This story is very telling of the situation we have gotten into because of our love of cheap prices and profit over quality, jobs and the economy in the USA. When we have more "Made In The USA" items, we then also have more middle class higher paying jobs which benefits all of us.
Why are we so forgiving and willing to look the other way while China continues to repress and abuse the people of China and threaten its neighbors? What happened to the "Red Menace" and Big Bad Communism?
Why are we willing to help China modernize and build up its military (which they are doing at an alarming rate because of our money going to them) while we still speak badly about Cuba and continue our embargo on them? China is a deffinate threat to the USA and the world while Cuba is only a threat to itself.
More below...
While we continue to cut taxes and raise military spending we have become one of the biggest (if not the biggest) debtor nations in the world. The biggest portion of our new debt (since gdub) is held by China with Saudi Arabia and India close behind. We have become a "borrow and spend" nation (don't want any of that evil "tax and spend" stuff) - hmmmm...
While we continue to want cheap prices and low wages we continue to bolster and build up communist China while we are slowly becoming a second or third world country. Many nations in the recent and distant past have become glimmers of what they once were because of a heavy emphasis on military might at any cost and a make more money at any cost by business and a heavy "Me" additude by the people.
read the story here...
http://news.yahoo.com/...
Kevin