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Buyout Q&A, Jan.22nd Update
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<blockquote data-quote="MrFedEx" data-source="post: 1088849" data-attributes="member: 12508"><p>The trade deficit with China is extreme. That's so you and Aunt Irma can go down to WallyWorld and buy your Chinese-made crap cheap, made with WalMart-driven cheap Chinese labor. Our planes leave there full, and return mostly empty, as do container ships. The Chinese government is well-known for currency manipulation, which furthers their advantage.</p><p></p><p>Cheap Chinese goods are a defacto "discount" to most US consumers, because they are able to buy more for less. The trade-off, is that nearly all the products that used to be manufactured here by relatively well-paid US workers, are now produced <strong>there. </strong>Shoes, clothing, electronics...the list goes on and on.</p><p></p><p>As long as you and Aunt Irma are happy, I'm happy too.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 1088849, member: 12508"] The trade deficit with China is extreme. That's so you and Aunt Irma can go down to WallyWorld and buy your Chinese-made crap cheap, made with WalMart-driven cheap Chinese labor. Our planes leave there full, and return mostly empty, as do container ships. The Chinese government is well-known for currency manipulation, which furthers their advantage. Cheap Chinese goods are a defacto "discount" to most US consumers, because they are able to buy more for less. The trade-off, is that nearly all the products that used to be manufactured here by relatively well-paid US workers, are now produced [B]there. [/B]Shoes, clothing, electronics...the list goes on and on. As long as you and Aunt Irma are happy, I'm happy too. [/QUOTE]
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