From the comments at the BrosJudd
2- The US has not had a positive Balance of Trade with China since Mao Zedong was alive.
3- The US Trade DEFICIT with India is $102 Billion and has been negative for the past 15 years.
4- The Chinese Government is the second largest lender to the US Government - holding $150 Billion of US Treasury securities.
5- College graduates from Tsinghua and Peking universities earn more PhD's from US univesities than any other colleges in the world. (Berkeley graduates are 5th)
6- Try passing a simplified version of the 10th grade Indian proficiency test at www.2mminutes.com. It should be easy for Americans - this is the test rural Indian kids have to pass to get to 11th grade.
Bob Compton
Executive Producer
Two Million Minutes
Posted by: Bob Compton at July 18, 2008 1:23 PM
Here are some home truths.
1. The third/emerging world got a pass from the enviros, so they can pollute the air, the water and whatever else they like without penalty or censure.
2. These countries now function as our unskilled labor pool. We tell them what we want and how much we'll pay for it and they make it tons cheaper than we can make it ourselves.
3. They take that money/profit and invest it here, there and everywhere and pretty soon formerly desperately poor people move up an economic level and demand services and freedom causing their leftist governments much grief. (You may have noticed that poorest nations all have socialist governments and the richest ... and please don't even think of mentioning Sweden and Norway).
4. We move on to another poor part of the third/emerging world. BTW - they're poor and poorer due to the socialism stuffed down their throats by do-gooder pacifists who support murderous dictators as long as they spout socialism.
5. Eventually we'll run our of really poor people to raise up and then we'll think of something else and whatever that may be, one thing's sure, it won't involve central planning.
It really is that simple.
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