A deep-think piece by Robert Samuelson on the unknowable future of China.
The also need oil – LOTS OF OIL.
And in another decade, I read, lots of single young men and not enough women.
Thank you Bubba and Lorac.
LORAL – Lorac’s my lipstick.
–It’s one reason the Bush administration has pressed China and other Asian countries to revalue their currencies and make their exports more expensive. –
A new report from the National Association of Manufacturers and the Manufacturing Alliance (MAPI) found that much of the manufacturing sector’s problems are not due to unfair actions by our trading partners, but are self-imposed. It notes that we have higher corporate taxes, higher pollution abatement costs, and higher tort liability costs than our key competitors. Overall manufacturing costs are 22.4 percent higher in the U.S. as a result of such self-imposed costs, reducing our competitiveness and contributing to the trade deficit.
Until we get tort reform, we’re going to stagnate. It not only helps business, but health care costs. It doesn’t help ATLA and our elected officials, but I can live w/that.
It’s not the key, but at least we’re heading the right way.
Latest new is Venesula will deal with China to sell our (USA) oil to them since they will pay a premium to cover excess shipping costs. When that happens, our gas prices will jump again.
We will be forced to look for other supplies, including Alaska that should be reserved for 2020!