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Last time I heard the US owes nearly 1 trillion to the Chinese. Most everything we buy today is made in China. Most Chinese strongly prefer to buy only Chinese-made goods.
So let me re-word this. We put most of our manufacturing income into China. They put most of their income back into Chinese goods. We have a huge trade deficit. So instead of selling more things that WE manufacture, we borrow money from the same people who we just gave our money to make the things we need money to buy.
Does that sound stupid to anybody else??? All to save a few pennies because Chinese labor is cheaper? I mean seriously, somehow Craftsman can manage to manufacture tools in the USA and sell them for about the same as a cheap Wal-Mart Chinese-made tool, but yet 99% of people seem to buy the slightly cheaper tool, which was engineered with planned obsolescence so that it'd wear out within a year or two instead of buying something made in America which pays both American factory workers and executives. I mean to me it seems like a win-win!
I am totally not against free trade. I just feel like this has gotten out of hand. Oh well, I'm preaching to the choir on a Camaro website, but most people are too apathetic to care about the obvious trade issues we have that are driving our country deeper and deeper into debt.
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