Buy American! Over the course of this year, China's government will find itself with more than $300 billion in new foreign-currency reserves, mostly dollars, that it will have to park somewhere - if China and the gulf states prove to be savvy investors--the U.S. will effectively be sending big checks abroad each year to pay for good times past. Click here to read full story: http://www.time.com/time/magazine/article/0,9171,1625188,00.html Big Shoes to Fill in Advanced Manufacturing When ?Boomers? Begin Retiring http://www.kamanufacturers.com/notes.htm Retooled U.S. manufacturing quietly rises to China challenge. Click her to read story: http://www.baltimoresun.com/news/opinion/oped/bal-op.manufacturing05mar05,0,4566029.story
Study: Trade deficit with China costs Florida 100,000 jobs
The United States' massive trade deficit with China cost Florida about 100,900 jobs between 2000 and 2007, with 17,000 lost last year, according to a new study.
The imbalance in trade between the two countries also suppressed workers' wages by about $8,150 per worker, and $19.4 billion overall, according to the study by the Economic Policy Institute, a nonprofit think tank devoted to researching impacts of economic trends and policies.
"All manufacturing is facing a critical challenge, as we know, but what may surprise people is how hard workers in advanced technology are being affected," said Scott Paul, Alliance for American Manufacturing executive director. "As China diversifies its export base -- and it's already expanding its electronic products, aircraft, auto parts and machinery -- more American produces will be unfairly disadvantaged."
Please check out this latest link added to the website! Based in San Clemente CA, Made in USA Forever.com was founded by Todd Lipscomb. To see recent interview with Todd on YOUR MORNING please click the following link: http://www.youtube.com/watch?v=OZv9FeVQwOI
That's BILLION with a B - wake up America!
Countries Contributing the Most to U.S. Trade Deficit
The list below shows Americas deficit amounts for its top 15 trading partners.
China US$259.1 billion (up 11.4% from 2006, up 59.9% from 2004)
Japan $83.1 billion (down 6.1%, up 10.5%)
Mexico $74 billion (up 15.4%, up 64.4%)
Canada $65 billion (down 10.7%, down 1%)
Germany $44.5 billion (down 6.9%, down 2.8%)
Nigeria $28.9 billion (up 12.5%, up 97.3%)
Venezuela $28.4 billion (up 0.6%, up 40.4%)
Saudi Arabia $24.5 billion (up 1.8%, up 57.3%)
Ireland $21.6 billion (up 7.5%, up 12.5%)
Italy $20.9 billion (up 3.7%, up 20.4%)
Malaysia $20.8 billion (down 13.2%, up 20.4%)
France $14.5 billion (up 12.5%, down 36.9%)
South Korea $13.6 billion (up 2.5%, down 31.5%)
Taiwan $12.7 billion (down 16.7%, down 1.9%)
United Kingdom $6.7 billion (down 16.8%, down 36%).
Top Chinese exports to America are computers, accessories, parts and miscellaneous household goods. Japans leading exports to the U.S. are passenger cars.
Fastest Increasing Deficits
Below are the nine countries that grew the American deficit the fastest last year.
Mexico US $74 billion (up 15.4% from 2006, up 64.4% from 2004)
Nigeria $28.9 billion (up 12.5%, up 97.3%)
France $14.5 billion (up 12.5%, down 36.9%)
China $259.1 billion (up 11.4%, up 59.9%)
Ireland $21.6 billion (up 7.5%, up 12.5%)
Italy $20.9 billion (up 3.7%, 20.4%)
South Korea $13.6 billion (up 2.5%, down 31.5%)
Saudi Arabia $24.5 billion (up 1.8%, up 57.3%)
Venezuela $28.4 billion (up 0.6%, up 40.4%),
Top Mexican exports to America are crude oil and automotive parts. Nigerias exports to the U.S. are principally oil and gas products.
Attention FTC: This is what American consumers should see when shopping for refrigerators, dishwashers, automobiles and all durable goods sold in America:
MADE IN CHINA
MADE IN USA
The flag of the country of origin should be on the face of every durable good sold in America!
A 2" sticker of these flags within eye view on durable goods sold in America could make a BIG difference in the buying habits of American consumers. This would protect manufacturing jobs in America and begin to reverse our devastating trade deficit.
Please urge your politicians, talk show host, union leadership, and local media to discuss this proposal.
Print, television, and radio advertising for all durable goods sold in the United States should require full disclosure about where the product is assembled and the percentage of U.S. content.
