Hey Rush, did you predict that shipping our economy to China would reduce our economy here?
No Borders Michael Medved routinely says that we have just as much manufacturing now as we ever did. We need to find out what flavor koolaid he’s drinking.
Actually Rush did indeed explain, back in the 90’s, that buying production from China would set us back. He talked at great length about how Walmart’s shift to chinese-made would initially hold down inflation-—and it did. For my own part I’ve pointed out since the mid 70’s that hand labor was going overseas and that we had to modernize heavy industry and high speed manufacturing to hold our place in the world economy. The weak spot in it all is that US folks are far too happy to buy cheapass foreign krap.
My oldest bumper sticker says: “Hungry, out of work-—eat your import”.
Reports surfacing that the Chinese economy is shrinking and close to it's own bubble collapse. How ironic.
Our leaders have been and are now freakin traitors to their country.