China to be

[marcus]

2040 china economy to be 3 times larger than USAs.

Since 2000 we have lost 1/3 of all our manufactoring jobs

Over 42000 factoryies have closed since 2001

We cant be a service economy.You people keep buying your imported crap and we wont have good jobs anymore.You keep buying your Import cars,trucks,Atvs,motorcycles,washers,dryers,cloths and on and on.We wont have anychoices left if we keep doing this.Its not hard to buy amercian you just have to try alittle bit.Where is our american PRIDE AT.We used to have it and said yep thats mine and its made in america!
When china goes past us and it will be our own fault,we as a country will be less and less of a power.When that happens what do you think will happen to us.I say buy amercian when you have a choice and stay the Heck out of WALMART or CHINAMART.Nobody gives a crap unless it efects there job.

[ktpelec]

I agree completely Marcus.
In many ways the two countries are vastly different though. China has a population of 1.3 billion vs. the U.S. at 350 million, thats over 3 times the population. China also has more land mass, with a huge portion of it undeveloped. They are going through an industrial revolution similar to the U.S. in the 1950's. Thier infrastructure and manufacturing is on an up swing, while ours is not.
We do enjoy a much more open and "free" society, with many more choices of life style. Is that partialy to blame for our down fall?

[TonyV]

We are witnessing a shift of industrial power before our eyes. During this century, it is estimated that China and India will be the two industrial superpowers.
With the U.S. losing the manufacturing jobs, those that attract industry will have an expanding economy and wealth to influence the world.

I am afraid that we have witnessed the best our country will have in the next 100 years.

It will take a shift in perception, regulation, taxation, and consumer attitude to reverse this tidal wave. May God be with us.

[nvsked1]

Oct 27, 2010 16:36:06 GMT -5 marcus said:

2040 china economy to be 3 times larger than USAs.

Since 2000 we have lost 1/3 of all our manufactoring jobs

Over 42000 factoryies have closed since 2001

We cant be a service economy.You people keep buying your imported crap and we wont have good jobs anymore.You keep buying your Import cars,trucks,Atvs,motorcycles,washers,dryers,cloths and on and on.We wont have anychoices left if we keep doing this.Its not hard to buy amercian you just have to try alittle bit.Where is our american PRIDE AT.We used to have it and said yep thats mine and its made in america!
When china goes past us and it will be our own fault,we as a country will be less and less of a power.When that happens what do you think will happen to us.I say buy amercian when you have a choice and stay the Heck out of WALMART or CHINAMART.Nobody gives a crap unless it efects there job.

I wish it was that simple...

www.nationalaglawcenter.org/assets/crs/RL31932.pdf

Trade Agreements: Impact on the U.S.
Economy
James K. Jackson
Specialist in International Trade and Finance
March 11, 2010

Summary
The United States is in the process of considering a number of trade agreements, including the recently announced Trans-Pacific Partnership Trade Agreement (TPP). The Congress also may address the issue of trade promotion authority (TPA), which expired on July 1, 2007.

The various trade agreements range from bilateral trade agreements with countries that account for meager shares of U.S. trade to multilateral negotiations that could affect large numbers of U.S. workers and businesses. During this process, Congress likely will be presented with an array of data estimating the impact of trade agreements on the economy, or on a particular segment of the economy.

Background
Congress plays a direct role in formulating and implementing U.S. international trade policies. During the 108th, 109th, and 110th Congresses, this role gained increased importance as the United States negotiated an unprecedented number of trade agreements. The 111th Congress may also address the issue of trade promotion authority (TPA), which expired on July 1, 2007.

The effects on the economy from liberalizing trade on a bilateral basis through the proposed bilateral free trade arrangements will yield especially minor gains for the U.S. economy as a whole.
Congress may choose to reject any trade agreement in favor of maintaining the status quo, or it may choose to circumvent the arduous task of negotiating multilateral trade agreements and unilaterally remove all barriers to U.S. trade. While unilaterally removing all trade barriers would please economic purists, it is unlikely given the issues it would raise and the prospects that it would leave U.S. negotiators with few bargaining chips during trade negotiations. Such an action likely would engender a public backlash, particularly from those labor and trade groups that would be most directly affected by such a policy.

CAREFUL WHO VOTE FOR....JUST SAYIN