scoutjumper
Active Member
Why is China's economy growing so good and ours is lagging along? http://apnews.myway.com/article/20100121/D9DC3L701.html
They`re doing so well because WE are funding that growth with our repeated borrowing money to cover our dept. Think of the as a Chinese version of a paycheck loan business. Just hope they don`t come to collect.
one last thing. they are a consumer nation, but not near the level of other countries.
they export a lot of what they produce, bringing in tons of money from over seas. a lot of our money ends up overseas. we dont export near what we used to, ceptin jobs. we seem to have a national need to export jobs overseas. especially in manufacturing.
d
And we keep buying all their cheep junk. Look at how many things that we buy that turn out to be poison(dog food), painted with lead and now I am hearing about "Chinese Drywall" what the heck is that?
These are the things they have been caught doing, I wonder how many tainted products have gotten into this country that have not been caught.
I always buy American if I can, even if the price is more and I never buy anything from Walmart.
Some financial analysts say China is inflating numbers and when the truth comes out you will see an economic crash that will be nothing short of devastating and far reaching.
First of all, statistics coming out of China should be taken with a grain of salt. Secondly, and more importantly, China is an emerging market. The US market is a mature one where growth has stabilized.Why is China's economy growing so good and ours is lagging along? http://apnews.myway.com/article/20100121/D9DC3L701.html
This, all of this.because they dont have a 12 trillion dollar debt
because they are not trying to even bump that number up
because they are not raising taxes on everybody to grow their government
because they are pretty much debt free.
its easy to grow a business that has no or little debt. but one that his way over what they can afford to pay back is another issue.
they also do not have a unionized workforce, unionized government etc etc etc
and they shoot people that break the law, especially corrupt government employees.
you pick
d