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quote:Originally posted by gary wray
Actually years away, but if we keep on this path of nogrowth economy under this incompetent POTUS and his LIB followers, in several years China MIGHT overtake us. But China is faced with terrible problems....like their own housing bubble which has the potential to dwarf ours, an aging population with no SS net to catch them, a slowing economy, terrible air and water pollution issues....just to name four. And their economy is slowing but no where near our lousy growth rate under this POTUS we are stuck with for almost three long years. The point is we need to get a new Senate in 2014 and then a new more conservative POTUS in 2016 who will come in, lower taxes, cut gov't spending, and stop excessive regulations to jumpstart our economy. That happens and China's GDP is (again) in our rear view mirror.
I still dont think gauging China as measuring stick whether they are in front of us or behind us really matters to exten. But as you said I wouldnt worry about China as much as some think. China has some storm clouds brewing. China everyday is slipping from communism to socialism which they are probably there already and are getting even closer to having some capitalistic tendencys. Which the major problem with that is they are going to have labor unrest at some point, of which signs of it are already starting. Once the population starts receving fair wages and such they will take a step back from being the factory of the world.
Also China is going to have a population problem of not having enough people, yes I said that right. The issue is the years of the one child rule has actually shot them in the foot, now they do not have enough people to support the infastructure.
Good! Let the Chinese send their aircraft, tanks, and young men to the Middle East to fight for Israel. Let them fund and supply their chosen side in Europe's wars for awhile. We can use a respite.
Exactly I remember when the Electrolux plant moved to Mexico one of the employees was quoted as saying "I hope those Mexicans buy teh vacuum cause Americans can't anymore!
But as I noted 1.35 billion people over there are starting to buy things instead of just living subsistence when their econmy really picks up along with the other bloated population thrid world coountries we should be able to make a fortune selling them things we are good at and they no longer want to do.
I've heard a few outsourced products are already coming back due to higher overseas manufactering costs and shipping added in with fuel costs makes it no longer as viable to outsource.
quote:Originally posted by Smitty500mag
Just wait until all these companies that went to China and other parts of the world in order to get cheap labor finally figure out in a few more years that they can't sell what they're making because the people in America went broke and can't afford to buy it any longer. Who are they going to sell those cars and computers to then?...3rd world countries where people are still living in one room huts with no electricity? Yeah right!
Why don't we go to school and work on the weekends and take the week off!
quote:Originally posted by footlong
Vik...The RISE of WalMart EXACTLY followed the FALL of American manufacturing.. 0le Sam was a hypocrite ...Preaching ''Buy American''while selling Chinese goods by the boat load...ALL the American textile jobs were lost because of him and his KIND.
That's like blaming the gun for gun crime. Sam never forced anyone to buy anything at his stores. If you want to blame anyone blame the people that shop there.
Comments
Actually years away, but if we keep on this path of nogrowth economy under this incompetent POTUS and his LIB followers, in several years China MIGHT overtake us. But China is faced with terrible problems....like their own housing bubble which has the potential to dwarf ours, an aging population with no SS net to catch them, a slowing economy, terrible air and water pollution issues....just to name four. And their economy is slowing but no where near our lousy growth rate under this POTUS we are stuck with for almost three long years. The point is we need to get a new Senate in 2014 and then a new more conservative POTUS in 2016 who will come in, lower taxes, cut gov't spending, and stop excessive regulations to jumpstart our economy. That happens and China's GDP is (again) in our rear view mirror.
I still dont think gauging China as measuring stick whether they are in front of us or behind us really matters to exten. But as you said I wouldnt worry about China as much as some think. China has some storm clouds brewing. China everyday is slipping from communism to socialism which they are probably there already and are getting even closer to having some capitalistic tendencys. Which the major problem with that is they are going to have labor unrest at some point, of which signs of it are already starting. Once the population starts receving fair wages and such they will take a step back from being the factory of the world.
Also China is going to have a population problem of not having enough people, yes I said that right. The issue is the years of the one child rule has actually shot them in the foot, now they do not have enough people to support the infastructure.
But as I noted 1.35 billion people over there are starting to buy things instead of just living subsistence when their econmy really picks up along with the other bloated population thrid world coountries we should be able to make a fortune selling them things we are good at and they no longer want to do.
I've heard a few outsourced products are already coming back due to higher overseas manufactering costs and shipping added in with fuel costs makes it no longer as viable to outsource.
quote:Originally posted by Smitty500mag
Just wait until all these companies that went to China and other parts of the world in order to get cheap labor finally figure out in a few more years that they can't sell what they're making because the people in America went broke and can't afford to buy it any longer. Who are they going to sell those cars and computers to then?...3rd world countries where people are still living in one room huts with no electricity? Yeah right!
Vik...The RISE of WalMart EXACTLY followed the FALL of American manufacturing.. 0le Sam was a hypocrite ...Preaching ''Buy American''while selling Chinese goods by the boat load...ALL the American textile jobs were lost because of him and his KIND.
That's like blaming the gun for gun crime. Sam never forced anyone to buy anything at his stores. If you want to blame anyone blame the people that shop there.