"Doctor Artaud" wrote in message ...
You had to be there.

CNN interviewed the U.S. Ambassador to China, James Sasser, a former
Democratic senator. Of the trade imbalance, in no uncertain terms, Mr.
Sasser blatantly asserted that it makes good sense for American companies
to relocate their manufacturing to China, as this will greatly increase
their profits. (Notice that it doesn't translate into lower prices for
the consumer). He also went on to say that it's too bad for Americans
that the jobs are going to China, but what the heck, the Chinese are
certainly benefiting from it, as it is raising their standard of living.
He was actually arrogant about it, disregarding the host's questions
about the negative impact that unfair trade will have on the American
Economy.
================================================== ========================

From the same party, the now retired Texas senator
Jim Wright's famous quote----- "We only want to 'hep' you people",,
Uh Huh

Yes, they have thought it through. They know very well that it will lead to
economic disaster but they will have made their money by that time. As a CEO
of a major corporation making several million dollars a year, how many years
do you have to work before you get financially independent? After that, it
makes no difference to them. Someone once termed this as "bugger your
neighbor economics". This is a very appropriate term and is the motto of
most of corporate America. Although it is a lousy way to run a business, it
must be done or the business can't compete. The real problem is the economic
trade deals the government is making. Making deals such as "if you buy 200
thousand worth of goods from us, we will buy 200 billion worth of goods from
you is not good policy. In addition, most countries in the industrialized
world have import duties high enough that foreign imports are expensive to
buy. Not us. When I was a kid, imported goods were expensive. Consequently,
the majority of goods were American made. That has changed.


"Diverd4777" wrote in message
...

- No one in Corporate America ever thought that one through . . .