Notes Paul Krugman in the Times today re the coming China Re-valutation:
"In particular, a rise in the yuan and other Asian currencies will eventually make U.S. manufacturing, which has lost three million jobs since 2000, more competitive."
What Kruggie misses is that; IT'S ALL OVER FOR MANUFACTURING IN THE US!
IT'S FINISHED! THE "FACTORY JOBS" AIN'T COMIN' BACK....GOT IT?
The real question that economists like Krugman need to address is:
NOW WHAT?
WHAT WILL THE US ECONOMY LOOK LIKE IN SAY, 10 YEARS, OR 20 YEARS,..... CAN WE CONTINUE TO IMPORT ALL OF OUR MANUFACTURED NEEDS. IS IT "OK" NOT TO HAVE AN INDUSTRIAL BASE (EXCEPT FOR WAR MAKING AND AREOSPACE)?
NOTE WELL:
SWEATERS AND SHOES AND TVs AND STEREOS AND CAMERAS WILL NEVER BE MADE IN THE US AGAIN! NEVER!
LET ME REPEAT: NEVER!
So the reall issue that economists and globalists need to address is simply:
WHAT COMES NEXT FOR THE US ECONOMY?
WE KNOW THAT DUBYA IS ONLY THINKING TILL THE END OF HIS TERM...HE LETS THE "GENIUSES" LIKE ROVE AND CHENEY DO THE LONG TERM THINKING.
BUT ROVE AND CHENEY'S ENTIRE STRAGEGY IS DEPENDANT ON THE "RELIGIOUS RIGHT" AND THE ABILITY TO KEEP THESE MORONS IN A CONSTANT STATE OF HYPOCRITICAL "MORAL OUTRAGE."
Frankly, once the economy starts to reflect "reality" that could be harder and harder to do.....
What then? Scapegoating? Do we "create a crisis?" Does the South try to leave the Union and create a "Moral City on a Hill?" ala....1860! Do we bring out the armbands and the marching music.....?
WHAT? WHAT?
