Posted on 02/13/2008 2:11:40 PM PST by Ernest_at_the_Beach
I agree pretty much with him as to what caused the problem, and totally disagree on the solution.
It bothers me when snakes like Reisch spew their venom during an election cycle! This jackass has to remember that he was responsible for much of the last two decades of economic activity.
Wow, that is one fat ass buddha!
A larger earned-income tax credit”
The lower 3/4 are not really taxed to death but have had their wages frozen by cheap imported labor and massive losses in the industrial job market.
China works for $7.00 a day and illegals work for about 1/2 of legal wages.
At some point we need to decide if we want to make anything here. We no longer make T/v, flat screens,motherboards,hard drives,memory chips,capacitors,transistors, most home furnishings, almost all home appliances, light bulbs and ballast , steel, wire just to name a few things.
I would propose no taxes on any product that was manufactured with around 80% USA components. total protection from most lawsuits and no unions allowed. Give all environmental over-site to the state Governor.
This year is the first year China will be allowed to import autos. They are junk right now but Toyota has a 49% share of one of the companies and they will get much better.
Should we give up the auto industry too?
Oh gee whiz the great economic genius Robert Reich says we’ll be a third world country in a few years. Woe is us. (smirk)
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