A friend just emailed me a link to an article stating that the beloved "Vise-Grip" is ceasing production in Nebraska and going - guess where... Funny huh? Yeah, the Federal government manages to spend almost $1 Trillion in Iraq and now, $700 Billion or more bailing out multinational banks but a simple tax break for small USA manufacturers? Nope.
Well, the multiple bubble bursts has caused a lot of bubble surfing companies to shrink or vanish thus doing the same with their associated employment slots. But what about the underlying cause of the diminishing availability of middle class jobs that was happening well before this? The answer is simple. To trade, you have to have something to trade. In order to have something to trade, you have to produce. Where has production gone? You already know. But in case you wanted to know what was said about 8 years ago and 9 steps to fixing the economy, check this out:
The China Eclipse.
It's remarkable how time proves truths.
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