Imports in textiles from China more in 1 month than all last year!

[lonestarnot]

We are doomed people doomed. The expectation is that if this is not stopped, millions of more jobs to go! Lou Dobbs, preaching about this and I believe he's a freep...Just like SUV drivers bitching about gas prices.

[lonestarnot]

1. kick damn it! Why don't people respond to this! This shit is going to

bring us down! Third world down! Our middle class is shrinking to China's middle class...doesn't anyone give a shit?:kick:

[knitter4democracy]

2. Crap.

I guess we're looking at the world's superpower now--they just are more covert about it.

My dad went there a couple of years ago and started telling everyone he could that China is a superpower and is going to overtake us on everything, and he's a freeper! He's right on this one, though.

[lonestarnot]

3. China is the biggest fucking deal going! ME nothing in China light! n/t

[NewJeffCT]

4. Shanghai

About a dozen years ago, there were less than 100 skyscrapers in Shanghai... when I went there last Fall, there were like 3,000 with cranes & construction everywhere. The PuDong district of Shanghai makes Manhattan look like Hartford, Connecticut. They don't have the culture of NYC yet... but they literally have a bank on every corner and I can see the day in the future when Shanghai passes NYC as a financial center. Not anytime soon, but in 15-20 years, maybe a bit longer.

Chinese are a patient people and see things long term, unlike us instant gratification Americans (and, this is on both sides of the aisle - Democrats & Republics)

That said, China does have a lot of problems to overcome:
1) massive bank debt and bad loans (similar to the US in the 20s);
2) the possibility of growing too fast;
3) major infrastructure problems, including traffic that makes NYC, Houston or Atlanta look like rural highways and
4) power grid problems;
5) too many males are still being born in the countryside in China, which is leading to a big surplus of males (the more modern Eastern China is much more progressive on this);
6) unemployment problems - several years back, the Chinese gov't undertook a program to graduate 1 million engineers and accountants per year. Now, these people are graduating and they do not have jobs for them. Additionally, millions from the countryside that journey to the cities for jobs often struggle to find them.
7) AIDS, pollution, lack of freedoms we take for granted (like the Internet), etc, etc.

[lonestarnot]

5. Well with the textile dump they did to this country in just one fucking

month, it won't take long to fix those problems! Give 'em 6 months!

[knitter4democracy]

6. That's what my dad was saying.

Everywhere he went he saw a building boom. On top of that, he saw a solid industrial base (unlike our crumbling, "let's let everyone else make our stuff" base) and a very solid research and industrial core. He was on a tour with the physicist who started the lab at Michigan State he worked at for over 30 years, and they both came to the same conclusion: watch out!

After helping my brother start up his American made dirt bike company, now Cobra, and working his butt off only to get killed with the dollar and the economy tanking (they introduced a quad this year, and they might not make it through the month), he's convinced more than ever that we aren't the superpower we think we are.