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View Diary: Anemic job gains could dominate for years (119 comments)

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  •  What can consumers do about that? (2+ / 0-)
    Recommended by:
    papicek, iceweasel

    Oh, I know, I know teacher, quit buying cheap shit from Walmart?! Focus spending on sustainable purchases, or don't buy, period.

    •  An Idea: 'Made in America Coalition' of (2+ / 0-)
      Recommended by:
      papicek, divineorder
      manufactures who produce things in the US (with, say, 90% or more of US content) and markets them under that label. Things may cost somewhat more, but if those that can afford to pay a bit more make it a point to buy those products even if they cost more, eventually the brand would expand.

      At the system level, if I were helping make policies, I'd work along these lines.

      The US government needs to tell China that the US economy cannot sustain runaway trade deficits with them any longer, and hence that China should work with us to bring the trade into balance. Asking China to stop its currency manipulation being only a part of that discussion. They should be told to relax or even incentivize American products in sectors where Chinese customers want to buy them. Protection of trademarks and IP is another important area. A whole bunch of things are involved, and it's high time that they're all brought to the table to hammer out a way to bring China trade into balance as soon as possible.

      Overall, a trade policy of doing as balanced trade as possible with every country (considering both goods and services trade) out there (except for the really underdeveloped and very poor countries that we want to give some initial push to, to get them going on development and eventually be able to stand on their own feet) is a sustainable policy, which, combined with the structural advantages that the US enjoys (world's best universities that attract and train top talent from everywhere, US Dollar being the global exchange currency, strength in services and financial sectors, etc), would return the US economy into health and strength, and keep it there for a long time to come.

      India and America share a mutually beneficial trade and economic relationship.

      by iceweasel on Thu Oct 07, 2010 at 07:33:19 AM PDT

      [ Parent ]

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