Indeed. And heaven forbid we ever become too energy efficient or else practically everything will be outsources. Perhaps we should thank big oil for protecting our economies.... hmmm.

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True knowledge exists in being aware of what you don't know.

Ironically, it is probably strengthening our economy, at least where the trade deficit is concerned. I don't know how much it is, though. It all depends on how much of the price of an imported good goes to shipping the item into the country - I don't know the figures off the top of my head...

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Member, Politicalforum Pro-Nuclear Coalition

Obama/Biden 2008

Nah, globalization will run its course and, barring political instabilities, the cost of labor should more or less equalize over the next century or so.

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Member, Politicalforum Pro-Nuclear Coalition

Obama/Biden 2008

Sounds nice in theory, but shifts in economic balances often don't happen nice and smoothly. Get ready for a bumpy ride, all orchestrated by those on top of course. One can only hope those on the bottom can stay in their seats and not get blind sided by outsourcing.

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True knowledge exists in being aware of what you don't know.

Those standards serve us well, though, don't they? The first thing I look for in a breakfast cereal is confidence that it won't kill me. Consumer confidence is important to the economy.

And at the point of 2 cents an hour, those 2 cents are dragging you down, not keeping you afloat. You certainly don't have any money to buy Henry Ford's automobiles with, y'know?

Hey, over the past 20 years, India has gotten halfway to being a first world country, mainly due to jobs outsourced from the United States and Europe...

Outsourcing is driving China's economic boom.

No reason it can't happen anywhere else.

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Member, Politicalforum Pro-Nuclear Coalition

Obama/Biden 2008

Not well, and in the current economy not at all. A third of consumer expenditures, as well as all new expenditures, in this country are satisfied by imports. More consumer spending will not stimulate industrial output at all.

Not to mention most industrial production in this country goes to capital goods production, and intermediate production stages, so supply-side stimulation is what will stimulate demand for homegrown products.

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Hometown: Arecibo, PR
Ideology: The Fourth Way
Beliefs: Social liberalism, producerism, supply-side economics, Austrian economics, realism, utilitarianism, populism.
Religion: Secular Humanism

Libertarian/Authoritarian: -4.10
Economic Left/Right: -0.75

"Who doesn't enjoy looking at boobies? To do otherwise would be simply un-American.” -catzmeow

Or will supply side only stimulate companies to buy more from oversees to supply? Throw money at the consumer, and they will buy the cheapest product that meets their standard. throw money ad the supplier, and they will supply from whatever the cheapest source is that meets their market's standard. In either case, there is no reason one side will cause more or less importation of products, unless you put the money out there with strings attached.

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True knowledge exists in being aware of what you don't know.