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Originally Posted by rob
All I can about that is that we aren't producing much to export unless you consider that we could provide food for the world, if the goverment would get out of the farming business.
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Actually we export quite a bit, especially since the value of the dollar has been lower than in the past. we export a lot of technology such as telecommunications, financial services, supply chain management, and especially entertainment. I think the areas we're hurting in are areas that weren't able to adapt to a more flexible business model. This is the case with Ford and GM, their rediculous compensation packages and lack of flexibkle production has left them out to dry even though they're the 2 buggest automakers in the world. We saw this also with the steel industry. The older large producers cried for help against Chinese competition while the smaller more flexible producers claimed thier counterparts should be more efficient. A steel company in my are clsoed a few years ago, I remeber a local news report claiming salaries for workers with more than 5 years of service we're making $60-80k a year. I think for us to produce more the g-ment needs to let the market run its course and quit protecting businesses that can't adapt to the change of the market (i.e. Airline industry).
I love economics
