Ping of interest.
“The latter approach inevitably has helped boost the U.S. trade deficit to already dangerous levels because it involves countries too poor to become consumers of U.S.-made goods but able to become producers of goods destined for the U.S. market.”
The above quote is valid but it misses the larger mark that countries like China use slave labor.
I produce a product with automation. The Chinese can make the product by hand and offer it at half the price. If we tried to make it by hand, our price would be 10 times theirs.
My wife and I see the prices of Chinese products and just can’t believe its possible even with slave labor and free transcontinental shipping to sell the stuff so cheap. I fear something is going on thats far more sinister than we realize.
read later
Bump for a later read. From what I’ve heard so far...not good.
Here’s just some interesting tidbits on the election:
http://seattlepi.nwsource.com/national/1131AP_Children_Glance.html
Presidential candidates’ children
By THE ASSOCIATED PRESS
A look of the children of the 2008 presidential candidates:
DEMOCRATS:
-Delaware Sen. Joe Biden: Sons Beau, 38, and Hunter, 36, and daughter Ashley, 25. An infant daughter, Naomi, died in an auto accident in 1972, along with Biden’s first wife, Neilia.
-New York Sen. Hillary Rodham Clinton: Daughter Chelsea, 27.
-Connecticut Sen. Chris Dodd: Daughters Grace, 5, and Christina, 2.
-Former North Carolina Sen. John Edwards: Daughters Cate, 25, and Emma Claire, 9, and son Jack, 6. Another son, Wade, died in an auto accident in 1996 at age 16.
-Ohio Rep. Dennis Kucinich: Daughter Jackie, 24.
-Illinois Sen. Barack Obama: Daughters Malia, 8, and Sasha, 5.
-New Mexico Gov. Bill Richardson: No children.
REPUBLICANS:
-Kansas Sen. Sam Brownback: Sons Andy, 19, and Mark, 9. Daughters Abby, 20; Elizabeth, 17; and Jenna, 9.
-Former Virginia Gov. Jim Gilmore: Sons Jay, 23, and Ashton, 19.
-Former New York City Mayor Rudy Giuliani: Son Andrew, 21, and daughter Caroline, 18.
-Former Arkansas Gov. Mike Huckabee: Sons John Mark, 30, and David, 27, and daughter Sarah, 24.
-California Rep. Duncan Hunter: Sons Duncan, 30, and Sam, 24.
-Arizona Sen. John McCain: Sons Doug, 47; Andy, 45; Jack, 21; and James, 18. Daughters Sidney, 40; Meghan, 22; and Bridget, 16.
-Former Massachusetts Gov. Mitt Romney: Sons Tagg, 37; Matt, 35; Josh, 31; Ben, 28; and Craig, 25.
-Colorado Rep. Tom Tancredo: Sons Ray 40, and Randy, 36.
-Former Wisconsin Gov. Tommy Thompson: Daughters Kelli 36, and Tommi, 35, and son Jason, 31.
The primary purpose of GATT and other trade agreements is to protect American Corporations’ private property rights in other countries.