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To: Victor Lazlo who wrote (142055)	5/2/2002 11:37:55 PM
From: GST	Read Replies (1) \| Respond to of 164684

Craig thinks we owe him a living. It is not uncommon for people who did not do well at school to fall short of their career aspirations and then look for somebody to blame -- "foreign barbarians" (not to mention gays, liberal politicians, bankers, etc., etc.) -- for their lack of success. Craig does not want the kind of world you describe -- he wants a world where he is among the richest one percent of the world's population because he voted for Pat B. -- and did nothing else. The idea of competing with other people in other countries on the basis of what value you can create is beyond his comprehension IMO.

To: Victor Lazlo who wrote (142055)	5/3/2002 1:27:57 PM
From: craig crawford	Read Replies (1) \| Respond to of 164684

>> It is better to export aircraft engines, pharmaceuticals and software packages and import shoes and t-shirts and doormats than it is to have parity and ship steel to them and import tv's from them. What the US does is the former. We are the envy of the world. << hah! what a crock! we are the enemy of the world! by the way, you are wrong. aircraft engines are being made in mexico. that only leaves pharmaceuticals and software. what happens when all our software jobs go to india? what will america be left to export then? movies? Next to Go: The U.S. Aircraft Industry iconservative.com Suddenly, however, after the textile industry went to Mexico, the auto industry followed, though the jobs of U.S. autoworkers were among the best-paid on earth. Mexico now exports 90 percent more cars to the United States than America exports to the entire world. In 2000, the United States, which invented the auto industry, had a trade deficit in autos and auto parts of almost $120 billion. Now comes the turn of aerospace, the crown jewel of U.S. manufacturing. It, too, is heading south. As Joel Millman of the Wall Street Journal writes: "Like the automakers that turned the cities of Tolucca, Hermosillo and Sautillo into Little Detroit in the 1990s, Boeing Corp., General Dynamics Co., Honeywell International Inc. and General Electric Co.'s GE Aircraft Engines are beginning to make Mexico a base for both parts manufacture and assembly." What is the attraction of Mexico over an America that used to monopolize commercial aircraft production? "You can only cut costs so much with new machinery," says John Monarch, president of GE supplier Smith West. "Pretty soon you need to lower labor costs, too." Driessen Aircraft Interior Systems pays its Mexican workers only $20 a day, which breaks down to $2.50 an hour – less than half the U.S. minimum wage. Now, if aircraft can be made by Mexican workers for $20 a day and computers can be made by Chinese workers for $10 a day, what is left that America manufactures that cannot be made, far more cheaply, outside the United States? Answer: Virtually nothing. .......................................................................................................................... Consider our three largest trading partners: Mexico, Canada and Japan. A year after NAFTA, Mexico devalued and the peso lost two-thirds of its value. This tripled the prices of U.S. goods in Mexico, while slashing the prices of Mexican goods in the United States by two-thirds. Our trade surplus with Mexico vanished, and Mexico rose out of recession by capturing a good slice of the American market from the American businesses and workers who formerly had it. After the U.S.-Canada trade deal, Canada let its dollar fall 25 percent against the U.S. dollar, giving Canadian loggers and wheat growers a decisive advantage over their American rivals. Today, the U.S. trade deficit with Canada and Mexico is among the largest on earth. Since Sept. 11, Japan has let the yen fall 12 percent against the dollar, giving Japanese exporters an immediate and huge advantage over U.S. manufacturers. Clearly, Japan intends to export its way out of its slump, at the expense of U.S. manufacturers. Treasury Secretary Paul O'Neill calls Japan's devaluation of the yen "protectionism." Correct. But almost every nation on earth has devalued against the dollar to seize a share of the U.S. market, at the expense of U.S. manufacturers. Yet, our elites have adopted a policy of Gandhian pacifism in the face of this protectionism – these trade wars launched against an unresisting America.