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#28
November 25th 08, 01:36 PM
posted to rec.radio.shortwave,alt.religion.christian,alt.fan.rush-limbaugh,alt.politics.republicans,alt.news-media
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A Brave New America
Brenda Ann wrote: I'm not sure it would hurt China at all. It's most likely a calculated bet on their part: if we default, and they stop supplying us with cheap consumer goods, we lose. We have no manufacturing base to replace them, and it would take a sizable part of our GDP to rebuild them, along with likely a decade or more, during which we would have to simply do without much of what we now take for granted in our daily lives. China takes over the place we formerly held as the world's leading economy. If we ever pay off all the debt, China still wins, because they will have all those trillions going directly into their economy. "Outsourcing is GOOD for this country" -- George W. Bush Heck of a job, Georgie! |
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