Post by Kender on Oct 29, 2003 10:41:27 GMT -5
Last night on CNN, there was a story about trade defecits and an investor (Warren Buffet) who was betting against the American Dollar. The reason he is doing so is because foreigners are buying up America. They now own 5% of our GNP.
He also pointed to the outsourcing phenomenon - where jobs are being exported to other countries. We're not talking just about manufacturing jobs anymore. Service jobs too.
There is a solution, of course...but since the system currently benefits everyone but the United States, the WTO would never allow it.
He also pointed to the outsourcing phenomenon - where jobs are being exported to other countries. We're not talking just about manufacturing jobs anymore. Service jobs too.
There is a solution, of course...but since the system currently benefits everyone but the United States, the WTO would never allow it.
