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Politics : DON'T START THE WAR -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (359)	1/8/2003 3:34:47 AM
From: Baldur Fjvlnisson	Read Replies (1) \| Respond to of 25898

U.S. manufacturing has lost jobs for 27 consecutive months. It is saddled with overpaid workers and overcapacity and yes the overpriced dollar. But of course the Chinese Yuan will fall with the dollar so it won't make any difference. The hard truth is that U.S. manufacturing isn't competitive, even with real interest rates under zero. The U.S. labor pool has contracted in the last two years. Unemployment is massively understated. As your unemployment benefits expire Uncle Sam simply assumes that you have a job. Besides 2-3 million people reside in U.S. jails and part of the unemployment problem is hidden there. There is rampant overcapacity everywhere. Just look around you. Bush has increased public debt by 800 billion dollars in the last two years. Since the new fiscal year started on 10/1/2002 he has increased it by $180 billion. It may not look like much to you but 800 billion still comes to ten thousand dollars per U.S. household and is nothing but a tax increase which must be discounted sooner or later.