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To: fatty who wrote (16657)	2/4/2004 6:36:34 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 306849

Exactly....we're in for a world of hurt for a long time while our standard of living bleeds off to the rest of the world. That in a nutshell is globalization (H. Ross Perot was 100% right about it...he was just 12 years ahead of his time!) But fear not, as they say in trauma surgery, "Sooner or later the bleeding ALWAYS stops!"<G>

To: fatty who wrote (16657)	2/4/2004 6:57:35 PM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 306849

fatty, >> the only product that the US has a world wide competitive advantage is agriculture. The input costs for agriculture production have increased relative to the price received for the products. For example the input costs of energy are because of the falling dollar and competitors in Europe, Brazil, Argentina, Australia, etc. are not experiencing these increased costs.

To: fatty who wrote (16657)	2/4/2004 7:39:26 PM
From: Elroy Jetson	Respond to of 306849

I think this statement is true only if it's limited to some products. "the only product that the US has a world wide competitive advantage is agriculture" The lower cost of production for many agricultural products in Australia is the only reason Australia does not have a free-trade agreement with either America or Europe. Although agricultural production in Australia is not subsidized by the government, unlike America and Europe, their production cost is lower for meat products, milk products, and many fruits and vegetables - even allowing for additional transportation cost. American production costs are lower for soybeans, wheat and corn, and almonds, but higher for rice. Brazil is slightly more cost efficient in producing soybeans - and many U.S. soybean farmers have purchased operations in Brazil to hedge their future options.