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Not much free market philosophy there, but the blame of course as usual lands on the Chinese.
Jan 11 04:46 am
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All Comments by Dave Wrixon »524,000 Jobs Lost in December; The Economy Is in a Depression [View article]
The fundamental problem seems to me that America needs to grow up and stop behaving like a bunch of teenagers who have been given way too much allowance.
The trade deficit is not the cause of the decline of American Manufacture. It is a symptom. Most of the solution coming out at the moment address the symptoms not the causes.
Anyway, it matters little now. It is way too late to take preemptive action. Just cling to your life-raft for dear life and hope you can ride out the storm.