Poll on the current account deficit and outsourcing

[glenn1]

Quick poll of the economic leanings of ATPN.

 

[Whoozyerdaddy]

You forgot "Reduce, Don't Care, Support" as an option in your final poll question.

 

[EatSpam]

Nothing wrong with going for a zero trade deficit and ensuring that Americans have middle class jobs worth getting educated for...

 

[Cerb]

Originally posted by: EatSpam
Nothing wrong with going for a zero trade deficit and ensuring that Americans have middle class jobs worth getting educated for...

Stop talking sense! Now!

Not worried about the trade deficit, really.

Outsourcing is fine, as long as it does not mean completely relying on others for your work, as we've been doing for manufacturing. That is, if China stopped products shipping here, we'd be f***ed. This is bad.

I'm fine with foreign companies manufacturing here. Why not?

Last poll question: Whoozyerdaddy's preferred non-existent option.

 

[Zebo]

It's not black and white so I really could'nt answer in the current form.

"What are your feelings on the U.S. current account deficit? " There's no such thing. It's balanced. We give them our cash/equity for trinkets - they MUST give that money back to us - and it comes back in the form of either purchasing assets like IBM's computer divison recently, land, stocks or instruments of debt - personel and governmental. Of course it's a problem - we are getting poorer while they get richer. It will be a cold day in hell before china buys something americans make other than weaons systems which we won't sell them so they steal it anyway.

"what are your feelings on outsourcing?" Outsource all you want to England, Japan, Germany, Sweden or any other free democratic nation. Don't allow outsourcing where they bust heads or labor & police states like china. Only gives their government more power more legitamcy to never change. Indonesia recently busted heads of Nike stikers where children were working in delorable and dangerous conditions. Funny my SHOX still cost $100 with that kind of practice. You could prolly make them in USA, like Newbalance and pay $35 an hour and still sell cheaper. It's very bad policy IMO to setup a global wage arbitrage since there will always be more labor than capital it's a race to the bottom both in wages and the rights the people earning those wages will be allowed to have.

As far as the companies investments same answer as above.