Yellen-The US Economy is Strong

[GFB]

By the way, not to be an alarmist, but the Chinese economy is teetering on the verge of total collapse. That is not going to be very good news for the stock market.

..but you believe our's is as well..China or no China.

It's sick with or without China. Our economy is not healthy when we have to depend on another country to produce most of our goods. Certainly not a communist country.

We don't have to depend on them..it's just that for many companies..making stuff over there is a very good plan.

[planosteve]

We don't have to depend on them..it's just that for many companies..making stuff over there is a very good plan.

Transferring most of our production of consumer goods to a communist dictatorship was a good idea

[GFB]

We don't have to depend on them..it's just that for many companies..making stuff over there is a very good plan.

Transferring most of our production of consumer goods to a communist dictatorship was a good idea

Did you want Obama to stop U.S. companies from having some products assembled in China or elsewhere?

I think that would make us more Communist than they are.

[planosteve]

We don't have to depend on them..it's just that for many companies..making stuff over there is a very good plan.

Transferring most of our production of consumer goods to a communist dictatorship was a good idea

Did you want Obama to stop U.S. companies from having some products assembled in China or elsewhere?

I think that would make us more Communist than they are.

It was much more than "some products assembled in China". Trade policies that encourage production and jobs being transferred overseas to a communist dictatorship are not a good idea. They should have been the opposite. US corporate tax rates are the highest in the world. That is what drove manufacturing out of this country.

[GFB]

quote]


Did you want Obama to stop U.S. companies from having some products assembled in China or elsewhere?

I think that would make us more Communist than they are.

It was much more than "some products assembled in China". Trade policies that encourage production and jobs being transferred overseas to a communist dictatorship are not a good idea. They should have been the opposite. US corporate tax rates are the highest in the world. That is what drove manufacturing out of this country.

Even after corporate taxes are reduced, 50 cents a day will win out over $25 an hour.

[planosteve]

Even after corporate taxes are reduced, 50 cents a day will win out over $25 an hour.

I don't think those figures are even in the ball park.