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Politics : BuSab
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To: Augustus Gloop who wrote (7596)5/5/2011 2:01:27 PM
From: SmoothSail  Read Replies (2) of 23934
 
That's an interesting take on how things work.

I remember sitting on my boat in LA Harbor watching all of the COSCO (China Overseas Co - not Costco) ships coming into the harbor loaded to the gunnels with containers and then watching them leave so empty the bow bulb was out of the water.

During the Clinton administration, we lost our yacht club building on the Navy base in Long Beach. The entire Navy base was closed and the property sold to COSCO along with some adjacent Fed property. The U.S. then expanded Terminal Island by 200 acres with rocks mined at Catalina, which they also gave to the Chinese to erect more cranes. They just expanded again - all for the Chinese.

We are importing tons and tons and nothing is leaving. You can see the trade imbalance in real time at the harbor.
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