"1. NKE is the biggest employer ..." this NKE thing riles you for real TB (g). I guess NKE is not US corporation - nobody in his/her right mind would produce shoes in US, with the cost of labour 1 to 10 compared to say Vietnam (g). Well, if somebody else's extreme profits are things to avoid, time to start producing shoes by yourself - I dont think it will help your balance of payments though, not very much at the very least.
"2. We export big-time technology..." Yeah, right. And import capital big time. Neither of the two is treated as air by Commerce.
"3. I've seen statistics that say that 10% of the public controls 90% of the assets in this Republic". Well, here you come with the "it's not me it's Bill Gates" argument. Public savings in the macro economy is not "what people have in the banks" etc. It's the percentage of the monthly take-home pay of one single person, called National Economy. Currently she is (in US) at -7%, which means for every 100 dollars taken home, she spends 107, and this means right away (of course there's ways of delaying the moment when the bills come crashing in).
"I'm all for the old math as opposed to the new math, but it needs to reflect the reality." Right, Berney, you're on the right track.
dj |
