Guys,
Believe I made an error in my earlier post on this thread. Sam Walton's original plan had primarily American made products in his stores. After his passing, his successors began to change the philosophy to cheapest you can buy. Walmart knows their clientele very well. In doing this, Walmart helped to destroy American manufacturing of small goods. In every town and city Walmart entered, the mom and pop retail stores were the first to fail. All in the name of "low prices". Isn't unfettered capitalism great! Sorry for the error.
Lyn
Low prices are great.
America is more wealthy because of international trades going both ways.
Production is higher and that is what counts more than "jobs," as we'll see more and more as technology is used to increase production to very high levels.
As for trading with China, thank god for that, as it will be the only thing that can keep us from another Asia war.
Trade is good and makes both sides wealthier. Both sides, not just one, both.
Jeff Livingston
PS If anyone wants to spend an hour learning about such economic principles, go here (pdf) for free. It is worth most poster's time, based on the fallacies I'm reading here.