Comments on: Globalisation Sends US Manufacturing Jobs Overseas

By: Steven Capozzola

Steven Capozzola — Mon, 22 Oct 2007 19:14:27 +0000

The bottom line is JOBS. The U.S. lost 46,000 manufacturing jobs in August 2007. More significantly, the ongoing losses are taking a cumulative toll on communities throughout the country. We need to adequately enforce our trade laws, and hold countries like China accountable for illegal trading practices such as currency manipulation. Otherwise, we’ll continue to shed manufacturing jobs.

By: William Place

William Place — Wed, 19 Sep 2007 04:41:47 +0000

Everyday low prices, more deadly that thermonuclear warheads. Walmart and the Chinese communists have succeeded where the Soviets failed. Khrushchev was right about not having to fire a shot, he was only wrong about who would be the winner.

By: kayle

kayle — Wed, 19 Sep 2007 00:20:33 +0000

"We hope the same doesn’t happen here in Australia. But there are many similarities." Gee, ya think? For a year now I've been smacking my forehead over the Australian media's ostrich approach to the fact that most people here cannot afford the houses they live in. No wonder so many Joes here fell for it, considering how ill-informed they are by the dailies. Going by those, you'd still think the global credit bubble deflating is just "US sub-prime". "Solvency" might not even cross your mind. Now that the inevitable credit fiasco is happening, the first glimmerings of awareness are hitting the papers. (You mean Aussie Joe really can't afford a $320K mortgage on a wage of $50K and change?!!?) Like it's that surprising to anyone who has eyes in their head and a lick o' common sense. I'd love to see an expose - I know, won't be done until more Aussies are bloggers - on how much the mainstream media here is reliant on Real Estate advertising. PS: Based on what would you be hoping the same won't happen here? The resources boom? Surely you don't think that will send wage appreciation up to the degree that house prices are 3X income...?