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I can understand and agree with much of what you state RoccoR. But, America is STILL the largest manufacturing nation on the planet. Yes, we have lost much in manufacturing. This is due to a number of factors including improvements in technology and burdensome costs and regulations imposed by an omnipresent federal government forcing big business to find friendlier locales.And, before you jump off the cliff realize that Chinese imports to America is very small in relation to the entire economy. According to Mish's calculations Chinese imports only make up about 3% of total US spending.http://globaleconomicanalysis.blogspot.com/2011/08/made-in-china-only-27-of-us-spending.html
I can understand and agree with much of what you state RoccoR.
But, America is STILL the largest manufacturing nation on the planet. Yes, we have lost much in manufacturing. This is due to a number of factors including improvements in technology and burdensome costs and regulations imposed by an omnipresent federal government forcing big business to find friendlier locales.
And, before you jump off the cliff realize that Chinese imports to America is very small in relation to the entire economy. According to Mish's calculations Chinese imports only make up about 3% of total US spending.
http://globaleconomicanalysis.blogspot.com/2011/08/made-in-china-only-27-of-us-spending.html