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Originally posted by yellowcard
The United States is still the largest manufacturer of goods on the face of the earth...I don't know where someone got the idea that we don't make anything anymore.
Originally posted by dawnstar
hey we're number one when it comes to producing debt!!!
child production seems to be going strong also.....I hear that we can no mass produce them, 8 at a time!!
sorry, but, well.......what can I say, we do seem to do a great job at some things...
yes, we still produce things, both me and my husband produce products, or in my husband's case, the machines and tools needed to produce the products...
production workers just aren't that valued by society anymore though, so well, even if we managed to kick the old dusty production lines into full gear, well, many of the machinists have moved on, and no one wanted to take their place, and that goes along with many of the other skilled trades that composed "production". what can I say, who wants to go through the hassle of learning a trade that has wages that are deminishing over time when one can become a player in an investment bank and be a millionaire by 30?
oh, well, it's like that though, that which you neglect often seems to fade away.
Originally posted by Biosynth
of course they do boy. How about them all American Ford's=) to go with a juicy american style grilled steak. Steak and Mustangs. Hail America! =)
Originally posted by whoshotJR
The last thing I will leave you to ponder. And I will start by saying if its so bad here then please move to china. What do you think happens to the world when the US collapses and doesn't buy their products? I'm betting we will be far better off for production of goods then many of the other countries at that point. The world is linked and like it or not we start that chain.
Originally posted by marg6043
reply to post by yellowcard
Sure you are, too bad mine is old and dusty after all Is been 28 years already.
Good luck and I suggest you review the quality of education you are getting for your money.
Originally posted by Logarock
Originally posted by yellowcard
The United States is still the largest manufacturer of goods on the face of the earth...I don't know where someone got the idea that we don't make anything anymore.
That may be true but the average consumer/worker in the US buys most of his consumables from China these days. I can just look around the room I am in right now and see about 2/3 of the manufactured products are made outside the US.
Originally posted by ProfessorRusso
Corn. We make corn. And lots of it. Corn is pretty much in everything you eat and drink. High fructose corn syrup, anyone? Yes, even your sugar and sweeteners are made out of corn. Corn is the biggest agriculture industry in the world, and it's right here in our backyard.
U.S.-China economic ties have expanded substantially over the past several years. Total U.S.- China trade, which totaled only $5 billion in 1980, rose to $387 billion in 2007; China overtook Japan to become the third largest U.S. export market, and passed Canada to become the largest source of U.S. imports. With a huge population and a rapidly expanding economy, China is a potentially huge market for U.S. exporters. However, bilateral economic relations have become strained over a number of issues, including large and growing U.S. trade deficits with China ($256 billion in 2007 and projected to hit $267 billion in 2008), China’s failure to fully implement its World Trade Organization (WTO) commitments (especially in regards to protection of intellectual property
rights), its refusal to adopt a floating currency system, its use of industrial policies and other practices deemed unfair and/or harmful to various U.S. economic sectors, and failure to ensure that its exports to the United States meet U.S. health and safety standards.
The Bush Administration has come under increasing pressure from Congress to take a more aggressive stance against various Chinese economic and trade practices. In response, it filed a number of trade dispute resolution cases against China in the WTO, including China’s failure to protect IPR and afford market access for IPR-related products, discriminatory regulations on imported auto parts, and import and export subsidies to various industries in China. In addition, the Administration reversed a long-standing policy that countervailing cases (dealing with
government subsidies) could not be brought against non-market economies, and has initiated several countervailing cases against China. In response to growing concerns over the health, safety, and quality of certain Chinese products, the United States has attempted to boost
cooperation with Chinese health and safety agencies to improve China’s regulatory and enforcement regime.
Further complicating the economic relationship is China’s large holdings of U.S. debt, such as Treasury securities. In September 2008, China surpassed Japan to become the largest foreign holder of such securities. On the one hand, some analysts welcome China’s purchases of U.S.
debt securities (needed to help fund U.S. budget deficits), while others have expressed concerns that growing Chinese holdings of U.S. debt may increase China’s leverage over the United States. In December 2006, the Bush Administration began a “Strategic Economic Dialogue” (SED) with
China to discuss major long-term economic issues between the two countries; the latest SED talks were held on December 4-5, 2008. The two sides have discussed a number of issues, including China’s currency policy, the global financial crisis, environment and energy issues, and financial market reforms, and have announced several areas of joint cooperation. While some analysts consider the SED a useful dialogue, others have complained that it has yielded few concrete results on major trade disputes.
This report examines major U.S.-China trade issues and will be updated as events warrant.