDP. We still lead the world in manufacturing but you would think that we are behind Rwanda the way people talk. When we fall off the edge, so will the world. China is preparing for just that, and it may come soon as the administration has decided to get tough on China's unfair trade policies in regard to solar panels of all things. Oh well, I guess its a start.
The getting tough on China I hope is only campaign posturing, if a full blown world wide trade war starts, it will be a lot worse than the original Great Depression.
Thomas Sowell: There are no solutions, just trade-offs.
Nothing would bring our jobs home faster. We need to stand up to China and not just roll over and show our belly iof we want to have any chance of pulling out of these doldrums. I'm not talking full blown trade war, but the threat is necessary. Same concept as nuke war - mutually assured destruction.
Totally disagree. If China decides to stop shipping IC's to us, my manufacturing plant would be shut down. LCD's? Bare circuit boards? And I am not nearly as dependent on China as my big volume manufacturing competition.
Economies are much more interdependent now than they were in the 1930's.
Thomas Sowell: There are no solutions, just trade-offs.
I thought that was what "competition" was for?... To keep single-sourcing (read: monopoly) from exerting control over business and fixing prices? (I mean, it's worked so well in the health care industry...defense contracting...security firms like Blackwater...support services like Halliburton...) Maybe it's time to look for other suppliers?
Democracy4Sale wrote: I thought that was what "competition" was for?... To keep single-sourcing (read: monopoly) from exerting control over business and fixing prices? (I mean, it's worked so well in the health care industry...defense contracting...security firms like Blackwater...support services like Halliburton...) Maybe it's time to look for other suppliers?
Yes, exactly. Maybe TI wouldn't be sending an entire plant to China for the slave labor rates if we had enough penalties in place to keep the manufacturing in Texas.