[claptrap]

Excellent sumation, perhaps the globalists could site
exactly who benefits from our uncertain relationship with the Chi-Coms! Of course they cant use the trade balance figures they are rather one sided! Maybe a handful of millionaire business owners ( who buy their politicans rather than vote for them ) might testify to the wonderful
relationship they have with prison/country named China and
how well they have done in todays robust economy! No I suspect the globalists will soon be downplaying their previous delight for this new found global lovefest once
they have realized how the chinese have undermined our currency stolen our intellectual property and devalued the
work performed here in the U.S.. Another problem the
globalists will soon face will be selling their inevitable
world government to us lowly pedestrian conservativesAlso notice the globalists market their global agenda with platitudes and generalizations because the real facts and figures would show that the income generated by overseas
production stays overseas and encourages manufacturing
investment in places where forced labor is plentiful!

[WilliamofCarmichael]

RE: the real facts and figures would show that the income generated by overseas production stays overseas and encourages manufacturing investment in places where forced labor is plentiful!

I remember a couple of years ago reading in the San Jose paper that silicon valley companies were trying desperately to get the Bush administration to let them 'repatriate' 80 billion (don't remember exactly). I guess the President said no and it just keeps on accumulatin' over there and the execs are still trying.

http://www.internetnews.com/bus-news/article.php/3321511

March 4, 2004, "Tech Execs Work Washington for Tax Help," By Roy Mark

Well, TechNet, "the 150-member exclusive network of CEOs and senior partners founded four years ago," is trying to make it all possible.

To wit, "Another key element of the TechNet platform is to build support for its two-year-old proposal to reduce the tax on foreign dividends from 35 percent to 5.25 percent for one year. Citing a J.P. Morgan study, Hock says the initiative would 'repatriate' more than $300 billion into the U.S. economy and create as many as a half million new jobs." [end excerpt]

300 billion dollars. Wow, that's almost as much as Morgan-Standley's Stephen Roach's estimate of 350 billion dollars a year we lose because offshoring just may be the chief reason that this recovery is not performing as classic recoveries performed in the past, in terms of creating jobs, and we are about seven or eight percent low on jobs.

But, hey! you can't git no catchy globalist platitudes out of figures like those.