[opendtv] Re: TV Prices Fall, Squeezing Most Makers and Sellers

  • From: Craig Birkmaier <craig@xxxxxxxxx>
  • To: opendtv@xxxxxxxxxxxxx
  • Date: Thu, 29 Dec 2011 10:19:38 -0500

At 4:39 AM -0500 12/29/11, Albert Manfredi wrote:
True enough, but I think you might be conflating multiple different events. The high unemployment is a relatively recent phenomenon, precipitated more by the housing bubble bursting (as it predictably was going to do) than by Chinese labor. Manufacturing jobs had been exported for several decades, when unemployment in the US was often at or below 5 percent. So the sudden high unemployment, starting in 2008, cannot be attributed to China alone.
Bert has the right view here. He also has a direct view of the problem - the out of control government bureaucracy he lives near.
We can return to growth and the best standard of living in the world if we enable American innovation and entrepreneurial greatness. 

We live in interesting times...

Regards
Craig


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