Maybe right. now wait till Joe redesigns the
Navy.=====================================
-----Original Message-----
From: Eric Russell <ericprussell@xxxxxxxxxxx>
To: uupretirees@xxxxxxxxxxxxx <uupretirees@xxxxxxxxxxxxx>
Sent: Tue, Jun 15, 2021 12:57 pm
Subject: [uupretirees] Re: [uupretirees] Re: [uupretirees] Re: [uupretirees]
Facing China means spending more on defense, Joe —not just pre-K and windmills
#yiv0604315072 P {margin-top:0;margin-bottom:0;}If it comes to a shooting war,
we are in trouble because much of our materiel is made in China. Meanwhile, we
have the world's largest Navy. Eric
From: uupretirees-bounce@xxxxxxxxxxxxx <uupretirees-bounce@xxxxxxxxxxxxx> on
behalf of hils. <dmarc-noreply@xxxxxxxxxxxxx>
Sent: Tuesday, June 15, 2021 12:43 PM
To: uupretirees@xxxxxxxxxxxxx <uupretirees@xxxxxxxxxxxxx>
Subject: [uupretirees] Re: [uupretirees] Re: [uupretirees] Facing China means
spending more on defense, Joe —not just pre-K and windmills Well, that's one
strategy but,while you wait for it to bear fruit China is building
it's military at fast pace.
Bob Kasprak============================
-----Original Message-----
From: Eric Russell <ericprussell@xxxxxxxxxxx>
To: uupretirees@xxxxxxxxxxxxx <uupretirees@xxxxxxxxxxxxx>
Sent: Tue, Jun 15, 2021 12:33 pm
Subject: [uupretirees] Re: [uupretirees] Facing China means spending more on
defense, Joe —not just pre-K and windmills
Interesting article. It ignores, however, China's main
vulnerability--Economics. One of the big reasons we won the Cold War was that
the Soviet Union was bankrupt. One of the major sources of Chinese taxes is
manufacturing goods to send to the West, especially the US. If we can source
our raw materials, such as Lithium from other places and make our electronics
here, China will lose a lot of its income. It will not be able to support its
military, as it will be forced to spend more on domestic issues. The recent
discussion about China's birth rate highlights this. China has been putting
its money into its military and neglecting its senior citizens in the
expectation that their children will take care of them. If they are forced to
shift funding to more Eldercare, the money has to come from somewhere. If we
focus on "buying elsewhere," especially buying domestically produced goods, we
will strengthen our economy without building more naval ships or billion-dollar
aircraft. This may not be popular with the Steinbrenner [ship building] family
or Boeing or the various branches of General Dynamics or many of the drug
companies, but it will broaden the prosperity base at home. Any war, especially
economic, can only be won if you have the correct strategy. "Boots on the
ground" is not the only way to win. Taxing the other guy's products ends up
hurting your own people and does not hurt your opponent. If we encourage our
own economy, we build our tax base and weaken his.In 1964, one of my economics
professors said that the US was going out of the manufacturing business and
into a service economy. I thought he was wrong. He wasn't. Our present
vulnerabilities are the result of this trend. We need to think beyond
stockholder dividends and reverse this trend.Eric.
From: uupretirees-bounce@xxxxxxxxxxxxx <uupretirees-bounce@xxxxxxxxxxxxx> on
behalf of hils. <dmarc-noreply@xxxxxxxxxxxxx>
Sent: Tuesday, June 15, 2021 11:38 AM
To: uupretirees@xxxxxxxxxxxxx <uupretirees@xxxxxxxxxxxxx>
Subject: [uupretirees] Facing China means spending more on defense, Joe —not
just pre-K and windmills
Fyi:Bob Kasprak=========================================
Facing China means spending more on defense, Joe —not just pre-K and windmills
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