To: Duane L. Olson who wrote (70 ) 1/9/2003 6:17:39 PM From: philv Read Replies (1) | Respond to Duane I do understand the concept. It's the growing part that gives me problems. Debt is piling up everywhere, partly due to the slowdown and meltdown of the financial markets, but also because of the uncompetitiveness of US business, especially manufacturing. Service jobs which are the fastest growing sector are low paid, and don't generate the dollars to support the economy and certainly don't make up for the traditional high paid manufacturing jobs. It is these primary jobs which support the whole system. Add to that the consequental trade imbalance, consequental because if you don't manufacture, you have to import, it is hard to see any reason for enthusiasm. Then there is the massive printing of money. I would be far more impressed with an honest discussion without hype about what to do about the debt and revival of manufacturing. Maybe I don't get it, don't understand why we have allowed and encouraged all our manufacturing to be done in Asia. Just wait until China starts to export cars to the US. You think GM & Ford are in trouble now!!
