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To: Toddsterpatriot

You wrote:
“Not at all good for our middle/working classes.
Because our middle/working classes don’t benefit from inexpensive imports. Got it.”
____________________

Middle/working classes do benefit from inexpensive imports when they have income to buy those imports. Once they are out of work, they can no longer buy even the inexpensive imports. During the Great Depression, prices of everything plummeted, but few people could take advantage of that.


548 posted on 10/05/2007 9:35:07 PM PDT by BuckeyeForever
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To: BuckeyeForever
Middle/working classes do benefit from inexpensive imports when they have income to buy those imports.

Excellent.

Once they are out of work, they can no longer buy even the inexpensive imports.

I know, 4.7% unemployment rate and rising wages. Terrible.

550 posted on 10/05/2007 10:09:55 PM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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