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Registered User
Join Date: Aug 2007
Location: Milwaukee
Posts: 2,431
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Quote:
Originally Posted by cairns
Thank you John for those concise, accurate and non political statements. Thank goodness this hasn't turned into another anti-Bush screed. At least yet.
For those of you who think the decline of the $ is only a bad thing- let's use airplanes as an example.
The US is Airbus's primary market- and it's airplanes are now greatly overpriced compared to Boeing- even with the subsidies of their own governments. Boeing, on the other hand, is receiving more orders than ever- they're hiring, engaging more subcontractors and investing in plants, people, research and technology.
The same is true for Cessna, Beechcraft, GE, GM, Ford, Microsoft etc.- any US manufacturer or producer who exports to the global marketplace. We don't import everything- and as the $ declines we'll import less- or those companies who want to sell here will have to cut their prices to compete.
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What you are basically saying is that if our economy drops to the level of China then we will be just as competitive as they. Not sure how that will play with Joe Sixpack when he discovers that he might have to work for $0.81 cents per hour.
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12-18-2007, 09:24 AM
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